MFS California Municipal Bond Fund (MCFTX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MCFTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MCFTX
MCFTX charges 0.70% annually. There are 294 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | MCFTX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | MCFTX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | MCFTX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | MCFTX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | MCFTX vs FSMUX |
Best Risk-Adjusted Alternatives to MCFTX
MCFTX has a PortfoliosLab risk / return rank of 77. There are 260 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | MCFTX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | MCFTX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | MCFTX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | MCFTX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | MCFTX vs TFCYX |
Top Performing MCFTX Alternatives (YTD)
MCFTX is at 2.36% YTD. There are 77 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen New York AMT Free Quality Municipal Income | 10.89% | — | Nov 2002 | MCFTX vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 10.46% | — | Apr 1998 | MCFTX vs NMI | |
| BlackRock MuniYield Michigan Quality Fund | 9.15% | — | Oct 1992 | MCFTX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.14% | — | Nov 2001 | MCFTX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 7.14% | — | Feb 1998 | MCFTX vs MUC |
Lowest Volatility Alternatives to MCFTX
MCFTX has 3.56% 1-year volatility. There are 434 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | MCFTX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | MCFTX vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | MCFTX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | MCFTX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MCFTX vs USMTX |
Lowest Drawdown Alternatives to MCFTX
MCFTX has a 1-year max drawdown of -3.38%. There are 424 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | MCFTX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | MCFTX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | MCFTX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | MCFTX vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | MCFTX vs DFABX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MEIIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 17 | 4.88% | — | Jan 1996 | MCFTX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 45 | 9.28% | — | May 2006 | MCFTX vs MEIKX | |
| MFS Value Fund Class I | Large Cap Value Equities | 44 | 9.22% | — | Feb 1996 | MCFTX vs MEIIX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 39 | 9.04% | — | Sep 2004 | MCFTX vs MDIJX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 6 | -1.78% | — | Jan 1935 | MCFTX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 9 | 4.43% | — | Jun 2012 | MCFTX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 9 | 4.37% | — | Jul 1997 | MCFTX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 30 | 5.50% | — | — | MCFTX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 42 | 9.07% | — | Jan 1996 | MCFTX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 37 | 8.78% | — | Jul 1924 | MCFTX vs MITTX |
Often Compared With MCFTX
Investors most often compare MCFTX with FKTFX, V, TAFTX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare MCFTX with Any Fund or Stock
Compare MCFTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MCFTX with funds that move differently
MFS California Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MCFTX.
Explore MCFTX Diversifiers