Delaware Minnesota High-Yield Municipal Bond Fund (DVMHX) 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 DVMHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DVMHX
DVMHX charges 0.88% annually. There are 426 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 | DVMHX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | DVMHX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | DVMHX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | DVMHX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | DVMHX vs FSMUX |
Best Risk-Adjusted Alternatives to DVMHX
DVMHX has a PortfoliosLab risk / return rank of 86. There are 119 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 Municipal Bond Portfolio | 100 | — | Aug 2002 | DVMHX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | DVMHX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | DVMHX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | DVMHX vs FHMIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | DVMHX vs DFCMX |
Top Performing DVMHX Alternatives (YTD)
DVMHX is at 2.81% YTD. There are 25 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.68%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen New York AMT Free Quality Municipal Income | 10.68% | — | Nov 2002 | DVMHX vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 10.10% | — | Apr 1998 | DVMHX vs NMI | |
| BlackRock MuniYield Michigan Quality Fund | 8.97% | — | Oct 1992 | DVMHX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.95% | — | Nov 2001 | DVMHX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.75% | — | Feb 1998 | DVMHX vs MUC |
Lowest Volatility Alternatives to DVMHX
DVMHX has 3.68% 1-year volatility. There are 439 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 Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | DVMHX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | DVMHX vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | DVMHX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | DVMHX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | DVMHX vs USMTX |
Lowest Drawdown Alternatives to DVMHX
DVMHX has a 1-year max drawdown of -3.55%. There are 442 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 | DVMHX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | DVMHX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | DVMHX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | DVMHX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | DVMHX vs DFABX |
Other Mutual Funds from Delaware Funds by Macquarie
The 8 most viewed Delaware Funds by Macquarie mutual funds shown here include DDFLX, DLHIX, IPOAX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Delaware Floating Rate Fund | Bank Loan | 95 | 2.31% | — | Feb 2010 | DVMHX vs DDFLX | |
| Delaware Healthcare Fund | Health & Biotech Equities | 63 | 4.05% | — | Sep 2007 | DVMHX vs DLHIX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | Emerging Markets Diversified | 53 | 20.84% | — | Oct 1993 | DVMHX vs IPOAX | |
| Delaware Ivy Balanced Fund | Diversified Portfolio | 36 | 7.50% | — | Nov 1987 | DVMHX vs IBNAX | |
| Delaware Extended Duration Bond Fund | Long-Term Bond | 11 | -0.76% | — | Sep 1998 | DVMHX vs DEEIX | |
| Delaware Strategic Income Fund | Multisector Bonds | 74 | 1.15% | — | Aug 1985 | DVMHX vs DEGGX | |
| Delaware Ivy Global Growth Fund | Global Equities | 25 | 10.21% | — | Apr 1986 | DVMHX vs IVINX | |
| Delaware Tax-Free Minnesota Fund | Municipal Bonds | 79 | 2.21% | — | Feb 1984 | DVMHX vs DEFFX |
Often Compared With DVMHX
Investors most often compare DVMHX with MINN, NHMRX, APUSX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare DVMHX with Any Fund or Stock
Compare DVMHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DVMHX with funds that move differently
Delaware Minnesota High-Yield Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DVMHX.
Explore DVMHX Diversifiers