Invesco Rochester AMT-Free New York Municipal Fund (OPNYX) 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 OPNYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OPNYX
OPNYX charges 0.84% annually. There are 411 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 | OPNYX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | OPNYX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | OPNYX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | OPNYX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | OPNYX vs FSMUX |
Best Risk-Adjusted Alternatives to OPNYX
OPNYX has a PortfoliosLab risk / return rank of 68. There are 398 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 | OPNYX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | OPNYX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | OPNYX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | OPNYX vs DNYMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | OPNYX vs TFCYX |
Top Performing OPNYX Alternatives (YTD)
OPNYX is at 2.85% YTD. There are 86 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.08% | — | Apr 1998 | OPNYX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.83% | — | Nov 2002 | OPNYX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 9.24% | — | Nov 2001 | OPNYX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 7.64% | — | Mar 1993 | OPNYX vs NPV | |
| BlackRock MuniHoldings California Quality Fund | 7.01% | — | Feb 1998 | OPNYX vs MUC |
Lowest Volatility Alternatives to OPNYX
OPNYX has 4.03% 1-year volatility. There are 452 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 | OPNYX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | OPNYX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | OPNYX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.60% | — | Aug 2002 | OPNYX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | OPNYX vs USMTX |
Lowest Drawdown Alternatives to OPNYX
OPNYX has a 1-year max drawdown of -3.02%. There are 344 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 | OPNYX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | OPNYX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | OPNYX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | OPNYX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | OPNYX 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 | 64 | 20.12% | — | Oct 2020 | OPNYX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 47 | 11.83% | — | — | OPNYX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 12 | 10.02% | — | Jun 2005 | OPNYX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 20 | -10.53% | — | Jul 1983 | OPNYX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 84 | 24.05% | — | Jun 2001 | OPNYX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 65 | 10.90% | — | Oct 1968 | OPNYX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 89 | 34.69% | — | Jun 1999 | OPNYX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 29 | 6.32% | — | Feb 1988 | OPNYX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 60 | 6.65% | — | Aug 1960 | OPNYX vs ACEIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 48 | 11.97% | — | Jul 1997 | OPNYX vs VADDX |
Often Compared With OPNYX
Investors most often compare OPNYX with RMUNX, FXIEX, OPPAX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Rochester New York Municipals Fund | Municipal Bonds | 53 | 2.74% | — | May 1986 | OPNYX vs RMUNX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 85 | 2.63% | — | Jun 2012 | OPNYX vs FXIEX | |
| Invesco Global Fund | Global Equities | 19 | 9.43% | — | Dec 1969 | OPNYX vs OPPAX | |
| BlackRock MuniYield Michigan Quality Fund | Municipal Bonds | 33 | 6.66% | — | Oct 1992 | OPNYX vs MIY | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 0 | -9.63% | — | Dec 2017 | OPNYX vs APUSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 62 | 6.22% | — | Mar 1998 | OPNYX vs MUJ | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 1.02% | — | Dec 2017 | OPNYX vs FGNSX |
Compare OPNYX with Any Fund or Stock
Compare OPNYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OPNYX with funds that move differently
Invesco Rochester AMT-Free New York Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OPNYX.
Explore OPNYX Diversifiers