RLTY vs. RMM
RLTY (Cohen & Steers Real Estate Opportunities & Income Fund) 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 3 years, RLTY returned 14.92%/yr vs 7.16%/yr for RMM. At a 0.32 correlation, their price movements are largely independent.
Performance
RLTY vs. RMM - Performance Comparison
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Returns By Period
In the year-to-date period, RLTY achieves a 11.56% return, which is significantly higher than RMM's 10.47% return.
RLTY
- 1D
- -0.19%
- 1M
- 3.00%
- YTD
- 11.56%
- 6M
- 12.17%
- 1Y
- 14.01%
- 3Y*
- 14.92%
- 5Y*
- —
- 10Y*
- —
RMM
- 1D
- 0.00%
- 1M
- 1.46%
- YTD
- 10.47%
- 6M
- 8.96%
- 1Y
- 16.23%
- 3Y*
- 7.16%
- 5Y*
- 0.35%
- 10Y*
- —
RLTY vs. RMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RLTY Cohen & Steers Real Estate Opportunities & Income Fund | 11.56% | 8.56% | 15.40% | 14.05% | -28.45% |
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 10.47% | 2.01% | 9.25% | 5.93% | -12.01% |
Correlation
The correlation between RLTY and RMM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.32 |
Fundamentals
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Return for Risk
RLTY vs. RMM — Risk / Return Rank
RLTY
RMM
RLTY vs. RMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Opportunities & Income Fund (RLTY) 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.
| RLTY | RMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.00 | -0.82 |
| Martin ratioReturn relative to average drawdown | 3.92 | 6.98 | -3.06 |
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Drawdowns
RLTY vs. RMM - Drawdown Comparison
The maximum RLTY drawdown since its inception was -35.44%, roughly equal to the maximum RMM drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for RLTY and RMM.
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Drawdown Indicators
| RLTY | RMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.44% | -35.99% | +0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -7.90% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -20.81% | -20.16% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.29% | — |
Current DrawdownCurrent decline from peak | -0.19% | -5.03% | +4.84% |
Average DrawdownAverage peak-to-trough decline | -13.67% | -13.75% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 2.26% | +1.17% |
Volatility
RLTY vs. RMM - Volatility Comparison
Cohen & Steers Real Estate Opportunities & Income Fund (RLTY) has a higher volatility of 4.10% compared to Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) at 3.47%. This indicates that RLTY'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
| RLTY | RMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 3.47% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 9.25% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 11.01% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.69% | 14.48% | +8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 17.86% | +4.83% |
Dividends
RLTY vs. RMM - Dividend Comparison
RLTY's dividend yield for the trailing twelve months is around 8.40%, more than RMM's 7.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RLTY Cohen & Steers Real Estate Opportunities & Income Fund | 8.40% | 8.98% | 8.93% | 9.18% | 6.94% | 0.00% | 0.00% | 0.00% |
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 6.62% | 7.98% | 7.63% | 7.71% | 7.74% | 5.46% | 6.18% | 1.90% |
Financials
RLTY vs. RMM - Financials Comparison
This section allows you to compare key financial metrics between Cohen & Steers Real Estate Opportunities & Income Fund 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
RLTY and RMM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLTY has higher volatility (4.10%) compared to RMM (3.47%). In terms of maximum drawdown, RLTY dropped -35.44% vs RMM's -35.99%.
RMM currently has the higher Sharpe Ratio (1.43 vs 1.02), 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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