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 | +0.79% | -8.07% | -15.69% | -11.94% | -9.16% | -12.48% | -2.29% | -10.97% | — | -9.37% |
| Market-price total return | +0.79% | -7.47% | -14.12% | -8.65% | -4.01% | -5.67% | +5.15% | -4.11% | — | -2.62% |
| NAV return | +2.19% | -4.81% | -10.91% | -9.68% | -9.05% | -9.49% | -2.84% | -8.16% | — | -7.34% |
| NAV total return | +2.19% | -4.25% | -9.38% | -6.58% | -4.35% | -3.10% | +3.85% | -1.74% | — | -1.01% |
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 | 0.10% | 0.06% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.12% | 0.06% | as above |
| Volatility, 5 years | 0.14% | 0.07% | as above |
| Maximum drawdown, 3 years | -15.44% | -11.33% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.15 | -0.06 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.21 | -0.08 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.48 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.52 | — | 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 II, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.