RiverNorth Market Neutral ETF (RNMN) Performance
RNMN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.8% since Dec 31, 2025
- 1 year
- +0.9% total return
- 3 years
- +5.7% a year
- Since first price
- +5.8% a year since 2022
RNMN trailing returns vs SPY, QQQ, AGG
| Period | RNMN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.3% | +0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.0% | +1.0% | +7.8% | +8.4% | −1.5% |
| YTD | +1.8% | +1.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.9% | −9.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +18.2%+5.7%/yr | −3.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJul 12, 2022 | +27.5%+5.8%/yr | +3.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: RNMN vs SPY
From Jul 12, 2022: RNMN grew to $12,755, SPY to $21,104.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RNMN returns by calendar year
3 of 3 full years positive. Best 2025 (+10.2%), worst 2024 (+5.3%). 2026 is year to date.
RNMN annual returns table
| Year | RNMN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.8% | −4.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.2% | −3.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.3% | −4.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.9% | −1.1% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
RNMN risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +5.9% | +6.1% |
| Volatility (annualized) | 3.7% | 3.1% |
| Sharpe ratio | 0.41 | 0.54 |
| Sortino ratio | 0.76 | 1.02 |
| Best month | +3.7% | +3.7% |
| Worst month | −1.9% | −1.9% |
| Best 12 months | +12.1% | +12.1% |
| Worst 12 months | +2.6% | +2.6% |
| Positive months | 69% | 76% |
| Beta vs S&P 500 | -0.02 | — |
| Correlation with S&P 500 | -0.06 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
RNMN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 40 | +1.1% | +5.9% | +12.1% | 100% |
| 3-year (a year) | 16 | +5.8% | +6.7% | +7.8% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
RNMN performance overview
RiverNorth Market Neutral ETF (RNMN) returned +0.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +5.8% a year, turning $10,000 into about $12,755. Over the same year S&P 500 (SPY) returned +14.4%.
Related: RNMN chart, RNMN dividends. See the RNMN overview for the latest quote and fund facts.
RNMN performance FAQ
What is the RNMN return over the past year?
RNMN returned +0.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 9.9%.
How much would $10,000 invested in RNMN be worth?
$10,000 invested in RNMN at its first recorded close on July 12, 2022 would be worth about $12,755 on October 23, 2026 with distributions reinvested.
What was the worst year for RNMN?
The worst calendar year was 2024, with a total return of +5.3%. The best was 2025 at +10.2%.
How volatile is RNMN?
Over the past 3 years RNMN had an annualized volatility of 3.7% and a Sharpe ratio of 0.41 (excess return over 1–3 month T-bills per unit of risk).