Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with APUSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to APUSX
APUSX charges 0.60% annually. There are 229 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | APUSX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | APUSX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | APUSX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | APUSX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | APUSX vs FSMUX |
Best Risk-Adjusted Alternatives to APUSX
APUSX has a PortfoliosLab risk / return rank of 19. There are 470 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | APUSX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | APUSX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 99 | — | Apr 2022 | APUSX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | APUSX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | APUSX vs TFCYX |
Top Performing APUSX Alternatives (YTD)
APUSX is at 0.90% YTD. There are 68 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.88%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.88% | — | Apr 1998 | APUSX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 6.63% | — | Nov 2002 | APUSX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 5.90% | — | Oct 1992 | APUSX vs MIY | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 4.67% | 12.30B | Sep 1994 | APUSX vs VTMFX | |
| BlackRock MuniHoldings New Jersey Quality Fund | 3.83% | — | Mar 1998 | APUSX vs MUJ |
Lowest Volatility Alternatives to APUSX
APUSX has 15.75% 1-year volatility. There are 478 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.54% | — | Aug 2002 | APUSX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | APUSX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | APUSX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.63% | — | May 2016 | APUSX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.65% | — | May 2016 | APUSX vs USMTX |
Lowest Drawdown Alternatives to APUSX
APUSX has a 1-year max drawdown of -10.36%. There are 476 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | APUSX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | APUSX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | APUSX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | APUSX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | APUSX vs DFSMX |
Other Mutual Funds from Cavanal Hill
The 6 most viewed Cavanal Hill mutual funds shown here include APBDX, APWEX, APLIX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Cavanal Hill Bond Fund | Intermediate Core Bond | 12 | -1.16% | — | Sep 1990 | APUSX vs APBDX | |
| Cavanal Hill World Energy Fund | Energy Equities | 67 | 26.30% | — | Feb 2014 | APUSX vs APWEX | |
| Cavanal Hill Hedged Income Fund | Options Trading | 41 | 6.31% | — | Dec 2020 | APUSX vs APLIX | |
| Cavanal Hill Limited Duration Fund | Short-Term Bond | 32 | 0.27% | — | Oct 1994 | APUSX vs APSTX | |
| Cavanal Hill Strategic Enhanced Yield Fund | Multisector Bonds | 18 | -0.94% | — | Dec 2017 | APUSX vs APENX | |
| Cavanal Hill World Energy Fund Institutional Class | Energy Equities | 67 | 26.43% | — | Feb 2014 | APUSX vs AIWEX |
Often Compared With APUSX
Investors most often compare APUSX with ALTHX, CBTAX, MYI. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare APUSX with Any Fund or Stock
Compare APUSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair APUSX with funds that move differently
Cavanal Hill Ultra Short Tax-Free Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to APUSX.
Explore APUSX Diversifiers