MFS Municipal High Income Fund (MMHYX) 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 MMHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMHYX
MMHYX charges 0.61% annually. There are 19 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 | MMHYX vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | MMHYX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | MMHYX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | — | Aug 2008 | MMHYX vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | — | Jun 2015 | MMHYX vs SDHIX |
Best Risk-Adjusted Alternatives to MMHYX
MMHYX has a PortfoliosLab risk / return rank of 72. There are 16 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 92 | — | Feb 1985 | MMHYX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 88 | — | Sep 2015 | MMHYX vs ISHYX | |
| Federated Hermes Municipal High Yield Advtg Fd | 87 | — | Apr 1987 | MMHYX vs FHTFX | |
| Columbia High Yield Municipal Fund | 82 | — | Mar 1984 | MMHYX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 81 | — | May 2007 | MMHYX vs EWHYX |
Top Performing MMHYX Alternatives (YTD)
MMHYX is at 2.52% YTD. There are 20 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 3.70%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 3.70% | — | Nov 2003 | MMHYX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.35% | — | May 2007 | MMHYX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.13% | — | Jun 2016 | MMHYX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.11% | — | Jun 1999 | MMHYX vs NHMRX | |
| Columbia High Yield Municipal Fund | 3.04% | — | Mar 1984 | MMHYX vs SRHMX |
Lowest Volatility Alternatives to MMHYX
MMHYX has 3.43% 1-year volatility. There are 25 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 | MMHYX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | MMHYX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.24% | — | Jan 2013 | MMHYX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.30% | — | Sep 2015 | MMHYX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.53% | — | Jun 2018 | MMHYX vs TMNIX |
Lowest Drawdown Alternatives to MMHYX
MMHYX has a 1-year max drawdown of -2.91%. There are 21 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, 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 | MMHYX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | MMHYX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | MMHYX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | MMHYX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | MMHYX vs TMNIX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MDIJX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 9 | 2.51% | — | Jan 1996 | MMHYX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 21 | 4.09% | — | May 2006 | MMHYX vs MEIKX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 34 | 9.29% | — | Sep 2004 | MMHYX vs MDIJX | |
| MFS Value Fund Class I | Large Cap Value Equities | 21 | 4.05% | — | Feb 1996 | MMHYX vs MEIIX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 7 | -1.97% | — | Jan 1935 | MMHYX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 12 | 4.99% | — | Jun 2012 | MMHYX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 12 | 4.94% | — | Jul 1997 | MMHYX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 23 | 6.05% | — | — | MMHYX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 20 | 3.93% | — | Jan 1996 | MMHYX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 37 | 7.60% | — | Jul 1924 | MMHYX vs MITTX |
Often Compared With MMHYX
Investors most often compare MMHYX with VWALX, RTHAX, NMHIX. These 8 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | Municipal Bonds | 75 | 2.33% | 17.30B | Nov 2001 | MMHYX vs VWALX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | High Yield Muni | 67 | 2.56% | — | May 2015 | MMHYX vs RTHAX | |
| Neuberger Berman Municipal High Income Fund | High Yield Muni | 51 | 0.48% | — | Jun 2015 | MMHYX vs NMHIX | |
| Nuveen High Yield Municipal Bond Fund Class A | High Yield Muni | 60 | 3.02% | — | Jun 1999 | MMHYX vs NHMAX | |
| AB Municipal Income Shares | High Yield Muni | 68 | 2.04% | — | Aug 2010 | MMHYX vs MISHX | |
| PIMCO High Yield Municipal Bond Fund | High Yield Muni | 59 | 2.30% | — | Jul 2006 | MMHYX vs PHMIX | |
| BNY Mellon High Yield Municipal Bond Fund | High Yield Muni | 64 | 2.94% | — | Sep 2005 | MMHYX vs DHMBX | |
| American High-Income Municipal Bond Fund | High Yield Muni | 76 | 2.16% | — | Sep 1994 | MMHYX vs AMHIX |
Compare MMHYX with Any Fund or Stock
Compare MMHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMHYX with funds that move differently
MFS Municipal High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMHYX.
Explore MMHYX Diversifiers