RIV vs BSMR

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

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

RIV vs BSMR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

RIV

$335M

Winner

BSMR

$337M

Expense Ratio

RIV

N/A

BSMR

0.18%

Max Drawdown

RIV

54.84%

Winner

BSMR

13.63%

Sharpe Ratio

Winner

RIV

0.79

BSMR

0.15

5Y Beta

RIV

0.44

Winner

BSMR

0.00

5Y Dividends CAGR

RIV

-4.12%

Winner

BSMR

16.82%

RIV vs BSMR - Historical Returns

Returns include dividend reinvestment.

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

RIV

-1.36%

Winner

BSMR

+0.21%

Winner

RIV

+1.09%

BSMR

+0.20%

Winner

RIV

+3.83%

BSMR

+1.13%

Winner

RIV

+11.14%

BSMR

+3.88%

5Y(CAGR)

Winner

RIV

+5.26%

BSMR

+0.45%

10Y(CAGR)

RIV

+8.88%

BSMR

N/A

Max(CAGR)

Winner

RIV

+8.45%

BSMR

+1.21%

RIV vs BSMR - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

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

RIV vs BSMR Drawdown Comparison

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

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

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

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

Correlation

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

0.72

-101

Dividend Comparison (2016 - 2026)

RIV vs BSMR dividend yield comparison.

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