Elfun Tax Exempt Income Fund (ELFTX) 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 ELFTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ELFTX
ELFTX charges 0.21% annually. There are 39 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 | ELFTX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | ELFTX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | ELFTX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | ELFTX vs FSMUX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.07% | — | Dec 2017 | ELFTX vs FGNSX |
Best Risk-Adjusted Alternatives to ELFTX
ELFTX has a PortfoliosLab risk / return rank of 64. There are 275 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 | ELFTX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | ELFTX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | ELFTX vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | ELFTX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | ELFTX vs DFSMX |
Top Performing ELFTX Alternatives (YTD)
ELFTX is at 1.31% YTD. There are 250 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.27% | — | Apr 1998 | ELFTX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 8.40% | — | Nov 2002 | ELFTX vs NRK | |
| Nuveen Virginia Quality Municipal Income Fund | 7.07% | — | Mar 1993 | ELFTX vs NPV | |
| AllianceBernstein National Municipal Income Fund | 6.29% | — | Nov 2001 | ELFTX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.83% | — | Oct 1992 | ELFTX vs MIY |
Lowest Volatility Alternatives to ELFTX
ELFTX has 2.78% 1-year volatility. There are 263 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 | ELFTX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | ELFTX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | ELFTX vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | ELFTX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | ELFTX vs DFSMX |
Lowest Drawdown Alternatives to ELFTX
ELFTX has a 1-year max drawdown of -2.79%. There are 240 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 | ELFTX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | ELFTX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | ELFTX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | ELFTX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | ELFTX vs FHMIX |
Other Mutual Funds from State Street
The 10 most viewed State Street mutual funds shown here include SSSYX, SVSPX, SSEYX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street Equity 500 Index Fund Class K | Large Cap Blend Equities | 74 | 11.54% | — | Sep 2014 | ELFTX vs SSSYX | |
| State Street S&P 500 Index Fund Class N | Large Cap Blend Equities | 76 | 11.48% | — | Dec 1992 | ELFTX vs SVSPX | |
| State Street Equity 500 Index II Portfolio | Large Cap Blend Equities | 73 | 11.55% | — | Aug 2014 | ELFTX vs SSEYX | |
| State Street Global All Cap Equity ex-U.S.Index Po... | Foreign Large Cap Equities | 63 | 14.22% | — | Sep 2014 | ELFTX vs SSGVX | |
| Elfun Trusts | Large Cap Growth Equities | 44 | 7.37% | — | May 1935 | ELFTX vs ELFNX | |
| State Street Aggregate Bond Index Portfolio | Intermediate Core Bond | 22 | 0.37% | — | Sep 2014 | ELFTX vs SSAFX | |
| State Street Global All Cap Equity ex-U.S. Index F... | Foreign Large Cap Equities | 62 | 14.17% | — | Sep 2014 | ELFTX vs SSGJX | |
| State Street U.S. Core Equity Fund | Large Cap Blend Equities | 52 | 8.10% | — | Dec 1979 | ELFTX vs SSAQX | |
| Elfun Income Fund | Intermediate Core-Plus Bond | 16 | 0.04% | — | Dec 1984 | ELFTX vs EINFX | |
| State Street Target Retirement 2040 Fund | Target Retirement Date | 71 | 9.64% | — | Sep 2014 | ELFTX vs SSCNX |
Often Compared With ELFTX
Investors most often compare ELFTX with VOHIX, VWAHX, QQQ. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare ELFTX with Any Fund or Stock
Compare ELFTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ELFTX with funds that move differently
Elfun Tax Exempt Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ELFTX.
Explore ELFTX Diversifiers