RiverNorth Managed Duration Municipal Income Fund II Inc. (RMMZ) 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 RMMZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RMMZ
Among 496 mutual funds in the Municipal Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | RMMZ vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | RMMZ vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | RMMZ vs EIM | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | RMMZ vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | RMMZ vs MMD |
Best Risk-Adjusted Alternatives to RMMZ
RMMZ has a PortfoliosLab risk / return rank of 33. There are 473 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | RMMZ vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | RMMZ vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | RMMZ vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | RMMZ vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | RMMZ vs DFSMX |
Top Performing RMMZ Alternatives (YTD)
RMMZ is at 6.29% YTD. There are 9 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 16.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 16.24% | — | Jan 1993 | RMMZ vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 10.49% | — | — | RMMZ vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 10.21% | — | — | RMMZ vs RFMZ | |
| Nuveen New York AMT Free Quality Municipal Income | 9.28% | — | Nov 2002 | RMMZ vs NRK | |
| Nuveen Arizona Quality Municipal Income Fund | 8.81% | — | Nov 1992 | RMMZ vs NAZ |
Lowest Volatility Alternatives to RMMZ
RMMZ has 9.96% 1-year volatility. There are 486 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.57%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | RMMZ vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | RMMZ vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | RMMZ vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | RMMZ vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | RMMZ vs DFSMX |
Lowest Drawdown Alternatives to RMMZ
RMMZ has a 1-year max drawdown of -5.58%. There are 469 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | RMMZ vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | RMMZ vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | RMMZ vs APUSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | RMMZ vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | RMMZ vs FHMIX |
Other Mutual Funds from RiverNorth
The 3 most viewed RiverNorth mutual funds shown here include RFM, RSF, RIV and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RiverNorth Flexible Municipal Income Fund | High Yield Muni | 32 | 8.40% | — | — | RMMZ vs RFM | |
| RiverNorth Capital and Income Fund | High Yield Bonds | 42 | 7.54% | — | — | RMMZ vs RSF | |
| RiverNorth Opportunities Fund | Tactical Allocation | 20 | 4.60% | — | — | RMMZ vs RIV |
Often Compared With RMMZ
Investors most often compare RMMZ with MHF, NMS, NCA. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Western Asset Municipal High Income Fund Inc | Municipal Bonds | 6 | 3.10% | — | Nov 1988 | RMMZ vs MHF | |
| Nuveen Minnesota Quality Municipal Income Fund | Municipal Bonds | 53 | 5.79% | — | Jun 1993 | RMMZ vs NMS | |
| Nuveen California Municipal Value Fund | Municipal Bonds | 18 | 4.54% | — | Oct 1987 | RMMZ vs NCA | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 27 | 6.33% | — | Mar 1993 | RMMZ vs NPV | |
| Nuveen Municipal Income Fund, Inc. | Municipal Bonds | 11 | 8.28% | — | Apr 1998 | RMMZ vs NMI |
Compare RMMZ with Any Fund or Stock
Compare RMMZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RMMZ with funds that move differently
RiverNorth Managed Duration Municipal Income Fund II Inc. alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RMMZ.
Explore RMMZ Diversifiers