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%	17.80B	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%	17.80B	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 83. There are 33 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
SRHMX	Columbia High Yield Municipal Fund	94	—	Mar 1984	ABHYX vs SRHMX
ISHYX	Invesco Short Duration High Yield Municipal Fund	94	—	Sep 2015	ABHYX vs ISHYX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	94	—	May 2007	ABHYX vs EWHYX

Top Performing ABHYX Alternatives (YTD)

ABHYX is at 1.21% YTD. There are 35 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.20%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	4.20%	—	Nov 2003	ABHYX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	2.53%	—	May 2007	ABHYX vs EWHYX
SRHMX	Columbia High Yield Municipal Fund	2.33%	—	Mar 1984	ABHYX vs SRHMX
WHYIX	Allspring High Yield Municipal Bond Fund	2.06%	—	Jan 2013	ABHYX vs WHYIX
PRFHX	T. Rowe Price Tax Free High Yield Fund	2.05%	—	Feb 1985	ABHYX vs PRFHX

Lowest Volatility Alternatives to ABHYX

ABHYX has 3.35% 1-year volatility. There are 23 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.13%.

Symbol	Name	Volatility 1Y	AUM	Inception
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.13%	—	Jun 2015	ABHYX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.17%	—	Jan 2013	ABHYX vs NVHIX
RWMIX	Redwood Managed Municipal Income Fund	2.27%	—	Mar 2017	ABHYX vs RWMIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.35%	—	Sep 2015	ABHYX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	2.62%	—	May 2013	ABHYX vs AHYMX

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 -1.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.71%	—	Feb 2024	ABHYX vs FDUAX
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
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 8 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	11	-0.19%	26.59B	Nov 1981	ABHYX vs TWCUX
TWCGX	American Century Growth Fund Investor Class	Large Cap Growth Equities, Actively Managed	13	0.88%	14.71B	Jun 1971	ABHYX vs TWCGX
ACIHX	American Century Growth Fund G Class	Large Cap Growth Equities	14	1.37%	—	Mar 2022	ABHYX vs ACIHX
BGEIX	American Century Global Gold Fund	Gold, Precious Metals	32	-11.13%	1.76B	Aug 1988	ABHYX vs BGEIX
ACFOX	American Century Investments Focused Dynamic Growt...	Large Cap Growth Equities	10	-3.37%	2.12B	May 2006	ABHYX vs ACFOX
TWCIX	American Century Select Fund	Large Cap Growth Equities	13	-1.01%	6.39B	Jun 1971	ABHYX vs TWCIX
TWEIX	American Century Equity Income Fund	Dividend, Large Cap Value Equities	83	13.18%	6.45B	Aug 1994	ABHYX vs TWEIX
TWHIX	American Century Heritage Fund	Mid Cap Growth Equities	4	3.13%	5.37B	Nov 1987	ABHYX vs TWHIX
BCHYX	American Century California High Yield Municipal F...	Municipal Bonds	87	0.86%	1.62B	Dec 1986	ABHYX vs BCHYX
BIGRX	American Century Disciplined Core Value Fund	Large Cap Value Equities	90	15.47%	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 7 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	88	0.77%	—	May 1991	ABHYX vs WTCOX
PRTAX	T. Rowe Price Tax Free Income Fund	Municipal Bonds	86	1.02%	—	Oct 1976	ABHYX vs PRTAX
ETGAX	Eaton Vance Georgia Municipal Income Fund	Municipal Bonds	81	0.54%	—	Dec 1993	ABHYX vs ETGAX
MUNI	PIMCO Intermediate Municipal Bond Active ETF	Municipal Bonds	74	0.37%	3.09B	Nov 2009	ABHYX vs MUNI
^SP500TR	S&P 500 Total Return		77	10.14%	—	—	ABHYX vs ^SP500TR
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	90	1.46%	—	Aug 2008	ABHYX vs AHMFX
TMNIX	Counterpoint Tactical Municipal Fund	High Yield Muni	71	0.40%	—	Jun 2018	ABHYX vs TMNIX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	High Yield Muni	87	1.76%	—	Jun 1999	ABHYX vs NHMAX
ACIIX	American Century Equity Income Fund Class I	Dividend, Large Cap Value Equities	84	13.38%	—	Jul 1998	ABHYX vs ACIIX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	High Yield Muni	91	1.89%	—	Jun 2016	ABHYX vs NHMFX
PHMIX	PIMCO High Yield Municipal Bond Fund	High Yield Muni	86	1.60%	—	Jul 2006	ABHYX vs PHMIX
BULIX	American Century Utilities Fund	Utilities Equities	18	6.99%	312.77M	Feb 1993	ABHYX vs BULIX
NMHIX	Neuberger Berman Municipal High Income Fund	High Yield Muni	—	—	—	Jun 2015	ABHYX vs NMHIX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	89	1.85%	—	Sep 2005	ABHYX vs DHMBX
MISHX	AB Municipal Income Shares	High Yield Muni	81	0.89%	—	Aug 2010	ABHYX vs MISHX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	89	1.95%	—	May 2015	ABHYX vs RTHAX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	92	2.04%	—	Aug 1995	ABHYX vs ETHYX
FCVSX	Fidelity Convertible Securities Fund	Convertible Bonds	23	14.49%	—	Jan 1987	ABHYX vs FCVSX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	89	1.87%	—	Jun 1999	ABHYX vs NHMRX
FAGIX	Fidelity Capital & Income Fund	High Yield Bonds	74	5.47%	—	Nov 1977	ABHYX vs FAGIX

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