Which stocks are most correlated with RFM?

Based on one year of daily returns, the stocks most correlated with RiverNorth Flexible Municipal Income Fund, Inc. (RFM) are RMM (0.62), RFMZ (0.59) and RTAI (0.55). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with RFM?

Over the past year, the stocks most inversely correlated with RiverNorth Flexible Municipal Income Fund, Inc. (RFM) are EFU (-0.35), SPXU (-0.34) and SPXS (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

RiverNorth Flexible Municipal Income Fund, Inc. (RFM) — Stock Correlations & Overview

Over the past year, RFM has moved most closely with RMM, RFMZ, RTAI. Explore the stocks most correlated and inversely correlated with RFM below, along with its price, financials, and company profile.

Stocks correlated with RFM

Correlation of daily returns. Higher positive values move with RFM; negative values move opposite it. Informational only, not investment advice.

Most correlated with RFM

Symbol	Company	Correlation
RMM	RiverNorth Managed Duration Municipal Income Fund, Inc.	0.62
RFMZ	RiverNorth Flexible Municipal Income Fund II, Inc.	0.59
RTAI	Rareview Tax Advantaged Income ETF	0.55
XMPT	VanEck CEF Muni Income ETF	0.53
NVG	Nuveen AMT-Free Municipal Credit Income Fund	0.52

Most inversely correlated with RFM

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.35
SPXU	ProShares UltraPro Short S&P 500	-0.34
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.34
SDS	ProShares UltraShort S&P500	-0.34
YQQQ	YieldMax Short N100 Option Income Strategy ETF	-0.34

Frequently asked questions about RFM correlations

Which stocks are most correlated with RFM?: Based on one year of daily returns, the stocks most correlated with RiverNorth Flexible Municipal Income Fund, Inc. (RFM) are RMM (0.62), RFMZ (0.59) and RTAI (0.55). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with RFM?: Over the past year, the stocks most inversely correlated with RiverNorth Flexible Municipal Income Fund, Inc. (RFM) are EFU (-0.35), SPXU (-0.34) and SPXS (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these RFM correlations calculated?: We compute the correlation of daily returns between RFM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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