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 a closer substitute for your current allocation.
Cheapest Alternatives to RWMIX
RWMIX charges 1.00% annually. There are 44 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.80B | Nov 2001 | RWMIX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | RWMIX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.80B | Dec 1978 | RWMIX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | RWMIX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | RWMIX vs HIMFX |
Best Risk-Adjusted Alternatives to RWMIX
RWMIX has a PortfoliosLab risk / return rank of 11. There are 50 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 93 | — | Feb 1985 | RWMIX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 93 | — | Apr 1987 | RWMIX vs FHTFX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 88 | — | Jan 2013 | RWMIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 87 | — | Sep 2015 | RWMIX vs ISHYX | |
| Columbia High Yield Municipal Fund | 87 | — | Mar 1984 | RWMIX vs SRHMX |
Top Performing RWMIX Alternatives (YTD)
RWMIX is at -1.16% YTD. There are 51 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 4.20% | — | Nov 2003 | RWMIX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 2.27% | — | May 2007 | RWMIX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 2.16% | — | Jun 2016 | RWMIX vs NHMFX | |
| Columbia High Yield Municipal Fund | 2.11% | — | Mar 1984 | RWMIX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 2.06% | — | Jun 1999 | RWMIX vs NHMRX |
Lowest Volatility Alternatives to RWMIX
RWMIX has 2.28% 1-year volatility. There are 2 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.06%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Lord Abbett Short Duration High Income Municipal B... | 2.06% | — | Jun 2015 | RWMIX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.11% | — | Jan 2013 | RWMIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | RWMIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | 2.54% | — | May 2013 | RWMIX vs AHYMX | |
| First Eagle Short Duration High Yield Municipal Fu... | 2.63% | — | Feb 2024 | RWMIX vs FDUAX |
Lowest Drawdown Alternatives to RWMIX
RWMIX has a 1-year max drawdown of -3.03%. There are 26 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Eagle Short Duration High Yield Municipal Fu... | -1.71% | — | Feb 2024 | RWMIX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | RWMIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | RWMIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | RWMIX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | RWMIX vs SDHIX |
Other Mutual Funds from Redwood
The 4 most viewed Redwood mutual funds shown here include CREMX, RWIIX, RWSIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Redwood Real Estate Income Fund | REIT | 100 | 4.06% | — | Jun 2023 | RWMIX vs CREMX | |
| Redwood AlphaFactor Tactical International Fund | Foreign Large Cap Equities | 59 | 8.40% | — | Nov 2017 | RWMIX vs RWIIX | |
| Redwood Systematic Macro Trend ("SMarT") Fund | Systematic Trend | 51 | 10.49% | — | Nov 2017 | RWMIX vs RWSIX | |
| Redwood Managed Volatility Fund | Nontraditional Bonds | 71 | 1.15% | — | Dec 2013 | RWMIX vs RWDIX |
Often Compared With RWMIX
Investors most often compare RWMIX with GWMEX, NSIOX, ABHYX. These 20 comparison targets span 1 categories, 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.
Pair RWMIX with funds that move differently
Redwood Managed Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RWMIX.
Explore RWMIX Diversifiers