VKI vs. RMM
VKI (Invesco Advantage Municipal Income Trust II) and RMM (Rivernorth Managed Duration Municipal Income Fund Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, VKI returned -0.52%/yr vs 0.41%/yr for RMM. At a 0.37 correlation, their price movements are largely independent.
Performance
VKI vs. RMM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VKI achieves a 0.05% return, which is significantly lower than RMM's 10.17% return.
VKI
- 1D
- -0.56%
- 1M
- 2.95%
- YTD
- 0.05%
- 6M
- 5.48%
- 1Y
- 16.44%
- 3Y*
- 8.95%
- 5Y*
- -0.52%
- 10Y*
- 1.91%
RMM
- 1D
- 0.41%
- 1M
- 4.91%
- YTD
- 10.17%
- 6M
- 8.42%
- 1Y
- 14.56%
- 3Y*
- 5.45%
- 5Y*
- 0.41%
- 10Y*
- —
VKI vs. RMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VKI Invesco Advantage Municipal Income Trust II | 0.05% | 12.79% | 10.19% | 3.06% | -25.51% | 12.59% | 6.75% | 0.23% |
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 10.17% | 2.01% | 9.25% | 5.93% | -23.45% | 19.66% | -2.15% | -1.45% |
Correlation
The correlation between VKI and RMM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2019 | 0.37 |
The correlation between VKI and RMM shifts across timeframes, from 0.37 (all time) to 0.48 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VKI vs. RMM — Risk / Return Rank
VKI
RMM
VKI vs. RMM - Risk-Adjusted Trends 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.
| VKI | RMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.85 | -0.52 |
| Martin ratioReturn relative to average drawdown | 4.75 | 6.46 | -1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VKI | RMM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.34 | 0.00 |
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 | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.11 | +0.20 |
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.
Loading charts...
Drawdown Indicators
| VKI | RMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.22% | -35.99% | -16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.39% | -7.90% | -4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.37% | -20.16% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -38.36% | -33.29% | -5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.36% | — | — |
Current DrawdownCurrent decline from peak | -8.58% | -5.29% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -13.79% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.28% | +1.19% |
Volatility
VKI vs. RMM - Volatility Comparison
Invesco Advantage Municipal Income Trust II (VKI) and Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) have volatilities of 4.35% and 4.25%, 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.
Loading charts...
Volatility by Period
| VKI | RMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 4.25% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 9.16% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 10.95% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 14.48% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.10% | 17.89% | -4.79% |
Dividends
VKI vs. RMM - Dividend Comparison
VKI's dividend yield for the trailing twelve months is around 7.58%, more than RMM's 7.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMM Rivernorth Managed Duration Municipal Income Fund Inc. | 7.26% | 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 | 7.58% | 7.36% | 6.43% | 4.61% | 6.04% | 4.77% | 4.72% | 4.91% | 6.25% | 5.77% | 6.61% | 6.62% |
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
Frequently Asked Questions
VKI and RMM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VKI has higher volatility (4.35%) compared to RMM (4.25%). In terms of maximum drawdown, VKI dropped -52.22% vs RMM's -35.99%.
VKI currently has the higher Sharpe Ratio (1.34 vs 1.34), 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.
Find the right allocation for VKI and RMM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer