TFSA vs RMMZ
Comparison between Terra Income Fund 6, LLC 7.00% Notes due 2026 (TFSA, Company) and RiverNorth Managed Duration Municipal Income Fund II Inc (RMMZ, Company).
TFSA vs RMMZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TFSA vs RMMZ - Historical Returns
Returns include dividend reinvestment.
TFSA vs RMMZ - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | TFSA | RMMZ |
|---|---|---|
| 2026 | -36.81% | +6.93% |
| 2025 | +9.45% | +3.86% |
| 2024 | +10.86% | +2.22% |
| 2023 | +10.51% | +8.66% |
| 2022 | -3.49% | -12.82% |
| 2021 | +7.02% | N/A |
TFSA vs RMMZ Drawdown Comparison
The maximum drawdown for TFSA was -51.94%, occurring on Mar 16, 2026. This drawdown has not yet recovered.
The maximum drawdown for RMMZ was -27.10%, occurring on Oct 30, 2023. Recovery took 986 trading sessions.
The current TFSA drawdown is -37.63%. The current RMMZ drawdown is -0.54%.
| Rank | TFSA | RMMZ |
|---|---|---|
| #1 | -51.94% Jan 22, 2026 - Mar 16, 2026 | -27.10% Mar 1, 2022 - Feb 4, 2026 |
| #2 | -20.89% Sep 8, 2022 - Apr 3, 2023 | -5.59% Feb 13, 2026 - May 5, 2026 |
| #3 | -10.33% Oct 2, 2023 - Jan 31, 2024 | -2.76% May 15, 2026 - Jun 16, 2026 |
| #4 | -9.60% Mar 27, 2024 - Sep 16, 2024 | -2.41% Jul 6, 2026 - Jul 28, 2026 |
| #5 | -9.28% Apr 3, 2023 - Jun 5, 2023 | -0.60% Jun 18, 2026 - Jun 30, 2026 |
| #6 | -7.42% Jan 31, 2024 - Feb 29, 2024 | -0.57% Jun 16, 2026 - Jun 18, 2026 |
| #7 | -6.67% Jun 14, 2023 - Oct 2, 2023 | -0.53% Jun 30, 2026 - Jul 6, 2026 |
| #8 | -6.44% May 30, 2025 - Jul 30, 2025 | -0.50% Feb 25, 2022 - Mar 1, 2022 |
| #9 | -6.07% Mar 18, 2022 - Aug 16, 2022 | -0.26% Feb 10, 2026 - Feb 12, 2026 |
| #10 | -5.71% Mar 21, 2025 - May 30, 2025 | -0.20% Feb 4, 2026 - Feb 10, 2026 |
| #11 | -4.23% Feb 29, 2024 - Mar 19, 2024 | -0.17% May 13, 2026 - May 15, 2026 |
| #12 | -3.97% Aug 16, 2022 - Sep 8, 2022 | -0.10% May 8, 2026 - May 13, 2026 |
| #13 | -3.84% Feb 3, 2025 - Mar 19, 2025 | -0.05% Feb 14, 2022 - Feb 17, 2022 |
| #14 | -3.84% Sep 16, 2024 - Dec 30, 2024 | -0.05% Feb 22, 2022 - Feb 24, 2022 |
| #15 | -3.71% Aug 17, 2021 - Dec 14, 2021 | N/A |
Correlation
Correlation between TFSA and RMMZ is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2021 - 2026)
TFSA vs RMMZ dividend yield comparison.
| Year | TFSA | RMMZ |
|---|---|---|
| 2026 | 2.87% | 4.19% |
| 2025 | 7.04% | 7.86% |
| 2024 | 7.26% | 7.82% |
| 2023 | 7.41% | 7.45% |
| 2022 | 7.59% | 6.86% |
| 2021 | 3.41% | 0.00% |
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