RIV vs SURI
RiverNorth Opportunities Fund Inc. vs Simplify Propel Opportunities ETF
Which is better, RIV or SURI?
Each has led over a different period.
SURI has a lower expense ratio. RIV led over the full window, SURI over 1Y and 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RIV | SURI |
|---|---|---|
| Expense Ratio | 5.11% | 2.56%Best |
| AUM | $350M | $75M |
| Dividend Yield | 13.60% | 15.67% |
| Holdings | 442 | 40 |
| YTD Return | -4.80% | +13.31%Best |
| 1Y Return | -3.05% | +22.43%Best |
| 3Y Return (annualized) | +11.85% | +12.19%Best |
| 5Y Return (annualized) | +1.95% | - |
| Volatility (annualized) | 14.0%Best | 29.6% |
| Max Drawdown | -16.5%Best | -47.8% |
| $10,000 over 3.7 years | $12,845Best | $12,345 |
| Fund Family | RiverNorth | Simplify Exchange Traded Funds |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Dec 23, 2015 | Feb 7, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 8, 2023 to Oct 14, 2026 (3.7 years).
RIV vs SURI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
RIV vs SURI Performance
RiverNorth Opportunities Fund Inc. (RIV) is an ETF from RiverNorth and Simplify Propel Opportunities ETF (SURI) is an ETF from Simplify Exchange Traded Funds. Over the past year RIV returned -3.05% while SURI returned +22.43%. Year to date, RIV is down 4.80% versus a gain of 13.31% for SURI.
Over three years, RIV compounded at +11.85% per year against +12.19% for SURI. Across the full 4-year window we track, RIV has the edge at +7.00% annualized vs +5.86%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SURI has been the more volatile fund, with annualized monthly volatility of 29.6% compared with 14.0% for RIV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.5% for RIV and -47.8% for SURI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RIV charges 5.11% per year while SURI charges 2.56%. On a $10,000 position that is $511 vs $256 annually, a gap of $255 per year that compounds over a long holding period. On income, RIV currently yields 13.60% against 15.67% for SURI.
Holdings Overlap
We hold position weights for 259 holdings in RIV and 28 in SURI, totalling 126.1% and 90.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 279 days apart, RIV as of Dec 31, 2025 and SURI as of Oct 6, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 259 positions we hold weights for in RIV and 28 in SURI, against full books of 442 and 40.
You are not choosing between two funds in isolation.
Whichever of RIV and SURI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RIV or SURI?
RIV has an expense ratio of 5.11% while SURI charges 2.56%. SURI is the cheaper option, by $255 a year on a $10,000 investment.
Which performed better, RIV or SURI?
Over the past year RIV returned -3.05% vs +22.43% for SURI, so SURI leads on 1-year performance. Over the longest common window we track (4 years), RIV annualized +7.00% vs +5.86% for SURI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RIV or SURI?
SURI has been the more volatile fund at 29.6% annualized versus 14.0% for RIV. Worst drawdown: RIV -16.5% vs SURI -47.8%.
Should I hold both RIV and SURI?
RIV and SURI have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, RIV or SURI?
RIV yields 13.60% while SURI yields 15.67%, so SURI currently pays the higher dividend yield.
Is SURI better than RIV?
SURI has a lower expense ratio. RIV led over the full window, SURI over 1Y and 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.