Western Asset Municipal High Income Fund (STXAX) 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 STXAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to STXAX
STXAX charges 0.83% annually. There are 35 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 | STXAX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | STXAX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | STXAX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | STXAX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | STXAX vs HIMFX |
Best Risk-Adjusted Alternatives to STXAX
STXAX has a PortfoliosLab risk / return rank of 78. There are 34 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 | STXAX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 95 | — | Apr 1987 | STXAX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 94 | — | Sep 2015 | STXAX vs ISHYX | |
| Columbia High Yield Municipal Fund | 93 | — | Mar 1984 | STXAX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 93 | — | Jan 2013 | STXAX vs WHYIX |
Top Performing STXAX Alternatives (YTD)
STXAX is at 2.39% YTD. There are 43 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 | STXAX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 4.05% | — | May 2007 | STXAX vs EWHYX | |
| Columbia High Yield Municipal Fund | 3.92% | — | Mar 1984 | STXAX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.90% | — | Jun 2016 | STXAX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.88% | — | Jun 1999 | STXAX vs NHMRX |
Lowest Volatility Alternatives to STXAX
STXAX has 3.34% 1-year volatility. There are 24 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 | |
|---|---|---|---|---|---|
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | STXAX vs SDHIX | |
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | STXAX vs RWMIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.26% | — | Jan 2013 | STXAX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | STXAX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | STXAX vs TMNIX |
Lowest Drawdown Alternatives to STXAX
STXAX has a 1-year max drawdown of -3.07%. There are 33 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 | STXAX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | STXAX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | STXAX vs AHYMX | |
| First Eagle Short Duration High Yield Municipal Fu... | -1.99% | — | Feb 2024 | STXAX vs FDUAX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | STXAX vs SDHIX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 17 | 9.66% | — | Jan 1968 | STXAX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 34 | -8.99% | — | May 1969 | STXAX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 80 | 5.21% | — | — | STXAX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 23 | 6.65% | — | Apr 1948 | STXAX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 34 | 20.75% | — | Jun 2011 | STXAX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 28 | 6.78% | — | Jan 1987 | STXAX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 8 | 4.70% | — | Aug 1997 | STXAX vs SBLGX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 86 | 5.36% | — | Aug 1997 | STXAX vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 3.59% | — | Oct 1983 | STXAX vs SHRAX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 43 | 15.10% | — | Oct 1990 | STXAX vs TFEQX |
Often Compared With STXAX
Investors most often compare STXAX with FMFMX, AHMFX, STMYX. These 14 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare STXAX with Any Fund or Stock
Compare STXAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair STXAX with funds that move differently
Western Asset Municipal High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to STXAX.
Explore STXAX Diversifiers