RFM vs. AHMFX
Compare and contrast key facts about RiverNorth Flexible Municipal Income Fund (RFM) and American High-Income Municipal Bond Fund Class F-2 (AHMFX).
RFM is managed by RiverNorth. AHMFX is an actively managed fund by Capital Group. It was launched on Aug 1, 2008.
Performance
RFM vs. AHMFX - Performance Comparison
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RFM vs. AHMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RFM RiverNorth Flexible Municipal Income Fund | 2.29% | 1.59% | 3.24% | 6.50% | -22.85% | 10.85% | 15.33% |
AHMFX American High-Income Municipal Bond Fund Class F-2 | -0.48% | 6.03% | 6.45% | 7.04% | -12.44% | 5.49% | 9.21% |
Returns By Period
In the year-to-date period, RFM achieves a 2.29% return, which is significantly higher than AHMFX's -0.48% return.
RFM
- 1D
- 2.04%
- 1M
- -3.44%
- YTD
- 2.29%
- 6M
- 0.79%
- 1Y
- 2.63%
- 3Y*
- 4.32%
- 5Y*
- -1.10%
- 10Y*
- —
AHMFX
- 1D
- 0.07%
- 1M
- -2.70%
- YTD
- -0.48%
- 6M
- 1.28%
- 1Y
- 4.18%
- 3Y*
- 5.44%
- 5Y*
- 1.81%
- 10Y*
- 3.39%
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RFM vs. AHMFX - Expense Ratio Comparison
RFM has a 5.15% expense ratio, which is higher than AHMFX's 0.42% expense ratio.
Return for Risk
RFM vs. AHMFX — Risk / Return Rank
RFM
AHMFX
RFM vs. AHMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Flexible Municipal Income Fund (RFM) and American High-Income Municipal Bond Fund Class F-2 (AHMFX). 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.
| RFM | AHMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.25 | 0.81 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.39 | 1.10 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.24 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.99 | -0.73 |
Martin ratioReturn relative to average drawdown | 0.69 | 3.26 | -2.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RFM | AHMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.81 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.38 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 1.52 | -1.36 |
Correlation
The correlation between RFM and AHMFX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RFM vs. AHMFX - Dividend Comparison
RFM's dividend yield for the trailing twelve months is around 7.91%, more than AHMFX's 4.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFM RiverNorth Flexible Municipal Income Fund | 7.91% | 8.07% | 7.70% | 7.64% | 8.38% | 10.49% | 5.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AHMFX American High-Income Municipal Bond Fund Class F-2 | 4.27% | 5.58% | 4.04% | 2.97% | 2.71% | 3.44% | 3.60% | 3.68% | 3.88% | 4.19% | 3.74% | 4.19% |
Drawdowns
RFM vs. AHMFX - Drawdown Comparison
The maximum RFM drawdown since its inception was -35.49%, which is greater than AHMFX's maximum drawdown of -17.65%. Use the drawdown chart below to compare losses from any high point for RFM and AHMFX.
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Drawdown Indicators
| RFM | AHMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -17.65% | -17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -5.60% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -35.49% | -17.65% | -17.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.65% | — |
Current DrawdownCurrent decline from peak | -16.02% | -2.70% | -13.32% |
Average DrawdownAverage peak-to-trough decline | -14.77% | -2.38% | -12.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 1.69% | +1.67% |
Volatility
RFM vs. AHMFX - Volatility Comparison
RiverNorth Flexible Municipal Income Fund (RFM) has a higher volatility of 4.28% compared to American High-Income Municipal Bond Fund Class F-2 (AHMFX) at 1.08%. This indicates that RFM's price experiences larger fluctuations and is considered to be riskier than AHMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RFM | AHMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 1.08% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.89% | 1.86% | +5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 6.45% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 4.82% | +8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 4.53% | +8.22% |