John Hancock Diversified Income Fund (HEQ) vs RiverNorth Managed Duration Municipal Income Fund II (RMMZ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
John Hancock Diversified Income Fund is the larger company by market cap ($134.8 million vs $112.3 million), about 1.2 times the size. On valuation, John Hancock Diversified Income Fund trades at a lower trailing P/E (6.9x vs 7.9x for RiverNorth Managed Duration 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 | HEQ | RMMZ |
|---|---|---|
| Share price | $11.30 | $13.28 |
| Market cap | $134.79M | $112.28M |
| 1-day change | +1.99% | +2.71% |
| YTD return | — | -8.54% |
| 1-year return | — | -10.87% |
| P/E ratio (TTM) | 6.89 | 7.90 |
| EPS (TTM) | $1.64 | $1.68 |
| Dividend yield | 8.85% | 8.05% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $12.00 | $15.29 |
| 52-week low | $10.46 | $12.77 |
| Distance from 52-week high | -5.83% | -13.15% |
| Average volume | 22.84K | 20.01K |
| Shares outstanding | 11.93M | 8.46M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
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.
About John Hancock Diversified Income Fund
HEQ stock →John Hancock Diversified Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP.
Finance · Investment Managers
HEQ vs RMMZ FAQ
Which is bigger, John Hancock Diversified Income Fund or RiverNorth Managed Duration Municipal Income Fund II?
John Hancock Diversified Income Fund (HEQ) is larger, with a market capitalization of $134.79M compared with $112.28M for RiverNorth Managed Duration Municipal Income Fund II (RMMZ).
Which has the lower P/E ratio, HEQ or RMMZ?
HEQ has the lower trailing P/E at 6.9, versus 7.9 for RMMZ. 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, John Hancock Diversified Income Fund or RiverNorth Managed Duration Municipal Income Fund II?
John Hancock Diversified Income Fund has the higher yield at 8.85%, compared with 8.05% for RiverNorth Managed Duration Municipal Income Fund II.
Are John Hancock Diversified Income Fund and RiverNorth Managed Duration Municipal Income Fund II in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.