EOT vs. RMM
EOT (Eaton Vance National Municipal Opportunities Trust) and RMM (Rivernorth Managed Duration Municipal Income Fund Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, EOT returned -1.33%/yr vs -0.92%/yr for RMM. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
EOT vs. RMM - Performance Comparison
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Returns By Period
In the year-to-date period, EOT achieves a 5.11% return, which is significantly lower than RMM's 9.69% return.
EOT
- 1D
- 0.23%
- 1M
- -1.43%
- 6M
- 0.64%
- YTD
- 5.11%
- 1Y
- 12.20%
- 3Y*
- 4.82%
- 5Y*
- -1.33%
- 10Y*
- 1.83%
- ALL TIME*
- 4.26%
RMM
- 1D
- 0.28%
- 1M
- -3.08%
- 6M
- 4.50%
- YTD
- 9.69%
- 1Y
- 11.35%
- 3Y*
- 4.27%
- 5Y*
- -0.92%
- 10Y*
- —
- ALL TIME*
- 2.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $434.16K | $455.72K | $564.92K | |
| $575.80K | $561.52K | $605.40K |
EOT vs. RMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EOT Eaton Vance National Municipal Opportunities Trust | 5.11% | 7.97% | 1.90% | 7.67% | -22.32% | 11.41% | -1.56% | -5.23% |
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 9.69% | 2.01% | 9.25% | 5.93% | -23.45% | 19.66% | -2.15% | -1.00% |
Correlation
The correlation between EOT and RMM is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.32 |
The correlation between EOT and RMM shifts across timeframes, from 0.30 (1 year) to 0.42 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
EOT:
$270.15M
RMM:
$282.87M
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Return for Risk
EOT vs. RMM — Risk / Return Rank
EOT
RMM
EOT vs. RMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance National Municipal Opportunities Trust (EOT) and Rivernorth Managed Duration Municipal Income Fund Inc. (RMM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EOT | RMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.45 | +0.36 |
| Martin ratioReturn relative to average drawdown | 5.49 | 5.22 | +0.26 |
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Drawdowns
EOT vs. RMM - Drawdown Comparison
The maximum EOT drawdown since its inception was -33.25%, smaller than the maximum RMM drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for EOT and RMM.
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Drawdown Indicators
| EOT | RMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.25% | -35.99% | +2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -7.90% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -18.84% | +7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -33.25% | -33.29% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.25% | — | — |
Current DrawdownCurrent decline from peak | -10.82% | -5.70% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -13.57% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.19% | +0.22% |
Volatility
EOT vs. RMM - Volatility Comparison
Eaton Vance National Municipal Opportunities Trust (EOT) has a higher volatility of 2.45% compared to Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) at 2.00%. This indicates that EOT's price experiences larger fluctuations and is considered to be riskier than RMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EOT | RMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 2.00% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 9.16% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.03% | 10.81% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 14.42% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 17.72% | -2.98% |
Dividends
EOT vs. RMM - Dividend Comparison
EOT's dividend yield for the trailing twelve months is around 4.74%, less than RMM's 7.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EOT Eaton Vance National Municipal Opportunities Trust | 4.74% | 4.85% | 4.77% | 4.43% | 4.56% | 3.44% | 3.80% | 4.73% | 6.13% | 5.12% | 5.97% | 4.83% |
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 7.30% | 7.98% | 7.63% | 7.71% | 7.74% | 5.46% | 6.18% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
EOT vs. RMM - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance National Municipal Opportunities Trust and Rivernorth Managed Duration Municipal Income Fund Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
EOT and RMM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EOT has higher volatility (2.45%) compared to RMM (2.00%). In terms of maximum drawdown, EOT dropped -33.25% vs RMM's -35.99%.
EOT currently has the higher Sharpe Ratio (1.32 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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