T. Rowe Price Tax Free Income Fund (PRTAX) Alternatives
T. Rowe Price Tax Free Income Fund (PRTAX) 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 PRTAX. 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 PRTAX
PRTAX charges 0.53% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among PRTAX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | PRTAX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | PRTAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | Feb 2, 2021 | PRTAX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | PRTAX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | PRTAX vs FMBIX |
Best Risk-Adjusted Alternatives to PRTAX
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 | PRTAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | PRTAX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | PRTAX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | PRTAX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | PRTAX vs USMTX |
Top Performing PRTAX Alternatives (YTD)
PRTAX 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 | PRTAX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.12% | Mar 18, 1993 | PRTAX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 3.25% | Nov 21, 2002 | PRTAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 2.55% | Oct 30, 1992 | PRTAX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.31% | Feb 21, 1991 | PRTAX vs NQP |
Lowest Volatility Alternatives to PRTAX
PRTAX 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 | PRTAX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | PRTAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | PRTAX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | PRTAX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | PRTAX vs BATVX |
Lowest Drawdown Alternatives to PRTAX
PRTAX 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 | PRTAX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | PRTAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | PRTAX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | PRTAX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | PRTAX vs FHMIX |
Other Mutual Funds from T. Rowe Price
Most popular T. Rowe Price mutual funds on PortfoliosLab, across asset classes.
Often Compared With PRTAX
What investors most often compare with PRTAX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| T. Rowe Price Summit Municipal Income Fund | Municipal Bonds | 29 | -0.56% | Oct 28, 1993 | PRTAX vs PRINX | |
| American Century High-Yield Municipal Fund | High Yield Muni | 27 | -0.65% | Mar 30, 1998 | PRTAX vs ABHYX | |
| Vanguard Tax-Exempt Bond ETF | Municipal Bonds | 54 | -0.23% | Aug 21, 2015 | PRTAX vs VTEB | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | Municipal Bonds | 43 | -0.65% | Dec 27, 1978 | PRTAX vs VWAHX | |
| Fidelity Floating Rate High Income Fund | High Yield Bonds | 84 | -0.61% | Aug 16, 2000 | PRTAX vs FFRHX | |
| Fidelity Tax-Free Bond Fund | Municipal Bonds | 56 | -0.77% | Apr 10, 2001 | PRTAX vs FTABX | |
| Fidelity Municipal Income Fund | Municipal Bonds | 52 | -0.82% | Dec 1, 1977 | PRTAX vs FHIGX | |
| T. Rowe Price Summit Municipal Intermediate Fund | Municipal Bonds | 63 | -0.54% | Oct 28, 1993 | PRTAX vs PRSMX |
Compare PRTAX with Any Fund or Stock
Compare PRTAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.