RMM vs VYM
RiverNorth Managed Duration Municipal Income Fund, Inc. vs Vanguard High Dividend Yield ETF
Which is better, RMM or VYM?
Municipal Bond against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RMM | VYM |
|---|---|---|
| Expense Ratio | 6.83% | 0.04%Best |
| AUM | $291M | $81.6B |
| Dividend Yield | 7.01% | 2.22% |
| Holdings | 112 | 613 |
| YTD Return | +5.55% | +13.15%Best |
| 1Y Return | +7.30% | +17.82%Best |
| 3Y Return (annualized) | +4.11% | +17.99%Best |
| 5Y Return (annualized) | -1.19% | +12.16%Best |
| Volatility (annualized) | 35.0% | 14.8%Best |
| Max Drawdown | -83.8% | -57.3%Best |
| $10,000 over 5 years | $9,419 | $17,750Best |
| Fund Family | RiverNorth | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Value |
| Inception | Jul 25, 2019 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 8, 2007 to Sep 10, 2026 (18.8 years).
RMM vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 18.8 years both funds cover.
RMM vs VYM Performance
RiverNorth Managed Duration Municipal Income Fund, Inc. (RMM) is an ETF from RiverNorth and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year RMM returned +7.30% while VYM returned +17.82%. Year to date, RMM is up 5.55% versus a gain of 13.15% for VYM.
Over three years, RMM compounded at +4.11% per year against +17.99% for VYM; over five years the annualized figures are -1.19% and +12.16% respectively. Across the full 19-year window we track, VYM has the edge at +7.13% annualized vs -6.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMM has been the more volatile fund, with annualized monthly volatility of 35.0% compared with 14.8% for VYM. 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 -57.3% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RMM charges 6.83% per year while VYM charges 0.04%. On a $10,000 position that is $683 vs $4 annually, a gap of $679 per year that compounds over a long holding period. On income, RMM currently yields 7.01% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 58 holdings in RMM and 603 in VYM, totalling 123.9% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 91 days apart, RMM as of Mar 31, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 58 positions we hold weights for in RMM and 603 in VYM, against full books of 112 and 613.
You are not choosing between two funds in isolation.
Whichever of RMM and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RMM or VYM?
RMM has an expense ratio of 6.83% while VYM charges 0.04%. VYM is the cheaper option, by $679 a year on a $10,000 investment.
Which performed better, RMM or VYM?
Over the past year RMM returned +7.30% vs +17.82% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), RMM annualized -6.60% vs +7.13% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RMM or VYM?
RMM has been the more volatile fund at 35.0% annualized versus 14.8% for VYM. Worst drawdown: RMM -83.8% vs VYM -57.3%.
Should I hold both RMM and VYM?
RMM and VYM have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, RMM or VYM?
RMM yields 7.01% while VYM yields 2.22%, so RMM currently pays the higher dividend yield.
Is VYM better than RMM?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.