Lord Abbett Short Duration High Income Municipal Bond Fund (SDHIX) 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 SDHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SDHIX
SDHIX charges 0.50% annually. There are 6 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% | 17.60B | Nov 2001 | SDHIX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | SDHIX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | SDHIX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | SDHIX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | SDHIX vs HIMFX |
Best Risk-Adjusted Alternatives to SDHIX
SDHIX has a PortfoliosLab risk / return rank of 79. There are 9 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 | SDHIX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 91 | — | Apr 1987 | SDHIX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 89 | — | Sep 2015 | SDHIX vs ISHYX | |
| Columbia High Yield Municipal Fund | 83 | — | Mar 1984 | SDHIX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 82 | — | May 2007 | SDHIX vs EWHYX |
Top Performing SDHIX Alternatives (YTD)
SDHIX is at 1.99% YTD. There are 45 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.38%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.38% | — | Nov 2003 | SDHIX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 3.60% | — | May 2007 | SDHIX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.41% | — | Jun 2016 | SDHIX vs NHMFX | |
| Columbia High Yield Municipal Fund | 3.38% | — | Mar 1984 | SDHIX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 3.32% | — | Jun 1999 | SDHIX vs NHMRX |
Lowest Volatility Alternatives to SDHIX
SDHIX has 2.06% 1-year volatility. There is 1 mutual fund in the High Yield Muni category with lower 1-year volatility, going as low as 2.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.02% | — | Mar 2017 | SDHIX vs RWMIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.24% | — | Jan 2013 | SDHIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.30% | — | Sep 2015 | SDHIX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.56% | — | Jun 2018 | SDHIX vs TMNIX | |
| Sierra Tactical Municipal Fund | 2.61% | — | Dec 2018 | SDHIX vs STMYX |
Lowest Drawdown Alternatives to SDHIX
SDHIX has a 1-year max drawdown of -2.08%. There are 3 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.80% | — | Jan 2013 | SDHIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | SDHIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | SDHIX vs AHYMX | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | SDHIX vs TMNIX | |
| Federated Hermes Municipal High Yield Advtg Fd | -2.46% | — | Apr 1987 | SDHIX vs FHTFX |
Other Mutual Funds from Lord Abbett
The 10 most viewed Lord Abbett mutual funds shown here include LLDYX, LALDX, LSYAX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | Total Bond Market | 68 | 0.52% | — | Oct 2004 | SDHIX vs LLDYX | |
| Lord Abbett Short Duration Income Fund | Short-Term Bond | 61 | 0.44% | — | Nov 1993 | SDHIX vs LALDX | |
| Lord Abbett Short Duration High Yield Fund | High Yield Bonds | 76 | 2.26% | — | May 2020 | SDHIX vs LSYAX | |
| Lord Abbett Affiliated Fund | Large Cap Value Equities | 77 | 12.03% | — | Jan 1950 | SDHIX vs LAFFX | |
| Lord Abbett Short Duration High Yield Fund | High Yield Bonds | 79 | 2.34% | — | Apr 2020 | SDHIX vs LSYIX | |
| Lord Abbett Bond Debenture Fund | Multisector Bonds | 44 | 1.21% | — | Mar 1971 | SDHIX vs LBNDX | |
| Lord Abbett High Yield Fund | High Yield Bonds | 60 | 1.38% | — | Dec 1998 | SDHIX vs LHYAX | |
| Lord Abbett Growth Leaders Fund | Large Cap Growth Equities | 16 | 9.73% | — | Jun 2011 | SDHIX vs LGLIX | |
| Lord Abbett Ultra Short Bond Fund | Ultrashort Bond | 98 | 1.34% | — | Oct 2016 | SDHIX vs LUBYX | |
| Lord Abbett Mid Cap Stock Fund | Mid Cap Value Equities | 66 | 13.54% | — | Jun 1983 | SDHIX vs LAVLX |
Often Compared With SDHIX
Investors most often compare SDHIX with FMHI, MUB, ABHYX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare SDHIX with Any Fund or Stock
Compare SDHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SDHIX with funds that move differently
Lord Abbett Short Duration High Income Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SDHIX.
Explore SDHIX Diversifiers