Allspring California Tax-Free Fund (SCTAX) 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 SCTAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SCTAX
SCTAX charges 0.75% annually. There are 339 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 | SCTAX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | SCTAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | SCTAX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | SCTAX vs FSMUX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.07% | — | Dec 2017 | SCTAX vs FGNSX |
Best Risk-Adjusted Alternatives to SCTAX
SCTAX has a PortfoliosLab risk / return rank of 67. There are 220 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 | SCTAX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | SCTAX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | SCTAX vs DFCMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | SCTAX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | SCTAX vs DFSMX |
Top Performing SCTAX Alternatives (YTD)
SCTAX is at 1.42% YTD. There are 214 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.27% | — | Apr 1998 | SCTAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 8.40% | — | Nov 2002 | SCTAX vs NRK | |
| Nuveen Virginia Quality Municipal Income Fund | 7.07% | — | Mar 1993 | SCTAX vs NPV | |
| AllianceBernstein National Municipal Income Fund | 6.29% | — | Nov 2001 | SCTAX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.83% | — | Oct 1992 | SCTAX vs MIY |
Lowest Volatility Alternatives to SCTAX
SCTAX has 2.79% 1-year volatility. There are 265 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 | SCTAX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | SCTAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | SCTAX vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | SCTAX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | SCTAX vs DFSMX |
Lowest Drawdown Alternatives to SCTAX
SCTAX has a 1-year max drawdown of -2.56%. There are 168 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 | SCTAX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | SCTAX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | SCTAX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | SCTAX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | SCTAX vs FHMIX |
Other Mutual Funds from Allspring Global Investments
The 10 most viewed Allspring Global Investments mutual funds shown here include EKWAX, EKBAX, WFMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Allspring Precious Metals Fund | Precious Metals | 33 | 1.63% | — | Jan 1998 | SCTAX vs EKWAX | |
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 96 | 32.52% | — | Jan 1998 | SCTAX vs EKBAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 22 | 9.96% | — | — | SCTAX vs WFMIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 83 | 0.61% | — | Aug 1999 | SCTAX vs SSHIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 14 | 6.69% | — | Jan 1998 | SCTAX vs EKJAX | |
| Allspring Ultra Short-Term Income Fund | Ultrashort Bond | 98 | 1.49% | — | Aug 1999 | SCTAX vs SADIX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 11 | 8.33% | — | May 1993 | SCTAX vs ESPAX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 75 | 11.87% | — | Feb 1990 | SCTAX vs EVSAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 12 | 7.33% | — | Feb 2000 | SCTAX vs SENAX | |
| Allspring Opportunity Fund | Large Cap Growth Equities | 26 | 8.67% | — | Feb 2000 | SCTAX vs SOPVX |
Often Compared With SCTAX
Investors most often compare SCTAX with FMBIX, MUJ, SCVAX. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Index Fund | Municipal Bonds | — | — | 0.00 | Jul 2019 | SCTAX vs FMBIX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 46 | 5.16% | — | Mar 1998 | SCTAX vs MUJ | |
| Allspring Small Company Value Fund | Small Cap Value Equities | 41 | 15.75% | — | Jan 2002 | SCTAX vs SCVAX | |
| Nuveen Pennsylvania Quality Municipal Income | Municipal Bonds | — | — | — | Feb 1991 | SCTAX vs NQP |
Compare SCTAX with Any Fund or Stock
Compare SCTAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SCTAX with funds that move differently
Allspring California Tax-Free Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SCTAX.
Explore SCTAX Diversifiers