PIMCO High Yield Municipal Bond Fund (PHMIX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PHMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PHMIX
PHMIX charges 0.55% annually. There are 11 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | PHMIX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | PHMIX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | PHMIX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | PHMIX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | PHMIX vs HIMFX |
Best Risk-Adjusted Alternatives to PHMIX
PHMIX has a PortfoliosLab risk / return rank of 65. There are 32 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 93 | — | Feb 1985 | PHMIX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 92 | — | Apr 1987 | PHMIX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 90 | — | Sep 2015 | PHMIX vs ISHYX | |
| Columbia High Yield Municipal Fund | 86 | — | Mar 1984 | PHMIX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 83 | — | May 2007 | PHMIX vs EWHYX |
Top Performing PHMIX Alternatives (YTD)
PHMIX is at 2.55% YTD. There are 25 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 6.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 6.50% | — | Nov 2003 | PHMIX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.60% | — | May 2007 | PHMIX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.41% | — | Jun 2016 | PHMIX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.38% | — | Mar 1984 | PHMIX vs SRHMX | |
| BlackRock Allocation Target Shares Series E Portfo... | 3.34% | — | Aug 2014 | PHMIX vs BATEX |
Lowest Volatility Alternatives to PHMIX
PHMIX has 3.43% 1-year volatility. There are 29 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.01% | — | Mar 2017 | PHMIX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | PHMIX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.24% | — | Jan 2013 | PHMIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.30% | — | Sep 2015 | PHMIX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.55% | — | Jun 2018 | PHMIX vs TMNIX |
Lowest Drawdown Alternatives to PHMIX
PHMIX has a 1-year max drawdown of -2.93%. There are 24 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.80% | — | Jan 2013 | PHMIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | PHMIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | PHMIX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | PHMIX vs SDHIX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | PHMIX vs TMNIX |
Other Mutual Funds from PIMCO
The 10 most viewed PIMCO mutual funds shown here include PIMIX, PTY, PONAX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | Multisector Bonds | 40 | 0.81% | — | Mar 2007 | PHMIX vs PIMIX | |
| PIMCO Corporate & Income Opportunity Fund | Corporate Bonds | 1 | -3.95% | — | Dec 2002 | PHMIX vs PTY | |
| PIMCO Income Fund Class A | Multisector Bonds | 37 | 0.64% | — | Apr 2007 | PHMIX vs PONAX | |
| PIMCO Total Return Fund Institutional Class | Intermediate Core-Plus Bond | 26 | 0.41% | — | May 1987 | PHMIX vs PTTRX | |
| PIMCO Corporate & Income Strategy Fund | Multisector Bonds | 6 | -2.78% | — | Dec 2001 | PHMIX vs PCN | |
| PIMCO Income Fund Class I-2 | Total Bond Market | 40 | 0.77% | — | — | PHMIX vs PONPX | |
| PIMCO StocksPLUS Long Duration Fund Class I | Diversified Portfolio | 33 | 7.22% | — | Aug 2007 | PHMIX vs PSLDX | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 8 | -2.70% | — | Oct 2004 | PHMIX vs PFN | |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | Global Bonds | 10 | 0.43% | — | Dec 1992 | PHMIX vs PFORX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | Foreign Large Cap Equities | 38 | 11.74% | — | Oct 2003 | PHMIX vs PISIX |
Often Compared With PHMIX
Investors most often compare PHMIX with PFIUX, NHMRX, MTD. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare PHMIX with Any Fund or Stock
Compare PHMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PHMIX with funds that move differently
PIMCO High Yield Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PHMIX.
Explore PHMIX Diversifiers