Invesco Short Duration High Yield Municipal Fund (ISHYX) 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 ISHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ISHYX
ISHYX charges 0.59% annually. There are 15 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 | ISHYX vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | ISHYX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | ISHYX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | — | Aug 2008 | ISHYX vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | — | Jun 2015 | ISHYX vs SDHIX |
Best Risk-Adjusted Alternatives to ISHYX
ISHYX has a PortfoliosLab risk / return rank of 88. There is 1 mutual fund in the High Yield Muni category with a higher risk-adjusted rank, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 91 | — | Feb 1985 | ISHYX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 86 | — | Apr 1987 | ISHYX vs FHTFX | |
| Columbia High Yield Municipal Fund | 79 | — | Mar 1984 | ISHYX vs SRHMX | |
| American High-Income Municipal Bond Fund Class F-3 | 79 | — | Jan 2017 | ISHYX vs HIMFX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 79 | — | May 2007 | ISHYX vs EWHYX |
Top Performing ISHYX Alternatives (YTD)
ISHYX is at 2.40% YTD. There are 26 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 | ISHYX vs EWHYX | |
| Nuveen Municipal High Income Opportunity Fund | 3.29% | — | Nov 2003 | ISHYX vs NMZ | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.20% | — | Jun 2016 | ISHYX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.18% | — | Jun 1999 | ISHYX vs NHMRX | |
| Nuveen High Yield Municipal Bond Fund Class A | 3.09% | — | Jun 1999 | ISHYX vs NHMAX |
Lowest Volatility Alternatives to ISHYX
ISHYX has 2.31% 1-year volatility. There are 3 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 | ISHYX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | ISHYX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.25% | — | Jan 2013 | ISHYX vs NVHIX | |
| Counterpoint Tactical Municipal Fund | 2.53% | — | Jun 2018 | ISHYX vs TMNIX | |
| Sierra Tactical Municipal Fund | 2.64% | — | Dec 2018 | ISHYX vs STMYX |
Lowest Drawdown Alternatives to ISHYX
ISHYX has a 1-year max drawdown of -1.89%. There is 1 mutual fund in the High Yield Muni category with a shallower 1-year drawdown, 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 | ISHYX vs NVHIX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | ISHYX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | ISHYX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | ISHYX vs TMNIX | |
| Federated Hermes Municipal High Yield Advtg Fd | -2.46% | — | Apr 1987 | ISHYX vs FHTFX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 76 | 21.57% | — | Oct 2020 | ISHYX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 41 | 9.93% | — | — | ISHYX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Precious Metals | 28 | 3.54% | — | Jul 1983 | ISHYX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 87 | 23.96% | — | Jun 2001 | ISHYX vs VVOAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 16 | 9.63% | — | Jun 2005 | ISHYX vs VAFAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 59 | 9.14% | — | Oct 1968 | ISHYX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 41 | 6.01% | — | Feb 1988 | ISHYX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 89 | 31.33% | — | Jun 1999 | ISHYX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 67 | 6.02% | — | Aug 1960 | ISHYX vs ACEIX | |
| Invesco Global Fund | Global Equities | 25 | 9.82% | — | Dec 1969 | ISHYX vs OPPAX |
Often Compared With ISHYX
Investors most often compare ISHYX with JAAA, NSIOX, ABTYX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare ISHYX with Any Fund or Stock
Compare ISHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ISHYX with funds that move differently
Invesco Short Duration High Yield Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ISHYX.
Explore ISHYX Diversifiers