BSMR vs RIV

Comparison between INVESCO BULLETSHARES 2027 MUNICIPAL BOND ETF (BSMR, ETF) and RiverNorth Opportunities Fund Inc (RIV, ETF).

5-Year PerformanceRIV has outperformed BSMR, delivering a return of +5.3% compared to +0.5%

BSMR vs RIV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BSMR(ETF)	RIV(ETF)
Net Assets	$337M	$335M
Expense Ratio	0.18%	N/A
Max Drawdown	13.63%	54.84%
Sharpe Ratio	0.15	0.79
5Y Beta	0.00	0.44
5Y Dividends CAGR	16.82%	-4.12%

Net Assets

Winner

BSMR

$337M

RIV

$335M

Expense Ratio

BSMR

0.18%

RIV

N/A

Max Drawdown

Winner

BSMR

13.63%

RIV

54.84%

Sharpe Ratio

BSMR

0.15

Winner

RIV

0.79

5Y Beta

Winner

BSMR

0.00

RIV

0.44

5Y Dividends CAGR

Winner

BSMR

16.82%

RIV

-4.12%

BSMR vs RIV - Historical Returns

Returns include dividend reinvestment.

Period	BSMR	RIV
1 month	+0.21%	-1.36%
3 months	+0.20%	+1.09%
6 months	+1.13%	+3.83%
1 year	+3.88%	+11.14%
5 years(CAGR)	+0.45%	+5.26%
10 years(CAGR)	N/A	+8.88%
Max(CAGR)	+1.21%	+8.45%

Winner

BSMR

+0.21%

RIV

-1.36%

BSMR

+0.20%

Winner

RIV

+1.09%

BSMR

+1.13%

Winner

RIV

+3.83%

BSMR

+3.88%

Winner

RIV

+11.14%

5Y(CAGR)

BSMR

+0.45%

Winner

RIV

+5.26%

10Y(CAGR)

BSMR

N/A

RIV

+8.88%

Max(CAGR)

BSMR

+1.21%

Winner

RIV

+8.45%

BSMR vs RIV - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	BSMR	RIV
2026	+0.86%	+3.50%
2025	+2.89%	+16.40%
2024	+1.69%	+18.97%
2023	+4.32%	+0.35%
2022	-7.56%	-14.10%
2021	+1.08%	+12.99%
2020	+4.93%	+14.24%
2019	+0.16%	+13.45%
2018	N/A	-8.51%
2017	N/A	+17.64%
2016	N/A	+8.14%
2015	N/A	+0.25%

BSMR vs RIV Drawdown Comparison

The maximum drawdown for BSMR was -13.49%, occurring on Mar 23, 2020. Recovery took 112 trading sessions.

The maximum drawdown for RIV was -42.87%, occurring on Mar 23, 2020. Recovery took 147 trading sessions.

The current BSMR drawdown is -0.14%. The current RIV drawdown is -2.72%.

Rank	BSMR	RIV
#1	-13.49% Mar 2, 2020 - Aug 10, 2020	-42.87% Feb 12, 2020 - Sep 11, 2020
#2	-12.01% Jul 19, 2021 - Nov 25, 2025	-28.99% Aug 9, 2021 - Jul 15, 2024
#3	-2.46% Feb 11, 2021 - Jun 9, 2021	-27.47% Jun 13, 2018 - Feb 10, 2020
#4	-2.10% Aug 10, 2020 - Dec 3, 2020	-19.61% Dec 30, 2015 - Apr 20, 2016
#5	-1.04% Oct 21, 2019 - Jan 6, 2020	-15.19% Feb 18, 2025 - May 19, 2025
#6	-0.67% Jun 15, 2021 - Jul 8, 2021	-11.72% Sep 14, 2020 - Dec 3, 2020
#7	-0.57% Feb 25, 2026 - Jun 3, 2026	-8.67% Dec 3, 2024 - Feb 13, 2025
#8	-0.43% Jan 31, 2020 - Feb 18, 2020	-7.65% Feb 25, 2026 - Apr 22, 2026
#9	-0.31% Jan 5, 2021 - Jan 26, 2021	-6.80% Sep 15, 2025 - Jan 6, 2026
#10	-0.27% Jan 26, 2026 - Feb 5, 2026	-6.39% Sep 7, 2016 - Jan 20, 2017
#11	-0.23% Feb 10, 2026 - Feb 13, 2026	-6.31% Sep 13, 2017 - Jan 8, 2018
#12	-0.14% Dec 17, 2025 - Dec 23, 2025	-5.60% Jul 14, 2021 - Aug 6, 2021
#13	-0.14% Jun 3, 2026 - Jun 5, 2026	-4.99% Jul 16, 2024 - Aug 12, 2024
#14	-0.13% Jul 8, 2021 - Jul 15, 2021	-4.89% Jun 9, 2016 - Jul 5, 2016
#15	-0.12% Dec 28, 2020 - Jan 5, 2021	-4.89% May 7, 2021 - May 26, 2021

Correlation

Correlation between BSMR and RIV is 0.72 which considered as a strong positive correlation - the stocks tend to move together.

0.72

-101

Dividend Comparison (2016 - 2026)

BSMR vs RIV dividend yield comparison.

Year	BSMR	RIV
2026	1.12%	5.70%
2025	2.77%	12.80%
2024	2.78%	13.46%
2023	2.72%	13.96%
2022	1.40%	16.61%
2021	1.00%	14.31%
2020	1.49%	13.42%
2019	0.45%	12.34%
2018	0.00%	15.51%
2017	0.00%	10.14%
2016	0.00%	13.01%