DWS Short Term Municipal Bond Fund (MGSMX) 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 MGSMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGSMX
MGSMX charges 0.44% annually. There are 88 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 | MGSMX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | MGSMX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | MGSMX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | MGSMX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | 0.00 | Jul 2019 | MGSMX vs FMBIX |
Best Risk-Adjusted Alternatives to MGSMX
MGSMX has a PortfoliosLab risk / return rank of 71. There are 214 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 | MGSMX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | MGSMX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | MGSMX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | MGSMX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | MGSMX vs ATOIX |
Top Performing MGSMX Alternatives (YTD)
MGSMX is at 0.66% YTD. There are 453 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.65%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.65% | — | Apr 1998 | MGSMX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 6.88% | — | Mar 1993 | MGSMX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 6.87% | — | Nov 2002 | MGSMX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 6.20% | — | Nov 2001 | MGSMX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.14% | — | Oct 1992 | MGSMX vs MIY |
Lowest Volatility Alternatives to MGSMX
MGSMX has 1.25% 1-year volatility. There are 33 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | MGSMX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | MGSMX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MGSMX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MGSMX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | MGSMX vs DFSMX |
Lowest Drawdown Alternatives to MGSMX
MGSMX has a 1-year max drawdown of -1.16%. There are 32 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 | MGSMX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | MGSMX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | MGSMX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | MGSMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | MGSMX vs TFCYX |
Other Mutual Funds from DWS
The 10 most viewed DWS mutual funds shown here include AAAAX, KTCAX, SCDGX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets Fund - Class A | Diversified Portfolio | 46 | 10.64% | — | Jul 2007 | MGSMX vs AAAAX | |
| DWS Science and Technology Fund | Technology Equities | 72 | 29.66% | — | Sep 1948 | MGSMX vs KTCAX | |
| DWS Core Equity Fund | Large Cap Blend Equities | 76 | 12.07% | — | May 1929 | MGSMX vs SCDGX | |
| DWS RREEF Real Assets Fund | Global Allocation | 48 | 10.77% | — | Jul 2007 | MGSMX vs AAAZX | |
| DWS Emerging Markets Equity Fund | Emerging Markets Diversified | 84 | 33.80% | — | May 1996 | MGSMX vs SEMGX | |
| DWS International Growth Fund | Foreign Large Cap Equities | 15 | 8.60% | — | Jul 1986 | MGSMX vs SCOBX | |
| DWS S&P 500 Index Fund | S&P 500 | 73 | 11.60% | — | Aug 1997 | MGSMX vs SCPIX | |
| DWS Capital Growth Fund | Large Cap Growth Equities | 16 | 7.91% | — | Jul 2000 | MGSMX vs SCGSX | |
| DWS Global High Income Fund | High Yield Bonds | 76 | 1.59% | — | Mar 1998 | MGSMX vs MGHYX | |
| DWS CROCI International Fund | Foreign Large Cap Equities | 51 | 8.99% | — | Jun 1953 | MGSMX vs SCINX |
Often Compared With MGSMX
Investors most often compare MGSMX with BTIIX, KDHAX, FGNSX. These 7 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DWS Equity 500 Index Fund | Large Cap Blend Equities | 73 | 11.63% | — | Dec 1992 | MGSMX vs BTIIX | |
| DWS CROCI Equity Dividend Fd | Large Cap Value Equities | 26 | 11.60% | — | Mar 1988 | MGSMX vs KDHAX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 96 | 0.67% | — | Dec 2017 | MGSMX vs FGNSX | |
| Nuveen Pennsylvania Quality Municipal Income | Municipal Bonds | — | — | — | Feb 1991 | MGSMX vs NQP | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 44 | 4.64% | — | Mar 1998 | MGSMX vs MUJ | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 23 | 4.06% | — | Feb 1998 | MGSMX vs MUC | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 22 | 3.87% | — | Nov 1992 | MGSMX vs MPA |
Compare MGSMX with Any Fund or Stock
Compare MGSMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGSMX with funds that move differently
DWS Short Term Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGSMX.
Explore MGSMX Diversifiers