MainStay MacKay High Yield Municipal Bond Fund (MMHVX) Alternatives
MainStay MacKay High Yield Municipal Bond Fund (MMHVX) 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 MMHVX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to MMHVX
MMHVX charges 0.87% annually. Among mutual funds in the High Yield Muni category, these options have the lowest expense ratios among MMHVX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | Aug 3, 2014 | MMHVX vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | May 9, 2007 | MMHVX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | Jan 27, 2017 | MMHVX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | Aug 1, 2008 | MMHVX vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | Jun 14, 2015 | MMHVX vs SDHIX |
Best Risk-Adjusted Alternatives to MMHVX
Among mutual funds in the High Yield Muni category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 83 | Jun 10, 2018 | MMHVX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 70 | Jun 14, 2015 | MMHVX vs SDHIX | |
| T. Rowe Price Tax Free High Yield Fund | 65 | Feb 28, 1985 | MMHVX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 54 | Sep 29, 2015 | MMHVX vs ISHYX | |
| AB Municipal Income Shares | 43 | Aug 31, 2010 | MMHVX vs MISHX |
Top Performing MMHVX Alternatives (YTD)
MMHVX alternatives from the High Yield Muni category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 3.79% | Nov 19, 2003 | MMHVX vs NMZ | |
| T. Rowe Price Tax Free High Yield Fund | 0.17% | Feb 28, 1985 | MMHVX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 0.13% | Sep 29, 2015 | MMHVX vs ISHYX | |
| Redwood Managed Municipal Income Fund | 0.01% | Mar 8, 2017 | MMHVX vs RWMIX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.00% | May 9, 2007 | MMHVX vs EWHYX |
Lowest Volatility Alternatives to MMHVX
MMHVX alternatives from the High Yield Muni category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 2.35% | Jun 10, 2018 | MMHVX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 3.46% | Jun 14, 2015 | MMHVX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 3.77% | Jan 31, 2013 | MMHVX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 3.83% | Sep 29, 2015 | MMHVX vs ISHYX | |
| Redwood Managed Municipal Income Fund | 3.89% | Mar 8, 2017 | MMHVX vs RWMIX |
Lowest Drawdown Alternatives to MMHVX
MMHVX alternatives from the High Yield Muni category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | -2.21% | Jun 10, 2018 | MMHVX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | -3.22% | Jun 14, 2015 | MMHVX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -3.63% | Jan 31, 2013 | MMHVX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -3.79% | Sep 29, 2015 | MMHVX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -3.81% | May 30, 2013 | MMHVX vs AHYMX |
Other Mutual Funds from MainStay
Most popular MainStay mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| MainStay MacKay Strategic Municipal Allocation Fun... | Municipal Bonds | 62 | -0.52% | Jun 27, 2019 | MMHVX vs MTFEX | |
| MainStay MacKay Short Duration High Yield Fund | High Yield Bonds | 79 | -0.31% | Dec 17, 2012 | MMHVX vs MDHVX | |
| MainStay Epoch Capital Growth Fund | Global Equities | 24 | -5.60% | Jun 29, 2016 | MMHVX vs MECVX | |
| MainStay MacKay California Tax Free Opportunities ... | Municipal Bonds | 33 | -0.63% | Feb 27, 2013 | MMHVX vs MSCVX | |
| MainStay Candriam Emerging Markets Equity Fund | Emerging Markets Diversified | 89 | 3.57% | Nov 14, 2017 | MMHVX vs MCYVX | |
| MainStay MacKay New York Tax Free Opportunities Fu... | Municipal Bonds | 36 | -0.55% | May 13, 2012 | MMHVX vs MNOVX |
Often Compared With MMHVX
What investors most often compare with MMHVX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | Municipal Bonds | 54 | -0.23% | Aug 21, 2015 | MMHVX vs VTEB | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | Municipal Bonds | 43 | -0.65% | Dec 27, 1978 | MMHVX vs VWAHX |
Compare MMHVX with Any Fund or Stock
Compare MMHVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.