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 | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | DHMBX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | DHMBX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | DHMBX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | DHMBX vs EWHYX | |
| 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 84. There are 20 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 96 | — | Feb 1985 | DHMBX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 95 | — | Apr 1987 | DHMBX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 94 | — | Sep 2015 | DHMBX vs ISHYX | |
| Columbia High Yield Municipal Fund | 92 | — | Mar 1984 | DHMBX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 92 | — | Jan 2013 | DHMBX vs WHYIX |
Top Performing DHMBX Alternatives (YTD)
DHMBX is at 3.68% YTD. There are 8 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.89% | — | Nov 2003 | DHMBX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 4.05% | — | May 2007 | DHMBX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.97% | — | Jun 2016 | DHMBX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.92% | — | Mar 1984 | DHMBX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 3.88% | — | Jun 1999 | DHMBX vs NHMRX |
Lowest Volatility Alternatives to DHMBX
DHMBX has 3.79% 1-year volatility. There are 38 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | DHMBX vs SDHIX | |
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | DHMBX vs RWMIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.26% | — | Jan 2013 | DHMBX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | DHMBX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | DHMBX vs TMNIX |
Lowest Drawdown Alternatives to DHMBX
DHMBX has a 1-year max drawdown of -3.33%. There are 43 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.79%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | DHMBX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | DHMBX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | DHMBX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | DHMBX vs SDHIX | |
| 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, DAGVX, PEOPX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BNY Mellon Large Cap Securities Fund | Large Cap Growth Equities | 30 | 7.48% | — | May 1951 | DHMBX vs DREVX | |
| BNY Mellon Dynamic Value Fund | Large Cap Value Equities | 84 | 16.41% | — | Sep 1995 | DHMBX vs DAGVX | |
| BNY Mellon S&P 500 Index Fund | S&P 500 | 61 | 10.61% | — | Jan 1990 | DHMBX vs PEOPX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | S&P 500 | 65 | 10.78% | — | Sep 1993 | DHMBX vs DSPIX | |
| BNY Mellon Dynamic Value Fund Class I | Large Cap Value Equities | 85 | 16.59% | — | May 2001 | DHMBX vs DRGVX | |
| BNY Mellon Natural Resources Fund Class A | Energy Equities | 53 | 15.11% | — | Oct 2003 | DHMBX vs DNLAX | |
| BNY Mellon Technology Growth Fund | Technology Equities | 57 | 28.92% | — | Oct 1997 | DHMBX vs DTGRX | |
| BNY Mellon Smallcap Stock Index Fund | Small Cap Blend Equities | 69 | 21.30% | — | Jun 1997 | DHMBX vs DISSX | |
| BNY Mellon Global Real Return Fund - Class I | Tactical Allocation | 73 | 5.85% | — | May 2010 | DHMBX vs DRRIX | |
| BNY Mellon Small/Mid Cap Growth Fund Class Y | Mid Cap Growth Equities | 17 | 12.98% | — | Jun 2013 | DHMBX vs DBMYX |
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.
Compare DHMBX with Any Fund or Stock
Compare DHMBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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