Federated Hermes Ohio Municipal Income Fund (OMIFX) 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 OMIFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OMIFX
OMIFX charges 0.92% annually. There are 433 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 | OMIFX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | OMIFX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | OMIFX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | OMIFX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | OMIFX vs FSMUX |
Best Risk-Adjusted Alternatives to OMIFX
OMIFX has a PortfoliosLab risk / return rank of 80. There are 67 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 | OMIFX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | OMIFX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | OMIFX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | OMIFX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | OMIFX vs DFSMX |
Top Performing OMIFX Alternatives (YTD)
OMIFX is at 1.91% YTD. There are 162 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 | OMIFX vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 8.28% | — | Apr 1998 | OMIFX vs NMI | |
| AllianceBernstein National Municipal Income Fund | 7.53% | — | Nov 2001 | OMIFX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.33% | — | Mar 1993 | OMIFX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 5.87% | — | Oct 1992 | OMIFX vs MIY |
Lowest Volatility Alternatives to OMIFX
OMIFX has 2.91% 1-year volatility. There are 316 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 | OMIFX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | OMIFX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | OMIFX vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | OMIFX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | OMIFX vs DFSMX |
Lowest Drawdown Alternatives to OMIFX
OMIFX has a 1-year max drawdown of -2.51%. There are 155 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 | OMIFX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | OMIFX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | OMIFX vs APUSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | OMIFX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | OMIFX vs FHMIX |
Other Mutual Funds from Federated
The 10 most viewed Federated mutual funds shown here include SVAIX, QILGX, QAMNX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | Large Cap Value Equities | 78 | 8.76% | — | Mar 2005 | OMIFX vs SVAIX | |
| Federated Hermes MDT Large Cap Growth Fund | Large Cap Growth Equities | 22 | 5.22% | — | Sep 2005 | OMIFX vs QILGX | |
| Federated Hermes MDT Market Neutral A | Long-Short | 6 | -1.55% | — | Sep 2008 | OMIFX vs QAMNX | |
| Federated Hermes Kaufmann Fd | Mid Cap Growth Equities | 15 | 9.43% | — | Feb 1986 | OMIFX vs KAUFX | |
| Federated Hermes MDT All Cap Core Fund | Large Cap Blend Equities | 47 | 5.92% | — | Oct 2002 | OMIFX vs QIACX | |
| Federated Hermes MDT Mid Cap Growth Fund | Mid Cap Growth Equities | 4 | -0.33% | — | Aug 1984 | OMIFX vs FGSAX | |
| Federated Hermes High-Yield Strategy Portfolio | High Yield Bonds | 69 | 1.19% | — | Dec 2008 | OMIFX vs FHYSX | |
| Federated Hermes Prudent Bear Fd | Inverse Equities | 0 | -7.92% | — | Dec 1995 | OMIFX vs BEARX | |
| Federated Hermes Institutional High Yield Bond Fun... | High Yield Bonds | 65 | 1.16% | — | Nov 2002 | OMIFX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | High Yield Bonds | 55 | 1.34% | — | Aug 1984 | OMIFX vs FHYTX |
Often Compared With OMIFX
Investors most often compare OMIFX with ISCAX, FXIEX, MUJ. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Small-Mid Company F... | Foreign Small & Mid Cap Equities | 37 | 10.83% | — | Feb 1996 | OMIFX vs ISCAX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 79 | 1.92% | — | Jun 2012 | OMIFX vs FXIEX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 57 | 5.53% | — | Mar 1998 | OMIFX vs MUJ | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | OMIFX vs FGNSX |
Compare OMIFX with Any Fund or Stock
Compare OMIFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OMIFX with funds that move differently
Federated Hermes Ohio Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OMIFX.
Explore OMIFX Diversifiers