Delaware Tax Free USA Fund (DMTFX) 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 DMTFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DMTFX
DMTFX charges 0.80% annually. There are 390 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 | DMTFX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | DMTFX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | DMTFX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | DMTFX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | DMTFX vs FSMUX |
Best Risk-Adjusted Alternatives to DMTFX
DMTFX has a PortfoliosLab risk / return rank of 44. There are 457 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 | DMTFX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | DMTFX vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | DMTFX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | DMTFX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | DMTFX vs DFSMX |
Top Performing DMTFX Alternatives (YTD)
DMTFX is at 2.51% YTD. There are 35 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | DMTFX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.70% | — | Nov 2002 | DMTFX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.62% | — | Nov 2001 | DMTFX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 6.57% | — | Oct 1992 | DMTFX vs MIY | |
| Nuveen Virginia Quality Municipal Income Fund | 6.33% | — | Mar 1993 | DMTFX vs NPV |
Lowest Volatility Alternatives to DMTFX
DMTFX has 4.12% 1-year volatility. There are 454 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 | DMTFX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | DMTFX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | DMTFX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | DMTFX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | DMTFX vs DFSMX |
Lowest Drawdown Alternatives to DMTFX
DMTFX has a 1-year max drawdown of -3.60%. There are 451 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 | DMTFX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | DMTFX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | DMTFX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | DMTFX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | DMTFX vs APUSX |
Other Mutual Funds from Delaware Funds
The 10 most viewed Delaware Funds mutual funds shown here include DEMIX, FGINX, WMGAX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | Emerging Markets Diversified | 98 | 145.11% | — | Jun 1996 | DMTFX vs DEMIX | |
| Delaware Growth and Income Fund | Large Cap Value Equities | 96 | 18.91% | — | Oct 1993 | DMTFX vs FGINX | |
| Delaware Ivy Mid Cap Growth Fund | Mid Cap Growth Equities | 5 | 2.76% | — | Jun 2000 | DMTFX vs WMGAX | |
| Delaware Ivy Large Cap Growth Fund | Large Cap Growth Equities | 6 | -2.77% | — | Jun 2000 | DMTFX vs WLGAX | |
| Delaware Small Cap Value Fund | Small Cap Value Equities | 62 | 20.04% | — | Jun 1987 | DMTFX vs DEVLX | |
| Delaware Small Cap Core Fund | Small Cap Blend Equities | 55 | 18.71% | — | Dec 1998 | DMTFX vs DCCIX | |
| Optimum Large Cap Growth Fund | Large Cap Growth Equities | 24 | 5.18% | — | Aug 2003 | DMTFX vs OILGX | |
| Delaware Value Fund | Large Cap Value Equities | 33 | 6.26% | — | Sep 1998 | DMTFX vs DDVIX | |
| Delaware National High-Yield Municipal Bond Fund | High Yield Muni | 29 | 2.29% | — | Sep 1986 | DMTFX vs CXHYX | |
| Delaware Opportunity Fund | Mid Cap Value Equities | 87 | 20.12% | — | Aug 1992 | DMTFX vs FIUSX |
Often Compared With DMTFX
Investors most often compare DMTFX with DMREX, FICGX, IRSAX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare DMTFX with Any Fund or Stock
Compare DMTFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DMTFX with funds that move differently
Delaware Tax Free USA Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DMTFX.
Explore DMTFX Diversifiers