GHYIX Alternatives & Similar Mutual Funds

Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) 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 GHYIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to GHYIX

GHYIX charges 0.54% annually. There are 10 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%	17.60B	Nov 2001	GHYIX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	GHYIX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.60B	Dec 1978	GHYIX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	GHYIX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	GHYIX vs HIMFX

Best Risk-Adjusted Alternatives to GHYIX

GHYIX has a PortfoliosLab risk / return rank of 59. There are 39 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	93	—	Feb 1985	GHYIX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	91	—	Apr 1987	GHYIX vs FHTFX
ISHYX	Invesco Short Duration High Yield Municipal Fund	89	—	Sep 2015	GHYIX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	83	—	Mar 1984	GHYIX vs SRHMX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	82	—	May 2007	GHYIX vs EWHYX

Top Performing GHYIX Alternatives (YTD)

GHYIX is at 2.62% YTD. There are 23 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.38%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	5.38%	—	Nov 2003	GHYIX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.60%	—	May 2007	GHYIX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.41%	—	Jun 2016	GHYIX vs NHMFX
SRHMX	Columbia High Yield Municipal Fund	3.38%	—	Mar 1984	GHYIX vs SRHMX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.32%	—	Jun 1999	GHYIX vs NHMRX

Lowest Volatility Alternatives to GHYIX

GHYIX has 3.53% 1-year volatility. There are 32 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.02%.

Symbol	Name	Volatility 1Y	AUM	Inception
RWMIX	Redwood Managed Municipal Income Fund	2.02%	—	Mar 2017	GHYIX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.06%	—	Jun 2015	GHYIX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.24%	—	Jan 2013	GHYIX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.30%	—	Sep 2015	GHYIX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.56%	—	Jun 2018	GHYIX vs TMNIX

Lowest Drawdown Alternatives to GHYIX

GHYIX has a 1-year max drawdown of -3.05%. There are 27 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.80%	—	Jan 2013	GHYIX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	GHYIX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	GHYIX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	GHYIX vs SDHIX
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	GHYIX vs TMNIX

Other Mutual Funds from Goldman Sachs

The 10 most viewed Goldman Sachs mutual funds shown here include GSIMX, GSINX, GCIIX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
GSIMX	Goldman Sachs GQG Partners International Opportuni...	Foreign Large Cap Equities	16	3.65%	—	Dec 2016	GHYIX vs GSIMX
GSINX	Goldman Sachs GQG Partners International Opportuni...	Foreign Large Cap Equities	16	3.57%	—	Dec 2016	GHYIX vs GSINX
GCIIX	Goldman Sachs International Equity Insights Fund	Foreign Large Cap Equities	61	14.14%	—	Aug 1997	GHYIX vs GCIIX
GICIX	Goldman Sachs International Small Cap Insights Fun...	Foreign Small & Mid Cap Equities	64	14.59%	—	Sep 2007	GHYIX vs GICIX
GSBFX	Goldman Sachs Income Builder Fund	Diversified Portfolio	77	5.76%	—	Oct 1994	GHYIX vs GSBFX
GCGIX	Goldman Sachs Large Cap Growth Insights Fund	Large Cap Growth Equities	15	0.41%	—	May 1997	GHYIX vs GCGIX
GSPKX	Goldman Sachs U.S. Equity Dividend and Premium Fun...	Large Cap Blend Equities	77	9.85%	—	Aug 2005	GHYIX vs GSPKX
GSIFX	Goldman Sachs International Equity ESG Fund Class ...	Foreign Large Cap Equities, ESG	18	7.73%	—	Dec 1992	GHYIX vs GSIFX
GGSIX	Goldman Sachs Growth Strategy Portfolio	Global Allocation	68	10.03%	—	Jan 1998	GHYIX vs GGSIX
GSRAX	Goldman Sachs Rising Dividend Growth Fund	Large Cap Blend Equities, Dividend	43	11.89%	—	Mar 2004	GHYIX vs GSRAX

Often Compared With GHYIX

Investors most often compare GHYIX with HIMYX, DHMBX, NMHIX. These 13 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HIMYX	Pioneer High Income Municipal Fund	High Yield Muni	7	1.33%	—	Oct 2006	GHYIX vs HIMYX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	67	3.23%	—	Sep 2005	GHYIX vs DHMBX
NMHIX	Neuberger Berman Municipal High Income Fund	High Yield Muni	—	—	—	Jun 2015	GHYIX vs NMHIX
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	79	2.46%	—	Aug 2008	GHYIX vs AHMFX
STMYX	Sierra Tactical Municipal Fund	High Yield Muni	59	2.11%	—	Dec 2018	GHYIX vs STMYX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	High Yield Muni	59	3.31%	—	Jun 1999	GHYIX vs NHMAX
FRHIX	Franklin High Yield Tax Free Income Fund	High Yield Muni	75	2.93%	—	Mar 1986	GHYIX vs FRHIX
MISHX	AB Municipal Income Shares	High Yield Muni	70	2.13%	—	Aug 2010	GHYIX vs MISHX
GSSRX	Goldman Sachs Short Duration Bond Fund	Short-Term Bond	70	0.62%	—	Feb 2012	GHYIX vs GSSRX
FQTHX	Franklin Templeton SMACS: Series H	High Yield Muni	76	3.21%	—	Jun 2019	GHYIX vs FQTHX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	68	2.98%	—	May 2015	GHYIX vs RTHAX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	77	2.36%	—	Sep 1994	GHYIX vs AMHIX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	76	3.17%	—	Aug 1995	GHYIX vs ETHYX

Compare GHYIX with Any Fund or Stock

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

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Diversifiers

Pair GHYIX with funds that move differently

Goldman Sachs High Yield Municipal Fund Institutional Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GHYIX.

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Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) Alternatives