RMMZ vs. MHF
Compare and contrast key facts about RiverNorth Managed Duration Municipal Income Fund II Inc. (RMMZ) and Western Asset Municipal High Income Fund Inc (MHF).
RMMZ is managed by RiverNorth. MHF is managed by Franklin Templeton. It was launched on Nov 28, 1988.
Performance
RMMZ vs. MHF - Performance Comparison
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RMMZ vs. MHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RMMZ RiverNorth Managed Duration Municipal Income Fund II Inc. | 3.01% | 4.99% | 2.72% | 11.22% | -12.90% |
MHF Western Asset Municipal High Income Fund Inc | 2.39% | 7.18% | 11.99% | 4.53% | -11.27% |
Returns By Period
In the year-to-date period, RMMZ achieves a 3.01% return, which is significantly higher than MHF's 2.39% return.
RMMZ
- 1D
- 0.00%
- 1M
- -1.11%
- YTD
- 3.01%
- 6M
- 1.64%
- 1Y
- 4.20%
- 3Y*
- 6.91%
- 5Y*
- —
- 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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RMMZ vs. MHF - Expense Ratio Comparison
Return for Risk
RMMZ vs. MHF — Risk / Return Rank
RMMZ
MHF
RMMZ vs. MHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Managed Duration Municipal Income Fund II Inc. (RMMZ) 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.
| RMMZ | MHF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | -0.04 | +0.43 |
Sortino ratioReturn per unit of downside risk | 0.62 | 0.05 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.01 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.46 | -0.08 | +0.54 |
Martin ratioReturn relative to average drawdown | 1.06 | -0.12 | +1.18 |
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
| RMMZ | MHF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | -0.04 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.31 | -0.21 |
Correlation
The correlation between RMMZ and MHF 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.
Dividends
RMMZ vs. MHF - Dividend Comparison
RMMZ's dividend yield for the trailing twelve months is around 7.65%, more than MHF's 5.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMMZ RiverNorth Managed Duration Municipal Income Fund II Inc. | 7.65% | 7.86% | 7.82% | 7.45% | 6.86% | 0.00% | 0.00% | 0.00% | 0.00% | 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
RMMZ vs. MHF - Drawdown Comparison
The maximum RMMZ drawdown since its inception was -27.15%, smaller than the maximum MHF drawdown of -29.95%. Use the drawdown chart below to compare losses from any high point for RMMZ and MHF.
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Drawdown Indicators
| RMMZ | MHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.15% | -29.95% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -10.06% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.72% | — |
Current DrawdownCurrent decline from peak | -2.19% | -5.89% | +3.70% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -6.35% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 6.54% | -2.86% |
Volatility
RMMZ vs. MHF - Volatility Comparison
RiverNorth Managed Duration Municipal Income Fund II Inc. (RMMZ) and Western Asset Municipal High Income Fund Inc (MHF) have volatilities of 4.93% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMMZ | MHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 4.84% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 8.53% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 15.07% | -4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 13.99% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 13.51% | +4.17% |