Performance analysis of RiverNorth Opportunistic Municipal Income Fund (RMI)
Annual Return
Over the past 3 years, RMI has had an average annual return of +6.06%, underperforming the benchmark SPY, which returned +18.95% annual.
Over the past 5 years, RMI has had an average annual return of -0.51%, underperforming the benchmark SPY, which returned +12.38% annual.
Since Oct 26, 2018, RMI has had an average annual return of +3.82%, underperforming the benchmark SPY, which returned +15.87% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +12.22% | +2.66% | +6.29% | +0.19% | -21.33% | +14.82% | +0.62% | +19.25% | +0.55% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.68% | +7.87% | -5.15% | +1.87% | +1.81% | +0.91% | +0.11% | +12.22% | |||||
| 2025 | +4.59% | +1.31% | -4.71% | -3.38% | +2.42% | -1.59% | -1.43% | +0.32% | +5.79% | +1.26% | +0.93% | -2.35% | +2.66% |
| 2024 | +5.10% | +1.74% | +0.66% | -3.82% | +2.57% | +2.01% | +1.56% | -0.52% | +3.45% | -2.12% | +1.55% | -5.53% | +6.29% |
| 2023 | +10.70% | -6.54% | +0.72% | +1.11% | -6.50% | +5.24% | +2.26% | -3.32% | -9.64% | -4.15% | +12.34% | +0.47% | +0.19% |
| 2022 | -8.40% | -3.14% | -4.78% | -8.11% | +4.45% | +0.09% | +4.27% | -4.60% | -8.78% | -5.32% | +18.95% | -5.14% | -21.33% |
| 2021 | +1.61% | -2.04% | +4.13% | +2.05% | +3.02% | +1.47% | +2.32% | -0.34% | -0.94% | -4.68% | +3.70% | +4.01% | +14.82% |
| 2020 | +0.97% | -1.72% | -9.46% | -2.10% | +5.52% | +3.41% | +0.99% | -0.97% | -2.52% | -0.83% | +5.42% | +2.86% | +0.62% |
| 2019 | +0.16% | +3.17% | +2.01% | +0.83% | +3.35% | -0.37% | +4.05% | +3.55% | -2.10% | +0.14% | -1.16% | +4.38% | +19.25% |
| 2018 | +0.40% | +0.60% | -0.45% | +0.55% |
Drawdown analysis of RiverNorth Opportunistic Municipal Income Fund (RMI)
The maximum drawdown for the RMI was -32.75%, occurring on Oct 27, 2023. This drawdown has not yet recovered.
The current RMI drawdown is -3.66%.
Since Oct 26, 2018 RMI has experienced the following drawdowns:
- 30% or more: 1 time
- 20% or more: 2 times
- 10% or more: 2 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.75% | Aug 4, 2021 | 562 | Oct 27, 2023 | Ongoing | Ongoing | Ongoing |
| -28.63% | Feb 12, 2020 | 27 | Mar 23, 2020 | 224 | Feb 10, 2021 | 251 |
| -5.88% | Nov 9, 2018 | 5 | Nov 16, 2018 | 97 | Apr 10, 2019 | 102 |
| -5.09% | Sep 5, 2019 | 9 | Sep 18, 2019 | 70 | Dec 27, 2019 | 79 |
| -4.86% | Feb 10, 2021 | 8 | Feb 23, 2021 | 25 | Mar 30, 2021 | 33 |
| -2.97% | Jul 8, 2021 | 9 | Jul 21, 2021 | 8 | Aug 2, 2021 | 17 |
| -2.92% | May 17, 2019 | 4 | May 23, 2019 | 37 | Jul 17, 2019 | 41 |
| -1.77% | Apr 16, 2021 | 9 | Apr 29, 2021 | 6 | May 7, 2021 | 15 |
| -1.67% | Apr 22, 2019 | 1 | Apr 23, 2019 | 8 | May 3, 2019 | 9 |
| -1.35% | May 7, 2019 | 1 | May 8, 2019 | 5 | May 15, 2019 | 6 |
| -1.33% | Aug 14, 2019 | 1 | Aug 15, 2019 | 9 | Aug 28, 2019 | 10 |
| -1.32% | Jun 11, 2021 | 4 | Jun 17, 2021 | 7 | Jun 28, 2021 | 11 |
| -1.31% | May 11, 2021 | 9 | May 24, 2021 | 4 | May 28, 2021 | 13 |
| -1.05% | Jan 29, 2020 | 2 | Jan 31, 2020 | 6 | Feb 10, 2020 | 8 |
| -0.88% | Jul 17, 2019 | 2 | Jul 19, 2019 | 5 | Jul 26, 2019 | 7 |
| -0.88% | Aug 30, 2019 | 1 | Sep 3, 2019 | 2 | Sep 5, 2019 | 3 |
| -0.88% | Jun 28, 2021 | 2 | Jun 30, 2021 | 1 | Jul 1, 2021 | 3 |
| -0.75% | May 28, 2021 | 2 | Jun 2, 2021 | 1 | Jun 3, 2021 | 3 |
| -0.68% | Nov 6, 2018 | 1 | Nov 7, 2018 | 2 | Nov 9, 2018 | 3 |
| -0.65% | Jan 16, 2020 | 3 | Jan 22, 2020 | 4 | Jan 28, 2020 | 7 |
| -0.61% | Apr 11, 2019 | 5 | Apr 18, 2019 | 1 | Apr 22, 2019 | 6 |
| -0.40% | Jul 29, 2019 | 1 | Jul 30, 2019 | 1 | Jul 31, 2019 | 2 |
| -0.32% | Jul 2, 2021 | 2 | Jul 7, 2021 | 1 | Jul 8, 2021 | 3 |
| -0.31% | Aug 2, 2019 | 1 | Aug 5, 2019 | 3 | Aug 8, 2019 | 4 |
| -0.29% | Mar 30, 2021 | 1 | Mar 31, 2021 | 1 | Apr 1, 2021 | 2 |