RMMZ vs VTI
RiverNorth Managed Duration Municipal Income Fund II, Inc vs Vanguard Morningstar Total Stock Market ETF
Which is better, RMMZ or VTI?
Municipal Bond against Large Cap Blend.
VTI has a lower expense ratio. VTI 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 | VTI |
|---|---|---|
| Expense Ratio | 6.81% | 0.03%Best |
| AUM | $131M | $666.9B |
| Dividend Yield | 6.39% | 1.03% |
| Holdings | 100 | 3,543 |
| YTD Return | +1.52% | +12.28%Best |
| 1Y Return | +0.56% | +16.78%Best |
| 3Y Return (annualized) | +4.36% | +20.89%Best |
| 5Y Return (annualized) | - | +11.94% |
| Volatility (annualized) | 16.8% | 15.9%Best |
| Max Drawdown | -27.1% | -22.4%Best |
| $10,000 over 4.6 years | $10,397 | $17,942Best |
| Fund Family | RiverNorth | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Feb 10, 2022 | May 24, 2001 |
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 17, 2026 (4.6 years).
RMMZ vs VTI 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 VTI Performance
RiverNorth Managed Duration Municipal Income Fund II, Inc (RMMZ) is an ETF from RiverNorth and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year RMMZ returned +0.56% while VTI returned +16.78%. Year to date, RMMZ is up 1.52% versus a gain of 12.28% for VTI.
Over three years, RMMZ compounded at +4.36% per year against +20.89% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMMZ has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 15.9% for VTI. 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 -22.4% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RMMZ charges 6.81% per year while VTI 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 1.03% for VTI.
Holdings Overlap
We hold position weights for 52 holdings in RMMZ and 3,463 in VTI, totalling 114.4% and 98.1% of the two funds. That is not enough of RMMZ to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
The two holdings books were reported 122 days apart, RMMZ as of Mar 31, 2026 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 52 positions we hold weights for in RMMZ and 3,463 in VTI, against full books of 100 and 3,543.
Top Shared Holdings
| Stock | Weight in RMMZ | Weight in VTI | Difference |
|---|---|---|---|
| MHDBlackrock Muniholdings Fund | 7.59% | 0.00% | 7.59% |
You are not choosing between two funds in isolation.
Whichever of RMMZ and VTI 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 VTI?
RMMZ has an expense ratio of 6.81% while VTI charges 0.03%. VTI is the cheaper option, by $678 a year on a $10,000 investment.
Which performed better, RMMZ or VTI?
Over the past year RMMZ returned +0.56% vs +16.78% for VTI, so VTI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RMMZ or VTI?
RMMZ has been the more volatile fund at 16.8% annualized versus 15.9% for VTI. Worst drawdown: RMMZ -27.1% vs VTI -22.4%.
Should I hold both RMMZ and VTI?
RMMZ and VTI have a monthly-return correlation of 0.68, 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 VTI?
RMMZ yields 6.39% while VTI yields 1.03%, so RMMZ currently pays the higher dividend yield.
Is VTI better than RMMZ?
VTI has a lower expense ratio. VTI 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.