FSHIX Alternatives & Similar Mutual Funds

Federated Hermes Short-Intermediate Municipal Fund (FSHIX) 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 FSHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FSHIX

FSHIX charges 0.46% annually. There are 112 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	FSHIX vs LSMSX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	FSHIX vs VTMFX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	FSHIX vs FHMIX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	FSHIX vs NMTRX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	FSHIX vs FSMUX

Best Risk-Adjusted Alternatives to FSHIX

FSHIX has a PortfoliosLab risk / return rank of 33. There are 465 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	FSHIX vs DFABX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	FSHIX vs ATOIX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	FSHIX vs DFCMX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	FSHIX vs DNYMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	FSHIX vs DFSMX

Top Performing FSHIX Alternatives (YTD)

FSHIX is at 0.74% YTD. There are 444 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	13.22%	—	Apr 1998	FSHIX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	9.70%	—	Nov 2002	FSHIX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	7.62%	—	Nov 2001	FSHIX vs AFB
MIY	BlackRock MuniYield Michigan Quality Fund	6.57%	—	Oct 1992	FSHIX vs MIY
NPV	Nuveen Virginia Quality Municipal Income Fund	6.33%	—	Mar 1993	FSHIX vs NPV

Lowest Volatility Alternatives to FSHIX

FSHIX has 4.25% 1-year volatility. There are 456 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	FSHIX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	FSHIX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	FSHIX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.60%	—	May 2016	FSHIX vs USMTX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	FSHIX vs DFSMX

Lowest Drawdown Alternatives to FSHIX

FSHIX 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	FSHIX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	FSHIX vs ATOIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	FSHIX vs APUSX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	FSHIX vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	FSHIX vs FHMIX

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	80	9.26%	—	Mar 2005	FSHIX vs SVAIX
QILGX	Federated Hermes MDT Large Cap Growth Fund	Large Cap Growth Equities	21	4.35%	—	Sep 2005	FSHIX vs QILGX
QAMNX	Federated Hermes MDT Market Neutral A	Long-Short	7	-1.17%	—	Sep 2008	FSHIX vs QAMNX
KAUFX	Federated Hermes Kaufmann Fd	Mid Cap Growth Equities	17	10.68%	—	Feb 1986	FSHIX vs KAUFX
QIACX	Federated Hermes MDT All Cap Core Fund	Large Cap Blend Equities	46	5.68%	—	Oct 2002	FSHIX vs QIACX
FGSAX	Federated Hermes MDT Mid Cap Growth Fund	Mid Cap Growth Equities	4	0.10%	—	Aug 1984	FSHIX vs FGSAX
FHYSX	Federated Hermes High-Yield Strategy Portfolio	High Yield Bonds	67	1.19%	—	Dec 2008	FSHIX vs FHYSX
BEARX	Federated Hermes Prudent Bear Fd	Inverse Equities	0	-7.65%	—	Dec 1995	FSHIX vs BEARX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	61	1.04%	—	Nov 2002	FSHIX vs FIHBX
FHYTX	Federated Hermes Opportunistic High Yield Bond Fun...	High Yield Bonds	52	1.34%	—	Aug 1984	FSHIX vs FHYTX

Often Compared With FSHIX

Investors most often compare FSHIX with MUJ, ISCAX, FXIEX. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	51	5.45%	—	Mar 1998	FSHIX vs MUJ
ISCAX	Federated Hermes International Small-Mid Company F...	Foreign Small & Mid Cap Equities	37	10.85%	—	Feb 1996	FSHIX vs ISCAX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	78	1.81%	—	Jun 2012	FSHIX vs FXIEX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	97	0.77%	—	Dec 2017	FSHIX vs FGNSX

Compare FSHIX with Any Fund or Stock

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

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Diversifiers

Pair FSHIX with funds that move differently

Federated Hermes Short-Intermediate Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FSHIX.

Explore FSHIX Diversifiers

Federated Hermes Short-Intermediate Municipal Fund (FSHIX) Alternatives