RiverNorth Flexible Municipal Income Fund II Inc. (RFMZ) Alternatives
RiverNorth Flexible Municipal Income Fund II Inc. (RFMZ) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RFMZ. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to RFMZ
RFMZ charges 3.27% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among RFMZ alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | Jun 26, 1992 | RFMZ vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | RFMZ vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | Dec 3, 1993 | RFMZ vs EIM | |
| Nuveen Select Maturities Municipal Fund | 0.03% | Sep 18, 1992 | RFMZ vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | Jun 26, 2012 | RFMZ vs MMD |
Best Risk-Adjusted Alternatives to RFMZ
Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | RFMZ vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | RFMZ vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | RFMZ vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | RFMZ vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | RFMZ vs USMTX |
Top Performing RFMZ Alternatives (YTD)
RFMZ alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 10.44% | Jan 12, 1993 | RFMZ vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 7.10% | — | RFMZ vs RMI | |
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | RFMZ vs NMI | |
| Nuveen California Municipal Value Fund | 5.80% | Oct 7, 1987 | RFMZ vs NCA | |
| Nuveen Minnesota Quality Municipal Income Fund | 5.76% | Jun 25, 1993 | RFMZ vs NMS |
Lowest Volatility Alternatives to RFMZ
RFMZ alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | RFMZ vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | RFMZ vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | RFMZ vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | RFMZ vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | RFMZ vs BATVX |
Lowest Drawdown Alternatives to RFMZ
RFMZ alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | RFMZ vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | RFMZ vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | RFMZ vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | RFMZ vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | RFMZ vs FHMIX |
Other Mutual Funds from RiverNorth
Most popular RiverNorth mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| RiverNorth Opportunities Fund | Tactical Allocation | 29 | -2.24% | — | RFMZ vs RIV | |
| RiverNorth Capital and Income Fund | High Yield Bonds | 49 | 4.23% | — | RFMZ vs RSF | |
| RiverNorth Managed Duration Municipal Income Fund ... | Municipal Bonds | 13 | 3.01% | — | RFMZ vs RMMZ | |
| RiverNorth Flexible Municipal Income Fund | High Yield Muni | 9 | 2.29% | — | RFMZ vs RFM |
Often Compared With RFMZ
What investors most often compare with RFMZ, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 8 | 4.12% | Mar 18, 1993 | RFMZ vs NPV |
Compare RFMZ with Any Fund or Stock
Compare RFMZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.