American Funds Tax-Exempt Fund of New York (NYAAX) 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 NYAAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NYAAX
NYAAX charges 0.61% annually. There are 237 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 | NYAAX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | NYAAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | NYAAX vs FHMIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | NYAAX vs VTMFX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | NYAAX vs FSMUX |
Best Risk-Adjusted Alternatives to NYAAX
NYAAX has a PortfoliosLab risk / return rank of 87. There are 111 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 | NYAAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | NYAAX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NYAAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | NYAAX vs FHMIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NYAAX vs DNYMX |
Top Performing NYAAX Alternatives (YTD)
NYAAX is at 2.04% YTD. There are 73 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.24% | — | Apr 1998 | NYAAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.95% | — | Nov 2002 | NYAAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.09% | — | Oct 1992 | NYAAX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.05% | — | Nov 2001 | NYAAX vs AFB | |
| BlackRock MuniHoldings New Jersey Quality Fund | 6.08% | — | Mar 1998 | NYAAX vs MUJ |
Lowest Volatility Alternatives to NYAAX
NYAAX has 3.01% 1-year volatility. There are 337 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.54% | — | Aug 2002 | NYAAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | NYAAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.58% | — | Apr 2007 | NYAAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | NYAAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | NYAAX vs USMTX |
Lowest Drawdown Alternatives to NYAAX
NYAAX has a 1-year max drawdown of -2.76%. There are 221 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 | NYAAX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NYAAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NYAAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NYAAX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | NYAAX vs DFSMX |
Other Mutual Funds from American Funds
The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, AWSHX and span 7 categories.
Often Compared With NYAAX
Investors most often compare NYAAX with ASTEX, FGNSX, DCARX. These 11 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare NYAAX with Any Fund or Stock
Compare NYAAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NYAAX with funds that move differently
American Funds Tax-Exempt Fund of New York alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NYAAX.
Explore NYAAX Diversifiers