DWS Massachusetts Tax Free Fund (SCMAX) 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 SCMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SCMAX
SCMAX charges 0.61% annually. There are 239 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 | SCMAX vs LSMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | SCMAX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | SCMAX vs NMTRX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | SCMAX vs VTMFX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | SCMAX vs FSMUX |
Best Risk-Adjusted Alternatives to SCMAX
SCMAX has a PortfoliosLab risk / return rank of 73. There are 149 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 | SCMAX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | SCMAX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 99 | — | Apr 2022 | SCMAX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | SCMAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | SCMAX vs TFCYX |
Top Performing SCMAX Alternatives (YTD)
SCMAX is at 0.67% YTD. There are 118 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.88%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.88% | — | Apr 1998 | SCMAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 6.63% | — | Nov 2002 | SCMAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 5.90% | — | Oct 1992 | SCMAX vs MIY | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 4.67% | 12.30B | Sep 1994 | SCMAX vs VTMFX | |
| BlackRock MuniHoldings New Jersey Quality Fund | 3.83% | — | Mar 1998 | SCMAX vs MUJ |
Lowest Volatility Alternatives to SCMAX
SCMAX has 2.63% 1-year volatility. There are 209 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.54% | — | Aug 2002 | SCMAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | SCMAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | SCMAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.63% | — | May 2016 | SCMAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.65% | — | May 2016 | SCMAX vs USMTX |
Lowest Drawdown Alternatives to SCMAX
SCMAX has a 1-year max drawdown of -2.55%. There are 163 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 | SCMAX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | SCMAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | SCMAX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | SCMAX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | SCMAX vs DFSMX |
Other Mutual Funds from DWS
The 10 most viewed DWS mutual funds shown here include AAAAX, KTCAX, SCDGX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets Fund - Class A | Diversified Portfolio | 74 | 10.46% | — | Jul 2007 | SCMAX vs AAAAX | |
| DWS Science and Technology Fund | Technology Equities | 27 | 14.14% | — | Sep 1948 | SCMAX vs KTCAX | |
| DWS Core Equity Fund | Large Cap Blend Equities | 58 | 11.02% | — | May 1929 | SCMAX vs SCDGX | |
| DWS RREEF Real Assets Fund | Global Allocation | 76 | 10.65% | — | Jul 2007 | SCMAX vs AAAZX | |
| DWS Emerging Markets Equity Fund | Emerging Markets Equities | 56 | 21.67% | — | May 1996 | SCMAX vs SEMGX | |
| DWS S&P 500 Index Fund | S&P 500 | 54 | 9.67% | — | Aug 1997 | SCMAX vs SCPIX | |
| DWS International Growth Fund | Foreign Large Cap Equities | 23 | 6.88% | — | Jul 1986 | SCMAX vs SCOBX | |
| DWS Capital Growth Fund | Large Cap Growth Equities | 6 | 1.46% | — | Jul 2000 | SCMAX vs SCGSX | |
| DWS Global High Income Fund | High Yield Bonds | 72 | 1.76% | — | Mar 1998 | SCMAX vs MGHYX | |
| DWS Equity 500 Index Fund | Large Cap Blend Equities | 57 | 9.95% | — | Dec 1992 | SCMAX vs BTIIX |
Often Compared With SCMAX
Investors most often compare SCMAX with AFB, SCINX, MPA. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AllianceBernstein National Municipal Income Fund | Municipal Bonds | 56 | 3.80% | — | Nov 2001 | SCMAX vs AFB | |
| DWS CROCI International Fund | Foreign Large Cap Equities | 87 | 15.08% | — | Jun 1953 | SCMAX vs SCINX | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 25 | 1.78% | — | Nov 1992 | SCMAX vs MPA | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.21% | — | Jun 2015 | SCMAX vs DNYMX | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 16 | 1.08% | — | Mar 1993 | SCMAX vs NPV | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 19 | 0.90% | — | Dec 2017 | SCMAX vs APUSX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 80 | 0.76% | — | Jun 2012 | SCMAX vs FXIEX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 95 | 0.82% | — | Dec 2017 | SCMAX vs FGNSX | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 43 | 3.62% | — | Feb 1998 | SCMAX vs MUC |
Compare SCMAX with Any Fund or Stock
Compare SCMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SCMAX with funds that move differently
DWS Massachusetts Tax Free Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SCMAX.
Explore SCMAX Diversifiers