DHMBX Alternatives & Similar Mutual Funds

BNY Mellon High Yield Municipal Bond Fund (DHMBX) 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 DHMBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to DHMBX

DHMBX charges 0.69% annually. There are 28 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%	17.60B	Nov 2001	DHMBX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	DHMBX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.60B	Dec 1978	DHMBX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	DHMBX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	DHMBX vs HIMFX

Best Risk-Adjusted Alternatives to DHMBX

DHMBX has a PortfoliosLab risk / return rank of 68. There are 24 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	93	—	Feb 1985	DHMBX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	91	—	Apr 1987	DHMBX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	90	—	Sep 2015	DHMBX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	83	—	Mar 1984	DHMBX vs SRHMX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	82	—	May 2007	DHMBX vs EWHYX

Top Performing DHMBX Alternatives (YTD)

DHMBX is at 3.32% YTD. There are 6 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.27%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	5.27%	—	Nov 2003	DHMBX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.60%	—	May 2007	DHMBX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.49%	—	Jun 2016	DHMBX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.47%	—	Jun 1999	DHMBX vs NHMRX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	3.38%	—	Jun 1999	DHMBX vs NHMAX

Lowest Volatility Alternatives to DHMBX

DHMBX has 3.79% 1-year volatility. There are 39 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.01%.

Symbol	Name	Volatility 1Y	AUM	Inception
RWMIX	Redwood Managed Municipal Income Fund	2.01%	—	Mar 2017	DHMBX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.06%	—	Jun 2015	DHMBX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.24%	—	Jan 2013	DHMBX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.29%	—	Sep 2015	DHMBX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.55%	—	Jun 2018	DHMBX vs TMNIX

Lowest Drawdown Alternatives to DHMBX

DHMBX has a 1-year max drawdown of -3.33%. There are 42 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.80%	—	Jan 2013	DHMBX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	DHMBX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	DHMBX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	DHMBX vs SDHIX
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	DHMBX vs TMNIX

Other Mutual Funds from BNY Mellon

The 10 most viewed BNY Mellon mutual funds shown here include DREVX, PEOPX, DAGVX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
DREVX	BNY Mellon Large Cap Securities Fund	Large Cap Growth Equities	36	7.56%	—	May 1951	DHMBX vs DREVX
PEOPX	BNY Mellon S&P 500 Index Fund	S&P 500	63	9.95%	—	Jan 1990	DHMBX vs PEOPX
DAGVX	BNY Mellon Dynamic Value Fund	Large Cap Value Equities	82	15.01%	—	Sep 1995	DHMBX vs DAGVX
DSPIX	BNY Mellon Institutional S&P 500 Stock Index Fund	S&P 500	66	10.09%	—	Sep 1993	DHMBX vs DSPIX
DRGVX	BNY Mellon Dynamic Value Fund Class I	Large Cap Value Equities	83	15.16%	—	May 2001	DHMBX vs DRGVX
DNLAX	BNY Mellon Natural Resources Fund Class A	Energy Equities	59	17.88%	—	Oct 2003	DHMBX vs DNLAX
DISSX	BNY Mellon Smallcap Stock Index Fund	Small Cap Blend Equities	66	19.49%	—	Jun 1997	DHMBX vs DISSX
DRRIX	BNY Mellon Global Real Return Fund - Class I	Tactical Allocation	74	6.09%	—	May 2010	DHMBX vs DRRIX
DBMYX	BNY Mellon Small/Mid Cap Growth Fund Class Y	Mid Cap Growth Equities	15	12.06%	—	Jun 2013	DHMBX vs DBMYX
DNLDX	BNY Mellon Active MidCap Fund	Mid Cap Blend Equities	52	12.91%	—	Jan 1985	DHMBX vs DNLDX

Often Compared With DHMBX

Investors most often compare DHMBX with BIAEX, SHYTX, FKINX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
BIAEX	Brown Advisory Tax Exempt Bond Fund	Municipal Bonds	74	1.55%	—	Jun 2012	DHMBX vs BIAEX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	65	2.18%	—	Jan 1987	DHMBX vs SHYTX
FKINX	Franklin Income Fund Class A1	Diversified Portfolio	84	4.75%	—	—	DHMBX vs FKINX
SCMBX	DWS Managed Municipal Bond Fund	Municipal Bonds	64	1.89%	—	Oct 1976	DHMBX vs SCMBX
DTGRX	BNY Mellon Technology Growth Fund	Technology Equities	72	34.98%	—	Oct 1997	DHMBX vs DTGRX
STMYX	Sierra Tactical Municipal Fund	High Yield Muni	61	2.16%	—	Dec 2018	DHMBX vs STMYX
FQTHX	Franklin Templeton SMACS: Series H	High Yield Muni	77	3.32%	—	Jun 2019	DHMBX vs FQTHX
PRHAX	PGIM Muni High Income Fund	High Yield Muni	71	2.95%	—	Jan 1990	DHMBX vs PRHAX
MISHX	AB Municipal Income Shares	High Yield Muni	72	2.31%	—	Aug 2010	DHMBX vs MISHX
STXAX	Western Asset Municipal High Income Fund	High Yield Muni	67	2.16%	—	Nov 1992	DHMBX vs STXAX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	78	2.43%	—	Sep 1994	DHMBX vs AMHIX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	68	2.98%	—	May 2015	DHMBX vs RTHAX
GHYIX	Goldman Sachs High Yield Municipal Fund Institutio...	High Yield Muni	60	2.73%	—	Apr 2000	DHMBX vs GHYIX
WHYIX	Allspring High Yield Municipal Bond Fund	High Yield Muni	80	3.21%	—	Jan 2013	DHMBX vs WHYIX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	64	2.52%	—	Jan 2010	DHMBX vs ABTYX
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	80	2.52%	—	Aug 2008	DHMBX vs AHMFX
FRHIX	Franklin High Yield Tax Free Income Fund	High Yield Muni	76	3.04%	—	Mar 1986	DHMBX vs FRHIX
ACTHX	Invesco High Yield Municipal Fund	High Yield Muni	65	2.88%	—	Jan 1986	DHMBX vs ACTHX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	78	3.30%	—	Aug 1995	DHMBX vs ETHYX
ABHYX	American Century High-Yield Municipal Fund	High Yield Muni	68	2.50%	572.53M	Mar 1998	DHMBX vs ABHYX

Compare DHMBX with Any Fund or Stock

Compare DHMBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair DHMBX with funds that move differently

BNY Mellon High Yield Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DHMBX.

Explore DHMBX Diversifiers

BNY Mellon High Yield Municipal Bond Fund (DHMBX) Alternatives