Invesco Municipal Income Opportunities (OIA) 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
Invesco Municipal Income Opportunities (OIA) has outperformed RiverNorth Flexible Municipal Income Fund II (RFMZ) over the past year, losing 5.3% versus a loss of 12.9%. Over five years, OIA leads with a -27.7% 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 $274.6 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 30.2x for Invesco Municipal Income Opportunities). Invesco Municipal Income Opportunities pays a dividend yielding 6.09%, while RiverNorth Flexible Municipal Income Fund II does not currently pay one.
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 | OIA | RFMZ |
|---|---|---|
| Share price | $5.73 | $11.48 |
| Market cap | $274.65M | $279.56M |
| 1-day change | 0.00% | +1.23% |
| YTD return | -4.66% | -9.32% |
| 1-year return | -5.29% | -12.90% |
| 5-year return | -27.74% | -45.24% |
| P/E ratio (TTM) | 30.16 | 7.17 |
| EPS (TTM) | $0.19 | $1.60 |
| Dividend yield | 6.09% | 8.51% |
| Annual dividend | $0.349 | $0.00 |
| 52-week high | $6.40 | $13.70 |
| 52-week low | $5.09 | $11.31 |
| Distance from 52-week high | -10.47% | -16.20% |
| Average volume | 163.87K | 73.89K |
| Shares outstanding | 47.93M | 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
- Invesco Municipal Income Opportunities trades at a higher earnings multiple (30.2x vs 7.2x trailing P/E).
- RiverNorth Flexible Municipal Income Fund II offers a meaningfully higher dividend yield (8.51% vs 6.09%).
About Invesco Municipal Income Opportunities
OIA stock →Invesco Municipal Income Opportunities Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd.
Finance · Finance Companies
OIA vs RFMZ FAQ
Which is bigger, Invesco Municipal Income Opportunities 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 $274.65M for Invesco Municipal Income Opportunities (OIA).
Which stock has performed better over the past year, OIA or RFMZ?
OIA returned -5.29% 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, OIA or RFMZ?
RFMZ has the lower trailing P/E at 7.2, versus 30.2 for OIA. 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, Invesco Municipal Income Opportunities or RiverNorth Flexible Municipal Income Fund II?
RiverNorth Flexible Municipal Income Fund II has the higher yield at 8.51%, compared with 6.09% for Invesco Municipal Income Opportunities.
Are Invesco Municipal Income Opportunities and RiverNorth Flexible Municipal Income Fund II in the same industry?
Both are in the Finance sector, but in different industries: Finance Companies for Invesco Municipal Income Opportunities and Finance/Investors Services for RiverNorth Flexible Municipal Income Fund II.