MainStay MacKay California Tax Free Opportunities Fund (MSCVX) Alternatives
MainStay MacKay California Tax Free Opportunities Fund (MSCVX) 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 MSCVX. 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 MSCVX
MSCVX charges 0.77% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among MSCVX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | MSCVX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | MSCVX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | Feb 2, 2021 | MSCVX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | MSCVX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | MSCVX vs FMBIX |
Best Risk-Adjusted Alternatives to MSCVX
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 | MSCVX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | MSCVX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | MSCVX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | MSCVX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | MSCVX vs USMTX |
Top Performing MSCVX Alternatives (YTD)
MSCVX 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 | MSCVX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.12% | Mar 18, 1993 | MSCVX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 3.25% | Nov 21, 2002 | MSCVX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 2.55% | Oct 30, 1992 | MSCVX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.31% | Feb 21, 1991 | MSCVX vs NQP |
Lowest Volatility Alternatives to MSCVX
MSCVX 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 | MSCVX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | MSCVX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | MSCVX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | MSCVX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | MSCVX vs BATVX |
Lowest Drawdown Alternatives to MSCVX
MSCVX 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 | MSCVX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | MSCVX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | MSCVX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | MSCVX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | MSCVX 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 | MSCVX vs MTFEX | |
| MainStay MacKay Short Duration High Yield Fund | High Yield Bonds | 79 | -0.31% | Dec 17, 2012 | MSCVX vs MDHVX | |
| MainStay MacKay High Yield Municipal Bond Fund | High Yield Muni | 25 | -0.65% | Mar 30, 2010 | MSCVX vs MMHVX | |
| MainStay Epoch Capital Growth Fund | Global Equities | 24 | -5.60% | Jun 29, 2016 | MSCVX vs MECVX | |
| MainStay Candriam Emerging Markets Equity Fund | Emerging Markets Diversified | 89 | 3.57% | Nov 14, 2017 | MSCVX vs MCYVX | |
| MainStay MacKay New York Tax Free Opportunities Fu... | Municipal Bonds | 36 | -0.55% | May 13, 2012 | MSCVX vs MNOVX |
Compare MSCVX with Any Fund or Stock
Compare MSCVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.