SMAAX Alternatives & Similar Mutual Funds

SEI Tax-Exempt Trust Massachusetts Municipal Bond Fund (SMAAX) 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 SMAAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to SMAAX

SMAAX charges 0.63% annually. There are 248 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	SMAAX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	SMAAX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	SMAAX vs FHMIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	SMAAX vs VTMFX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	SMAAX vs FSMUX

Best Risk-Adjusted Alternatives to SMAAX

SMAAX has a PortfoliosLab risk / return rank of 25. There are 468 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
ATOIX	abrdn Ultra Short Municipal Income Fund	100	—	Dec 2002	SMAAX vs ATOIX
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	SMAAX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	SMAAX vs DFABX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	SMAAX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	SMAAX vs TFCYX

Top Performing SMAAX Alternatives (YTD)

SMAAX is at -1.11% YTD. There are 473 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.94%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.94%	—	Apr 1998	SMAAX vs NMI
MIY	BlackRock MuniYield Michigan Quality Fund	7.21%	—	Oct 1992	SMAAX vs MIY
NRK	Nuveen New York AMT Free Quality Municipal Income	7.15%	—	Nov 2002	SMAAX vs NRK
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	4.40%	12.30B	Sep 1994	SMAAX vs VTMFX
AFB	AllianceBernstein National Municipal Income Fund	3.80%	—	Nov 2001	SMAAX vs AFB

Lowest Volatility Alternatives to SMAAX

SMAAX has 2.41% 1-year volatility. There are 155 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.54%	—	Aug 2002	SMAAX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	SMAAX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	SMAAX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.63%	—	May 2016	SMAAX vs USMSX
DNYMX	DFA NY Municipal Bond Portfolio	0.65%	—	Jun 2015	SMAAX vs DNYMX

Lowest Drawdown Alternatives to SMAAX

SMAAX has a 1-year max drawdown of -3.32%. There are 423 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
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	SMAAX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	SMAAX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	SMAAX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	SMAAX vs TFCYX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	-0.11%	—	Apr 2022	SMAAX vs DFABX

Other Mutual Funds from SEI

The 10 most viewed SEI mutual funds shown here include ENIAX, STDAX, SGYAX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ENIAX	SEI Institutional Investments Trust Opportunistic ...	Ultrashort Bond	100	2.27%	—	Dec 2006	SMAAX vs ENIAX
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	Diversified Portfolio	99	1.58%	—	Nov 2003	SMAAX vs STDAX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	54	1.08%	—	Dec 2005	SMAAX vs SGYAX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	Diversified Portfolio	85	3.12%	—	Nov 2003	SMAAX vs SICIX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	65	1.20%	—	Sep 2007	SMAAX vs SEATX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	51	8.58%	—	Jul 2010	SMAAX vs SDLAX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	61	9.32%	—	Dec 2013	SMAAX vs SPINX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Equities	67	17.49%	—	Jan 1995	SMAAX vs SIEMX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	58	10.15%	—	Apr 2015	SMAAX vs CAVAX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	79	14.29%	—	Dec 1989	SMAAX vs SEITX

Often Compared With SMAAX

Investors most often compare SMAAX with LDRAX, SPIIX, APUSX. These 11 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
LDRAX	SEI Institutional Investments Trust Long Duration ...	Long-Term Bond	5	-3.15%	—	Apr 2004	SMAAX vs LDRAX
SPIIX	SEI S&P 500 Index Fund Class I	Large Cap Blend Equities	53	8.88%	—	Jun 2002	SMAAX vs SPIIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	Municipal Bonds	23	0.90%	—	Dec 2017	SMAAX vs APUSX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	97	0.82%	—	Dec 2017	SMAAX vs FGNSX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	67	3.74%	—	Mar 1998	SMAAX vs MUJ
SBDAX	SEI Tax Exempt Trust California Municipal Bond Fun...	Municipal Bonds	36	-1.18%	—	Aug 1998	SMAAX vs SBDAX
USMTX	JPMorgan Ultra-Short Municipal Fund	Municipal Bonds	98	0.81%	—	May 2016	SMAAX vs USMTX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	90	0.97%	—	Jun 2012	SMAAX vs FXIEX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	65	-0.01%	—	Sep 1989	SMAAX vs SEIMX
NPV	Nuveen Virginia Quality Municipal Income Fund	Municipal Bonds	22	1.46%	—	Mar 1993	SMAAX vs NPV
MUC	BlackRock MuniHoldings California Quality Fund	Municipal Bonds	56	3.33%	—	Feb 1998	SMAAX vs MUC

Compare SMAAX with Any Fund or Stock

Compare SMAAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair SMAAX with funds that move differently

SEI Tax-Exempt Trust Massachusetts Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMAAX.

Explore SMAAX Diversifiers

SEI Tax-Exempt Trust Massachusetts Municipal Bond Fund (SMAAX) Alternatives