Western Asset Managed Municipals Fund Class 1 (SMMOX) 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 SMMOX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SMMOX
SMMOX charges 0.60% annually. There are 228 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 | SMMOX vs LSMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | SMMOX vs FHMIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | SMMOX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | SMMOX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | SMMOX vs FSMUX |
Best Risk-Adjusted Alternatives to SMMOX
SMMOX has a PortfoliosLab risk / return rank of 90. There are 53 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 Municipal Bond Portfolio | 100 | — | Aug 2002 | SMMOX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | SMMOX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | SMMOX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | SMMOX vs FHMIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | SMMOX vs DNYMX |
Top Performing SMMOX Alternatives (YTD)
SMMOX is at 1.89% YTD. There are 111 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.24% | — | Apr 1998 | SMMOX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.95% | — | Nov 2002 | SMMOX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.09% | — | Oct 1992 | SMMOX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 7.05% | — | Nov 2001 | SMMOX vs AFB | |
| BlackRock MuniHoldings New Jersey Quality Fund | 6.08% | — | Mar 1998 | SMMOX vs MUJ |
Lowest Volatility Alternatives to SMMOX
SMMOX has 2.84% 1-year volatility. There are 287 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.54% | — | Aug 2002 | SMMOX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | SMMOX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | SMMOX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.58% | — | Apr 2007 | SMMOX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | SMMOX vs USMTX |
Lowest Drawdown Alternatives to SMMOX
SMMOX has a 1-year max drawdown of -2.72%. There are 207 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 | SMMOX vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | SMMOX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | SMMOX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | SMMOX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | SMMOX vs DFABX |
Compare SMMOX with Any Fund or Stock
Compare SMMOX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SMMOX with funds that move differently
Western Asset Managed Municipals Fund Class 1 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMMOX.
Explore SMMOX Diversifiers