Federated Hermes Municipal High Yield Advtg Fd (FHTFX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FHTFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FHTFX
FHTFX charges 0.89% annually. There are 41 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | FHTFX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | FHTFX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | FHTFX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | FHTFX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | FHTFX vs HIMFX |
Best Risk-Adjusted Alternatives to FHTFX
FHTFX has a PortfoliosLab risk / return rank of 95. There is 1 mutual fund in the High Yield Muni category with a higher risk-adjusted rank, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 96 | — | Feb 1985 | FHTFX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 94 | — | Sep 2015 | FHTFX vs ISHYX | |
| Columbia High Yield Municipal Fund | 92 | — | Mar 1984 | FHTFX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 92 | — | Jan 2013 | FHTFX vs WHYIX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 91 | — | May 2007 | FHTFX vs EWHYX |
Top Performing FHTFX Alternatives (YTD)
FHTFX is at 2.62% YTD. There are 38 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.89% | — | Nov 2003 | FHTFX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 4.05% | — | May 2007 | FHTFX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.97% | — | Jun 2016 | FHTFX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.92% | — | Mar 1984 | FHTFX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 3.88% | — | Jun 1999 | FHTFX vs NHMRX |
Lowest Volatility Alternatives to FHTFX
FHTFX has 3.26% 1-year volatility. There are 19 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | FHTFX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | FHTFX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.26% | — | Jan 2013 | FHTFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | FHTFX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | FHTFX vs TMNIX |
Lowest Drawdown Alternatives to FHTFX
FHTFX has a 1-year max drawdown of -2.46%. There are 5 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.79%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | FHTFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | FHTFX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | FHTFX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | FHTFX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | FHTFX vs TMNIX |
Other Mutual Funds from Federated
The 10 most viewed Federated mutual funds shown here include SVAIX, QILGX, QAMNX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | Large Cap Value Equities | 86 | 11.97% | — | Mar 2005 | FHTFX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 21 | 6.13% | — | Sep 2005 | FHTFX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 15 | 1.55% | — | Sep 2008 | FHTFX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 19 | 12.28% | — | Feb 1986 | FHTFX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 51 | 8.18% | — | Oct 2002 | FHTFX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 4 | 1.61% | — | Aug 1984 | FHTFX vs FGSAX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 76 | 1.73% | — | Dec 2008 | FHTFX vs FHYSX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 56 | 1.79% | — | Aug 1984 | FHTFX vs FHYTX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -7.65% | — | Dec 1995 | FHTFX vs BEARX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 69 | 1.54% | — | Nov 2002 | FHTFX vs FIHBX |
Often Compared With FHTFX
Investors most often compare FHTFX with AHMFX, DHMBX, ISCAX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare FHTFX with Any Fund or Stock
Compare FHTFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FHTFX with funds that move differently
Federated Hermes Municipal High Yield Advtg Fd alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHTFX.
Explore FHTFX Diversifiers