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 384 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 | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | PSNYX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | PSNYX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | PSNYX vs NMTRX | |
| 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 76. There are 246 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 Selective State Municipal Bond Port... | 100 | — | Apr 2022 | PSNYX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | PSNYX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | PSNYX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | PSNYX vs DFCMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | PSNYX vs TFCYX |
Top Performing PSNYX Alternatives (YTD)
PSNYX is at 2.08% YTD. There are 129 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | PSNYX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.39% | — | Nov 2002 | PSNYX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 8.29% | — | Nov 2001 | PSNYX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.80% | — | Mar 1993 | PSNYX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 6.74% | — | Oct 1992 | PSNYX vs MIY |
Lowest Volatility Alternatives to PSNYX
PSNYX has 2.85% 1-year volatility. There are 297 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 | PSNYX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.58% | — | Apr 2007 | PSNYX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | PSNYX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.60% | — | Aug 2002 | PSNYX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.61% | — | May 2016 | PSNYX vs USMTX |
Lowest Drawdown Alternatives to PSNYX
PSNYX has a 1-year max drawdown of -2.76%. There are 223 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 | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | PSNYX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | PSNYX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | PSNYX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | PSNYX vs FHMIX |
Other Mutual Funds from BNY Mellon
The 10 most viewed BNY Mellon mutual funds shown here include DREVX, PEOPX, DAGVX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BNY Mellon Large Cap Securities Fund | Large Cap Growth Equities | 28 | 5.18% | — | May 1951 | PSNYX vs DREVX | |
| BNY Mellon S&P 500 Index Fund | S&P 500 | 52 | 7.86% | — | Jan 1990 | PSNYX vs PEOPX | |
| BNY Mellon Dynamic Value Fund | Large Cap Value Equities | 82 | 14.79% | — | Sep 1995 | PSNYX vs DAGVX | |
| BNY Mellon Institutional S&P 500 Stock Index Fund | S&P 500 | 55 | 8.01% | — | Sep 1993 | PSNYX vs DSPIX | |
| BNY Mellon Dynamic Value Fund Class I | Large Cap Value Equities | 83 | 14.94% | — | May 2001 | PSNYX vs DRGVX | |
| BNY Mellon Natural Resources Fund Class A | Energy Equities | 59 | 14.45% | — | Oct 2003 | PSNYX vs DNLAX | |
| BNY Mellon Smallcap Stock Index Fund | Small Cap Blend Equities | 72 | 20.44% | — | Jun 1997 | PSNYX vs DISSX | |
| BNY Mellon Global Real Return Fund - Class I | Tactical Allocation | 68 | 5.00% | — | May 2010 | PSNYX vs DRRIX | |
| BNY Mellon Small/Mid Cap Growth Fund Class Y | Mid Cap Growth Equities | 15 | 12.10% | — | Jun 2013 | PSNYX vs DBMYX | |
| BNY Mellon Active MidCap Fund | Mid Cap Blend Equities | 51 | 13.09% | — | Jan 1985 | PSNYX vs DNLDX |
Often Compared With PSNYX
Investors most often compare PSNYX with PL, DTGRX, DMREX. These 10 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Planet Labs PBC | 96 | 34.43% | — | — | PSNYX vs PL | ||
| BNY Mellon Technology Growth Fund | Technology Equities | 60 | 28.20% | — | Oct 1997 | PSNYX vs DTGRX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 96 | 1.95% | — | Nov 2014 | PSNYX vs DMREX | |
| DFA California Municipal Real Return Portfolio | Municipal Bonds | 94 | 1.65% | — | Oct 2017 | PSNYX vs DCARX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 0.77% | — | Dec 2017 | PSNYX vs FGNSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 85 | 2.02% | — | Jun 2012 | PSNYX vs FXIEX | |
| Nuveen Municipal Value Fund Inc. | Municipal Bonds | 56 | 2.95% | — | Apr 1987 | PSNYX vs NUV | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 42 | 5.94% | — | Feb 1998 | PSNYX vs MUC | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 24 | 4.72% | — | Jul 1992 | PSNYX vs MQY | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 65 | 5.62% | — | Mar 1998 | PSNYX vs MUJ |
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