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RMI correlations (RiverNorth Opportunistic Municipal Income Fund, Inc.)

Every correlation that matters for RMI: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

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

Volatility (ann.)

13.7%

3y weekly

Beta vs S&P 500

0.36

3y weekly

1-year return

+17.8%

price, adjusted

5-year return

-3.9%

price, adjusted

Market cap

$0.1B

latest

P/E ratio

126.1

trailing

Max drawdown

-17.2%

3y, daily closes

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

Stocks and ETFs most correlated with RMI

Asset		Correlation (3Y)
RMM	RiverNorth Managed Duration Municipal Income Fund, Inc.	0.81
RFM	RiverNorth Flexible Municipal Income Fund, Inc.	0.78
RFMZ	RiverNorth Flexible Municipal Income Fund II, Inc.	0.78
MQY	Blackrock MuniYield Quality Fund, Inc.	0.74
IIM	Invesco Value Municipal Income Trust	0.73

These are the assets whose returns had the least to do with RMI's, historically the most independent picks in our universe.

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/rmi.json

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