Home › Stocks › RFMZ

RFMZ correlations (RiverNorth Flexible Municipal Income Fund II, Inc.)

RFMZ measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

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

Volatility (ann.)

13.3%

3y weekly

Beta vs S&P 500

0.36

3y weekly

1-year return

+12.7%

price, adjusted

5-year return

-11.3%

price, adjusted

Market cap

$0.3B

latest

P/E ratio

217.8

trailing

Max drawdown

-16.8%

3y, daily closes

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

Stocks and ETFs most correlated with RFMZ

Asset		Correlation (3Y)
RFM	RiverNorth Flexible Municipal Income Fund, Inc.	0.84
RMI	RiverNorth Opportunistic Municipal Income Fund, Inc.	0.78
RMM	RiverNorth Managed Duration Municipal Income Fund, Inc.	0.78
MQY	Blackrock MuniYield Quality Fund, Inc.	0.76
DMB	BNY Mellon Municipal Bond Infrastructure Fund, Inc.	0.75

If the goal is offsetting RFMZ, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.39
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.38
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.23

Free API · no key required

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

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