RLVSX Alternatives & Similar Mutual Funds

Russell Investments Tax-Exempt Bond Fund (RLVSX) 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 RLVSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to RLVSX

RLVSX charges 0.53% annually. There are 174 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	RLVSX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	RLVSX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	RLVSX vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	RLVSX vs FSMUX
FMBIX	Fidelity Municipal Bond Index Fund	0.07%	0.00	Jul 2019	RLVSX vs FMBIX

Best Risk-Adjusted Alternatives to RLVSX

RLVSX has a PortfoliosLab risk / return rank of 79. There are 85 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	RLVSX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	RLVSX vs DFCMX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	RLVSX vs DNYMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	RLVSX vs DFSMX
USMTX	JPMorgan Ultra-Short Municipal Fund	99	—	May 2016	RLVSX vs USMTX

Top Performing RLVSX Alternatives (YTD)

RLVSX is at 1.53% YTD. There are 231 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.50%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.50%	—	Apr 1998	RLVSX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	7.89%	—	Nov 2002	RLVSX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	6.96%	—	Nov 2001	RLVSX vs AFB
NPV	Nuveen Virginia Quality Municipal Income Fund	6.88%	—	Mar 1993	RLVSX vs NPV
MIY	BlackRock MuniYield Michigan Quality Fund	5.83%	—	Oct 1992	RLVSX vs MIY

Lowest Volatility Alternatives to RLVSX

RLVSX has 1.77% 1-year volatility. There are 76 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	RLVSX vs DFABX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	RLVSX vs USMTX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	RLVSX vs USMSX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	RLVSX vs DFCMX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	RLVSX vs DFSMX

Lowest Drawdown Alternatives to RLVSX

RLVSX has a 1-year max drawdown of -2.17%. There are 91 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
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	RLVSX vs BATVX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	RLVSX vs FHMIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	RLVSX vs APUSX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	RLVSX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	RLVSX vs TFCYX

Other Mutual Funds from Russell

The 10 most viewed Russell mutual funds shown here include REBYX, RGEAX, RGIYX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
REBYX	Russell Investments U.S. Small Cap Equity Fund	Small Cap Blend Equities	57	16.13%	—	Mar 2000	RLVSX vs REBYX
RGEAX	Russell Investments Global Equity Fund	Global Equities	50	8.82%	—	Feb 2007	RLVSX vs RGEAX
RGIYX	Russell Investments Global Infrastructure Fund	Energy Equities	29	8.12%	—	Sep 2010	RLVSX vs RGIYX
RINYX	Russell Investments International Developed Market...	Foreign Large Cap Equities	24	6.75%	—	Mar 2000	RLVSX vs RINYX
RSEAX	Russell Investments U.S. Strategic Equity Fund	Large Cap Blend Equities	48	8.87%	—	Aug 2012	RLVSX vs RSEAX
RTDYX	Russell Investments Multifactor U.S. Equity Fund	Large Cap Blend Equities	70	11.29%	—	Jul 2014	RLVSX vs RTDYX
RFAYX	Russell Investments Investment Grade Bond Fund	Intermediate Core Bond	26	0.16%	—	Mar 2000	RLVSX vs RFAYX
RMYYX	Russell Investments Multi-Strategy Income Fund	Diversified Portfolio	61	4.23%	—	Apr 2015	RLVSX vs RMYYX
RALVX	Russell Investments LifePoints Growth Strategy Fun...	Diversified Portfolio	60	8.98%	—	Mar 1998	RLVSX vs RALVX
REAYX	Russell Investments Equity Income Fund	Large Cap Value Equities	68	10.99%	—	Mar 2000	RLVSX vs REAYX

Often Compared With RLVSX

Investors most often compare RLVSX with RUSG.L, RELVX, RFBSX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
RUSG.L	Lyxor Russell 1000 Growth UCITS ETF	Large Cap Growth Equities	—	—	718.45M	Oct 2011	RLVSX vs RUSG.L
RELVX	Russell Investments LifePoints Equity Growth Strat...	Diversified Portfolio	61	10.01%	—	Mar 1998	RLVSX vs RELVX
RFBSX	Russell Investments Short Duration Bond Fund	Short-Term Bond	89	0.67%	—	Oct 1981	RLVSX vs RFBSX
RFCYX	Russell Investments Strategic Bond Fund	Intermediate Core-Plus Bond	24	-0.01%	—	Jun 2005	RLVSX vs RFCYX
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fun...	High Yield Muni	67	2.56%	—	May 2015	RLVSX vs RTHAX
RTIYX	Russell Investments Multifactor International Equi...	Foreign Large Cap Equities	31	8.25%	—	Jul 2014	RLVSX vs RTIYX
RCLVX	Russell Investments LifePoints Conservative Strate...	Diversified Portfolio	50	2.31%	—	Mar 1998	RLVSX vs RCLVX
RMGSX	Russell Investments Multi-Asset Growth Strategy Fu...	Global Allocation	72	7.70%	—	Mar 2017	RLVSX vs RMGSX
RRESX	Russell Investments Global Real Estate Securities ...	REIT	11	6.16%	—	Jul 1989	RLVSX vs RRESX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	96	2.33%	—	Nov 2014	RLVSX vs DMREX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	97	2.22%	—	Oct 2017	RLVSX vs DCARX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	76	1.71%	—	Jun 2012	RLVSX vs FXIEX
REUYX	Sustainable Equity Fund	Large Cap Blend Equities	31	6.88%	—	Mar 2000	RLVSX vs REUYX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	97	0.77%	—	Dec 2017	RLVSX vs FGNSX
MQY	BlackRock MuniYield Quality Fund	Municipal Bonds	17	3.64%	—	Jul 1992	RLVSX vs MQY
NUV	Nuveen Municipal Value Fund Inc.	Municipal Bonds	39	1.90%	—	Apr 1987	RLVSX vs NUV
REMSX	Russell Investments Emerging Markets Fund	Emerging Markets Diversified	89	29.25%	—	Jan 1993	RLVSX vs REMSX
NQP	Nuveen Pennsylvania Quality Municipal Income	Municipal Bonds	—	—	—	Feb 1991	RLVSX vs NQP
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	27	4.64%	—	Feb 1998	RLVSX vs MUC
RMLVX	Russell Investments LifePoints Moderate Strategy F...	Diversified Portfolio	61	4.50%	—	Mar 1998	RLVSX vs RMLVX

Compare RLVSX with Any Fund or Stock

Compare RLVSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair RLVSX with funds that move differently

Russell Investments Tax-Exempt Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RLVSX.

Explore RLVSX Diversifiers

Russell Investments Tax-Exempt Bond Fund (RLVSX) Alternatives