Redwood Managed Municipal Income Fund (RWMIX) Alternatives
Redwood Managed Municipal Income Fund (RWMIX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RWMIX. 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 RWMIX
RWMIX charges 1.00% annually. Among mutual funds in the High Yield Muni category, these options have the lowest expense ratios among RWMIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | Aug 3, 2014 | RWMIX vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | May 9, 2007 | RWMIX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | Jan 27, 2017 | RWMIX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | Aug 1, 2008 | RWMIX vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | Jun 14, 2015 | RWMIX vs SDHIX |
Best Risk-Adjusted Alternatives to RWMIX
Among mutual funds in the High Yield Muni 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 | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 83 | Jun 10, 2018 | RWMIX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 70 | Jun 14, 2015 | RWMIX vs SDHIX | |
| T. Rowe Price Tax Free High Yield Fund | 65 | Feb 28, 1985 | RWMIX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 54 | Sep 29, 2015 | RWMIX vs ISHYX | |
| AB Municipal Income Shares | 43 | Aug 31, 2010 | RWMIX vs MISHX |
Top Performing RWMIX Alternatives (YTD)
RWMIX alternatives from the High Yield Muni category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 3.79% | Nov 19, 2003 | RWMIX vs NMZ | |
| T. Rowe Price Tax Free High Yield Fund | 0.17% | Feb 28, 1985 | RWMIX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 0.13% | Sep 29, 2015 | RWMIX vs ISHYX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.00% | May 9, 2007 | RWMIX vs EWHYX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -0.04% | Jan 31, 2013 | RWMIX vs NVHIX |
Lowest Volatility Alternatives to RWMIX
RWMIX alternatives from the High Yield Muni category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 2.35% | Jun 10, 2018 | RWMIX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 3.46% | Jun 14, 2015 | RWMIX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 3.77% | Jan 31, 2013 | RWMIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 3.83% | Sep 29, 2015 | RWMIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | 4.02% | May 30, 2013 | RWMIX vs AHYMX |
Lowest Drawdown Alternatives to RWMIX
RWMIX alternatives from the High Yield Muni category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | -2.21% | Jun 10, 2018 | RWMIX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | -3.22% | Jun 14, 2015 | RWMIX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -3.63% | Jan 31, 2013 | RWMIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -3.79% | Sep 29, 2015 | RWMIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -3.81% | May 30, 2013 | RWMIX vs AHYMX |
Other Mutual Funds from Redwood
Most popular Redwood mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Redwood Systematic Macro Trend ("SMarT") Fund | Systematic Trend | 4 | -1.83% | Nov 1, 2017 | RWMIX vs RWSIX | |
| Redwood AlphaFactor Tactical International Fund | Foreign Large Cap Equities | 10 | 2.85% | Nov 2, 2017 | RWMIX vs RWIIX | |
| Redwood Managed Volatility Fund | Nontraditional Bonds | 48 | -1.05% | Dec 18, 2013 | RWMIX vs RWDIX | |
| Redwood Real Estate Income Fund | REIT | 100 | 1.84% | Jun 23, 2023 | RWMIX vs CREMX |
Often Compared With RWMIX
What investors most often compare with RWMIX, based on PortfoliosLab usage data.
Compare RWMIX with Any Fund or Stock
Compare RWMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.