Invesco Rochester New York Municipals Fund (RMUNX) 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 RMUNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RMUNX
RMUNX charges 0.78% annually. There are 377 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 | RMUNX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | RMUNX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | RMUNX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | RMUNX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | RMUNX vs FSMUX |
Best Risk-Adjusted Alternatives to RMUNX
RMUNX has a PortfoliosLab risk / return rank of 33. There are 433 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 | RMUNX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | RMUNX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 99 | — | Apr 2022 | RMUNX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | RMUNX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | RMUNX vs TFCYX |
Top Performing RMUNX Alternatives (YTD)
RMUNX is at -0.29% YTD. There are 421 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.42% | — | Apr 1998 | RMUNX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 7.26% | — | Nov 2002 | RMUNX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 6.51% | — | Oct 1992 | RMUNX vs MIY | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 5.51% | 12.30B | Sep 1994 | RMUNX vs VTMFX | |
| AllianceBernstein National Municipal Income Fund | 5.23% | — | Nov 2001 | RMUNX vs AFB |
Lowest Volatility Alternatives to RMUNX
RMUNX has 4.41% 1-year volatility. There are 455 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.53% | — | Aug 2002 | RMUNX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | RMUNX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | RMUNX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | RMUNX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | RMUNX vs USMSX |
Lowest Drawdown Alternatives to RMUNX
RMUNX has a 1-year max drawdown of -3.29%. There are 416 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 | RMUNX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | RMUNX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | RMUNX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | RMUNX vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | RMUNX vs DFABX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, OPGSX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 46 | 14.15% | — | Oct 2020 | RMUNX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 75 | 14.06% | — | Jul 1997 | RMUNX vs VADAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 27 | -10.14% | — | Jul 1983 | RMUNX vs OPGSX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 11 | 5.69% | — | Jun 2005 | RMUNX vs VAFAX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 80 | 17.47% | — | Jun 2001 | RMUNX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 88 | 13.68% | — | Oct 1968 | RMUNX vs ACSTX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 83 | 25.52% | — | Jun 1999 | RMUNX vs VSCAX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 45 | 8.47% | — | Feb 1988 | RMUNX vs MSIGX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 84 | 8.86% | — | Aug 1960 | RMUNX vs ACEIX | |
| Invesco Equally-Weighted S&P 500 Fund | S&P 500 | 75 | 14.22% | — | Jul 1997 | RMUNX vs VADDX |
Often Compared With RMUNX
Investors most often compare RMUNX with FTFMX, VNYTX, PDINX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare RMUNX with Any Fund or Stock
Compare RMUNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RMUNX with funds that move differently
Invesco Rochester New York Municipals Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RMUNX.
Explore RMUNX Diversifiers