Franklin New York Tax Free Income Fund (FNYTX) 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 FNYTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FNYTX
FNYTX charges 0.66% annually. There are 264 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 | FNYTX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FNYTX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | FNYTX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | FNYTX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | FNYTX vs FSMUX |
Best Risk-Adjusted Alternatives to FNYTX
FNYTX has a PortfoliosLab risk / return rank of 63. There are 203 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 Municipal Bond Portfolio | 100 | — | Aug 2002 | FNYTX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | FNYTX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 99 | — | Apr 2022 | FNYTX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | FNYTX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | FNYTX vs TFCYX |
Top Performing FNYTX Alternatives (YTD)
FNYTX is at 0.57% YTD. There are 156 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.42% | — | Apr 1998 | FNYTX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 7.26% | — | Nov 2002 | FNYTX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 6.51% | — | Oct 1992 | FNYTX vs MIY | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 5.51% | 12.30B | Sep 1994 | FNYTX vs VTMFX | |
| AllianceBernstein National Municipal Income Fund | 5.23% | — | Nov 2001 | FNYTX vs AFB |
Lowest Volatility Alternatives to FNYTX
FNYTX has 3.26% 1-year volatility. There are 399 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.53% | — | Aug 2002 | FNYTX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | FNYTX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | FNYTX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | FNYTX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | FNYTX vs USMSX |
Lowest Drawdown Alternatives to FNYTX
FNYTX has a 1-year max drawdown of -3.10%. There are 369 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 | FNYTX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | FNYTX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | FNYTX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | FNYTX vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | FNYTX vs DFABX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 14 | 6.08% | — | Jan 1968 | FNYTX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 36 | -11.29% | — | May 1969 | FNYTX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 93 | 6.09% | — | — | FNYTX vs FKINX | |
| Franklin Growth Fund Class A | Large Cap Growth Equities | 30 | 8.02% | — | Apr 1948 | FNYTX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund Inc. | MLPs, Energy Equities | 35 | 20.28% | — | Jun 2011 | FNYTX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 45 | 8.71% | — | Jan 1987 | FNYTX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 10 | 3.40% | — | Aug 1997 | FNYTX vs SBLGX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 59 | 13.81% | — | Oct 1990 | FNYTX vs TFEQX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 95 | 6.27% | — | Aug 1997 | FNYTX vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 1.74% | — | Oct 1983 | FNYTX vs SHRAX |
Often Compared With FNYTX
Investors most often compare FNYTX with VOO, DCARX, VEIPX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FNYTX with Any Fund or Stock
Compare FNYTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FNYTX with funds that move differently
Franklin New York Tax Free Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FNYTX.
Explore FNYTX Diversifiers