ABHYX Alternatives & Similar Mutual Funds

American Century High-Yield Municipal Fund (ABHYX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ABHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ABHYX

ABHYX charges 0.59% annually. There are 17 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.60B	Nov 2001	ABHYX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	ABHYX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.60B	Dec 1978	ABHYX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	ABHYX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	ABHYX vs HIMFX

Best Risk-Adjusted Alternatives to ABHYX

ABHYX has a PortfoliosLab risk / return rank of 80. There are 31 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	96	—	Feb 1985	ABHYX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	95	—	Apr 1987	ABHYX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	94	—	Sep 2015	ABHYX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	93	—	Mar 1984	ABHYX vs SRHMX
WHYIX	Allspring High Yield Municipal Bond Fund	93	—	Jan 2013	ABHYX vs WHYIX

Top Performing ABHYX Alternatives (YTD)

ABHYX is at 2.85% YTD. There are 29 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.99%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	5.99%	—	Nov 2003	ABHYX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	4.05%	—	May 2007	ABHYX vs EWHYX
SRHMX	Columbia High Yield Municipal Fund	3.92%	—	Mar 1984	ABHYX vs SRHMX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.90%	—	Jun 2016	ABHYX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.88%	—	Jun 1999	ABHYX vs NHMRX

Lowest Volatility Alternatives to ABHYX

ABHYX has 3.29% 1-year volatility. There are 20 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.

Symbol	Name	Volatility 1Y	AUM	Inception
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.07%	—	Jun 2015	ABHYX vs SDHIX
RWMIX	Redwood Managed Municipal Income Fund	2.07%	—	Mar 2017	ABHYX vs RWMIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.26%	—	Jan 2013	ABHYX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.29%	—	Sep 2015	ABHYX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.58%	—	Jun 2018	ABHYX vs TMNIX

Lowest Drawdown Alternatives to ABHYX

ABHYX has a 1-year max drawdown of -3.16%. There are 39 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.79%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.79%	—	Jan 2013	ABHYX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	ABHYX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	ABHYX vs AHYMX
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.99%	—	Feb 2024	ABHYX vs FDUAX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	ABHYX vs SDHIX

Other Mutual Funds from American Century

The 10 most viewed American Century mutual funds shown here include TWCUX, TWCGX, ACIHX and span 6 categories. AUM among these funds goes as high as $27B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TWCUX	American Century Ultra Fund	Large Cap Growth Equities	17	5.47%	26.59B	Nov 1981	ABHYX vs TWCUX
TWCGX	American Century Growth Fund	Large Cap Growth Equities	20	5.46%	14.71B	Jun 1971	ABHYX vs TWCGX
ACIHX	American Century Growth Fund G Class	Large Cap Growth Equities	22	5.93%	—	Mar 2022	ABHYX vs ACIHX
BGEIX	American Century Global Gold Fund	Gold, Precious Metals	22	-12.03%	1.76B	Aug 1988	ABHYX vs BGEIX
ACFOX	American Century Investments Focused Dynamic Growt...	Large Cap Growth Equities	23	4.98%	2.12B	May 2006	ABHYX vs ACFOX
TWCIX	American Century Select Fund	Large Cap Growth Equities	22	4.54%	6.39B	Jun 1971	ABHYX vs TWCIX
TWHIX	American Century Heritage Fund	Mid Cap Growth Equities	6	7.65%	5.37B	Nov 1987	ABHYX vs TWHIX
BCHYX	American Century California High Yield Municipal F...	Municipal Bonds	84	2.45%	1.62B	Dec 1986	ABHYX vs BCHYX
TWEIX	American Century Equity Income Fund	Large Cap Value Equities	66	10.67%	6.45B	Aug 1994	ABHYX vs TWEIX
BIGRX	American Century Disciplined Core Value Fund	Large Cap Value Equities	86	14.69%	1.99B	Dec 1990	ABHYX vs BIGRX

Often Compared With ABHYX

Investors most often compare ABHYX with WTCOX, PRTAX, ETGAX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
WTCOX	Segall Bryant & Hamill Colorado Tax Free Fund	Municipal Bonds	90	1.54%	—	May 1991	ABHYX vs WTCOX
PRTAX	T. Rowe Price Tax Free Income Fund	Municipal Bonds	88	2.65%	—	Oct 1976	ABHYX vs PRTAX
ETGAX	Eaton Vance Georgia Municipal Income Fund	Municipal Bonds	84	2.17%	—	Dec 1993	ABHYX vs ETGAX
MUNI	PIMCO Intermediate Municipal Bond Active ETF	Municipal Bonds	79	1.36%	3.09B	Nov 2009	ABHYX vs MUNI
^SP500TR	S&P 500 Total Return		83	10.48%	—	—	ABHYX vs ^SP500TR
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	89	2.86%	—	Aug 2008	ABHYX vs AHMFX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	High Yield Muni	77	3.77%	—	Jun 1999	ABHYX vs NHMAX
PHMIX	PIMCO High Yield Municipal Bond Fund	High Yield Muni	81	2.94%	—	Jul 2006	ABHYX vs PHMIX
BULIX	American Century Utilities Fund	Utilities Equities	21	8.80%	312.77M	Feb 1993	ABHYX vs BULIX
NMHIX	Neuberger Berman Municipal High Income Fund	High Yield Muni	—	—	—	Jun 2015	ABHYX vs NMHIX
ACIIX	American Century Equity Income Fund Class I	Large Cap Value Equities	67	10.87%	—	Jul 1998	ABHYX vs ACIIX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	85	3.68%	—	Sep 2005	ABHYX vs DHMBX
MISHX	AB Municipal Income Shares	High Yield Muni	80	2.54%	—	Aug 2010	ABHYX vs MISHX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	82	3.22%	—	May 2015	ABHYX vs RTHAX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	89	3.56%	—	Aug 1995	ABHYX vs ETHYX
FAGIX	Fidelity Capital & Income Fund	High Yield Bonds	84	7.46%	—	Nov 1977	ABHYX vs FAGIX
FCVSX	Fidelity Convertible Securities Fund	Preferred Stock/Convertible Bonds	26	18.58%	—	Jan 1987	ABHYX vs FCVSX
FNMIX	Fidelity New Markets Income Fund	Emerging Markets Bonds	93	4.07%	—	—	ABHYX vs FNMIX
FNSOX	Fidelity Short-Term Bond Index Fund	Total Bond Market	48	0.33%	—	Oct 2017	ABHYX vs FNSOX
FBNDX	Fidelity Investment Grade Bond Fund	Intermediate Core Bond	16	-0.03%	—	Aug 1971	ABHYX vs FBNDX

Compare ABHYX with Any Fund or Stock

Compare ABHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ABHYX with funds that move differently

American Century High-Yield Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ABHYX.

Explore ABHYX Diversifiers

American Century High-Yield Municipal Fund (ABHYX) Alternatives