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).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMM or VKI.
Correlation
The correlation between RMM and VKI is 0.23, 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.
Performance
RMM vs. VKI - Performance Comparison
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Key characteristics
RMM:
-0.03
VKI:
0.41
RMM:
0.02
VKI:
0.55
RMM:
1.00
VKI:
1.07
RMM:
-0.02
VKI:
0.16
RMM:
-0.07
VKI:
1.11
RMM:
6.29%
VKI:
3.61%
RMM:
11.38%
VKI:
12.29%
RMM:
-35.99%
VKI:
-52.23%
RMM:
-17.36%
VKI:
-21.60%
Fundamentals
RMM:
$270.04M
VKI:
$363.69M
RMM:
$0.79
VKI:
$0.33
RMM:
17.32
VKI:
24.82
RMM:
14.40
VKI:
11.36
RMM:
0.85
VKI:
0.94
Returns By Period
In the year-to-date period, RMM achieves a -1.99% return, which is significantly higher than VKI's -3.23% return.
RMM
-1.99%
4.75%
-6.80%
-0.30%
4.20%
3.15%
N/A
VKI
-3.23%
2.13%
-4.69%
5.01%
2.59%
1.19%
2.42%
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Risk-Adjusted Performance
RMM vs. VKI — Risk-Adjusted Performance Rank
RMM
VKI
RMM vs. VKI - Risk-Adjusted Performance 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.
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Dividends
RMM vs. VKI - Dividend Comparison
RMM's dividend yield for the trailing twelve months is around 8.03%, less than VKI's 8.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 8.03% | 7.66% | 7.70% | 7.75% | 5.48% | 6.20% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VKI Invesco Advantage Municipal Income Trust II | 8.19% | 6.43% | 4.61% | 6.04% | 4.77% | 4.72% | 4.91% | 6.25% | 5.77% | 6.61% | 6.62% | 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 -52.23%. Use the drawdown chart below to compare losses from any high point for RMM and VKI. For additional features, visit the drawdowns tool.
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Volatility
RMM vs. VKI - Volatility Comparison
The current volatility for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is 3.00%, while Invesco Advantage Municipal Income Trust II (VKI) has a volatility of 3.24%. 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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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