AB Municipal Income Fund II Virginia Portfolio (AVAAX) 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 AVAAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AVAAX
AVAAX charges 0.80% annually. There are 388 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 | AVAAX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | AVAAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | AVAAX vs FHMIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | AVAAX vs VTMFX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | AVAAX vs FSMUX |
Best Risk-Adjusted Alternatives to AVAAX
AVAAX has a PortfoliosLab risk / return rank of 72. There are 332 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 | AVAAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | AVAAX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | AVAAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | AVAAX vs FHMIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | AVAAX vs DNYMX |
Top Performing AVAAX Alternatives (YTD)
AVAAX is at 1.38% YTD. There are 245 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.24% | — | Apr 1998 | AVAAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.95% | — | Nov 2002 | AVAAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.09% | — | Oct 1992 | AVAAX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.05% | — | Nov 2001 | AVAAX vs AFB | |
| BlackRock MuniHoldings New Jersey Quality Fund | 6.08% | — | Mar 1998 | AVAAX vs MUJ |
Lowest Volatility Alternatives to AVAAX
AVAAX has 2.65% 1-year volatility. There are 234 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 | AVAAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | AVAAX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | AVAAX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.58% | — | Apr 2007 | AVAAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | AVAAX vs USMTX |
Lowest Drawdown Alternatives to AVAAX
AVAAX has a 1-year max drawdown of -2.91%. There are 287 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 | AVAAX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | AVAAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | AVAAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | AVAAX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | AVAAX vs DFSMX |
Other Mutual Funds from AllianceBernstein
The 10 most viewed AllianceBernstein mutual funds shown here include APGAX, APGYX, APGZX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AB Large Cap Growth Fund Class A | Large Cap Growth Equities | 9 | 3.48% | — | Oct 1996 | AVAAX vs APGAX | |
| AB Large Cap Growth Fund Advisor Class | Large Cap Growth Equities | 9 | 3.62% | — | Jan 1996 | AVAAX vs APGYX | |
| AB Large Cap Growth Fund Class Z | Large Cap Growth Equities | 9 | 3.67% | — | Jul 2015 | AVAAX vs APGZX | |
| AB Growth Fund | Large Cap Growth Equities | 9 | 5.05% | — | Sep 1990 | AVAAX vs AGRFX | |
| AB Municipal Income Shares | High Yield Muni | 83 | 2.08% | — | Aug 2010 | AVAAX vs MISHX | |
| AB High Income Fund | High Yield Bonds | 72 | 2.18% | — | Feb 1994 | AVAAX vs AGDAX | |
| AB Sustainable Global Thematic Fund | Global Equities | 4 | 2.79% | — | Feb 1982 | AVAAX vs ALTFX | |
| AB Small Cap Growth Portfolio | Small Cap Growth Equities | 23 | 16.69% | — | Feb 1969 | AVAAX vs QUASX | |
| AllianceBernstein Global High Income Closed Fund | High Yield Bonds | 2 | -1.51% | — | Jul 1993 | AVAAX vs AWF | |
| AB Income Fund | Intermediate Core-Plus Bond | 19 | 0.08% | — | Aug 1987 | AVAAX vs ACGYX |
Often Compared With AVAAX
Investors most often compare AVAAX with FXIEX, APUSX, NPV. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 91 | 1.90% | — | Jun 2012 | AVAAX vs FXIEX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 17 | 1.00% | — | Dec 2017 | AVAAX vs APUSX | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 20 | 4.37% | — | Mar 1993 | AVAAX vs NPV | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 45 | 4.38% | — | Nov 1992 | AVAAX vs MPA | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.92% | — | Dec 2017 | AVAAX vs FGNSX | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 50 | 5.97% | — | Feb 1998 | AVAAX vs MUC |
Compare AVAAX with Any Fund or Stock
Compare AVAAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AVAAX with funds that move differently
AB Municipal Income Fund II Virginia Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AVAAX.
Explore AVAAX Diversifiers