BNY Mellon New York AMT-Free Municipal Bond Fund (PSNYX) 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 PSNYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PSNYX
PSNYX charges 0.79% annually. There are 382 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 | PSNYX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | PSNYX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | PSNYX vs FHMIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | PSNYX vs VTMFX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | PSNYX vs FSMUX |
Best Risk-Adjusted Alternatives to PSNYX
PSNYX has a PortfoliosLab risk / return rank of 83. There are 176 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 | PSNYX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | PSNYX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | PSNYX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | PSNYX vs FHMIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | PSNYX vs DNYMX |
Top Performing PSNYX Alternatives (YTD)
PSNYX is at 1.97% YTD. There are 86 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 | PSNYX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.95% | — | Nov 2002 | PSNYX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.09% | — | Oct 1992 | PSNYX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.05% | — | Nov 2001 | PSNYX vs AFB | |
| BlackRock MuniHoldings New Jersey Quality Fund | 6.08% | — | Mar 1998 | PSNYX vs MUJ |
Lowest Volatility Alternatives to PSNYX
PSNYX has 2.85% 1-year volatility. There are 291 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 | PSNYX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | PSNYX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.58% | — | Apr 2007 | PSNYX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | PSNYX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | PSNYX vs USMTX |
Lowest Drawdown Alternatives to PSNYX
PSNYX has a 1-year max drawdown of -2.76%. There are 221 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 | PSNYX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | PSNYX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | PSNYX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | PSNYX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | PSNYX vs DFSMX |
Other Mutual Funds from BNY Mellon
The 10 most viewed BNY Mellon mutual funds shown here include DREVX, DAGVX, PEOPX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BNY Mellon Large Cap Securities Fund | Large Cap Growth Equities | 27 | 7.84% | — | May 1951 | PSNYX vs DREVX | |
| BNY Mellon Dynamic Value Fund | Large Cap Value Equities | 83 | 15.55% | — | Sep 1995 | PSNYX vs DAGVX | |
| BNY Mellon S&P 500 Index Fund | S&P 500 | 54 | 10.47% | — | Jan 1990 | PSNYX vs PEOPX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | S&P 500 | 57 | 10.65% | — | Sep 1993 | PSNYX vs DSPIX | |
| BNY Mellon Dynamic Value Fund Class I | Large Cap Value Equities | 84 | 15.71% | — | May 2001 | PSNYX vs DRGVX | |
| BNY Mellon Natural Resources Fund Class A | Energy Equities | 61 | 16.59% | — | Oct 2003 | PSNYX vs DNLAX | |
| BNY Mellon Technology Growth Fund | Technology Equities | 36 | 21.15% | — | Oct 1997 | PSNYX vs DTGRX | |
| BNY Mellon Smallcap Stock Index Fund | Small Cap Blend Equities | 75 | 22.65% | — | Jun 1997 | PSNYX vs DISSX | |
| BNY Mellon Global Real Return Fund - Class I | Tactical Allocation | 67 | 5.61% | — | May 2010 | PSNYX vs DRRIX | |
| BNY Mellon Small/Mid Cap Growth Fund Class Y | Mid Cap Growth Equities | 13 | 10.32% | — | Jun 2013 | PSNYX vs DBMYX |
Often Compared With PSNYX
Investors most often compare PSNYX with PL, NPV, DNLDX. These 11 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Planet Labs PBC | 93 | 13.95% | — | — | PSNYX vs PL | ||
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 20 | 4.37% | — | Mar 1993 | PSNYX vs NPV | |
| BNY Mellon Active MidCap Fund | Mid Cap Blend Equities | 55 | 14.84% | — | Jan 1985 | PSNYX vs DNLDX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 17 | 1.00% | — | Dec 2017 | PSNYX vs APUSX | |
| DFA California Municipal Real Return Portfolio | Municipal Bonds | 92 | 1.94% | — | Oct 2017 | PSNYX vs DCARX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 93 | 2.06% | — | Nov 2014 | PSNYX vs DMREX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.92% | — | Dec 2017 | PSNYX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 91 | 1.90% | — | Jun 2012 | PSNYX vs FXIEX | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 50 | 5.97% | — | Feb 1998 | PSNYX vs MUC | |
| Nuveen Municipal Value Fund Inc. | Municipal Bonds | 59 | 3.31% | — | Apr 1987 | PSNYX vs NUV | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 31 | 5.70% | — | Jul 1992 | PSNYX vs MQY |
Compare PSNYX with Any Fund or Stock
Compare PSNYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PSNYX with funds that move differently
BNY Mellon New York AMT-Free Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PSNYX.
Explore PSNYX Diversifiers