VKI vs. RMM
Compare and contrast key facts about Invesco Advantage Municipal Income Trust II (VKI) and Rivernorth Managed Duration Municipal Income Fund Inc. (RMM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VKI or RMM.
Correlation
The correlation between VKI and RMM is 0.36, 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
VKI vs. RMM - Performance Comparison
Key characteristics
VKI:
1.16
RMM:
0.70
VKI:
1.75
RMM:
1.03
VKI:
1.22
RMM:
1.12
VKI:
0.42
RMM:
0.36
VKI:
4.62
RMM:
1.97
VKI:
2.56%
RMM:
3.51%
VKI:
10.21%
RMM:
9.78%
VKI:
-52.22%
RMM:
-35.99%
VKI:
-15.86%
RMM:
-10.07%
Fundamentals
VKI:
$399.21M
RMM:
$299.84M
VKI:
$0.86
RMM:
$1.28
VKI:
10.45
RMM:
11.87
Returns By Period
In the year-to-date period, VKI achieves a 3.82% return, which is significantly lower than RMM's 6.67% return.
VKI
3.82%
2.81%
3.34%
11.95%
0.40%
3.02%
RMM
6.67%
2.57%
1.55%
7.19%
0.44%
N/A
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Risk-Adjusted Performance
VKI vs. RMM — Risk-Adjusted Performance Rank
VKI
RMM
VKI vs. RMM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Advantage Municipal Income Trust II (VKI) and Rivernorth Managed Duration Municipal Income Fund Inc. (RMM). 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.
Dividends
VKI vs. RMM - Dividend Comparison
VKI's dividend yield for the trailing twelve months is around 6.80%, less than RMM's 7.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VKI Invesco Advantage Municipal Income Trust II | 6.80% | 6.44% | 4.62% | 6.04% | 4.81% | 4.74% | 4.91% | 6.26% | 5.80% | 6.62% | 6.62% | 6.64% |
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 7.25% | 7.66% | 7.70% | 7.75% | 5.48% | 6.20% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VKI vs. RMM - Drawdown Comparison
The maximum VKI drawdown since its inception was -52.22%, which is greater than RMM's maximum drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for VKI and RMM. For additional features, visit the drawdowns tool.
Volatility
VKI vs. RMM - Volatility Comparison
The current volatility for Invesco Advantage Municipal Income Trust II (VKI) is 1.91%, while Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) has a volatility of 2.31%. This indicates that VKI experiences smaller price fluctuations and is considered to be less risky than RMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
VKI vs. RMM - Financials Comparison
This section allows you to compare key financial metrics between Invesco Advantage Municipal Income Trust II and Rivernorth Managed Duration Municipal Income Fund Inc.. 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