Virtus Diversified Income & Convertible Fund (ACV) vs RiverNorth Managed Duration Municipal Income Fund (RMM)
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 Managed Duration Municipal Income Fund (RMM) over the past year, losing 2.7% versus a loss of 10.5%. Over five years, ACV leads with a -32.2% price change compared with -35.9% for RMM. Virtus Diversified Income & Convertible Fund is the larger company by market cap ($252.4 million vs $248.5 million), about 1.0 times the size.
On valuation, Virtus Diversified Income & Convertible Fund trades at a lower trailing P/E (4.7x vs 7.5x for RiverNorth Managed Duration Municipal Income Fund).
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 | RMM |
|---|---|---|
| Share price | $24.28 | $12.59 |
| Market cap | $252.42M | $248.52M |
| 1-day change | -1.70% | +0.32% |
| YTD return | -7.65% | -7.49% |
| 1-year return | -2.70% | -10.52% |
| 5-year return | -32.20% | -35.90% |
| P/E ratio (TTM) | 4.72 | 7.49 |
| EPS (TTM) | $5.14 | $1.68 |
| Dividend yield | 10.45% | 8.10% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $29.04 | $15.00 |
| 52-week low | $23.65 | $12.15 |
| Distance from 52-week high | -16.40% | -16.07% |
| Average volume | 30.03K | 58.32K |
| Shares outstanding | 10.40M | 19.74M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Trusts Except Educational Religious and Charitable |
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
- RiverNorth Managed Duration Municipal Income Fund trades at a higher earnings multiple (7.5x vs 4.7x trailing P/E).
- Virtus Diversified Income & Convertible Fund offers a meaningfully higher dividend yield (10.45% vs 8.10%).
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
About RiverNorth Managed Duration Municipal Income Fund
RMM stock →Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC.
Finance · Trusts Except Educational Religious and Charitable
ACV vs RMM FAQ
Which is bigger, Virtus Diversified Income & Convertible Fund or RiverNorth Managed Duration Municipal Income Fund?
Virtus Diversified Income & Convertible Fund (ACV) is larger, with a market capitalization of $252.42M compared with $248.52M for RiverNorth Managed Duration Municipal Income Fund (RMM).
Which stock has performed better over the past year, ACV or RMM?
ACV returned -2.70% over the past 12 months, compared with -10.52% for RMM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ACV or RMM?
ACV has the lower trailing P/E at 4.7, versus 7.5 for RMM. 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 Managed Duration Municipal Income Fund?
Virtus Diversified Income & Convertible Fund has the higher yield at 10.45%, compared with 8.10% for RiverNorth Managed Duration Municipal Income Fund.
Are Virtus Diversified Income & Convertible Fund and RiverNorth Managed Duration Municipal Income Fund in the same industry?
Both are in the Finance sector, but in different industries: Finance/Investors Services for Virtus Diversified Income & Convertible Fund and Trusts Except Educational Religious and Charitable for RiverNorth Managed Duration Municipal Income Fund.