Ares Dynamic Credit Allocation Fund (ARDC) 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
RiverNorth Flexible Municipal Income Fund II (RFMZ) has outperformed Ares Dynamic Credit Allocation Fund (ARDC) over the past year, losing 13.7% versus a loss of 17.3%. Over five years, ARDC leads with a -31.1% price change compared with -45.9% for RFMZ. RiverNorth Flexible Municipal Income Fund II is the larger company by market cap ($281.3 million vs $273.7 million), about 1.0 times the size.
On valuation, RiverNorth Flexible Municipal Income Fund II trades at a lower trailing P/E (7.2x vs 54.4x for Ares Dynamic Credit Allocation 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 | ARDC | RFMZ |
|---|---|---|
| Share price | $11.42 | $11.55 |
| Market cap | $273.72M | $281.26M |
| 1-day change | +0.36% | +1.86% |
| YTD return | -14.44% | -10.43% |
| 1-year return | -17.30% | -13.70% |
| 5-year return | -31.11% | -45.91% |
| P/E ratio (TTM) | 54.39 | 7.22 |
| EPS (TTM) | $0.21 | $1.60 |
| Dividend yield | 11.86% | 8.51% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $13.99 | $13.70 |
| 52-week low | $11.25 | $11.31 |
| Distance from 52-week high | -18.36% | -15.69% |
| Average volume | 111.52K | 73.27K |
| Shares outstanding | 23.97M | 24.35M |
| Sector | Finance | Finance |
| Industry | Investment Managers | 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
- Ares Dynamic Credit Allocation Fund trades at a higher earnings multiple (54.4x vs 7.2x trailing P/E).
- Ares Dynamic Credit Allocation Fund offers a meaningfully higher dividend yield (11.86% vs 8.51%).
About Ares Dynamic Credit Allocation Fund
ARDC stock →Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income fund launched by Ares Management LLC.
Finance · Investment Managers
ARDC vs RFMZ FAQ
Which is bigger, Ares Dynamic Credit Allocation Fund or RiverNorth Flexible Municipal Income Fund II?
RiverNorth Flexible Municipal Income Fund II (RFMZ) is larger, with a market capitalization of $281.26M compared with $273.72M for Ares Dynamic Credit Allocation Fund (ARDC).
Which stock has performed better over the past year, ARDC or RFMZ?
RFMZ returned -13.70% over the past 12 months, compared with -17.30% for ARDC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ARDC or RFMZ?
RFMZ has the lower trailing P/E at 7.2, versus 54.4 for ARDC. 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, Ares Dynamic Credit Allocation Fund or RiverNorth Flexible Municipal Income Fund II?
Ares Dynamic Credit Allocation Fund has the higher yield at 11.86%, compared with 8.51% for RiverNorth Flexible Municipal Income Fund II.
Are Ares Dynamic Credit Allocation Fund and RiverNorth Flexible Municipal Income Fund II in the same industry?
Both are in the Finance sector, but in different industries: Investment Managers for Ares Dynamic Credit Allocation Fund and Finance/Investors Services for RiverNorth Flexible Municipal Income Fund II.