RMM vs. VKI
Compare and contrast key facts about Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) and Invesco Advantage Municipal Income Trust II (VKI).
Performance
RMM vs. VKI - Performance Comparison
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RMM vs. VKI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 1.93% | 2.01% | 9.25% | 5.93% | -23.45% | 19.66% | -2.15% | -1.45% |
VKI Invesco Advantage Municipal Income Trust II | -3.31% | 12.79% | 10.19% | 3.06% | -25.51% | 12.59% | 6.75% | 0.23% |
Fundamentals
Returns By Period
In the year-to-date period, RMM achieves a 1.93% return, which is significantly higher than VKI's -3.31% return.
RMM
- 1D
- 1.41%
- 1M
- -5.57%
- YTD
- 1.93%
- 6M
- 0.03%
- 1Y
- 2.76%
- 3Y*
- 4.15%
- 5Y*
- 0.58%
- 10Y*
- —
VKI
- 1D
- 3.84%
- 1M
- -6.82%
- YTD
- -3.31%
- 6M
- 2.46%
- 1Y
- 9.50%
- 3Y*
- 5.67%
- 5Y*
- -0.38%
- 10Y*
- 2.03%
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Return for Risk
RMM vs. VKI — Risk / Return Rank
RMM
VKI
RMM vs. VKI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) and Invesco Advantage Municipal Income Trust II (VKI). 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.
| RMM | VKI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 0.73 | -0.48 |
Sortino ratioReturn per unit of downside risk | 0.40 | 1.07 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.15 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.78 | -0.51 |
Martin ratioReturn relative to average drawdown | 0.74 | 3.25 | -2.51 |
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
| RMM | VKI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.73 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.03 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.31 | -0.26 |
Correlation
The correlation between RMM and VKI is 0.37, 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
RMM vs. VKI - Dividend Comparison
RMM's dividend yield for the trailing twelve months is around 7.84%, more than VKI's 7.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 7.84% | 7.98% | 7.63% | 7.71% | 7.74% | 5.46% | 6.18% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% |
VKI Invesco Advantage Municipal Income Trust II | 7.75% | 7.36% | 6.43% | 4.61% | 6.04% | 4.77% | 4.72% | 4.91% | 6.25% | 5.77% | 6.61% | 6.62% |
Drawdowns
RMM vs. VKI - Drawdown Comparison
The maximum RMM drawdown since its inception was -35.99%, smaller than the maximum VKI drawdown of -52.22%. Use the drawdown chart below to compare losses from any high point for RMM and VKI.
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Drawdown Indicators
| RMM | VKI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -52.22% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -12.39% | +2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -33.29% | -38.36% | +5.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.36% | — |
Current DrawdownCurrent decline from peak | -12.37% | -11.65% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -8.82% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.96% | +0.48% |
Volatility
RMM vs. VKI - Volatility Comparison
The current volatility for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is 4.68%, while Invesco Advantage Municipal Income Trust II (VKI) has a volatility of 7.62%. This indicates that RMM experiences smaller price fluctuations and is considered to be less risky than VKI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMM | VKI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 7.62% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 9.57% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.39% | 13.11% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 12.87% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 13.00% | +4.96% |
Financials
RMM vs. VKI - Financials Comparison
This section allows you to compare key financial metrics between Rivernorth Managed Duration Municipal Income Fund Inc. and Invesco Advantage Municipal Income Trust II. 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