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 | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | SCMAX vs VTMFX | |
| 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 | |
| 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 74. There are 170 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 Selective State Municipal Bond Port... | 100 | — | Apr 2022 | SCMAX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | SCMAX vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | SCMAX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | SCMAX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | SCMAX vs DFSMX |
Top Performing SCMAX Alternatives (YTD)
SCMAX is at 1.69% YTD. There are 216 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | SCMAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.70% | — | Nov 2002 | SCMAX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.62% | — | Nov 2001 | SCMAX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 6.57% | — | Oct 1992 | SCMAX vs MIY | |
| Nuveen Virginia Quality Municipal Income Fund | 6.33% | — | Mar 1993 | SCMAX vs NPV |
Lowest Volatility Alternatives to SCMAX
SCMAX has 2.49% 1-year volatility. There are 199 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | SCMAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | SCMAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | SCMAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | SCMAX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | SCMAX vs DFSMX |
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 | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | SCMAX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | SCMAX vs APUSX | |
| 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 |
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 | 36 | 8.59% | — | Jul 2007 | SCMAX vs AAAAX | |
| DWS Science and Technology Fund | Technology Equities | 60 | 25.26% | — | Sep 1948 | SCMAX vs KTCAX | |
| DWS Core Equity Fund | Large Cap Blend Equities | 58 | 9.23% | — | May 1929 | SCMAX vs SCDGX | |
| DWS RREEF Real Assets Fund | Global Allocation | 37 | 8.70% | — | Jul 2007 | SCMAX vs AAAZX | |
| DWS Emerging Markets Equity Fund | Emerging Markets Diversified | 86 | 37.85% | — | May 1996 | SCMAX vs SEMGX | |
| DWS International Growth Fund | Foreign Large Cap Equities | 18 | 8.51% | — | Jul 1986 | SCMAX vs SCOBX | |
| DWS Capital Growth Fund | Large Cap Growth Equities | 10 | 2.90% | — | Jul 2000 | SCMAX vs SCGSX | |
| DWS S&P 500 Index Fund | S&P 500 | 64 | 9.65% | — | Aug 1997 | SCMAX vs SCPIX | |
| DWS Global High Income Fund | High Yield Bonds | 75 | 1.59% | — | Mar 1998 | SCMAX vs MGHYX | |
| DWS Equity 500 Index Fund | Large Cap Blend Equities | 65 | 9.70% | — | Dec 1992 | SCMAX vs BTIIX |
Often Compared With SCMAX
Investors most often compare SCMAX with SCINX, MPA, FXIEX. These 5 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DWS CROCI International Fund | Foreign Large Cap Equities | 66 | 8.76% | — | Jun 1953 | SCMAX vs SCINX | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 29 | 4.22% | — | Nov 1992 | SCMAX vs MPA | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 78 | 1.81% | — | Jun 2012 | SCMAX vs FXIEX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 51 | 5.45% | — | Mar 1998 | SCMAX vs MUJ | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | SCMAX vs FGNSX |
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