BNY MellonCalifornia AMT-Free Municipal Bond Fund (DRCAX) 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 DRCAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DRCAX
DRCAX charges 0.72% annually. There are 315 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 | DRCAX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | DRCAX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | DRCAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | DRCAX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | DRCAX vs FSMUX |
Best Risk-Adjusted Alternatives to DRCAX
DRCAX has a PortfoliosLab risk / return rank of 75. There are 285 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 | DRCAX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | DRCAX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | DRCAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | DRCAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | DRCAX vs TFCYX |
Top Performing DRCAX Alternatives (YTD)
DRCAX is at 1.93% YTD. There are 201 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.06% | — | Apr 1998 | DRCAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.21% | — | Nov 2002 | DRCAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.32% | — | Oct 1992 | DRCAX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.66% | — | Nov 2001 | DRCAX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.62% | — | Feb 1998 | DRCAX vs MUC |
Lowest Volatility Alternatives to DRCAX
DRCAX has 2.87% 1-year volatility. There are 303 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | DRCAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | DRCAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | DRCAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | DRCAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | DRCAX vs USMTX |
Lowest Drawdown Alternatives to DRCAX
DRCAX has a 1-year max drawdown of -2.92%. There are 293 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 | DRCAX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | DRCAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | DRCAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | DRCAX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | DRCAX vs DFABX |
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 | 32 | 8.05% | — | May 1951 | DRCAX vs DREVX | |
| BNY Mellon Dynamic Value Fund | Large Cap Value Equities | 83 | 16.65% | — | Sep 1995 | DRCAX vs DAGVX | |
| BNY Mellon S&P 500 Index Fund | S&P 500 | 62 | 11.08% | — | Jan 1990 | DRCAX vs PEOPX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | S&P 500 | 65 | 11.25% | — | Sep 1993 | DRCAX vs DSPIX | |
| BNY Mellon Dynamic Value Fund Class I | Large Cap Value Equities | 84 | 16.83% | — | May 2001 | DRCAX vs DRGVX | |
| BNY Mellon Natural Resources Fund Class A | Energy Equities | 51 | 16.02% | — | Oct 2003 | DRCAX vs DNLAX | |
| BNY Mellon Technology Growth Fund | Technology Equities | 59 | 28.44% | — | Oct 1997 | DRCAX vs DTGRX | |
| BNY Mellon Smallcap Stock Index Fund | Small Cap Blend Equities | 65 | 21.34% | — | Jun 1997 | DRCAX vs DISSX | |
| BNY Mellon Global Real Return Fund - Class I | Tactical Allocation | 72 | 6.03% | — | May 2010 | DRCAX vs DRRIX | |
| BNY Mellon Small/Mid Cap Growth Fund Class Y | Mid Cap Growth Equities | 16 | 12.01% | — | Jun 2013 | DRCAX vs DBMYX |
Often Compared With DRCAX
Investors most often compare DRCAX with NPV, DNYMX, APUSX. These 8 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 29 | 6.33% | — | Mar 1993 | DRCAX vs NPV | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | DRCAX vs DNYMX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 19 | 1.00% | — | Dec 2017 | DRCAX vs APUSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 70 | 6.57% | — | Mar 1998 | DRCAX vs MUJ | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 88 | 2.22% | — | Jun 2012 | DRCAX vs FXIEX | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 42 | 4.82% | — | Nov 1992 | DRCAX vs MPA | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 1.02% | — | Dec 2017 | DRCAX vs FGNSX | |
| BNY Mellon Active MidCap Fund | Mid Cap Blend Equities | 51 | 14.51% | — | Jan 1985 | DRCAX vs DNLDX |
Compare DRCAX with Any Fund or Stock
Compare DRCAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DRCAX with funds that move differently
BNY MellonCalifornia AMT-Free Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DRCAX.
Explore DRCAX Diversifiers