Federated Hermes Conservative Municipal Microshort Fund (FHMIX) Alternatives
Federated Hermes Conservative Municipal Microshort Fund (FHMIX) 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 FHMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to FHMIX
FHMIX charges 0.05% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among FHMIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | FHMIX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | FHMIX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | FHMIX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | FHMIX vs FMBIX | |
| PIMCO Fixed Income SHares: Series TE | 0.07% | Jun 24, 2012 | FHMIX vs FXIEX |
Best Risk-Adjusted Alternatives to FHMIX
Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | FHMIX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | FHMIX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | FHMIX vs APUSX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | FHMIX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 31, 2016 | FHMIX vs USMSX |
Top Performing FHMIX Alternatives (YTD)
FHMIX alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | FHMIX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.12% | Mar 18, 1993 | FHMIX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 3.25% | Nov 21, 2002 | FHMIX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 2.55% | Oct 30, 1992 | FHMIX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.31% | Feb 21, 1991 | FHMIX vs NQP |
Lowest Volatility Alternatives to FHMIX
FHMIX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | FHMIX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | FHMIX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | FHMIX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | FHMIX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | FHMIX vs BATVX |
Lowest Drawdown Alternatives to FHMIX
FHMIX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | FHMIX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | FHMIX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | FHMIX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | FHMIX vs APUSX | |
| DFA Short Term Municipal Bond Portfolio | -0.39% | Aug 19, 2002 | FHMIX vs DFSMX |
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Often Compared With FHMIX
What investors most often compare with FHMIX, based on PortfoliosLab usage data.
Compare FHMIX with Any Fund or Stock
Compare FHMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.