T. Rowe Price Maryland Short-Term Tax-Free Bond Fund (PRMDX) Alternatives
T. Rowe Price Maryland Short-Term Tax-Free Bond Fund (PRMDX) 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 PRMDX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to PRMDX
PRMDX charges 0.53% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among PRMDX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | PRMDX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | PRMDX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | Feb 2, 2021 | PRMDX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | PRMDX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | PRMDX vs FMBIX |
Best Risk-Adjusted Alternatives to PRMDX
Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | PRMDX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | PRMDX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | PRMDX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | PRMDX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | PRMDX vs USMTX |
Top Performing PRMDX Alternatives (YTD)
PRMDX alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | PRMDX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.12% | Mar 18, 1993 | PRMDX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 3.25% | Nov 21, 2002 | PRMDX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 2.55% | Oct 30, 1992 | PRMDX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.31% | Feb 21, 1991 | PRMDX vs NQP |
Lowest Volatility Alternatives to PRMDX
PRMDX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | PRMDX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | PRMDX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | PRMDX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | PRMDX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | PRMDX vs BATVX |
Lowest Drawdown Alternatives to PRMDX
PRMDX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | PRMDX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | PRMDX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | PRMDX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | PRMDX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | PRMDX vs FHMIX |
Other Mutual Funds from T. Rowe Price
Most popular T. Rowe Price mutual funds on PortfoliosLab, across asset classes.
Often Compared With PRMDX
What investors most often compare with PRMDX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| T. Rowe Price Tax Free Short-Intermediate Fund | Municipal Bonds | 90 | 0.17% | Dec 22, 1983 | PRMDX vs PRFSX | |
| Vanguard Short-Term Tax-Exempt Fund Investor Share... | Municipal Bonds | 98 | 0.22% | Sep 1, 1977 | PRMDX vs VWSTX | |
| Fidelity Limited Term Municipal Income Fund | Municipal Bonds | 91 | -0.18% | Dec 24, 1986 | PRMDX vs FSTFX | |
| T. Rowe Price Maryland Tax Free Bond Fund | Municipal Bonds | 75 | -0.05% | Mar 30, 1987 | PRMDX vs MDXBX | |
| Vanguard Short Duration Tax-Exempt Bond ETF | Municipal Bonds | 90 | 0.30% | Nov 21, 2024 | PRMDX vs VSDM | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | Municipal Bonds | 87 | 0.02% | Mar 8, 2023 | PRMDX vs VTES | |
| Fidelity Real Estate Investment Portfolio | REIT | 8 | 1.88% | Nov 17, 1986 | PRMDX vs FRESX | |
| T. Rowe Price Ultra Short-Term Bond Fund | Ultrashort Bond | 100 | 0.65% | Dec 3, 2012 | PRMDX vs TRBUX | |
| VanEck Short Muni ETF | Municipal Bonds | 82 | -0.20% | Feb 22, 2008 | PRMDX vs SMB | |
| Vanguard Short-Term Treasury ETF | Government Bonds, Short-Term Bond | 97 | 0.28% | Nov 19, 2009 | PRMDX vs VGSH |
Compare PRMDX with Any Fund or Stock
Compare PRMDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.