ISHYX Alternatives & Similar Mutual Funds

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

Best Risk-Adjusted Alternatives to ISHYX

ISHYX has a PortfoliosLab risk / return rank of 94. There are 2 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	96	—	Feb 1985	ISHYX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	95	—	Apr 1987	ISHYX vs FHTFX
SRHMX	Columbia High Yield Municipal Fund	93	—	Mar 1984	ISHYX vs SRHMX
WHYIX	Allspring High Yield Municipal Bond Fund	93	—	Jan 2013	ISHYX vs WHYIX
THMBX	Thrivent High Income Municipal Bond Fund	92	—	Feb 2018	ISHYX vs THMBX

Top Performing ISHYX Alternatives (YTD)

ISHYX is at 2.79% YTD. There are 31 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.99%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	5.99%	—	Nov 2003	ISHYX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	4.05%	—	May 2007	ISHYX vs EWHYX
SRHMX	Columbia High Yield Municipal Fund	3.92%	—	Mar 1984	ISHYX vs SRHMX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.90%	—	Jun 2016	ISHYX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.88%	—	Jun 1999	ISHYX vs NHMRX

Lowest Volatility Alternatives to ISHYX

ISHYX has 2.29% 1-year volatility. There are 3 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.

Symbol	Name	Volatility 1Y	AUM	Inception
RWMIX	Redwood Managed Municipal Income Fund	2.07%	—	Mar 2017	ISHYX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.07%	—	Jun 2015	ISHYX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.26%	—	Jan 2013	ISHYX vs NVHIX
TMNIX	Counterpoint Tactical Municipal Fund	2.58%	—	Jun 2018	ISHYX vs TMNIX
AHYMX	abrdn Short Duration High Yield Municipal Fund	2.61%	—	May 2013	ISHYX vs AHYMX

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 -1.79%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.79%	—	Jan 2013	ISHYX vs NVHIX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	ISHYX vs AHYMX
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.99%	—	Feb 2024	ISHYX vs FDUAX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	ISHYX vs SDHIX
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	ISHYX vs TMNIX

Other Mutual Funds from Invesco

The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, VAFAX and span 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IVNQX	Invesco Nasdaq 100 Index Fund	Large Cap Growth Equities	59	18.33%	—	Oct 2020	ISHYX vs IVNQX
VADAX	Invesco Equally-Weighted S&P 500 Fund Class A	Large Cap Blend Equities	44	12.58%	—	—	ISHYX vs VADAX
VAFAX	Invesco American Franchise Fund Class A	Large Cap Growth Equities	12	8.27%	—	Jun 2005	ISHYX vs VAFAX
OPGSX	Invesco Gold & Special Minerals Fund	Gold, Precious Metals	25	-10.19%	—	Jul 1983	ISHYX vs OPGSX
VVOAX	Invesco Value Opportunities Fund	Mid Cap Value Equities	80	20.03%	—	Jun 2001	ISHYX vs VVOAX
ACSTX	Invesco Comstock Fund	Large Cap Value Equities	68	12.28%	—	Oct 1968	ISHYX vs ACSTX
MSIGX	Invesco Main Street Fund	Large Cap Blend Equities	35	7.85%	—	Feb 1988	ISHYX vs MSIGX
VSCAX	Invesco Small Cap Value Fund	Small Cap Value Equities	79	27.70%	—	Jun 1999	ISHYX vs VSCAX
ACEIX	Invesco Equity and Income Fund	Diversified Portfolio	66	7.57%	—	Aug 1960	ISHYX vs ACEIX
OPPAX	Invesco Global Fund	Global Equities	19	8.22%	—	Dec 1969	ISHYX vs OPPAX

Often Compared With ISHYX

Investors most often compare ISHYX with NSIOX, FRHIX, ABTYX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	66	1.99%	—	Dec 2014	ISHYX vs NSIOX
FRHIX	Franklin High Yield Tax Free Income Fund	High Yield Muni	84	3.20%	—	Mar 1986	ISHYX vs FRHIX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	73	2.82%	—	Jan 2010	ISHYX vs ABTYX
JAAA	Janus Henderson AAA CLO ETF	CLO	99	2.33%	29.17B	Oct 2020	ISHYX vs JAAA
ABHYX	American Century High-Yield Municipal Fund	High Yield Muni	80	2.85%	572.53M	Mar 1998	ISHYX vs ABHYX
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	87	2.74%	—	Sep 1994	ISHYX vs AMHIX
MUB	iShares National AMT-Free Muni Bond ETF	Municipal Bonds	74	1.41%	45.66B	Sep 2007	ISHYX vs MUB
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	82	3.22%	—	May 2015	ISHYX vs RTHAX
RFM	RiverNorth Flexible Municipal Income Fund	High Yield Muni	56	10.70%	—	—	ISHYX vs RFM
MMHYX	MFS Municipal High Income Fund	High Yield Muni	87	3.17%	—	Feb 1984	ISHYX vs MMHYX
CXHYX	Delaware National High-Yield Municipal Bond Fund	High Yield Muni	49	2.75%	—	Sep 1986	ISHYX vs CXHYX
JHTFX	John Hancock High Yield Municipal Bond Fund	High Yield Muni	77	3.65%	—	Dec 1993	ISHYX vs JHTFX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	85	3.68%	—	Sep 2005	ISHYX vs DHMBX
STXAX	Western Asset Municipal High Income Fund	High Yield Muni	78	2.39%	—	Nov 1992	ISHYX vs STXAX
THYIX	Transamerica High Yield Muni	High Yield Muni	82	2.95%	—	Jul 2013	ISHYX vs THYIX
ACTHX	Invesco High Yield Municipal Fund	High Yield Muni	82	3.22%	—	Jan 1986	ISHYX vs ACTHX
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	89	2.86%	—	Aug 2008	ISHYX vs AHMFX
MISHX	AB Municipal Income Shares	High Yield Muni	80	2.54%	—	Aug 2010	ISHYX vs MISHX
HIMYX	Pioneer High Income Municipal Fund	High Yield Muni	10	1.62%	—	Oct 2006	ISHYX vs HIMYX
STMYX	Sierra Tactical Municipal Fund	High Yield Muni	72	2.33%	—	Dec 2018	ISHYX vs STMYX

Compare ISHYX with Any Fund or Stock

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

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Diversifiers

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

Invesco Short Duration High Yield Municipal Fund (ISHYX) Alternatives