RMI vs. MHF
Compare and contrast key facts about RiverNorth Opportunistic Municipal Income Fund (RMI) and Western Asset Municipal High Income Fund Inc (MHF).
RMI is managed by RiverNorth. MHF is managed by Franklin Templeton. It was launched on Nov 28, 1988.
Performance
RMI vs. MHF - Performance Comparison
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RMI vs. MHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RMI RiverNorth Opportunistic Municipal Income Fund | 7.10% | 2.67% | 6.30% | 0.19% | -21.34% | 14.86% | 0.62% | 19.27% | 0.55% |
MHF Western Asset Municipal High Income Fund Inc | 2.39% | 7.18% | 11.99% | 4.53% | -17.68% | 10.42% | 3.00% | 13.93% | -0.99% |
Returns By Period
In the year-to-date period, RMI achieves a 7.10% return, which is significantly higher than MHF's 2.39% return.
RMI
- 1D
- 1.48%
- 1M
- -5.16%
- YTD
- 7.10%
- 6M
- 6.88%
- 1Y
- 8.91%
- 3Y*
- 3.97%
- 5Y*
- 0.35%
- 10Y*
- —
MHF
- 1D
- 4.20%
- 1M
- 0.22%
- YTD
- 2.39%
- 6M
- -1.14%
- 1Y
- -0.66%
- 3Y*
- 6.79%
- 5Y*
- 2.18%
- 10Y*
- 2.65%
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RMI vs. MHF - Expense Ratio Comparison
RMI has a 4.92% expense ratio, which is higher than MHF's 0.04% expense ratio.
Return for Risk
RMI vs. MHF — Risk / Return Rank
RMI
MHF
RMI vs. MHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Opportunistic Municipal Income Fund (RMI) and Western Asset Municipal High Income Fund Inc (MHF). 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.
| RMI | MHF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | -0.04 | +0.84 |
Sortino ratioReturn per unit of downside risk | 1.16 | 0.05 | +1.11 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.08 | +1.19 |
Martin ratioReturn relative to average drawdown | 2.83 | -0.12 | +2.95 |
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
| RMI | MHF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | -0.04 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.16 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.31 | -0.10 |
Correlation
The correlation between RMI and MHF is 0.22, 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
RMI vs. MHF - Dividend Comparison
RMI's dividend yield for the trailing twelve months is around 7.42%, more than MHF's 5.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMI RiverNorth Opportunistic Municipal Income Fund | 7.42% | 7.92% | 7.69% | 7.67% | 7.63% | 10.25% | 6.03% | 4.85% | 0.46% | 0.00% | 0.00% | 0.00% |
MHF Western Asset Municipal High Income Fund Inc | 5.88% | 5.93% | 5.65% | 3.78% | 3.72% | 3.23% | 3.75% | 4.02% | 4.42% | 4.14% | 4.53% | 4.45% |
Drawdowns
RMI vs. MHF - Drawdown Comparison
The maximum RMI drawdown since its inception was -32.73%, which is greater than MHF's maximum drawdown of -29.95%. Use the drawdown chart below to compare losses from any high point for RMI and MHF.
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Drawdown Indicators
| RMI | MHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -29.95% | -2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -10.06% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -26.72% | -6.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.72% | — |
Current DrawdownCurrent decline from peak | -8.00% | -5.89% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -6.35% | -4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 6.54% | -3.70% |
Volatility
RMI vs. MHF - Volatility Comparison
RiverNorth Opportunistic Municipal Income Fund (RMI) has a higher volatility of 5.52% compared to Western Asset Municipal High Income Fund Inc (MHF) at 4.84%. This indicates that RMI's price experiences larger fluctuations and is considered to be riskier than MHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMI | MHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 4.84% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 8.53% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 15.07% | -3.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 13.99% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 13.51% | +2.57% |