Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -0.23% | -6.83% | -14.36% | -11.10% | -8.23% | -11.65% | -3.14% | -11.38% | — | -6.57% |
| Market-price total return | -0.23% | -6.22% | -12.78% | -7.79% | -3.06% | -4.83% | +4.13% | -4.19% | — | +0.67% |
| NAV return | +2.21% | -4.72% | -10.93% | -9.36% | -8.89% | -9.58% | -2.85% | -9.74% | — | -4.96% |
| NAV total return | +2.21% | -4.15% | -9.41% | -6.25% | -4.18% | -3.20% | +3.85% | -3.02% | — | +1.83% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.06% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.11% | 0.06% | as above |
| Volatility, 5 years | 0.13% | 0.07% | as above |
| Maximum drawdown, 3 years | -14.18% | -11.42% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.04 | -0.06 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.05 | -0.08 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.33 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.50 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for RiverNorth Flexible Municipal Income Fund, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.