RMM vs. JRS
RMM (Rivernorth Managed Duration Municipal Income Fund Inc.) and JRS (Nuveen Real Estate Income Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, RMM returned 0.35%/yr vs 2.51%/yr for JRS. At a 0.30 correlation, their price movements are largely independent.
Performance
RMM vs. JRS - Performance Comparison
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Returns By Period
In the year-to-date period, RMM achieves a 10.47% return, which is significantly lower than JRS's 13.72% return.
RMM
- 1D
- 0.00%
- 1M
- 1.70%
- YTD
- 10.47%
- 6M
- 8.96%
- 1Y
- 15.72%
- 3Y*
- 7.16%
- 5Y*
- 0.35%
- 10Y*
- —
JRS
- 1D
- 0.23%
- 1M
- 3.52%
- YTD
- 13.72%
- 6M
- 14.62%
- 1Y
- 15.37%
- 3Y*
- 14.20%
- 5Y*
- 2.51%
- 10Y*
- 5.70%
RMM vs. JRS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 10.47% | 2.01% | 9.25% | 5.93% | -23.45% | 19.66% | -2.15% | -1.00% |
JRS Nuveen Real Estate Income Fund | 13.72% | -3.38% | 19.74% | 13.42% | -35.61% | 62.86% | -12.66% | 3.23% |
Correlation
The correlation between RMM and JRS 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 (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.30 |
Fundamentals
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Return for Risk
RMM vs. JRS — Risk / Return Rank
RMM
JRS
RMM vs. JRS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) and Nuveen Real Estate Income Fund (JRS). 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.
| RMM | JRS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.39 | +0.61 |
| Martin ratioReturn relative to average drawdown | 6.98 | 4.52 | +2.46 |
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Drawdowns
RMM vs. JRS - Drawdown Comparison
The maximum RMM drawdown since its inception was -35.99%, smaller than the maximum JRS drawdown of -87.80%. Use the drawdown chart below to compare losses from any high point for RMM and JRS.
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Drawdown Indicators
| RMM | JRS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -87.80% | +51.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -11.10% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -25.33% | +5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -33.29% | -45.57% | +12.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.64% | — |
Current DrawdownCurrent decline from peak | -5.03% | -3.91% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -13.75% | -19.05% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 3.42% | -1.16% |
Volatility
RMM vs. JRS - Volatility Comparison
The current volatility for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is 3.47%, while Nuveen Real Estate Income Fund (JRS) has a volatility of 5.26%. This indicates that RMM experiences smaller price fluctuations and is considered to be less risky than JRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMM | JRS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 5.26% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 11.27% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.01% | 14.52% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 21.93% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 24.32% | -6.46% |
Dividends
RMM vs. JRS - Dividend Comparison
RMM's dividend yield for the trailing twelve months is around 7.24%, less than JRS's 7.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JRS Nuveen Real Estate Income Fund | 7.98% | 8.88% | 7.88% | 8.70% | 11.06% | 5.93% | 9.00% | 7.16% | 9.99% | 8.88% | 9.10% | 9.04% |
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 7.24% | 7.98% | 7.63% | 7.71% | 7.74% | 5.46% | 6.18% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
RMM vs. JRS - Financials Comparison
This section allows you to compare key financial metrics between Rivernorth Managed Duration Municipal Income Fund Inc. and Nuveen Real Estate Income Fund. 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
RMM and JRS 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.
JRS has higher volatility (5.26%) compared to RMM (3.47%). In terms of maximum drawdown, RMM dropped -35.99% vs JRS's -87.80%.
RMM currently has the higher Sharpe Ratio (1.43 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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