Virtus Convertible & Income Fund II (NCZ) 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
Virtus Convertible & Income Fund II (NCZ) has outperformed RiverNorth Flexible Municipal Income Fund II (RFMZ) over the past year, gaining 1.0% versus a loss of 12.9%. Over five years, NCZ leads with a -31.8% price change compared with -45.2% for RFMZ. RiverNorth Flexible Municipal Income Fund II is the larger company by market cap ($279.6 million vs $276.1 million), about 1.0 times the size.
On valuation, Virtus Convertible & Income Fund II trades at a lower trailing P/E (3.9x vs 7.2x for RiverNorth Flexible 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 | NCZ | RFMZ |
|---|---|---|
| Share price | $14.51 | $11.48 |
| Market cap | $276.11M | $279.56M |
| 1-day change | +3.50% | +1.23% |
| YTD return | +5.30% | -9.32% |
| 1-year return | +1.04% | -12.90% |
| 5-year return | -31.81% | -45.24% |
| P/E ratio (TTM) | 3.94 | 7.17 |
| EPS (TTM) | $3.68 | $1.60 |
| Dividend yield | 10.27% | 8.51% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $16.17 | $13.70 |
| 52-week low | $12.95 | $11.31 |
| Distance from 52-week high | -10.27% | -16.20% |
| Average volume | 64.39K | 73.89K |
| Shares outstanding | 19.03M | 24.35M |
| Sector | Finance | Finance |
| Industry | Finance Companies | 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
- NCZ has outperformed RFMZ by 13.9 percentage points over the past year.
- RiverNorth Flexible Municipal Income Fund II trades at a higher earnings multiple (7.2x vs 3.9x trailing P/E).
- Virtus Convertible & Income Fund II offers a meaningfully higher dividend yield (10.27% vs 8.51%).
About Virtus Convertible & Income Fund II
NCZ stock →Virtus Convertible & Income Fund II is a closed ended fixed income 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 Companies
NCZ vs RFMZ FAQ
Which is bigger, Virtus Convertible & Income Fund II or RiverNorth Flexible Municipal Income Fund II?
RiverNorth Flexible Municipal Income Fund II (RFMZ) is larger, with a market capitalization of $279.56M compared with $276.11M for Virtus Convertible & Income Fund II (NCZ).
Which stock has performed better over the past year, NCZ or RFMZ?
NCZ returned +1.04% over the past 12 months, compared with -12.90% for RFMZ (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NCZ or RFMZ?
NCZ has the lower trailing P/E at 3.9, versus 7.2 for RFMZ. 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 Convertible & Income Fund II or RiverNorth Flexible Municipal Income Fund II?
Virtus Convertible & Income Fund II has the higher yield at 10.27%, compared with 8.51% for RiverNorth Flexible Municipal Income Fund II.
Are Virtus Convertible & Income Fund II and RiverNorth Flexible Municipal Income Fund II in the same industry?
Both are in the Finance sector, but in different industries: Finance Companies for Virtus Convertible & Income Fund II and Finance/Investors Services for RiverNorth Flexible Municipal Income Fund II.