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