Nuveen Massachusetts Quality Municipal Income Fund (NMT) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to NMT
NMT charges 0.04% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among NMT alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | Jun 26, 1992 | NMT vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | NMT vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | Dec 3, 1993 | NMT vs EIM | |
| Nuveen Select Maturities Municipal Fund | 0.03% | Sep 18, 1992 | NMT vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | Jun 26, 2012 | NMT vs MMD |
Best Risk-Adjusted Alternatives to NMT
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 | NMT vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | NMT vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | NMT vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | NMT vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | NMT vs USMTX |
Top Performing NMT Alternatives (YTD)
NMT alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| RiverNorth Opportunistic Municipal Income Fund | 7.10% | — | NMT vs RMI | |
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | NMT vs NMI | |
| Nuveen California Municipal Value Fund | 5.80% | Oct 7, 1987 | NMT vs NCA | |
| Nuveen Minnesota Quality Municipal Income Fund | 5.76% | Jun 25, 1993 | NMT vs NMS | |
| Nuveen Virginia Quality Municipal Income Fund | 4.12% | Mar 18, 1993 | NMT vs NPV |
Lowest Volatility Alternatives to NMT
NMT 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 | NMT vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | NMT vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | NMT vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | NMT vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | NMT vs BATVX |
Lowest Drawdown Alternatives to NMT
NMT 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 | NMT vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | NMT vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | NMT vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | NMT vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | NMT vs FHMIX |
Other Mutual Funds from Nuveen
Most popular Nuveen mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 71 | -4.39% | Jan 30, 2007 | NMT vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 9 | -9.14% | Nov 23, 2005 | NMT vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 9 | 0.13% | Jun 26, 2003 | NMT vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 23 | -4.17% | Mar 28, 2006 | NMT vs NSBRX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 15 | -0.75% | Jun 6, 1999 | NMT vs NHMRX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 49 | 2.64% | Dec 22, 1987 | NMT vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 28 | -0.04% | Jan 31, 2013 | NMT vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 11 | -14.74% | May 15, 2009 | NMT vs NVLIX | |
| Nuveen Equity Long/Short Fund | Long-Short | 47 | -4.35% | Dec 29, 2008 | NMT vs NELIX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 90 | -1.95% | Dec 18, 2006 | NMT vs NPSRX |
Often Compared With NMT
What investors most often compare with NMT, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Nuveen California Quality Municipal Income Fund | Municipal Bonds | 71 | 0.49% | Dec 1, 1998 | NMT vs NAC | |
| Baird Strategic Municipal Bond Fund Institutional ... | Municipal Bonds | 81 | -0.21% | — | NMT vs BSNIX | |
| RiverNorth Flexible Municipal Income Fund II Inc. | Municipal Bonds | 8 | 1.79% | — | NMT vs RFMZ | |
| Nuveen Arizona Quality Municipal Income Fund | Municipal Bonds | 25 | 2.58% | Nov 19, 1992 | NMT vs NAZ | |
| RiverNorth Managed Duration Municipal Income Fund ... | Municipal Bonds | 13 | 3.01% | — | NMT vs RMMZ | |
| Western Asset Municipal High Income Fund Inc | Municipal Bonds | 5 | 2.39% | Nov 28, 1988 | NMT vs MHF |
Compare NMT with Any Fund or Stock
Compare NMT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.