RMMZ vs VXUS
RiverNorth Managed Duration Municipal Income Fund II, 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 8,747 holdings.
Side-by-Side Comparison
| Metric | RMMZ | VXUS | Winner |
|---|---|---|---|
| Expense Ratio | 6.81% | 0.05% | |
| AUM | $135M | $158.1B | |
| Dividend Yield | 5.75% | 2.59% | |
| Holdings | 100 | 8,747 | |
| YTD Return | +5.57% | +14.33% | |
| 1Y Return | +7.49% | +25.32% | |
| 3Y Return (annualized) | +4.93% | +20.47% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 16.8% | 15.1% | |
| Max Drawdown | -27.1% | -39.9% | |
| Fund Family | RiverNorth | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Feb 10, 2022 | Jan 26, 2011 |
RMMZ vs VXUS Performance
RiverNorth Managed Duration Municipal Income Fund II, Inc (RMMZ) is a ETF from RiverNorth and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Over the past year RMMZ returned +7.49% while VXUS returned +25.32%. Year to date, RMMZ is up 5.57% versus a gain of 14.33% for VXUS.
Over three years, RMMZ compounded at +4.93% per year against +20.47% for VXUS. Across the full 5-year window we track, VXUS has the edge at +4.84% annualized vs +1.75%. 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 15.1% 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 -27.1% for RMMZ 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RMMZ charges 6.81% per year while VXUS charges 0.05%. On a $10,000 position that is $681 vs $5 annually, a gap of $676 per year that compounds over a long holding period. On income, RMMZ currently yields 5.75% against 2.59% for VXUS.
Holdings Overlap
RMMZ and VXUS share 0 holdings out of 7921 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, RMMZ or VXUS?
RMMZ has an expense ratio of 6.81% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $676 per year of difference.
Which performed better, RMMZ or VXUS?
Over the past year RMMZ returned +7.49% vs +25.32% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (5 years), RMMZ annualized +1.75% vs +4.84% for VXUS. Past performance does not guarantee future results.
Which is riskier, RMMZ or VXUS?
RMMZ has been the more volatile fund at 16.8% annualized versus 15.1% for VXUS. Worst drawdown: RMMZ -27.1% vs VXUS -39.9%.
Should I hold both RMMZ and VXUS?
RMMZ and VXUS have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RMMZ and VXUS?
RMMZ and VXUS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 7921 unique securities.
Which pays a higher dividend, RMMZ or VXUS?
RMMZ yields 5.75% while VXUS yields 2.59%, so RMMZ currently pays the higher dividend yield.
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