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 228 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 | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | APUSX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | APUSX vs NMTRX | |
| 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 467 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 Selective State Municipal Bond Port... | 100 | — | Apr 2022 | APUSX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | APUSX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | APUSX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | APUSX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | APUSX vs FHMIX |
Top Performing APUSX Alternatives (YTD)
APUSX is at 1.00% YTD. There are 398 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.97% | — | Apr 1998 | APUSX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.93% | — | Nov 2002 | APUSX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.42% | — | Oct 1992 | APUSX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.33% | — | Nov 2001 | APUSX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 7.11% | — | Feb 1998 | APUSX vs MUC |
Lowest Volatility Alternatives to APUSX
APUSX has 15.78% 1-year volatility. There are 473 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | APUSX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.56% | — | Aug 2002 | APUSX vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | APUSX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | APUSX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | APUSX vs USMTX |
Lowest Drawdown Alternatives to APUSX
APUSX has a 1-year max drawdown of -10.36%. There are 472 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 | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | APUSX vs FHMIX | |
| 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 | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | APUSX vs DFABX |
Other Mutual Funds from Cavanal Hill funds
The 5 most viewed Cavanal Hill funds 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 | 20 | -0.33% | — | Sep 1990 | APUSX vs APBDX | |
| Cavanal Hill World Energy Fund | Energy Equities | 65 | 26.01% | — | Feb 2014 | APUSX vs APWEX | |
| Cavanal Hill Hedged Income Fund | Options Trading | 43 | 6.08% | — | Dec 2020 | APUSX vs APLIX | |
| Cavanal Hill Strategic Enhanced Yield Fund | Multisector Bonds | 31 | -0.14% | — | Dec 2017 | APUSX vs APENX | |
| Cavanal Hill Limited Duration Fund | Short-Term Bond | 31 | 0.49% | — | Oct 1994 | APUSX vs APSTX |
Often Compared With APUSX
Investors most often compare APUSX with ALTHX, CBTAX, MYI. These 20 comparison targets span 1 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