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 230 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 | |
| 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 | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | APUSX vs VTMFX | |
| 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 99. There are 9 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 | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | APUSX vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | APUSX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | APUSX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | APUSX vs DFSMX |
Top Performing APUSX Alternatives (YTD)
APUSX is at 0.81% YTD. There are 429 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 12.91%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 12.91% | — | Apr 1998 | APUSX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.28% | — | Nov 2002 | APUSX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.62% | — | Nov 2001 | APUSX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.99% | — | Mar 1993 | APUSX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 5.87% | — | Oct 1992 | APUSX vs MIY |
Lowest Volatility Alternatives to APUSX
APUSX has 0.78% 1-year volatility. There are 9 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | APUSX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | APUSX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | APUSX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | APUSX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | APUSX vs DFSMX |
Lowest Drawdown Alternatives to APUSX
APUSX has a 1-year max drawdown of -0.10%. There is 1 mutual fund in the Municipal Bonds category with a shallower 1-year drawdown, 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 | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | APUSX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | APUSX vs ATOIX | |
| 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 | 16 | 0.18% | — | Sep 1990 | APUSX vs APBDX | |
| Cavanal Hill World Energy Fund | Energy Equities | 59 | 24.61% | — | Feb 2014 | APUSX vs APWEX | |
| Cavanal Hill Hedged Income Fund | Options Trading | 50 | 5.40% | — | Dec 2020 | APUSX vs APLIX | |
| Cavanal Hill Limited Duration Fund | Short-Term Bond | 29 | 0.53% | — | Oct 1994 | APUSX vs APSTX | |
| Cavanal Hill Strategic Enhanced Yield Fund | Multisector Bonds | 29 | 0.38% | — | Dec 2017 | APUSX vs APENX |
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