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 a closer substitute for your current allocation.
Cheapest Alternatives to MSCVX
MSCVX charges 0.77% annually. There are 363 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 | MSCVX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | MSCVX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | MSCVX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | MSCVX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | MSCVX vs FSMUX |
Best Risk-Adjusted Alternatives to MSCVX
MSCVX has a PortfoliosLab risk / return rank of 75. There are 296 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 Municipal Bond Portfolio | 100 | — | Aug 2002 | MSCVX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | MSCVX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | MSCVX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | MSCVX vs FHMIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | MSCVX vs DFCMX |
Top Performing MSCVX Alternatives (YTD)
MSCVX is at 1.85% YTD. There are 181 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.68%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen New York AMT Free Quality Municipal Income | 10.68% | — | Nov 2002 | MSCVX vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 10.10% | — | Apr 1998 | MSCVX vs NMI | |
| BlackRock MuniYield Michigan Quality Fund | 8.97% | — | Oct 1992 | MSCVX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.95% | — | Nov 2001 | MSCVX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.75% | — | Feb 1998 | MSCVX vs MUC |
Lowest Volatility Alternatives to MSCVX
MSCVX has 2.63% 1-year volatility. There are 232 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | MSCVX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | MSCVX vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | MSCVX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | MSCVX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | MSCVX vs USMTX |
Lowest Drawdown Alternatives to MSCVX
MSCVX has a 1-year max drawdown of -2.97%. There are 311 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 | MSCVX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | MSCVX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | MSCVX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | MSCVX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | MSCVX vs DFABX |
Other Mutual Funds from MainStay
The 6 most viewed MainStay mutual funds shown here include MDHVX, MTFEX, MMHVX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MainStay MacKay Short Duration High Yield Fund | High Yield Bonds | 93 | 2.22% | — | Dec 2012 | MSCVX vs MDHVX | |
| MainStay MacKay Strategic Municipal Allocation Fun... | Municipal Bonds | 74 | 1.46% | — | Jun 2019 | MSCVX vs MTFEX | |
| MainStay MacKay High Yield Municipal Bond Fund | High Yield Muni | 91 | 3.30% | — | Mar 2010 | MSCVX vs MMHVX | |
| MainStay Candriam Emerging Markets Equity Fund | Emerging Markets Diversified | 82 | 25.91% | — | Nov 2017 | MSCVX vs MCYVX | |
| MainStay Epoch Capital Growth Fund | Global Equities | 30 | 7.88% | — | Jun 2016 | MSCVX vs MECVX | |
| MainStay MacKay New York Tax Free Opportunities Fu... | Municipal Bonds | 88 | 2.73% | — | May 2012 | MSCVX vs MNOVX |
Often Compared With MSCVX
Investors most often compare MSCVX with APUSX, DNYMX, NUV. These 9 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 18 | 1.00% | — | Dec 2017 | MSCVX vs APUSX | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | MSCVX vs DNYMX | |
| Nuveen Municipal Value Fund Inc. | Municipal Bonds | 65 | 3.88% | — | Apr 1987 | MSCVX vs NUV | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 21 | 4.84% | — | Mar 1993 | MSCVX vs NPV | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 48 | 5.22% | — | Nov 1992 | MSCVX vs MPA | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 33 | 6.07% | — | Jul 1992 | MSCVX vs MQY | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.92% | — | Dec 2017 | MSCVX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 92 | 2.11% | — | Jun 2012 | MSCVX vs FXIEX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 72 | 6.52% | — | Mar 1998 | MSCVX vs MUJ |
Compare MSCVX with Any Fund or Stock
Compare MSCVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MSCVX with funds that move differently
MainStay MacKay California Tax Free Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MSCVX.
Explore MSCVX Diversifiers