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RFM correlations (RiverNorth Flexible Municipal Income Fund, Inc.)

Which assets move with RFM and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

12.0%

3y weekly

Beta vs S&P 500

0.38

3y weekly

1-year return

+12.8%

price, adjusted

5-year return

-7.4%

price, adjusted

Market cap

$0.1B

latest

P/E ratio

159.2

trailing

Max drawdown

-16.0%

3y, daily closes

RFM over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with RFM

Asset		Correlation (3Y)
RMM	RiverNorth Managed Duration Municipal Income Fund, Inc.	0.84
RFMZ	RiverNorth Flexible Municipal Income Fund II, Inc.	0.84
MQY	Blackrock MuniYield Quality Fund, Inc.	0.79
NEA	Nuveen AMT-Free Quality Municipal Income Fund	0.79
RMI	RiverNorth Opportunistic Municipal Income Fund, Inc.	0.78

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from RFM.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.43
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.40
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.29

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/rfm.json

Correlations, diversifiers, beta and volatility for RFM, plus one endpoint per pair. API documentation.