RMMZ vs VOO
RiverNorth Managed Duration Municipal Income Fund II, Inc vs Vanguard S&P 500 ETF
Which is better, RMMZ or VOO?
Municipal Bond against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y 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 | RMMZ | VOO |
|---|---|---|
| Expense Ratio | 6.81% | 0.03%Best |
| AUM | $131M | $997.4B |
| Dividend Yield | 6.39% | 1.04% |
| Holdings | 100 | 509 |
| YTD Return | +1.23% | +11.98%Best |
| 1Y Return | -0.65% | +16.45%Best |
| 3Y Return (annualized) | +4.17% | +21.19%Best |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 16.9% | 15.6%Best |
| Max Drawdown | -27.1% | -22.1%Best |
| $10,000 over 4.6 years | $10,369 | $18,434Best |
| Fund Family | RiverNorth | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Feb 10, 2022 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 11, 2022 to Sep 14, 2026 (4.6 years).
RMMZ vs VOO 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 4.6 years both funds cover.
RMMZ vs VOO Performance
RiverNorth Managed Duration Municipal Income Fund II, Inc (RMMZ) is an ETF from RiverNorth and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year RMMZ returned -0.65% while VOO returned +16.45%. Year to date, RMMZ is up 1.23% versus a gain of 11.98% for VOO.
Over three years, RMMZ compounded at +4.17% per year against +21.19% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMMZ has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 15.6% 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 -27.1% for RMMZ and -22.1% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RMMZ charges 6.81% per year while VOO charges 0.03%. On a $10,000 position that is $681 vs $3 annually, a gap of $678 per year that compounds over a long holding period. On income, RMMZ currently yields 6.39% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 52 holdings in RMMZ and 494 in VOO, totalling 114.4% 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 122 days apart, RMMZ as of Mar 31, 2026 and VOO as of Jul 31, 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 52 positions we hold weights for in RMMZ and 494 in VOO, against full books of 100 and 509.
You are not choosing between two funds in isolation.
Whichever of RMMZ and VOO 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, RMMZ or VOO?
RMMZ has an expense ratio of 6.81% while VOO charges 0.03%. VOO is the cheaper option, by $678 a year on a $10,000 investment.
Which performed better, RMMZ or VOO?
Over the past year RMMZ returned -0.65% vs +16.45% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RMMZ or VOO?
RMMZ has been the more volatile fund at 16.9% annualized versus 15.6% for VOO. Worst drawdown: RMMZ -27.1% vs VOO -22.1%.
Should I hold both RMMZ and VOO?
RMMZ and VOO have a monthly-return correlation of 0.67, 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, RMMZ or VOO?
RMMZ yields 6.39% while VOO yields 1.04%, so RMMZ currently pays the higher dividend yield.
Is VOO better than RMMZ?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.