Columbia High Yield Municipal Fund (SRHMX) 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 SRHMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SRHMX
SRHMX charges 0.65% annually. There are 25 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 | SRHMX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | SRHMX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | SRHMX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | SRHMX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | SRHMX vs HIMFX |
Best Risk-Adjusted Alternatives to SRHMX
SRHMX has a PortfoliosLab risk / return rank of 93. There are 3 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 96 | — | Feb 1985 | SRHMX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 95 | — | Apr 1987 | SRHMX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 94 | — | Sep 2015 | SRHMX vs ISHYX | |
| Allspring High Yield Municipal Bond Fund | 93 | — | Jan 2013 | SRHMX vs WHYIX | |
| Thrivent High Income Municipal Bond Fund | 92 | — | Feb 2018 | SRHMX vs THMBX |
Top Performing SRHMX Alternatives (YTD)
SRHMX is at 3.92% YTD. There are 2 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.99% | — | Nov 2003 | SRHMX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 4.05% | — | May 2007 | SRHMX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.90% | — | Jun 2016 | SRHMX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.88% | — | Jun 1999 | SRHMX vs NHMRX | |
| BlackRock Allocation Target Shares Series E Portfo... | 3.87% | — | Aug 2014 | SRHMX vs BATEX |
Lowest Volatility Alternatives to SRHMX
SRHMX has 3.48% 1-year volatility. There are 31 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | SRHMX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | SRHMX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.26% | — | Jan 2013 | SRHMX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | SRHMX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | SRHMX vs TMNIX |
Lowest Drawdown Alternatives to SRHMX
SRHMX has a 1-year max drawdown of -2.72%. There are 12 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.79%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | SRHMX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | SRHMX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | SRHMX vs AHYMX | |
| First Eagle Short Duration High Yield Municipal Fu... | -1.99% | — | Feb 2024 | SRHMX vs FDUAX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | SRHMX vs SDHIX |
Other Mutual Funds from Columbia
The 10 most viewed Columbia mutual funds shown here include SLMCX, GSFTX, CDDYX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund | Technology Equities | 95 | 52.83% | — | Jun 1983 | SRHMX vs SLMCX | |
| Columbia Dividend Income Fund | Large Cap Value Equities | 85 | 11.61% | — | Mar 1998 | SRHMX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | Large Cap Value Equities, Dividend | 86 | 11.70% | — | Nov 2012 | SRHMX vs CDDYX | |
| Columbia Dividend Income Fund Class A | Large Cap Value Equities | 85 | 11.48% | — | Nov 2002 | SRHMX vs LBSAX | |
| Columbia Seligman Global Technology Fund | Technology Equities | 94 | 51.82% | — | May 1994 | SRHMX vs SHGTX | |
| Columbia Global Technology Growth Fund Class A | Technology Equities, Large Cap Growth Equities | 62 | 26.44% | — | Nov 2000 | SRHMX vs CTCAX | |
| Columbia Global Technology Growth Fund | Technology Equities | 63 | 26.61% | — | Nov 2000 | SRHMX vs CMTFX | |
| Columbia Contrarian Core Fund | Large Cap Blend Equities | 46 | 10.38% | — | Dec 1992 | SRHMX vs SMGIX | |
| Columbia Balanced Fund | Diversified Portfolio | 51 | 6.67% | — | Sep 1991 | SRHMX vs CBALX | |
| Columbia Overseas Value Fund | Foreign Large Cap Equities | 42 | 6.61% | — | Mar 2008 | SRHMX vs COSZX |
Often Compared With SRHMX
Investors most often compare SRHMX with NMHIX, PEIYX, OEGYX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare SRHMX with Any Fund or Stock
Compare SRHMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SRHMX with funds that move differently
Columbia High Yield Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SRHMX.
Explore SRHMX Diversifiers