Virtus Diversified Income & Convertible Fund (ACV) vs RiverNorth Flexible Municipal Income Fund II (RFMZ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Virtus Diversified Income & Convertible Fund (ACV) has outperformed RiverNorth Flexible Municipal Income Fund II (RFMZ) over the past year, losing 2.7% versus a loss of 13.7%. Over five years, ACV leads with a -32.2% price change compared with -45.9% for RFMZ. RiverNorth Flexible Municipal Income Fund II is the larger company by market cap ($276.1 million vs $252.4 million), about 1.1 times the size.
On valuation, Virtus Diversified Income & Convertible Fund trades at a lower trailing P/E (4.7x vs 7.1x for RiverNorth Flexible Municipal Income Fund II).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ACV | RFMZ |
|---|---|---|
| Share price | $24.28 | $11.34 |
| Market cap | $252.42M | $276.15M |
| 1-day change | -1.70% | -0.61% |
| YTD return | -7.65% | -10.43% |
| 1-year return | -2.70% | -13.70% |
| 5-year return | -32.20% | -45.91% |
| P/E ratio (TTM) | 4.72 | 7.09 |
| EPS (TTM) | $5.14 | $1.60 |
| Dividend yield | 10.63% | 8.51% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $29.04 | $13.70 |
| 52-week low | $23.65 | $11.31 |
| Distance from 52-week high | -16.40% | -17.23% |
| Average volume | 30.03K | 73.27K |
| Shares outstanding | 10.40M | 24.35M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Finance/Investors Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ACV has outperformed RFMZ by 11.0 percentage points over the past year.
- RiverNorth Flexible Municipal Income Fund II trades at a higher earnings multiple (7.1x vs 4.7x trailing P/E).
- Virtus Diversified Income & Convertible Fund offers a meaningfully higher dividend yield (10.63% vs 8.51%).
About Virtus Diversified Income & Convertible Fund
ACV stock →Virtus Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S.
Finance · Finance/Investors Services
ACV vs RFMZ FAQ
Which is bigger, Virtus Diversified Income & Convertible Fund or RiverNorth Flexible Municipal Income Fund II?
RiverNorth Flexible Municipal Income Fund II (RFMZ) is larger, with a market capitalization of $276.15M compared with $252.42M for Virtus Diversified Income & Convertible Fund (ACV).
Which stock has performed better over the past year, ACV or RFMZ?
ACV returned -2.70% over the past 12 months, compared with -13.70% for RFMZ (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ACV or RFMZ?
ACV has the lower trailing P/E at 4.7, versus 7.1 for RFMZ. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Virtus Diversified Income & Convertible Fund or RiverNorth Flexible Municipal Income Fund II?
Virtus Diversified Income & Convertible Fund has the higher yield at 10.63%, compared with 8.51% for RiverNorth Flexible Municipal Income Fund II.
Are Virtus Diversified Income & Convertible Fund and RiverNorth Flexible Municipal Income Fund II in the same industry?
Yes. Both are classified in the Finance/Investors Services industry within the Finance sector.