RMM vs CIO

Comparison between RiverNorth Managed Duration Municipal Income Fund Inc (RMM, Company) and CITY OFFICE REIT, INC. (CIO, Company).

RMM is from the Financial Services sector, while CIO is from the Real Estate sector.

5-Year PerformanceCIO has outperformed RMM, delivering a return of +0.4% compared to -0.9%

RMM vs CIO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RMM(COMPANY)	CIO(COMPANY)
Market Cap	$282M	$282M
Max Drawdown	42.42%	83.69%
Sharpe Ratio	0.73	0.95
5Y Beta	0.18	N/A
Industry	Asset Management	Reit - Office
P/E Ratio	-25.29	-2.32
Forward P/E	N/A	384.62
PEG Ratio	N/A	-0.00
Dividend Yield	N/A	4.29%
5Y Dividends CAGR	-0.96%	-13.03%
Debt to Equity	68.56%	65.30%
Free Cash Flow Yield	17.85%	16.87%

Market Cap

Winner

RMM

$282M

CIO

$282M

Max Drawdown

Winner

RMM

42.42%

CIO

83.69%

Sharpe Ratio

RMM

0.73

Winner

CIO

0.95

5Y Beta

RMM

0.18

CIO

N/A

Industry

RMM

Asset Management

CIO

Reit - Office

P/E Ratio

Winner

RMM

-25.29

CIO

-2.32

Forward P/E

RMM

N/A

CIO

384.62

PEG Ratio

RMM

N/A

CIO

-0.00

Dividend Yield

RMM

N/A

CIO

4.29%

5Y Dividends CAGR

Winner

RMM

-0.96%

CIO

-13.03%

Debt to Equity

RMM

68.56%

Winner

CIO

65.30%

Free Cash Flow Yield

Winner

RMM

17.85%

CIO

16.87%

RMM vs CIO - Historical Returns

Returns include dividend reinvestment.

Period	RMM	CIO
1 month	-2.70%	+0.58%
3 months	+3.56%	+0.43%
6 months	+4.42%	+27.71%
1 year	+12.14%	+37.94%
5 years(CAGR)	-0.87%	+0.37%
10 years(CAGR)	N/A	+1.63%
Max(CAGR)	+1.91%	+2.20%

RMM

-2.70%

Winner

CIO

+0.58%

Winner

RMM

+3.56%

CIO

+0.43%

RMM

+4.42%

Winner

CIO

+27.71%

RMM

+12.14%

Winner

CIO

+37.94%

5Y(CAGR)

RMM

-0.87%

Winner

CIO

+0.37%

10Y(CAGR)

RMM

N/A

CIO

+1.63%

Max(CAGR)

RMM

+1.91%

Winner

CIO

+2.20%

RMM vs CIO - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	RMM	CIO
2026	+8.58%	+0.14%
2025	+0.96%	+36.42%
2024	+7.96%	-5.33%
2023	+2.21%	-20.35%
2022	-23.50%	-55.54%
2021	+19.34%	+117.79%
2020	-2.99%	-20.68%
2019	-1.46%	+41.86%
2018	N/A	-14.64%
2017	N/A	+4.93%
2016	N/A	+15.61%
2015	N/A	-0.04%
2014	N/A	+8.52%

RMM vs CIO Drawdown Comparison

The maximum drawdown for RMM was -35.96%, occurring on Mar 23, 2020. Recovery took 304 trading sessions.

The maximum drawdown for CIO was -80.90%, occurring on Oct 27, 2023. This drawdown has not yet recovered.

The current RMM drawdown is -5.91%. The current CIO drawdown is -56.00%.

Rank	RMM	CIO
#1	-35.96% Feb 7, 2020 - Apr 23, 2021	-80.90% Jan 6, 2022 - Oct 27, 2023
#2	-33.26% Sep 2, 2021 - Oct 25, 2023	-52.69% Feb 18, 2020 - Jul 26, 2021
#3	-4.84% Sep 3, 2019 - Jan 24, 2020	-24.56% Oct 5, 2017 - Jul 5, 2018
#4	-2.48% Aug 21, 2019 - Sep 3, 2019	-21.53% Apr 7, 2015 - Mar 18, 2016
#5	-2.40% Jul 14, 2021 - Jul 23, 2021	-21.53% Aug 28, 2018 - Jun 13, 2019
#6	-1.76% May 11, 2021 - Jun 4, 2021	-15.24% Oct 26, 2021 - Dec 22, 2021
#7	-1.48% Aug 13, 2021 - Sep 1, 2021	-13.83% Mar 18, 2016 - Jun 30, 2016
#8	-1.16% Jan 27, 2020 - Feb 4, 2020	-13.15% Aug 1, 2016 - Aug 31, 2017
#9	-0.98% Aug 8, 2019 - Aug 21, 2019	-11.77% Sep 26, 2019 - Jan 21, 2020
#10	-0.75% Jul 30, 2021 - Aug 12, 2021	-8.03% Jun 16, 2014 - Jul 10, 2014
#11	-0.66% Jul 23, 2021 - Jul 30, 2021	-7.34% Oct 14, 2014 - Apr 2, 2015
#12	-0.55% May 3, 2021 - May 7, 2021	-6.37% Jun 20, 2019 - Jul 30, 2019
#13	-0.54% Jun 28, 2021 - Jul 2, 2021	-5.00% Sep 7, 2021 - Sep 22, 2021
#14	-0.49% Jun 15, 2021 - Jun 28, 2021	-4.86% Jul 11, 2014 - Aug 27, 2014
#15	-0.20% Jul 26, 2019 - Jul 31, 2019	-4.43% Aug 27, 2014 - Sep 19, 2014

Correlation

Correlation between RMM and CIO is 0.38 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.38

-101

Dividend Comparison (2014 - 2026)

RMM vs CIO dividend yield comparison.

Year	RMM	CIO
2026	4.15%	0.00%
2025	7.98%	4.29%
2024	7.63%	7.25%
2023	7.71%	9.82%
2022	7.74%	9.55%
2021	5.46%	3.04%
2020	6.18%	7.01%
2019	1.90%	6.95%
2018	0.00%	9.17%
2017	0.00%	7.23%
2016	0.00%	7.14%
2015	0.00%	5.79%
2014	0.00%	5.10%