ELDN vs RMM
Comparison between Eledon Pharmaceuticals Inc (ELDN, Company) and RiverNorth Managed Duration Municipal Income Fund Inc (RMM, Company).
ELDN is from the Healthcare sector, while RMM is from the Financial Services sector.
5-Year PerformanceRMM has outperformed ELDN, delivering a return of -0.8% compared to -10.7%
ELDN vs RMM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ELDN vs RMM - Historical Returns
Returns include dividend reinvestment.
ELDN vs RMM - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | ELDN | RMM |
|---|---|---|
| 2026 | +118.52% | +10.43% |
| 2025 | -64.80% | +0.96% |
| 2024 | +119.15% | +7.96% |
| 2023 | -20.70% | +2.21% |
| 2022 | -52.10% | -23.50% |
| 2021 | -69.79% | +19.34% |
| 2020 | +40.26% | -2.99% |
| 2019 | -65.06% | -1.46% |
| 2018 | -59.80% | N/A |
| 2017 | -56.20% | N/A |
| 2016 | -87.94% | N/A |
| 2015 | -41.04% | N/A |
| 2014 | -37.96% | N/A |
ELDN vs RMM Drawdown Comparison
The maximum drawdown for ELDN was -99.97%, occurring on Nov 29, 2023. This drawdown has not yet recovered.
The maximum drawdown for RMM was -35.96%, occurring on Mar 23, 2020. Recovery took 304 trading sessions.
The current ELDN drawdown is -99.91%. The current RMM drawdown is -4.30%.
| Rank | ELDN | RMM |
|---|---|---|
| #1 | -99.97% Sep 17, 2014 - Nov 29, 2023 | -35.96% Feb 7, 2020 - Apr 23, 2021 |
| #2 | N/A | -33.26% Sep 2, 2021 - Oct 25, 2023 |
| #3 | N/A | -4.84% Sep 3, 2019 - Jan 24, 2020 |
| #4 | N/A | -2.48% Aug 21, 2019 - Sep 3, 2019 |
| #5 | N/A | -2.40% Jul 14, 2021 - Jul 23, 2021 |
| #6 | N/A | -1.76% May 11, 2021 - Jun 4, 2021 |
| #7 | N/A | -1.48% Aug 13, 2021 - Sep 1, 2021 |
| #8 | N/A | -1.16% Jan 27, 2020 - Feb 4, 2020 |
| #9 | N/A | -0.98% Aug 8, 2019 - Aug 21, 2019 |
| #10 | N/A | -0.75% Jul 30, 2021 - Aug 12, 2021 |
| #11 | N/A | -0.66% Jul 23, 2021 - Jul 30, 2021 |
| #12 | N/A | -0.55% May 3, 2021 - May 7, 2021 |
| #13 | N/A | -0.54% Jun 28, 2021 - Jul 2, 2021 |
| #14 | N/A | -0.49% Jun 15, 2021 - Jun 28, 2021 |
| #15 | N/A | -0.20% Jul 26, 2019 - Jul 31, 2019 |
Correlation
Correlation between ELDN and RMM is -0.17 which considered as a very weak or no correlation - the stocks move independently of each other.
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