Invesco Municipal Income Fund (VKMMX) 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 VKMMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to VKMMX
VKMMX charges 0.81% annually. There are 398 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 | VKMMX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | VKMMX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | VKMMX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | VKMMX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | VKMMX vs FSMUX |
Best Risk-Adjusted Alternatives to VKMMX
VKMMX has a PortfoliosLab risk / return rank of 76. There are 250 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 Selective State Municipal Bond Port... | 100 | — | Apr 2022 | VKMMX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | VKMMX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | VKMMX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | VKMMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | VKMMX vs TFCYX |
Top Performing VKMMX Alternatives (YTD)
VKMMX is at 2.83% YTD. There are 32 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.37% | — | Apr 1998 | VKMMX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.00% | — | Nov 2002 | VKMMX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 7.79% | — | Oct 1992 | VKMMX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.86% | — | Nov 2001 | VKMMX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.82% | — | Feb 1998 | VKMMX vs MUC |
Lowest Volatility Alternatives to VKMMX
VKMMX has 3.48% 1-year volatility. There are 431 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | VKMMX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | VKMMX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | VKMMX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | VKMMX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | VKMMX vs USMSX |
Lowest Drawdown Alternatives to VKMMX
VKMMX has a 1-year max drawdown of -2.95%. There are 308 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 | VKMMX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | VKMMX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | VKMMX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | VKMMX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | VKMMX vs DFSMX |
Other Mutual Funds from Invesco
The 10 most viewed Invesco mutual funds shown here include IVNQX, VADAX, VAFAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | Large Cap Growth Equities | 57 | 17.94% | — | Oct 2020 | VKMMX vs IVNQX | |
| Invesco Equally-Weighted S&P 500 Fund Class A | Large Cap Blend Equities | 46 | 12.21% | — | — | VKMMX vs VADAX | |
| Invesco American Franchise Fund Class A | Large Cap Growth Equities | 12 | 8.06% | — | Jun 2005 | VKMMX vs VAFAX | |
| Invesco Gold & Special Minerals Fund | Gold, Precious Metals | 25 | -10.19% | — | Jul 1983 | VKMMX vs OPGSX | |
| Invesco Value Opportunities Fund | Mid Cap Value Equities | 81 | 20.08% | — | Jun 2001 | VKMMX vs VVOAX | |
| Invesco Comstock Fund | Large Cap Value Equities | 68 | 11.85% | — | Oct 1968 | VKMMX vs ACSTX | |
| Invesco Main Street Fund | Large Cap Blend Equities | 34 | 7.24% | — | Feb 1988 | VKMMX vs MSIGX | |
| Invesco Small Cap Value Fund | Small Cap Value Equities | 82 | 27.97% | — | Jun 1999 | VKMMX vs VSCAX | |
| Invesco Equity and Income Fund | Diversified Portfolio | 66 | 7.21% | — | Aug 1960 | VKMMX vs ACEIX | |
| Invesco Global Fund | Global Equities | 18 | 7.93% | — | Dec 1969 | VKMMX vs OPPAX |
Often Compared With VKMMX
Investors most often compare VKMMX with AFTEX, GSMIX, ACTHX. These 18 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare VKMMX with Any Fund or Stock
Compare VKMMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair VKMMX with funds that move differently
Invesco Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VKMMX.
Explore VKMMX Diversifiers