RMM vs VXUS
RiverNorth Managed Duration Municipal Income Fund, Inc. vs Vanguard Total International Stock ETF
Quick Verdict
VXUS has a lower expense ratio. VXUS delivered stronger 1-year returns. VXUS offers more diversification with 7861 holdings.
Side-by-Side Comparison
| Metric | RMM | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 6.83% | 0.05% | |
| AUM | $296M | $156.5B | |
| Dividend Yield | 6.84% | 2.60% | |
| Holdings | 112 | 8,747 | |
| YTD Return | +10.55% | +14.19% | |
| 1Y Return | +12.97% | +27.38% | |
| 3Y Return (annualized) | +5.53% | +19.53% | |
| 5Y Return (annualized) | -0.55% | +9.03% | |
| Volatility (annualized) | 35.2% | 15.1% | |
| Max Drawdown | -83.8% | -39.9% | |
| Fund Family | RiverNorth | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jul 25, 2019 | Jan 26, 2011 |
RMM vs VXUS Performance
RiverNorth Managed Duration Municipal Income Fund, Inc. (RMM) is a ETF from RiverNorth and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year RMM returned +12.97% while VXUS returned +27.38%. Year to date, RMM is up 10.55% versus a gain of 14.19% for VXUS.
Over three years, RMM compounded at +5.53% per year against +19.53% for VXUS; over five years the annualized figures are -0.55% and +9.03% respectively. Across the full 16-year window we track, VXUS has the edge at +4.83% annualized vs -6.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMM has been the more volatile fund, with annualized monthly volatility of 35.2% compared with 15.1% for VXUS. 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 -83.8% for RMM and -39.9% for VXUS. 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RMM charges 6.83% per year while VXUS charges 0.05%. On a $10,000 position that is $683 vs $5 annually, a gap of $678 per year that compounds over a long holding period. On income, RMM currently yields 6.84% against 2.60% for VXUS.
Holdings Overlap
RMM and VXUS share 0 holdings out of 7919 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, RMM or VXUS?
RMM has an expense ratio of 6.83% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $678 per year of difference.
Which performed better, RMM or VXUS?
Over the past year RMM returned +12.97% vs +27.38% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (16 years), RMM annualized -6.40% vs +4.83% for VXUS. Past performance does not guarantee future results.
Which is riskier, RMM or VXUS?
RMM has been the more volatile fund at 35.2% annualized versus 15.1% for VXUS. Worst drawdown: RMM -83.8% vs VXUS -39.9%.
Should I hold both RMM and VXUS?
RMM and VXUS have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RMM and VXUS?
RMM and VXUS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 7919 unique securities.
Which pays a higher dividend, RMM or VXUS?
RMM yields 6.84% while VXUS yields 2.60%, so RMM currently pays the higher dividend yield.
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