DWS Strategic High Yield Tax (SHYTX) 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 SHYTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SHYTX
SHYTX charges 0.59% annually. There are 17 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 | SHYTX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | SHYTX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.80B | Dec 1978 | SHYTX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | SHYTX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | SHYTX vs HIMFX |
Best Risk-Adjusted Alternatives to SHYTX
SHYTX has a PortfoliosLab risk / return rank of 71. There are 28 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 | SHYTX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 93 | — | Apr 1987 | SHYTX vs FHTFX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 88 | — | Jan 2013 | SHYTX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 87 | — | Sep 2015 | SHYTX vs ISHYX | |
| Columbia High Yield Municipal Fund | 87 | — | Mar 1984 | SHYTX vs SRHMX |
Top Performing SHYTX Alternatives (YTD)
SHYTX is at 1.21% YTD. There are 32 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 | SHYTX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 2.27% | — | May 2007 | SHYTX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 2.16% | — | Jun 2016 | SHYTX vs NHMFX | |
| Columbia High Yield Municipal Fund | 2.11% | — | Mar 1984 | SHYTX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund | 2.06% | — | Jun 1999 | SHYTX vs NHMRX |
Lowest Volatility Alternatives to SHYTX
SHYTX has 3.44% 1-year volatility. There are 33 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 | SHYTX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.11% | — | Jan 2013 | SHYTX vs NVHIX | |
| Redwood Managed Municipal Income Fund | 2.28% | — | Mar 2017 | SHYTX vs RWMIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | SHYTX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | 2.54% | — | May 2013 | SHYTX vs AHYMX |
Lowest Drawdown Alternatives to SHYTX
SHYTX has a 1-year max drawdown of -3.10%. There are 36 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 | SHYTX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | SHYTX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | SHYTX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | SHYTX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | SHYTX vs SDHIX |
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 | 70 | 10.13% | — | Jul 2007 | SHYTX vs AAAAX | |
| DWS Science and Technology Fund | Technology Equities | 34 | 16.38% | — | Sep 1948 | SHYTX vs KTCAX | |
| DWS Core Equity Fund | Large Cap Blend Equities | 74 | 12.78% | — | May 1929 | SHYTX vs SCDGX | |
| DWS RREEF Real Assets Fund | Global Allocation | 71 | 10.32% | — | Jul 2007 | SHYTX vs AAAZX | |
| DWS Emerging Markets Equity Fund | Emerging Markets Equities | 60 | 22.11% | — | May 1996 | SHYTX vs SEMGX | |
| DWS S&P 500 Index Fund | S&P 500 | 70 | 11.30% | — | Aug 1997 | SHYTX vs SCPIX | |
| DWS International Growth Fund | Foreign Large Cap Equities | 25 | 7.28% | — | Jul 1986 | SHYTX vs SCOBX | |
| DWS Capital Growth Fund | Large Cap Growth Equities | 9 | 3.93% | — | Jul 2000 | SHYTX vs SCGSX | |
| DWS Global High Income Fund | High Yield Bonds | 78 | 1.92% | — | Mar 1998 | SHYTX vs MGHYX | |
| DWS Equity 500 Index Fund | Large Cap Blend Equities | 72 | 11.59% | — | Dec 1992 | SHYTX vs BTIIX |
Often Compared With SHYTX
Investors most often compare SHYTX with BIAEX, DHMBX, AMHIX. These 17 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare SHYTX with Any Fund or Stock
Compare SHYTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SHYTX with funds that move differently
DWS Strategic High Yield Tax alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHYTX.
Explore SHYTX Diversifiers