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 239 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 | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | NYAAX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | NYAAX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | NYAAX vs NMTRX | |
| 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 81. There are 151 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 | NYAAX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NYAAX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NYAAX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NYAAX vs DFCMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | NYAAX vs TFCYX |
Top Performing NYAAX Alternatives (YTD)
NYAAX is at 2.28% YTD. There are 80 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | NYAAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.39% | — | Nov 2002 | NYAAX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 8.29% | — | Nov 2001 | NYAAX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.80% | — | Mar 1993 | NYAAX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 6.74% | — | Oct 1992 | NYAAX vs MIY |
Lowest Volatility Alternatives to NYAAX
NYAAX has 3.03% 1-year volatility. There are 350 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | NYAAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.58% | — | Apr 2007 | NYAAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NYAAX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.60% | — | Aug 2002 | NYAAX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.61% | — | May 2016 | NYAAX vs USMTX |
Lowest Drawdown Alternatives to NYAAX
NYAAX has a 1-year max drawdown of -2.76%. There are 223 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 | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NYAAX vs APUSX | |
| 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 |
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 9 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| American Funds Short-Term Tax Exempt Bond Fund | Municipal Bonds | 82 | 1.00% | — | Aug 2009 | NYAAX vs ASTEX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 0.77% | — | Dec 2017 | NYAAX vs FGNSX | |
| DFA California Municipal Real Return Portfolio | Municipal Bonds | 94 | 1.65% | — | Oct 2017 | NYAAX vs DCARX | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 42 | 5.94% | — | Feb 1998 | NYAAX vs MUC | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 85 | 2.02% | — | Jun 2012 | NYAAX vs FXIEX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 96 | 1.95% | — | Nov 2014 | NYAAX vs DMREX | |
| T. Rowe Price Maryland Short-Term Tax-Free Bond Fu... | Municipal Bonds | 81 | 0.85% | — | Jan 1993 | NYAAX vs PRMDX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 65 | 5.62% | — | Mar 1998 | NYAAX vs MUJ | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 24 | 4.72% | — | Jul 1992 | NYAAX vs MQY |
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