Nuveen Massachusetts Quality Municipal Income Fund (NMT) 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 NMT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMT
NMT charges 0.04% annually. There are 13 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 Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | NMT vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | NMT vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | NMT vs EIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | NMT vs MMD | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | NMT vs NIM |
Best Risk-Adjusted Alternatives to NMT
NMT has a PortfoliosLab risk / return rank of 55. There are 456 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 Selective State Municipal Bond Port... | 100 | — | Apr 2022 | NMT vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | NMT vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NMT vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | NMT vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | NMT vs FHMIX |
Top Performing NMT Alternatives (YTD)
NMT is at 15.78% YTD. No mutual funds in the Municipal Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 13.68%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| RiverNorth Opportunistic Municipal Income Fund | 13.68% | — | — | NMT vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 11.77% | — | — | NMT vs RFMZ | |
| Nuveen Municipal Income Fund, Inc. | 10.97% | — | Apr 1998 | NMT vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.93% | — | Nov 2002 | NMT vs NRK | |
| Nuveen Arizona Quality Municipal Income Fund | 9.76% | — | Nov 1992 | NMT vs NAZ |
Lowest Volatility Alternatives to NMT
NMT has 10.58% 1-year volatility. There are 482 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 | NMT vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.56% | — | Aug 2002 | NMT vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | NMT vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | NMT vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NMT vs USMTX |
Lowest Drawdown Alternatives to NMT
NMT has a 1-year max drawdown of -5.84%. There are 464 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 | NMT vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NMT vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NMT vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NMT vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | NMT vs DFABX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 10 categories.
Often Compared With NMT
Investors most often compare NMT with NCA, NAC, BSNIX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare NMT with Any Fund or Stock
Compare NMT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMT with funds that move differently
Nuveen Massachusetts Quality Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMT.
Explore NMT Diversifiers