Performance analysis of RiverNorth Flexible Municipal Income Fund (RFM)
Annual Return
Over the past 3 years, RFM has had an average annual return of +5.06%, underperforming the benchmark SPY, which returned +18.97% annual.
Over the past 5 years, RFM has had an average annual return of -1.92%, underperforming the benchmark SPY, which returned +12.38% annual.
Since Mar 27, 2020, RFM has had an average annual return of +3.01%, underperforming the benchmark SPY, which returned +20.05% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +9.55% | +1.55% | +3.26% | +6.51% | -22.81% | +10.78% | +15.31% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.98% | +1.89% | -3.45% | +2.98% | +1.83% | +2.30% | -0.17% | +9.55% | |||||
| 2025 | +4.09% | +1.76% | -4.41% | -4.36% | +1.45% | -0.76% | -0.77% | +0.96% | +5.54% | +0.45% | -1.59% | -0.33% | +1.55% |
| 2024 | +1.07% | +2.29% | +3.52% | -2.30% | +1.87% | +1.84% | -1.57% | +1.17% | +2.83% | -2.28% | +1.75% | -6.49% | +3.26% |
| 2023 | +5.62% | -2.52% | -2.27% | -0.03% | -1.51% | +6.27% | +3.01% | -4.39% | -6.97% | -7.75% | +13.82% | +5.14% | +6.51% |
| 2022 | -6.11% | -1.83% | -6.53% | -6.96% | +3.59% | -4.99% | +5.07% | -2.17% | -7.71% | -4.96% | +16.46% | -6.81% | -22.81% |
| 2021 | +1.03% | -2.72% | +4.17% | +5.19% | +4.36% | -1.04% | +3.15% | -0.82% | -1.99% | -2.18% | +0.80% | +0.73% | +10.78% |
| 2020 | +0.10% | +0.43% | -0.03% | -1.30% | +1.95% | +2.17% | +1.06% | -0.99% | +4.99% | +6.25% | +15.31% |
Drawdown analysis of RiverNorth Flexible Municipal Income Fund (RFM)
The maximum drawdown for the RFM was -35.49%, occurring on Oct 27, 2023. This drawdown has not yet recovered.
The current RFM drawdown is -10.08%.
Since Mar 27, 2020 RFM has experienced the following drawdowns:
- 30% or more: 1 time
- 20% or more: 1 time
- 10% or more: 2 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.49% | Aug 11, 2021 | 557 | Oct 27, 2023 | Ongoing | Ongoing | Ongoing |
| -10.06% | Feb 9, 2021 | 11 | Feb 25, 2021 | 35 | Apr 16, 2021 | 46 |
| -6.80% | Apr 28, 2020 | 15 | May 19, 2020 | 43 | Jul 21, 2020 | 58 |
| -3.40% | Jun 14, 2021 | 9 | Jun 25, 2021 | 10 | Jul 12, 2021 | 19 |
| -3.26% | Aug 13, 2020 | 29 | Sep 24, 2020 | 32 | Nov 9, 2020 | 61 |
| -2.25% | Jan 8, 2021 | 4 | Jan 14, 2021 | 11 | Feb 1, 2021 | 15 |
| -2.17% | Dec 10, 2020 | 6 | Dec 18, 2020 | 6 | Dec 29, 2020 | 12 |
| -1.99% | Apr 16, 2021 | 2 | Apr 20, 2021 | 10 | May 4, 2021 | 12 |
| -1.67% | May 7, 2021 | 4 | May 13, 2021 | 2 | May 17, 2021 | 6 |
| -1.47% | Jul 22, 2021 | 9 | Aug 4, 2021 | 5 | Aug 11, 2021 | 14 |
| -1.28% | Dec 30, 2020 | 2 | Jan 4, 2021 | 4 | Jan 8, 2021 | 6 |
| -1.14% | Nov 17, 2020 | 2 | Nov 19, 2020 | 6 | Nov 30, 2020 | 8 |
| -0.99% | May 27, 2021 | 7 | Jun 8, 2021 | 3 | Jun 11, 2021 | 10 |
| -0.68% | Jul 28, 2020 | 3 | Jul 31, 2020 | 4 | Aug 6, 2020 | 7 |
| -0.50% | Apr 9, 2020 | 1 | Apr 13, 2020 | 3 | Apr 16, 2020 | 4 |
| -0.47% | Apr 16, 2020 | 2 | Apr 20, 2020 | 5 | Apr 27, 2020 | 7 |
| -0.43% | Nov 12, 2020 | 1 | Nov 13, 2020 | 2 | Nov 17, 2020 | 3 |
| -0.41% | Jul 15, 2021 | 2 | Jul 19, 2021 | 3 | Jul 22, 2021 | 5 |
| -0.40% | Jul 21, 2020 | 2 | Jul 23, 2020 | 3 | Jul 28, 2020 | 5 |
| -0.34% | May 5, 2021 | 1 | May 6, 2021 | 1 | May 7, 2021 | 2 |
| -0.30% | May 17, 2021 | 1 | May 18, 2021 | 3 | May 21, 2021 | 4 |
| -0.19% | Aug 10, 2020 | 1 | Aug 11, 2020 | 1 | Aug 12, 2020 | 2 |
| -0.16% | May 21, 2021 | 1 | May 24, 2021 | 1 | May 25, 2021 | 2 |
| -0.10% | Mar 30, 2020 | 2 | Apr 1, 2020 | 6 | Apr 9, 2020 | 8 |
| -0.09% | Nov 9, 2020 | 2 | Nov 11, 2020 | 1 | Nov 12, 2020 | 3 |