Performance analysis of RiverNorth Flexible Municipal Income Fund II (RFMZ)
Annual Return
Over the past 3 years, RFMZ has had an average annual return of +6.26%, underperforming the benchmark SPY, which returned +19.63% annual.
Over the past 5 years, RFMZ has had an average annual return of -1.69%, underperforming the benchmark SPY, which returned +12.73% annual.
Since Feb 24, 2021, RFMZ has had an average annual return of -0.13%, underperforming the benchmark SPY, which returned +14.28% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +10.70% | +2.20% | +10.10% | +4.52% | -26.39% | +3.62% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.04% | +1.30% | -3.42% | +3.33% | +2.31% | +3.80% | -0.89% | +10.70% | |||||
| 2025 | +5.12% | +1.51% | -4.38% | -4.49% | +0.34% | +0.29% | -0.60% | +1.16% | +4.75% | +1.20% | -2.03% | -0.20% | +2.20% |
| 2024 | +5.47% | +2.38% | +1.03% | -3.24% | +2.41% | +3.62% | +2.54% | -0.66% | +2.51% | -2.84% | +2.10% | -5.11% | +10.10% |
| 2023 | +7.60% | -3.42% | -2.17% | -0.43% | +0.35% | +8.62% | -1.07% | -2.23% | -9.75% | -5.34% | +13.63% | +0.89% | +4.52% |
| 2022 | -8.93% | -3.99% | -4.05% | -7.99% | +3.33% | -4.97% | +4.15% | -2.71% | -8.33% | -2.56% | +10.05% | -2.48% | -26.39% |
| 2021 | +1.35% | -1.28% | +0.90% | +1.85% | +0.63% | +2.01% | +4.01% | -5.12% | -0.06% | +0.99% | -1.44% | +3.62% |
Drawdown analysis of RiverNorth Flexible Municipal Income Fund II (RFMZ)
The maximum drawdown for the RFMZ was -39.26%, occurring on Oct 27, 2023. This drawdown has not yet recovered.
The current RFMZ drawdown is -11.20%.
Since Feb 24, 2021 RFMZ has experienced the following drawdowns:
- 30% or more: 1 time
- 20% or more: 1 time
- 10% or more: 1 time
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.26% | Sep 1, 2021 | 542 | Oct 27, 2023 | Ongoing | Ongoing | Ongoing |
| -2.73% | Jul 22, 2021 | 3 | Jul 27, 2021 | 11 | Aug 11, 2021 | 14 |
| -2.02% | Jun 14, 2021 | 8 | Jun 24, 2021 | 8 | Jul 7, 2021 | 16 |
| -1.72% | Mar 1, 2021 | 7 | Mar 10, 2021 | 41 | May 7, 2021 | 48 |
| -1.57% | May 10, 2021 | 2 | May 12, 2021 | 5 | May 19, 2021 | 7 |
| -1.55% | Jul 14, 2021 | 3 | Jul 19, 2021 | 3 | Jul 22, 2021 | 6 |
| -1.16% | Aug 24, 2021 | 2 | Aug 26, 2021 | 4 | Sep 1, 2021 | 6 |
| -1.12% | Aug 16, 2021 | 3 | Aug 19, 2021 | 3 | Aug 24, 2021 | 6 |
| -0.89% | May 19, 2021 | 1 | May 20, 2021 | 4 | May 26, 2021 | 5 |
| -0.49% | May 26, 2021 | 1 | May 27, 2021 | 1 | May 28, 2021 | 2 |
| -0.34% | Jun 9, 2021 | 1 | Jun 10, 2021 | 2 | Jun 14, 2021 | 3 |
| -0.24% | Jun 1, 2021 | 3 | Jun 4, 2021 | 1 | Jun 7, 2021 | 4 |
| -0.14% | Jul 12, 2021 | 1 | Jul 13, 2021 | 1 | Jul 14, 2021 | 2 |