Overview Performance Dividends ETFs Industry Correlations

7 Stock and 93 ETF RiverNorth Flexible Municipal Income Fund II (RFMZ) alternatives

The most close RiverNorth Flexible Municipal Income Fund II (RFMZ) alternative is ETF XLRI (STATE STREET(R) REAL ESTATE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF). The correlation is 0.8932.

Stocks that highly correlated with RFMZ

Symbol	Name	Market cap	Sector	Industry	Correlation
RMM	RiverNorth Managed Duration Municipal Income Fund Inc	$293M	Financial Services	Asset Management	0.88
RMMZ	RiverNorth Managed Duration Municipal Income Fund II Inc	$126M	Financial Services	Asset Management	0.84
BON	Bon Natural Life Ltd - Class A	$4.72M	Basic Materials	Specialty Chemicals	0.83
COF-P-K	Capital One Financial Corp	$11B	N/A	N/A	0.82
GUG	Guggenheim Active Allocation Fund	$536M	Financial Services	Asset Management	0.81
BAC-P-O	Bank Of America Corp	$123B	N/A	N/A	0.80
COF-P-J	Capital One Financial Corp	$11B	N/A	N/A	0.80

ETFs that highly correlated with RFMZ

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
XLRI	STATE STREET(R) REAL ESTATE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$2.60M	0.35%	Jul 29, 2025	0.89
CTEF	CASTELLAN TARGETED EQUITY ETF	$679M	0.45%	Jun 17, 2025	0.88
XMPT	VANECK CEF MUNI INCOME ETF	$221M	1.97%	Jul 12, 2011	0.87
VKQ	Invesco Municipal Trust	$562M	N/A	N/A	0.87
IQI	Invesco Quality Municipal Income Trust	$541M	N/A	N/A	0.87
RTAI	RAREVIEW TAX ADVANTAGED INCOME ETF	$18M	4.59%	Oct 20, 2020	0.87
OVM	OVERLAY SHARES MUNICIPAL BOND ETF	$43M	0.81%	Sep 30, 2019	0.86
VMO	Invesco Municipal Opportunity Trust	$681M	N/A	N/A	0.86
NEA	Nuveen AMT-Free Quality Municipal Income Fund	$3.50B	N/A	N/A	0.85
AFB	AllianceBernstein National Municipal Income Fund Inc	$353M	N/A	N/A	0.85
VGM	Invesco Trust for Investment Grade Municipals	$568M	N/A	N/A	0.85
HFEQ	UNLIMITED HFEQ EQUITY LONG/SHORT ETF	$17M	0.96%	Jul 14, 2025	0.85
MMU	Western Asset Managed Municipals Fund Inc	$604M	N/A	N/A	0.85
MYN	BlackRock MuniYield New York Quality Fund Inc	$1B	N/A	N/A	0.84
NAD	Nuveen Quality Municipal Income Fund	$2.80B	N/A	N/A	0.84
MHD	BlackRock MuniHoldings Fund Inc	$2.30B	N/A	N/A	0.84
VKI	Invesco Advantage Municipal Income Trust II	$397M	N/A	N/A	0.84
LEO	BNY Mellon Strategic Municipals Inc	$434M	N/A	N/A	0.84
NZF	Nuveen Municipal Credit Income Fund	$2.50B	N/A	N/A	0.84
NAC	Nuveen California Quality Municipal Income Fund	$1.90B	N/A	N/A	0.84
HYMB	STATE STREET(R) SPDR NUVEEN ICE HIGH YIELD MUNICIPAL BOND ETF	$3.10B	0.35%	Apr 13, 2011	0.84
FMHI	FIRST TRUST MUNICIPAL HIGH INCOME ETF	$995M	0.49%	Nov 1, 2017	0.84
JMHI	JPMORGAN HIGH YIELD MUNICIPAL ETF	$281M	0.35%	Sep 17, 2007	0.83
DSM	BNY Mellon Strategic Municipal Bond Fund Inc	$326M	N/A	N/A	0.83
BGIG	BAHL & GAYNOR INCOME GROWTH ETF	$2.20B	0.45%	Sep 14, 2023	0.83
HYGW	ISHARES HIGH YIELD CORPORATE BOND BUYWRITE STRATEGY ETF	$110M	0.69%	Aug 18, 2022	0.83
IROC	INVESCO ROCHESTER HIGH YIELD MUNICIPAL ETF	$130M	0.39%	Dec 9, 2022	0.83
MINO	PIMCO MUNICIPAL INCOME OPPORTUNITIES ACTIVE EXCHANGE-TRADED FUND	$720M	0.39%	Sep 8, 2021	0.83
RDFI	RAREVIEW DYNAMIC FIXED INCOME ETF	$83M	4.23%	Oct 20, 2020	0.83
NRK	Nuveen New York AMT-Free Quality Municipal Income Fund	$957M	N/A	N/A	0.83
NBH	Neuberger Berman Municipal Fund Inc	$333M	N/A	N/A	0.83
NAN	Nuveen New York Quality Municipal Income Fund	$375M	N/A	N/A	0.83
HYD	VANECK HIGH YIELD MUNI ETF	$4.50B	0.32%	Feb 4, 2009	0.83
MUC	BlackRock MuniHoldings California Quality Fund Inc	$1.50B	N/A	N/A	0.82
FMN	Federated Hermes Premier Municipal Income Fund	$98M	N/A	N/A	0.82
MYI	BlackRock MuniYield Quality Fund III Inc	$1.50B	N/A	N/A	0.82
FLMI	FRANKLIN DYNAMIC MUNICIPAL BOND ETF	$2.30B	0.30%	Aug 31, 2017	0.82
FMNY	FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF	$39M	0.49%	May 12, 2021	0.82
PFFD	GLOBAL X U.S. PREFERRED ETF	$2.20B	0.23%	Sep 11, 2017	0.82
SHYM	iShares High Yield Muni Income Active ETF	$786M	0.40%	Mar 16, 2021	0.82
NVG	Nuveen AMT-Free Municipal Credit Income Fund	$2.80B	N/A	N/A	0.82
FPFD	FIDELITY PREFERRED SECURITIES & INCOME ETF	$81M	0.59%	Jun 15, 2021	0.82
ESN	ESSENTIAL 40 STOCK ETF	$297M	0.70%	Jun 11, 2014	0.82
FMB	FIRST TRUST MANAGED MUNICIPAL ETF	$2.10B	0.39%	May 13, 2014	0.82
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	0.81
EIM	Eaton Vance Municipal Bond Fund	$543M	N/A	N/A	0.81
JDVL	JOHN HANCOCK DISCIPLINED VALUE SELECT ETF	$880M	0.56%	Aug 5, 2025	0.81
CEV	Eaton Vance California Municipal Income Trust	$78M	N/A	N/A	0.81
IYRI	NEOS REAL ESTATE HIGH INCOME ETF	$285M	0.68%	Jan 14, 2025	0.81
PFFL	ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN due September 25 2048	$4.50M	N/A	Sep 26, 2018	0.81
EVUS	ISHARES ESG AWARE MSCI USA VALUE ETF	$326M	0.18%	Jan 31, 2023	0.81
KTF	DWS Municipal Income Trust	$365M	N/A	N/A	0.81
MFM	MFS Municipal Income Trust	$464M	N/A	N/A	0.81
PSK	STATE STREET(R) SPDR(R) ICE PREFERRED SECURITIES ETF	$708M	0.45%	Sep 16, 2009	0.81
MQY	BlackRock MuniYield Quality Fund Inc	$1.90B	N/A	N/A	0.81
EAOM	ISHARES ESG AWARE 40/60 MODERATE ALLOCATION ETF	$8.60M	0.18%	Jun 12, 2020	0.81
YFYA	YIELDS FOR YOU INCOME STRATEGY A ETF	$23M	1.25%	Jan 30, 2025	0.81
VTN	Invesco Trust For Investment Grade New York Municipals	$161M	N/A	N/A	0.81
AVMU	AVANTIS CORE MUNICIPAL FIXED INCOME ETF	$169M	0.15%	Dec 10, 2020	0.81
PGX	INVESCO PREFERRED ETF	$3.90B	0.50%	Jan 31, 2008	0.81
IIM	Invesco Value Municipal Income Trust	$587M	N/A	N/A	0.81
PGF	INVESCO FINANCIAL PREFERRED ETF	$689M	0.55%	Dec 1, 2006	0.81
FCAL	FIRST TRUST CALIFORNIA MUNICIPAL HIGH INCOME ETF	$224M	0.49%	Jun 20, 2017	0.81
PCEF	INVESCO CEF INCOME COMPOSITE ETF	$831M	2.71%	Feb 19, 2010	0.81
XOEX	Xtrackers S&P 500 Value Scored & Screened ETF	$232M	0.15%	Nov 8, 2022	0.81
NMZ	Nuveen Municipal High Income Opportunity Fund	$2.30B	N/A	N/A	0.81
RVNU	XTRACKERS MUNICIPAL INFRASTRUCTURE REVENUE BOND ETF	$145M	0.15%	Jun 4, 2013	0.81
EPRF	Innovator S&P Investment Grade Preferred ETF	$69M	0.47%	May 23, 2016	0.81
PFF	ISHARES PREFERRED AND INCOME SECURITIES ETF	$13B	0.45%	Mar 26, 2007	0.80
FPF	First Trust Intermediate Duration Preferred & Income Fund	$1.20B	N/A	N/A	0.80
TAXF	AMERICAN CENTURY DIVERSIFIED MUNICIPAL BOND ETF	$681M	0.27%	Sep 10, 2018	0.80
MFSV	MFS ACTIVE VALUE ETF	$526M	0.44%	Dec 4, 2024	0.80
EAOR	ISHARES ESG AWARE 60/40 BALANCED ALLOCATION ETF	$33M	0.18%	Jun 12, 2020	0.80
MFLX	FIRST TRUST FLEXIBLE MUNICIPAL HIGH INCOME ETF	$20M	0.75%	Sep 27, 2016	0.80
MMD	MainStay MacKay DefinedTerm Municipal Opportunities Fund	$310M	N/A	N/A	0.80
BWG	BrandywineGLOBAL - Global Income Opportunities Fund Inc	$146M	N/A	N/A	0.80
VCV	Invesco California Value Municipal Income Trust	$503M	N/A	N/A	0.80
OVT	Overlay Shares Short Term Bond ETF	$61M	0.79%	Jan 14, 2021	0.80
PZT	INVESCO NEW YORK AMT-FREE MUNICIPAL BOND ETF	$139M	0.28%	Oct 11, 2007	0.80
MBND	STATE STREET(R) NUVEEN MUNICIPAL BOND ETF	$28M	0.40%	Feb 4, 2021	0.80
FALN	ISHARES FALLEN ANGELS USD BOND ETF	$1.60B	0.25%	Jun 14, 2016	0.80
KMAR	Innovator U.S. Small Cap Power Buffer ETF March	$34M	0.79%	Feb 28, 2025	0.80
BTZ	BlackRock Credit Allocation Income Trust	$1B	N/A	N/A	0.80
BGDV	BAHL & GAYNOR DIVIDEND ETF	$805M	0.45%	Dec 11, 2024	0.80
SBI	Western Asset Intermediate Muni Fund Inc	$119M	N/A	N/A	0.80
VCRM	VANGUARD CORE TAX-EXEMPT BOND ETF ETF SHARES	$1.70B	0.12%	Nov 21, 2024	0.80
YYY	AMPLIFY CEF HIGH INCOME ETF	$721M	3.23%	Jun 12, 2012	0.80
AOM	ISHARES CORE 40/60 MODERATE ALLOCATION ETF	$1.80B	0.15%	Nov 4, 2008	0.80
PREF	PRINCIPAL SPECTRUM PREFERRED SECURITIES ACTIVE ETF	$1.80B	0.55%	Jul 10, 2017	0.80
EAOK	ISHARES ESG AWARE 30/70 CONSERVATIVE ALLOCATION ETF	$8.50M	0.18%	Jun 12, 2020	0.80
EVN	Eaton Vance Municipal Income Trust	$435M	N/A	N/A	0.80
JMUB	JPMORGAN MUNICIPAL ETF	$8B	0.18%	Oct 29, 2018	0.80
HMOP	HARTFORD MUNICIPAL OPPORTUNITIES ETF	$783M	0.29%	Dec 13, 2017	0.80