BNY Mellon High Yield Municipal Bond Fund (DHMBX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to DHMBX
DHMBX charges 0.69% annually. Among mutual funds in the High Yield Muni category, these options have the lowest expense ratios among DHMBX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | Aug 3, 2014 | DHMBX vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | May 9, 2007 | DHMBX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | Jan 27, 2017 | DHMBX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | Aug 1, 2008 | DHMBX vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | Jun 14, 2015 | DHMBX vs SDHIX |
Best Risk-Adjusted Alternatives to DHMBX
Among mutual funds in the High Yield Muni category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 83 | Jun 10, 2018 | DHMBX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 70 | Jun 14, 2015 | DHMBX vs SDHIX | |
| T. Rowe Price Tax Free High Yield Fund | 65 | Feb 28, 1985 | DHMBX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 54 | Sep 29, 2015 | DHMBX vs ISHYX | |
| AB Municipal Income Shares | 43 | Aug 31, 2010 | DHMBX vs MISHX |
Top Performing DHMBX Alternatives (YTD)
DHMBX alternatives from the High Yield Muni category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 3.79% | Nov 19, 2003 | DHMBX vs NMZ | |
| T. Rowe Price Tax Free High Yield Fund | 0.17% | Feb 28, 1985 | DHMBX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 0.13% | Sep 29, 2015 | DHMBX vs ISHYX | |
| Redwood Managed Municipal Income Fund | 0.01% | Mar 8, 2017 | DHMBX vs RWMIX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.00% | May 9, 2007 | DHMBX vs EWHYX |
Lowest Volatility Alternatives to DHMBX
DHMBX alternatives from the High Yield Muni category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 2.35% | Jun 10, 2018 | DHMBX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 3.46% | Jun 14, 2015 | DHMBX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 3.77% | Jan 31, 2013 | DHMBX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 3.83% | Sep 29, 2015 | DHMBX vs ISHYX | |
| Redwood Managed Municipal Income Fund | 3.89% | Mar 8, 2017 | DHMBX vs RWMIX |
Lowest Drawdown Alternatives to DHMBX
DHMBX alternatives from the High Yield Muni category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | -2.21% | Jun 10, 2018 | DHMBX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | -3.22% | Jun 14, 2015 | DHMBX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -3.63% | Jan 31, 2013 | DHMBX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -3.79% | Sep 29, 2015 | DHMBX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -3.81% | May 30, 2013 | DHMBX vs AHYMX |
Other Mutual Funds from BNY Mellon
Most popular BNY Mellon mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| BNY Mellon Large Cap Securities Fund | Large Cap Growth Equities | 35 | -9.64% | May 24, 1951 | DHMBX vs DREVX | |
| BNY Mellon S&P 500 Index Fund | S&P 500 | 43 | -7.16% | Jan 2, 1990 | DHMBX vs PEOPX | |
| BNY Mellon Dynamic Value Fund | Large Cap Value Equities | 52 | 0.06% | Sep 29, 1995 | DHMBX vs DAGVX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | S&P 500 | 45 | -7.09% | Sep 30, 1993 | DHMBX vs DSPIX | |
| BNY Mellon Global Real Return Fund - Class I | Tactical Allocation | 74 | 1.51% | May 12, 2010 | DHMBX vs DRRIX | |
| BNY Mellon Natural Resources Fund Class A | Energy Equities | 86 | 22.63% | Oct 31, 2003 | DHMBX vs DNLAX | |
| BNY Mellon Smallcap Stock Index Fund | Small Cap Blend Equities | 36 | 0.59% | Jun 30, 1997 | DHMBX vs DISSX | |
| BNY Mellon Dynamic Value Fund Class I | Large Cap Value Equities | 53 | 0.14% | May 31, 2001 | DHMBX vs DRGVX | |
| BNY Mellon Small/Mid Cap Growth Fund Class Y | Mid Cap Growth Equities | 19 | -8.30% | Jun 1, 2013 | DHMBX vs DBMYX | |
| BNY Mellon Technology Growth Fund | Technology Equities | 44 | -11.55% | Oct 12, 1997 | DHMBX vs DTGRX |
Often Compared With DHMBX
What investors most often compare with DHMBX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Brown Advisory Tax Exempt Bond Fund | Municipal Bonds | 70 | -0.69% | Jun 28, 2012 | DHMBX vs BIAEX | |
| DWS Strategic High Yield Tax | High Yield Muni | 26 | -0.53% | Jan 21, 1987 | DHMBX vs SHYTX | |
| DWS Managed Municipal Bond Fund | Municipal Bonds | 36 | -0.34% | Oct 13, 1976 | DHMBX vs SCMBX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 82 | 2.15% | — | DHMBX vs FKINX |
Compare DHMBX with Any Fund or Stock
Compare DHMBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.