Lord Abbett High Income Municipal Bond Fund (HYMAX) 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 HYMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HYMAX
HYMAX charges 0.77% annually. There are 33 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% | 17.60B | Nov 2001 | HYMAX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | HYMAX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | HYMAX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | HYMAX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | HYMAX vs HIMFX |
Best Risk-Adjusted Alternatives to HYMAX
HYMAX has a PortfoliosLab risk / return rank of 60. 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 | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 93 | — | Feb 1985 | HYMAX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 91 | — | Apr 1987 | HYMAX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 90 | — | Sep 2015 | HYMAX vs ISHYX | |
| Columbia High Yield Municipal Fund | 83 | — | Mar 1984 | HYMAX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 82 | — | May 2007 | HYMAX vs EWHYX |
Top Performing HYMAX Alternatives (YTD)
HYMAX is at 3.12% YTD. There are 15 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.27% | — | Nov 2003 | HYMAX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.60% | — | May 2007 | HYMAX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.49% | — | Jun 2016 | HYMAX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.47% | — | Jun 1999 | HYMAX vs NHMRX | |
| Nuveen High Yield Municipal Bond Fund Class A | 3.38% | — | Jun 1999 | HYMAX vs NHMAX |
Lowest Volatility Alternatives to HYMAX
HYMAX has 3.55% 1-year volatility. There are 33 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.01% | — | Mar 2017 | HYMAX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.06% | — | Jun 2015 | HYMAX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.24% | — | Jan 2013 | HYMAX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | HYMAX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.55% | — | Jun 2018 | HYMAX vs TMNIX |
Lowest Drawdown Alternatives to HYMAX
HYMAX has a 1-year max drawdown of -2.78%. There are 18 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 | HYMAX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | HYMAX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | HYMAX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | HYMAX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | HYMAX vs TMNIX |
Other Mutual Funds from Lord Abbett
The 10 most viewed Lord Abbett mutual funds shown here include LLDYX, LALDX, LSYAX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | Total Bond Market | 68 | 0.52% | — | Oct 2004 | HYMAX vs LLDYX | |
| Lord Abbett Short Duration Income Fund | Short-Term Bond | 67 | 0.70% | — | Nov 1993 | HYMAX vs LALDX | |
| Lord Abbett Short Duration High Yield Fund | High Yield Bonds | 77 | 2.37% | — | May 2020 | HYMAX vs LSYAX | |
| Lord Abbett Affiliated Fund | Large Cap Value Equities | 74 | 11.33% | — | Jan 1950 | HYMAX vs LAFFX | |
| Lord Abbett Short Duration High Yield Fund | High Yield Bonds | 80 | 2.45% | — | Apr 2020 | HYMAX vs LSYIX | |
| Lord Abbett Bond Debenture Fund | Multisector Bonds | 44 | 1.21% | — | Mar 1971 | HYMAX vs LBNDX | |
| Lord Abbett High Yield Fund | High Yield Bonds | 64 | 1.54% | — | Dec 1998 | HYMAX vs LHYAX | |
| Lord Abbett Growth Leaders Fund | Large Cap Growth Equities | 15 | 9.43% | — | Jun 2011 | HYMAX vs LGLIX | |
| Lord Abbett Ultra Short Bond Fund | Ultrashort Bond | 98 | 1.34% | — | Oct 2016 | HYMAX vs LUBYX | |
| Lord Abbett Mid Cap Stock Fund | Mid Cap Value Equities | 62 | 12.53% | — | Jun 1983 | HYMAX vs LAVLX |
Often Compared With HYMAX
Investors most often compare HYMAX with AHMFX, ETHYX, DHMBX. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| American High-Income Municipal Bond Fund Class F-2 | High Yield Muni | 80 | 2.52% | — | Aug 2008 | HYMAX vs AHMFX | |
| Eaton Vance High Yield Municipal Income Fund | High Yield Muni | 78 | 3.30% | — | Aug 1995 | HYMAX vs ETHYX | |
| BNY Mellon High Yield Municipal Bond Fund | High Yield Muni | 68 | 3.32% | — | Sep 2005 | HYMAX vs DHMBX | |
| Lord Abbett Developing Growth Fund | Small Cap Growth Equities | 71 | 35.51% | — | Oct 1973 | HYMAX vs LAGWX |
Compare HYMAX with Any Fund or Stock
Compare HYMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HYMAX with funds that move differently
Lord Abbett High Income Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HYMAX.
Explore HYMAX Diversifiers