RMI vs VOO
RiverNorth Opportunistic Municipal Income Fund, Inc. vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RMI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 3.34% | 0.03% | |
| AUM | $101M | $979.0B | |
| Dividend Yield | 6.81% | 1.09% | |
| Holdings | 100 | 509 | |
| YTD Return | +13.05% | +13.72% | |
| 1Y Return | +19.88% | +21.63% | |
| 3Y Return (annualized) | +6.45% | +21.55% | |
| 5Y Return (annualized) | -0.33% | +13.26% | |
| Volatility (annualized) | 15.7% | 14.1% | |
| Max Drawdown | -32.7% | -34.3% | |
| Fund Family | RiverNorth | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 25, 2018 | Sep 7, 2010 |
RMI vs VOO Performance
RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is a ETF from RiverNorth and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RMI returned +19.88% while VOO returned +21.63%. Year to date, RMI is up 13.05% versus a gain of 13.72% for VOO.
Over three years, RMI compounded at +6.45% per year against +21.55% for VOO; over five years the annualized figures are -0.33% and +13.26% respectively. Across the full 8-year window we track, VOO has the edge at +13.56% annualized vs +2.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMI has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.7% for RMI and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RMI charges 3.34% per year while VOO charges 0.03%. On a $10,000 position that is $334 vs $3 annually, a gap of $331 per year that compounds over a long holding period. On income, RMI currently yields 6.81% against 1.09% for VOO.
Holdings Overlap
RMI and VOO share 0 holdings out of 555 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RMI or VOO?
RMI has an expense ratio of 3.34% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $331 per year of difference.
Which performed better, RMI or VOO?
Over the past year RMI returned +19.88% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), RMI annualized +2.36% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, RMI or VOO?
RMI has been the more volatile fund at 15.7% annualized versus 14.1% for VOO. Worst drawdown: RMI -32.7% vs VOO -34.3%.
Should I hold both RMI and VOO?
RMI and VOO have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RMI and VOO?
RMI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, RMI or VOO?
RMI yields 6.81% while VOO yields 1.09%, so RMI currently pays the higher dividend yield.
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