Northern Tax Exempt Fund (NOTEX) 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 NOTEX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NOTEX
NOTEX charges 0.45% annually. There are 96 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 | NOTEX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | NOTEX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | NOTEX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | NOTEX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | NOTEX vs FSMUX |
Best Risk-Adjusted Alternatives to NOTEX
NOTEX has a PortfoliosLab risk / return rank of 71. There are 255 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 | NOTEX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NOTEX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NOTEX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NOTEX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | NOTEX vs DFSMX |
Top Performing NOTEX Alternatives (YTD)
NOTEX is at 1.62% YTD. There are 243 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 9.28%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen New York AMT Free Quality Municipal Income | 9.28% | — | Nov 2002 | NOTEX vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 8.28% | — | Apr 1998 | NOTEX vs NMI | |
| AllianceBernstein National Municipal Income Fund | 7.53% | — | Nov 2001 | NOTEX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.33% | — | Mar 1993 | NOTEX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 5.87% | — | Oct 1992 | NOTEX vs MIY |
Lowest Volatility Alternatives to NOTEX
NOTEX has 2.64% 1-year volatility. There are 238 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.57%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | NOTEX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NOTEX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NOTEX vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NOTEX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | NOTEX vs DFSMX |
Lowest Drawdown Alternatives to NOTEX
NOTEX has a 1-year max drawdown of -2.68%. There are 198 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 | NOTEX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NOTEX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NOTEX vs APUSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NOTEX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NOTEX vs FHMIX |
Other Mutual Funds from Northern Funds
The 10 most viewed Northern Funds mutual funds shown here include NOIEX, NOSIX, NHFIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Northern Income Equity Fund | Large Cap Value Equities | 77 | 10.99% | — | Mar 1994 | NOTEX vs NOIEX | |
| Northern Stock Index Fund | Large Cap Blend Equities | 67 | 10.17% | — | Oct 1996 | NOTEX vs NOSIX | |
| Northern High Yield Fixed Income Fund | High Yield Bonds | 81 | 1.70% | — | Dec 1998 | NOTEX vs NHFIX | |
| Northern Global Sustainability Index Fund | Global Equities | 54 | 9.40% | — | Mar 2008 | NOTEX vs NSRIX | |
| Northern International Equity Index Fund | Foreign Large Cap Equities | 36 | 10.70% | — | Mar 2005 | NOTEX vs NOINX | |
| Northern Small Cap Value Fund | Small Cap Value Equities | 70 | 17.91% | — | Mar 1994 | NOTEX vs NOSGX | |
| Northern Small Cap Core Fund | Small Cap Blend Equities | 72 | 19.53% | — | Sep 1999 | NOTEX vs NSGRX | |
| Northern Large Cap Core Fund | Large Cap Blend Equities | 77 | 9.18% | — | Dec 2005 | NOTEX vs NOLCX | |
| Northern Bond Index Fund | Intermediate Core Bond | 18 | 0.04% | — | Feb 2007 | NOTEX vs NOBOX | |
| Northern Mid Cap Index Fund | Mid Cap Blend Equities | 49 | 15.38% | — | Mar 2005 | NOTEX vs NOMIX |
Often Compared With NOTEX
Investors most often compare NOTEX with MUC, NSIDX, MUJ. These 7 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 35 | 5.45% | — | Feb 1998 | NOTEX vs MUC | |
| Northern Small Cap Index Fund | Small Cap Blend Equities | 69 | 20.69% | — | Sep 1999 | NOTEX vs NSIDX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 57 | 5.53% | — | Mar 1998 | NOTEX vs MUJ | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 29 | 4.13% | — | Nov 1992 | NOTEX vs MPA | |
| Northern Core Bond Fund | Intermediate Core Bond | 18 | -0.13% | — | Mar 2001 | NOTEX vs NOCBX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 79 | 1.92% | — | Jun 2012 | NOTEX vs FXIEX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | NOTEX vs FGNSX |
Compare NOTEX with Any Fund or Stock
Compare NOTEX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NOTEX with funds that move differently
Northern Tax Exempt Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NOTEX.
Explore NOTEX Diversifiers