ELFTX Alternatives & Similar Mutual Funds

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
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	ELFTX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	ELFTX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	ELFTX vs FHMIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	ELFTX vs VTMFX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	ELFTX vs FSMUX

Best Risk-Adjusted Alternatives to ELFTX

ELFTX has a PortfoliosLab risk / return rank of 68. There are 209 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	ELFTX vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	100	—	Dec 2002	ELFTX vs ATOIX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	99	—	Apr 2022	ELFTX vs DFABX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	ELFTX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	ELFTX vs TFCYX

Top Performing ELFTX Alternatives (YTD)

ELFTX is at 0.08% YTD. There are 326 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.88%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	10.88%	—	Apr 1998	ELFTX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	6.63%	—	Nov 2002	ELFTX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	5.90%	—	Oct 1992	ELFTX vs MIY
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	4.67%	12.30B	Sep 1994	ELFTX vs VTMFX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	3.83%	—	Mar 1998	ELFTX vs MUJ

Lowest Volatility Alternatives to ELFTX

ELFTX has 2.81% 1-year volatility. There are 252 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.54%	—	Aug 2002	ELFTX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.57%	—	Apr 2022	ELFTX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	ELFTX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.63%	—	May 2016	ELFTX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.65%	—	May 2016	ELFTX vs USMTX

Lowest Drawdown Alternatives to ELFTX

ELFTX has a 1-year max drawdown of -2.79%. There are 239 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
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	ELFTX vs BATVX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	ELFTX vs TFCYX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	ELFTX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	ELFTX vs FHMIX
DFSMX	DFA Short Term Municipal Bond Portfolio	-0.11%	—	Aug 2002	ELFTX vs DFSMX

Other Mutual Funds from State Street

The 10 most viewed State Street mutual funds shown here include SSSYX, SVSPX, SSEYX and span 7 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SSSYX	State Street Equity 500 Index Fund Class K	S&P 500, Large Cap Blend Equities	59	10.11%	—	Sep 2014	ELFTX vs SSSYX
SVSPX	State Street S&P 500 Index Fund Class N	Large Cap Blend Equities	75	10.04%	—	Dec 1992	ELFTX vs SVSPX
SSEYX	State Street Equity 500 Index II Portfolio	Large Cap Blend Equities	57	10.12%	—	Aug 2014	ELFTX vs SSEYX
SSGVX	State Street Global All Cap Equity ex-U.S.Index Po...	Foreign Large Cap Equities	75	13.56%	—	Sep 2014	ELFTX vs SSGVX
ELFNX	Elfun Trusts	Large Cap Growth Equities	28	6.97%	—	May 1935	ELFTX vs ELFNX
SSAFX	State Street Aggregate Bond Index Portfolio	Intermediate Core Bond	17	-0.61%	—	Sep 2014	ELFTX vs SSAFX
SSGJX	State Street Global All Cap Equity ex-U.S. Index F...	Foreign Large Cap Equities	74	13.48%	—	Sep 2014	ELFTX vs SSGJX
SSHQX	State Street Hedged International Developed Equity...	Foreign Large Cap Equities	86	14.11%	—	May 2015	ELFTX vs SSHQX
EINFX	Elfun Income Fund	Intermediate Core-Plus Bond	11	-1.31%	—	Dec 1984	ELFTX vs EINFX
SSCNX	State Street Target Retirement 2040 Fund	Target Retirement Date	66	8.49%	—	Sep 2014	ELFTX vs SSCNX

Often Compared With ELFTX

Investors most often compare ELFTX with VOHIX, VWAHX, NZF. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VOHIX	Vanguard Ohio Long-Term Tax-Exempt Fund	Municipal Bonds	69	0.28%	1.60B	Jun 1990	ELFTX vs VOHIX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	High Yield Muni, Municipal Bonds	77	0.92%	17.80B	Dec 1978	ELFTX vs VWAHX
NZF	Nuveen Municipal Credit Income Fund	Municipal Bonds	31	1.26%	—	Mar 2001	ELFTX vs NZF
QQQ	Invesco QQQ ETF	Nasdaq-100	58	14.23%	452.80B	Mar 1999	ELFTX vs QQQ
SSAQX	State Street U.S. Core Equity Fund	Large Cap Blend Equities	35	7.63%	—	Dec 1979	ELFTX vs SSAQX
SSCJX	State Street Target Retirement 2035 Fund	Target Retirement Date	65	7.75%	—	Sep 2014	ELFTX vs SSCJX
SSBRX	State Street Target Retirement 2025 Fund	Target Retirement Date	83	6.18%	—	Sep 2014	ELFTX vs SSBRX
SSDDX	State Street Target Retirement 2045 Fund	Target Retirement Date	65	9.22%	—	Sep 2014	ELFTX vs SSDDX
SSMKX	State Street Small/Mid Cap Equity Index Fund	Mid Cap Blend Equities	43	13.33%	—	Aug 2015	ELFTX vs SSMKX
SSBWX	State Street Target Retirement 2030 Fund	Target Retirement Date	72	6.95%	—	Sep 2014	ELFTX vs SSBWX
EGLBX	Elfun International Equity Fund	Foreign Large Cap Equities	40	11.52%	—	Jan 1988	ELFTX vs EGLBX
SSDOX	State Street Target Retirement 2055 Fund	Target Retirement Date	68	10.40%	—	Sep 2014	ELFTX vs SSDOX
SSASX	State Street Income Fund	Intermediate Core-Plus Bond	11	-1.33%	—	Jan 1980	ELFTX vs SSASX
SSFEX	State Street Aggregate Bond Index Fund Class K	Total Bond Market	17	-0.62%	—	—	ELFTX vs SSFEX
SSKEX	State Street Emerging Markets Equity Index Fund	Emerging Markets Equities	73	21.11%	—	Dec 2015	ELFTX vs SSKEX
SSMHX	State Street Small/Mid Cap Equity Index Portfolio	Mid Cap Growth Equities	44	13.35%	—	Aug 2015	ELFTX vs SSMHX
NAD	Nuveen Quality Municipal Income Fund		76	1.26%	—	—	ELFTX vs NAD
ELDFX	Elfun Diversified Fund	Diversified Portfolio	61	6.37%	—	Jan 1988	ELFTX vs ELDFX
SSGLX	State Street Global All Cap Equity ex-U.S. Index F...	Global Equities	74	13.54%	—	Sep 2014	ELFTX vs SSGLX
NEA	Nuveen AMT-Free Quality Municipal Income Fund		76	0.96%	—	Nov 2002	ELFTX vs NEA

Compare ELFTX with Any Fund or Stock

Compare ELFTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

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

Elfun Tax Exempt Income Fund (ELFTX) Alternatives