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 8 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.11%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | GHYIX vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | GHYIX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | GHYIX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | — | Aug 2008 | GHYIX vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | — | Jun 2015 | GHYIX vs SDHIX |
Best Risk-Adjusted Alternatives to GHYIX
GHYIX has a PortfoliosLab risk / return rank of 55. There are 35 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 91 | — | Feb 1985 | GHYIX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 88 | — | Sep 2015 | GHYIX vs ISHYX | |
| Federated Hermes Municipal High Yield Advtg Fd | 86 | — | Apr 1987 | GHYIX vs FHTFX | |
| Columbia High Yield Municipal Fund | 79 | — | Mar 1984 | GHYIX vs SRHMX | |
| American High-Income Municipal Bond Fund Class F-3 | 79 | — | Jan 2017 | GHYIX vs HIMFX |
Top Performing GHYIX Alternatives (YTD)
GHYIX is at 2.39% YTD. There are 27 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 3.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance High Yield Municipal Income Fund Class... | 3.35% | — | May 2007 | GHYIX vs EWHYX | |
| Nuveen Municipal High Income Opportunity Fund | 3.29% | — | Nov 2003 | GHYIX vs NMZ | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.20% | — | Jun 2016 | GHYIX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.18% | — | Jun 1999 | GHYIX vs NHMRX | |
| Nuveen High Yield Municipal Bond Fund Class A | 3.09% | — | Jun 1999 | GHYIX vs NHMAX |
Lowest Volatility Alternatives to GHYIX
GHYIX has 3.56% 1-year volatility. There are 31 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 1.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 1.97% | — | Mar 2017 | GHYIX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | GHYIX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.25% | — | Jan 2013 | GHYIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.31% | — | Sep 2015 | GHYIX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.53% | — | Jun 2018 | GHYIX vs TMNIX |
Lowest Drawdown Alternatives to GHYIX
GHYIX has a 1-year max drawdown of -3.05%. There are 28 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 | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.80% | — | Jan 2013 | GHYIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | GHYIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | GHYIX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | GHYIX vs SDHIX | |
| 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.
Often Compared With GHYIX
Investors most often compare GHYIX with HIMYX, DHMBX, STMYX. These 10 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Pioneer High Income Municipal Fund | High Yield Muni | 7 | 1.88% | — | Oct 2006 | GHYIX vs HIMYX | |
| BNY Mellon High Yield Municipal Bond Fund | High Yield Muni | 62 | 3.03% | — | Sep 2005 | GHYIX vs DHMBX | |
| Sierra Tactical Municipal Fund | High Yield Muni | 55 | 1.82% | — | Dec 2018 | GHYIX vs STMYX | |
| Neuberger Berman Municipal High Income Fund | High Yield Muni | 49 | 0.48% | — | Jun 2015 | GHYIX vs NMHIX | |
| Franklin High Yield Tax Free Income Fund | High Yield Muni | 73 | 2.81% | — | Mar 1986 | GHYIX vs FRHIX | |
| Goldman Sachs Short Duration Bond Fund | Short-Term Bond | 69 | 0.83% | — | Feb 2012 | GHYIX vs GSSRX | |
| AB Municipal Income Shares | High Yield Muni | 69 | 2.13% | — | Aug 2010 | GHYIX vs MISHX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | High Yield Muni | 60 | 2.46% | — | May 2015 | GHYIX vs RTHAX | |
| American High-Income Municipal Bond Fund | High Yield Muni | 76 | 2.23% | — | Sep 1994 | GHYIX vs AMHIX | |
| Franklin Templeton SMACS: Series H | High Yield Muni | 75 | 2.99% | — | Jun 2019 | GHYIX vs FQTHX |
Compare GHYIX with Any Fund or Stock
Compare GHYIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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.
Explore GHYIX Diversifiers