FHTFX Alternatives & Similar Mutual Funds

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
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.80B	Nov 2001	FHTFX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	FHTFX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.80B	Dec 1978	FHTFX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	FHTFX vs EWHYX
HIMFX	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
PRFHX	T. Rowe Price Tax Free High Yield Fund	96	—	Feb 1985	FHTFX vs PRFHX
SRHMX	Columbia High Yield Municipal Fund	94	—	Mar 1984	FHTFX vs SRHMX
ISHYX	Invesco Short Duration High Yield Municipal Fund	94	—	Sep 2015	FHTFX vs ISHYX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	94	—	May 2007	FHTFX vs EWHYX
WHYIX	Allspring High Yield Municipal Bond Fund	93	—	Jan 2013	FHTFX vs WHYIX

Top Performing FHTFX Alternatives (YTD)

FHTFX is at 1.36% YTD. There are 31 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.20%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	4.20%	—	Nov 2003	FHTFX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	2.53%	—	May 2007	FHTFX vs EWHYX
SRHMX	Columbia High Yield Municipal Fund	2.33%	—	Mar 1984	FHTFX vs SRHMX
WHYIX	Allspring High Yield Municipal Bond Fund	2.06%	—	Jan 2013	FHTFX vs WHYIX
PRFHX	T. Rowe Price Tax Free High Yield Fund	2.05%	—	Feb 1985	FHTFX vs PRFHX

Lowest Volatility Alternatives to FHTFX

FHTFX has 3.31% 1-year volatility. There are 20 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.13%.

Symbol	Name	Volatility 1Y	AUM	Inception
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.13%	—	Jun 2015	FHTFX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.17%	—	Jan 2013	FHTFX vs NVHIX
RWMIX	Redwood Managed Municipal Income Fund	2.27%	—	Mar 2017	FHTFX vs RWMIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.35%	—	Sep 2015	FHTFX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	2.62%	—	May 2013	FHTFX vs AHYMX

Lowest Drawdown Alternatives to FHTFX

FHTFX has a 1-year max drawdown of -2.46%. There are 6 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.71%	—	Feb 2024	FHTFX vs FDUAX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.79%	—	Jan 2013	FHTFX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	FHTFX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	FHTFX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	FHTFX vs SDHIX

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
SVAIX	Federated Hermes Strategic Value Dividend Fund	Large Cap Value Equities	94	15.85%	—	Mar 2005	FHTFX vs SVAIX
QILGX	Federated Hermes MDT Large Cap Growth Fund	Large Cap Growth Equities	16	2.55%	—	Sep 2005	FHTFX vs QILGX
QAMNX	Federated Hermes MDT Market Neutral A	Long-Short	54	4.61%	—	Sep 2008	FHTFX vs QAMNX
QIACX	Federated Hermes MDT All Cap Core Fund	Large Cap Blend Equities	53	8.33%	—	Oct 2002	FHTFX vs QIACX
KAUFX	Federated Hermes Kaufmann Fd	Mid Cap Growth Equities	14	8.01%	—	Feb 1986	FHTFX vs KAUFX
FHYSX	Federated Hermes High-Yield Strategy Portfolio	High Yield Bonds	74	0.96%	—	Dec 2008	FHTFX vs FHYSX
FGSAX	Federated Hermes MDT Mid Cap Growth Fund	Mid Cap Growth Equities	4	-0.82%	—	Aug 1984	FHTFX vs FGSAX
FHYTX	Federated Hermes Opportunistic High Yield Bond Fun...	High Yield Bonds	59	1.32%	—	Aug 1984	FHTFX vs FHYTX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	64	0.85%	—	Nov 2002	FHTFX vs FIHBX
BEARX	Federated Hermes Prudent Bear Fd	Inverse Equities	0	-6.07%	—	Dec 1995	FHTFX vs BEARX

Often Compared With FHTFX

Investors most often compare FHTFX with AHMFX, DHMBX, TMNIX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	90	1.46%	—	Aug 2008	FHTFX vs AHMFX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	89	1.85%	—	Sep 2005	FHTFX vs DHMBX
TMNIX	Counterpoint Tactical Municipal Fund	High Yield Muni	71	0.40%	—	Jun 2018	FHTFX vs TMNIX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	89	1.87%	—	Jun 1999	FHTFX vs NHMRX
STMYX	Ocean Park Tactical Municipal Fund	High Yield Muni	76	0.97%	—	Dec 2018	FHTFX vs STMYX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	89	1.95%	—	May 2015	FHTFX vs RTHAX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	High Yield Muni	91	1.89%	—	Jun 2016	FHTFX vs NHMFX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	74	0.73%	—	Jan 2010	FHTFX vs ABTYX
RFM	RiverNorth Flexible Municipal Income Fund	High Yield Muni	63	8.81%	—	—	FHTFX vs RFM
STXAX	Western Asset Municipal High Income Fund	High Yield Muni	80	0.72%	—	Nov 1992	FHTFX vs STXAX
FEHAX	First Eagle High Yield Municipal Fund Class A	High Yield Muni	64	1.89%	—	Jan 2012	FHTFX vs FEHAX
ISCAX	Federated Hermes International Small-Mid Company F...	Foreign Small & Mid Cap Equities	33	8.26%	—	Feb 1996	FHTFX vs ISCAX
THMBX	Thrivent High Income Municipal Bond Fund	High Yield Muni	92	1.64%	—	Feb 2018	FHTFX vs THMBX
ACTHX	Invesco High Yield Municipal Fund	High Yield Muni	87	1.36%	—	Jan 1986	FHTFX vs ACTHX
JHTFX	John Hancock High Yield Municipal Bond Fund	High Yield Muni	80	1.83%	—	Dec 1993	FHTFX vs JHTFX
GHYIX	Goldman Sachs High Yield Municipal Fund Institutio...	High Yield Muni	86	1.41%	—	Apr 2000	FHTFX vs GHYIX
PHMIX	PIMCO High Yield Municipal Bond Fund	High Yield Muni	86	1.60%	—	Jul 2006	FHTFX vs PHMIX
MMHVX	MainStay MacKay High Yield Municipal Bond Fund	High Yield Muni	91	1.73%	—	Mar 2010	FHTFX vs MMHVX
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	71	0.44%	—	Dec 2014	FHTFX vs NSIOX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	High Yield Muni	87	1.76%	—	Jun 1999	FHTFX vs NHMAX

Compare FHTFX with Any Fund or Stock

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

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Diversifiers

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

Federated Hermes Municipal High Yield Advtg Fd (FHTFX) Alternatives