Calamos Long/Short Equity & Dynamic Income (CPZ) 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
RiverNorth Managed Duration Municipal Income Fund (RMM) has outperformed Calamos Long/Short Equity & Dynamic Income (CPZ) over the past year, losing 9.6% versus a loss of 21.2%. Over five years, RMM leads with a -34.5% price change compared with -39.5% for CPZ. RiverNorth Managed Duration Municipal Income Fund is the larger company by market cap ($254.0 million vs $248.2 million), about 1.0 times the size.
On valuation, RiverNorth Managed Duration Municipal Income Fund trades at a lower trailing P/E (7.7x vs 180.6x for Calamos Long/Short Equity & Dynamic Income).
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 | CPZ | RMM |
|---|---|---|
| Share price | $12.64 | $12.87 |
| Market cap | $248.15M | $254.05M |
| 1-day change | +0.80% | +2.22% |
| YTD return | -14.23% | -5.44% |
| 1-year return | -21.18% | -9.62% |
| 5-year return | -39.54% | -34.47% |
| P/E ratio (TTM) | 180.57 | 7.66 |
| EPS (TTM) | $0.07 | $1.68 |
| Dividend yield | 13.40% | 8.07% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $16.10 | $15.00 |
| 52-week low | $12.39 | $12.15 |
| Distance from 52-week high | -21.47% | -14.20% |
| Average volume | 70.10K | 59.01K |
| Shares outstanding | 19.63M | 19.74M |
| Sector | Finance | Finance |
| Industry | Trusts Except Educational Religious and Charitable | 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
- RMM has outperformed CPZ by 11.6 percentage points over the past year.
- Calamos Long/Short Equity & Dynamic Income trades at a higher earnings multiple (180.6x vs 7.7x trailing P/E).
- Calamos Long/Short Equity & Dynamic Income offers a meaningfully higher dividend yield (13.40% vs 8.07%).
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
CPZ vs RMM FAQ
Which is bigger, Calamos Long/Short Equity & Dynamic Income or RiverNorth Managed Duration Municipal Income Fund?
RiverNorth Managed Duration Municipal Income Fund (RMM) is larger, with a market capitalization of $254.05M compared with $248.15M for Calamos Long/Short Equity & Dynamic Income (CPZ).
Which stock has performed better over the past year, CPZ or RMM?
RMM returned -9.62% over the past 12 months, compared with -21.18% for CPZ (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CPZ or RMM?
RMM has the lower trailing P/E at 7.7, versus 180.6 for CPZ. 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, Calamos Long/Short Equity & Dynamic Income or RiverNorth Managed Duration Municipal Income Fund?
Calamos Long/Short Equity & Dynamic Income has the higher yield at 13.40%, compared with 8.07% for RiverNorth Managed Duration Municipal Income Fund.
Are Calamos Long/Short Equity & Dynamic Income and RiverNorth Managed Duration Municipal Income Fund in the same industry?
Yes. Both are classified in the Trusts Except Educational Religious and Charitable industry within the Finance sector.