MainStay MacKay New York Tax Free Opportunities Fund (MNOVX) Alternatives
MainStay MacKay New York Tax Free Opportunities Fund (MNOVX) 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 MNOVX. 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 MNOVX
MNOVX charges 0.76% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among MNOVX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | MNOVX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | MNOVX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | Feb 2, 2021 | MNOVX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | MNOVX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | MNOVX vs FMBIX |
Best Risk-Adjusted Alternatives to MNOVX
Among mutual funds in the Municipal Bonds 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 | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | MNOVX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | MNOVX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | MNOVX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | MNOVX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | MNOVX vs USMTX |
Top Performing MNOVX Alternatives (YTD)
MNOVX alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | MNOVX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.12% | Mar 18, 1993 | MNOVX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 3.25% | Nov 21, 2002 | MNOVX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 2.55% | Oct 30, 1992 | MNOVX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.31% | Feb 21, 1991 | MNOVX vs NQP |
Lowest Volatility Alternatives to MNOVX
MNOVX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | MNOVX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | MNOVX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | MNOVX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | MNOVX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | MNOVX vs BATVX |
Lowest Drawdown Alternatives to MNOVX
MNOVX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | MNOVX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | MNOVX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | MNOVX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | MNOVX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | MNOVX vs FHMIX |
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 | MNOVX vs MTFEX | |
| MainStay MacKay Short Duration High Yield Fund | High Yield Bonds | 79 | -0.31% | Dec 17, 2012 | MNOVX vs MDHVX | |
| MainStay MacKay High Yield Municipal Bond Fund | High Yield Muni | 25 | -0.65% | Mar 30, 2010 | MNOVX vs MMHVX | |
| MainStay Epoch Capital Growth Fund | Global Equities | 24 | -5.60% | Jun 29, 2016 | MNOVX vs MECVX | |
| MainStay MacKay California Tax Free Opportunities ... | Municipal Bonds | 33 | -0.63% | Feb 27, 2013 | MNOVX vs MSCVX | |
| MainStay Candriam Emerging Markets Equity Fund | Emerging Markets Diversified | 89 | 3.57% | Nov 14, 2017 | MNOVX vs MCYVX |
Often Compared With MNOVX
What investors most often compare with MNOVX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Fidelity Conservative Income Municipal Bond Fund I... | Municipal Bonds | 99 | 0.30% | Oct 15, 2013 | MNOVX vs FMNDX | |
| Blackrock 2037 Municipal Target Term Trust | Municipal Bonds | 27 | 0.14% | Oct 28, 2022 | MNOVX vs BMN | |
| DFA California Municipal Real Return Portfolio | Municipal Bonds | 94 | 1.09% | Oct 31, 2017 | MNOVX vs DCARX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 94 | 1.10% | Nov 3, 2014 | MNOVX vs DMREX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 48 | -0.10% | Dec 27, 2017 | MNOVX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 28 | -0.72% | Jun 24, 2012 | MNOVX vs FXIEX |
Compare MNOVX with Any Fund or Stock
Compare MNOVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.