Western Asset Investment Grade Opportunity (IGI) vs RiverNorth Opportunistic Municipal Income Fund (RMI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Western Asset Investment Grade Opportunity is the larger company by market cap ($91.8 million vs $87.3 million), about 1.1 times the size. On valuation, RiverNorth Opportunistic Municipal Income Fund trades at a lower trailing P/E (7.6x vs 13.6x for Western Asset Investment Grade Opportunity).
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 | IGI | RMI |
|---|---|---|
| Share price | $15.32 | $13.69 |
| Market cap | $91.82M | $87.27M |
| 1-day change | -0.13% | +0.15% |
| YTD return | — | -4.33% |
| 1-year return | — | -5.98% |
| 5-year return | — | -39.48% |
| P/E ratio (TTM) | 13.56 | 7.61 |
| EPS (TTM) | $1.13 | $1.80 |
| Dividend yield | 5.56% | 7.79% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $16.93 | $16.36 |
| 52-week low | $15.08 | $13.11 |
| Distance from 52-week high | -9.51% | -16.32% |
| Average volume | 13.51K | 19.99K |
| Shares outstanding | 5.99M | 6.37M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
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
- Western Asset Investment Grade Opportunity trades at a higher earnings multiple (13.6x vs 7.6x trailing P/E).
- RiverNorth Opportunistic Municipal Income Fund offers a meaningfully higher dividend yield (7.79% vs 5.56%).
About Western Asset Investment Grade Opportunity
IGI stock →Western Asset Investment Grade Opportunity Trust Inc. is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Financial Services · Asset Management
IGI vs RMI FAQ
Which is bigger, Western Asset Investment Grade Opportunity or RiverNorth Opportunistic Municipal Income Fund?
Western Asset Investment Grade Opportunity (IGI) is larger, with a market capitalization of $91.82M compared with $87.27M for RiverNorth Opportunistic Municipal Income Fund (RMI).
Which has the lower P/E ratio, IGI or RMI?
RMI has the lower trailing P/E at 7.6, versus 13.6 for IGI. 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, Western Asset Investment Grade Opportunity or RiverNorth Opportunistic Municipal Income Fund?
RiverNorth Opportunistic Municipal Income Fund has the higher yield at 7.79%, compared with 5.56% for Western Asset Investment Grade Opportunity.
Are Western Asset Investment Grade Opportunity and RiverNorth Opportunistic Municipal Income Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.