AMG GW&K Municipal Enhanced Yield Fund (GWMEX) 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 GWMEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GWMEX
GWMEX charges 0.64% annually. There are 24 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.80B | Nov 2001 | GWMEX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | GWMEX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.80B | Dec 1978 | GWMEX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | GWMEX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | GWMEX vs HIMFX |
Best Risk-Adjusted Alternatives to GWMEX
GWMEX has a PortfoliosLab risk / return rank of 70. There are 39 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 95 | — | Feb 1985 | GWMEX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 94 | — | Apr 1987 | GWMEX vs FHTFX | |
| Allspring High Yield Municipal Bond Fund | 92 | — | Jan 2013 | GWMEX vs WHYIX | |
| Invesco Short Duration High Yield Municipal Fund | 91 | — | Sep 2015 | GWMEX vs ISHYX | |
| Columbia High Yield Municipal Fund | 91 | — | Mar 1984 | GWMEX vs SRHMX |
Top Performing GWMEX Alternatives (YTD)
GWMEX is at 0.65% YTD. There are 44 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 4.40% | — | Nov 2003 | GWMEX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 2.40% | — | May 2007 | GWMEX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 2.16% | — | Jun 2016 | GWMEX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 2.14% | — | Jun 1999 | GWMEX vs NHMRX | |
| Columbia High Yield Municipal Fund | 2.11% | — | Mar 1984 | GWMEX vs SRHMX |
Lowest Volatility Alternatives to GWMEX
GWMEX has 3.93% 1-year volatility. There are 42 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 | |
|---|---|---|---|---|---|
| Lord Abbett Short Duration High Income Municipal B... | 2.13% | — | Jun 2015 | GWMEX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.18% | — | Jan 2013 | GWMEX vs NVHIX | |
| Redwood Managed Municipal Income Fund | 2.28% | — | Mar 2017 | GWMEX vs RWMIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.36% | — | Sep 2015 | GWMEX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | 2.62% | — | May 2013 | GWMEX vs AHYMX |
Lowest Drawdown Alternatives to GWMEX
GWMEX has a 1-year max drawdown of -3.95%. There are 49 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 | |
|---|---|---|---|---|---|
| First Eagle Short Duration High Yield Municipal Fu... | -1.71% | — | Feb 2024 | GWMEX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | GWMEX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | GWMEX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | GWMEX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | GWMEX vs SDHIX |
Other Mutual Funds from AMG
The 10 most viewed AMG mutual funds shown here include YAFFX, YACKX, MBDFX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | Large Cap Value Equities | 91 | 25.82% | — | May 1997 | GWMEX vs YAFFX | |
| AMG Yacktman Fund | Large Cap Value Equities | 92 | 18.53% | — | Jul 1992 | GWMEX vs YACKX | |
| AMG GW&K Core Bond ESG Fund | Intermediate Core Bond | 9 | -1.50% | — | Apr 1993 | GWMEX vs MBDFX | |
| AMG Yacktman Global Fund | Global Equities | 29 | 25.53% | — | Jan 2017 | GWMEX vs YFSIX | |
| AMG Veritas Global Real Return Fund | Large Cap Growth Equities | 5 | -1.50% | — | Jan 1991 | GWMEX vs BLUEX | |
| AMG River Road Small-Mid Cap Value Fund | Small Cap Value Equities | 12 | 10.07% | — | Mar 2007 | GWMEX vs ARSMX | |
| AMG TimesSquare Mid Cap Growth Fund | Mid Cap Growth Equities | 2 | 5.18% | — | Mar 2005 | GWMEX vs TMDIX | |
| AMG River Road Small Cap Value Fund | Small Cap Value Equities | 4 | 8.93% | — | Jun 2005 | GWMEX vs ARSVX | |
| AMG River Road Large Cap Value Select Fund | Large Cap Blend Equities | 2 | 0.61% | — | Aug 1992 | GWMEX vs MEQFX | |
| AMG GW&K Small Cap Value Fund | Small Cap Blend Equities | 44 | 23.92% | — | Apr 1987 | GWMEX vs SKSEX |
Often Compared With GWMEX
Investors most often compare GWMEX with BRWIX, CHTTX, NHMAX. These 17 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare GWMEX with Any Fund or Stock
Compare GWMEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GWMEX with funds that move differently
AMG GW&K Municipal Enhanced Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GWMEX.
Explore GWMEX Diversifiers