BNY Mellon New Jersey Municipal Bond Fund Class A (DRNJX) 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 DRNJX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DRNJX
DRNJX charges 0.95% annually. There are 435 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 | DRNJX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | DRNJX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | DRNJX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | DRNJX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | DRNJX vs FSMUX |
Best Risk-Adjusted Alternatives to DRNJX
DRNJX has a PortfoliosLab risk / return rank of 79. There are 236 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 | DRNJX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | DRNJX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | DRNJX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | DRNJX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | DRNJX vs TFCYX |
Top Performing DRNJX Alternatives (YTD)
DRNJX is at 1.79% YTD. There are 212 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen New York AMT Free Quality Municipal Income | 10.89% | — | Nov 2002 | DRNJX vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 10.46% | — | Apr 1998 | DRNJX vs NMI | |
| BlackRock MuniYield Michigan Quality Fund | 9.15% | — | Oct 1992 | DRNJX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.14% | — | Nov 2001 | DRNJX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 7.14% | — | Feb 1998 | DRNJX vs MUC |
Lowest Volatility Alternatives to DRNJX
DRNJX has 2.86% 1-year volatility. There are 297 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 | DRNJX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | DRNJX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | DRNJX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | DRNJX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | DRNJX vs USMTX |
Lowest Drawdown Alternatives to DRNJX
DRNJX has a 1-year max drawdown of -2.75%. There are 217 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 | DRNJX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | DRNJX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | DRNJX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | DRNJX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | DRNJX vs DFSMX |
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 | 33 | 8.20% | — | May 1951 | DRNJX vs DREVX | |
| BNY Mellon Dynamic Value Fund | Large Cap Value Equities | 83 | 15.77% | — | Sep 1995 | DRNJX vs DAGVX | |
| BNY Mellon S&P 500 Index Fund | S&P 500 | 62 | 10.62% | — | Jan 1990 | DRNJX vs PEOPX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | S&P 500 | 66 | 10.78% | — | Sep 1993 | DRNJX vs DSPIX | |
| BNY Mellon Dynamic Value Fund Class I | Large Cap Value Equities | 84 | 15.93% | — | May 2001 | DRNJX vs DRGVX | |
| BNY Mellon Natural Resources Fund Class A | Energy Equities | 63 | 17.86% | — | Oct 2003 | DRNJX vs DNLAX | |
| BNY Mellon Technology Growth Fund | Technology Equities | 57 | 26.61% | — | Oct 1997 | DRNJX vs DTGRX | |
| BNY Mellon Smallcap Stock Index Fund | Small Cap Blend Equities | 70 | 21.21% | — | Jun 1997 | DRNJX vs DISSX | |
| BNY Mellon Global Real Return Fund - Class I | Tactical Allocation | 75 | 6.03% | — | May 2010 | DRNJX vs DRRIX | |
| BNY Mellon Small/Mid Cap Growth Fund Class Y | Mid Cap Growth Equities | 16 | 11.55% | — | Jun 2013 | DRNJX vs DBMYX |
Often Compared With DRNJX
Investors most often compare DRNJX with NPV, APUSX, DNLDX. 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 | 28 | 6.53% | — | Mar 1993 | DRNJX vs NPV | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 20 | 1.00% | — | Dec 2017 | DRNJX vs APUSX | |
| BNY Mellon Active MidCap Fund | Mid Cap Blend Equities | 53 | 14.39% | — | Jan 1985 | DRNJX vs DNLDX | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | DRNJX vs DNYMX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 1.02% | — | Dec 2017 | DRNJX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 90 | 2.11% | — | Jun 2012 | DRNJX vs FXIEX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 71 | 6.52% | — | Mar 1998 | DRNJX vs MUJ | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 46 | 5.22% | — | Nov 1992 | DRNJX vs MPA |
Compare DRNJX with Any Fund or Stock
Compare DRNJX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DRNJX with funds that move differently
BNY Mellon New Jersey Municipal Bond Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DRNJX.
Explore DRNJX Diversifiers