Invesco California Municipal Fund (OPCAX) 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 OPCAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OPCAX
OPCAX charges 0.75% annually. There are 337 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 | OPCAX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | OPCAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | OPCAX vs FHMIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | OPCAX vs VTMFX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | OPCAX vs FSMUX |
Best Risk-Adjusted Alternatives to OPCAX
OPCAX has a PortfoliosLab risk / return rank of 82. There are 189 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 | OPCAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | OPCAX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | OPCAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | OPCAX vs FHMIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | OPCAX vs DNYMX |
Top Performing OPCAX Alternatives (YTD)
OPCAX is at 1.80% YTD. There are 135 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 | OPCAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.95% | — | Nov 2002 | OPCAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.09% | — | Oct 1992 | OPCAX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.05% | — | Nov 2001 | OPCAX vs AFB | |
| BlackRock MuniHoldings New Jersey Quality Fund | 6.08% | — | Mar 1998 | OPCAX vs MUJ |
Lowest Volatility Alternatives to OPCAX
OPCAX has 3.84% 1-year volatility. There are 444 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 | OPCAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | OPCAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.58% | — | Apr 2007 | OPCAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | OPCAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | OPCAX vs USMTX |
Lowest Drawdown Alternatives to OPCAX
OPCAX has a 1-year max drawdown of -3.25%. There are 407 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 | OPCAX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | OPCAX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | OPCAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | OPCAX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | OPCAX vs DFSMX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, VAFAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 40 | 15.14% | — | Oct 2020 | OPCAX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 52 | 13.00% | — | — | OPCAX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 8 | 5.58% | — | Jun 2005 | OPCAX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 16 | -14.58% | — | Jul 1983 | OPCAX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 72 | 16.96% | — | Jun 2001 | OPCAX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 73 | 12.31% | — | Oct 1968 | OPCAX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 31 | 7.61% | — | Feb 1988 | OPCAX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 76 | 25.29% | — | Jun 1999 | OPCAX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 68 | 7.66% | — | Aug 1960 | OPCAX vs ACEIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 54 | 13.15% | — | Jul 1997 | OPCAX vs VADDX |
Often Compared With OPCAX
Investors most often compare OPCAX with BCHYX, SCMB, SWNTX. These 18 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare OPCAX with Any Fund or Stock
Compare OPCAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OPCAX with funds that move differently
Invesco California Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OPCAX.
Explore OPCAX Diversifiers