Vanguard Massachusetts Tax-Exempt Fund (VMATX) Alternatives

Vanguard Massachusetts Tax-Exempt Fund (VMATX) 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 VMATX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to VMATX

VMATX charges 0.13% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among VMATX alternatives.

Symbol	Name	Expense Ratio	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	Dec 22, 2015	VMATX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	May 30, 2007	VMATX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	Feb 2, 2021	VMATX vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	Jun 24, 2021	VMATX vs FSMUX
FMBIX	Fidelity Municipal Bond Index Fund	0.07%	Jul 11, 2019	VMATX vs FMBIX

Best Risk-Adjusted Alternatives to VMATX

Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ATOIX	abrdn Ultra Short Municipal Income Fund	100	Dec 4, 2002	VMATX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	Apr 21, 2016	VMATX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	99	Dec 25, 2017	VMATX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	Feb 2, 2021	VMATX vs FHMIX
USMTX	JPMorgan Ultra-Short Municipal Fund	99	May 30, 2016	VMATX vs USMTX

Top Performing VMATX Alternatives (YTD)

VMATX alternatives from the Municipal Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
NMI	Nuveen Municipal Income Fund, Inc.	6.43%	Apr 20, 1998	VMATX vs NMI
NPV	Nuveen Virginia Quality Municipal Income Fund	4.12%	Mar 18, 1993	VMATX vs NPV
NRK	Nuveen New York AMT Free Quality Municipal Income	3.25%	Nov 21, 2002	VMATX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	2.55%	Oct 30, 1992	VMATX vs MIY
NQP	Nuveen Pennsylvania Quality Municipal Income	2.31%	Feb 21, 1991	VMATX vs NQP

Lowest Volatility Alternatives to VMATX

VMATX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.68%	Aug 19, 2002	VMATX vs DFSMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.69%	May 31, 2016	VMATX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.70%	May 30, 2016	VMATX vs USMTX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.71%	Apr 11, 2022	VMATX vs DFABX
BATVX	BlackRock Allocation Target Shares	0.76%	May 20, 2021	VMATX vs BATVX

Lowest Drawdown Alternatives to VMATX

VMATX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	May 20, 2021	VMATX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	Dec 4, 2002	VMATX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	Apr 21, 2016	VMATX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.20%	Dec 25, 2017	VMATX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.20%	Feb 2, 2021	VMATX vs FHMIX

Other Mutual Funds from Vanguard

Most popular Vanguard mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
VTSAX	Vanguard Total Stock Market Index Fund Admiral Sha...	Large Cap Blend Equities	46	-6.75%	Nov 13, 2000	VMATX vs VTSAX
VFIAX	Vanguard 500 Index Fund Admiral Shares	Large Cap Blend Equities	46	-7.06%	Nov 13, 2000	VMATX vs VFIAX
VTIAX	Vanguard Total International Stock Index Fund Admi...	Large Cap Blend Equities, Foreign Large Cap Equities	80	-1.02%	Nov 29, 2010	VMATX vs VTIAX
VIGAX	Vanguard Growth Index Fund Admiral Shares	Large Cap Growth Equities	26	-13.83%	Nov 13, 2000	VMATX vs VIGAX
VWELX	Vanguard Wellington Fund Investor Shares	Diversified Portfolio	66	-5.26%	Jul 1, 1929	VMATX vs VWELX
VBTLX	Vanguard Total Bond Market Index Fund Admiral Shar...	Total Bond Market	56	-0.49%	Nov 12, 2001	VMATX vs VBTLX
VDIGX	Vanguard Dividend Growth Fund	Large Cap Blend Equities, Dividend	10	-6.99%	May 15, 1992	VMATX vs VDIGX
VIGIX	Vanguard Growth Index Fund Institutional Shares	Large Cap Growth Equities	26	-13.83%	May 14, 1998	VMATX vs VIGIX
VITAX	Vanguard Information Technology Index Fund Admiral...	Technology Equities	47	-11.14%	Mar 25, 2004	VMATX vs VITAX
VBIAX	Vanguard Balanced Index Fund Admiral Shares	Diversified Portfolio	59	-4.19%	Nov 13, 2000	VMATX vs VBIAX

Often Compared With VMATX

What investors most often compare with VMATX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
FDMMX	Fidelity Massachusetts Municipal Income Fund	Municipal Bonds	61	-0.72%	Nov 10, 1983	VMATX vs FDMMX
VTEB	Vanguard Tax-Exempt Bond ETF	Municipal Bonds	54	-0.23%	Aug 21, 2015	VMATX vs VTEB
VWLTX	Vanguard Long-Term Tax-Exempt Fund Investor Shares	Municipal Bonds	45	-0.78%	Sep 1, 1977	VMATX vs VWLTX
VMLUX	Vanguard Limited-Term Tax-Exempt Fund Admiral Shar...	Municipal Bonds	92	-0.12%	Feb 12, 2001	VMATX vs VMLUX
VWSUX	Vanguard Short-Term Tax-Exempt Fund Admiral Shares	Municipal Bonds	98	0.24%	Feb 12, 2001	VMATX vs VWSUX
ORNAX	Invesco Rochester Municipal Opportunities Fund	High Yield Muni	9	-1.52%	Sep 30, 1993	VMATX vs ORNAX
BND	Vanguard Total Bond Market ETF	Total Bond Market	59	0.05%	Apr 3, 2007	VMATX vs BND
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	VMATX vs SPY
VTABX	Vanguard Total International Bond Index Fund Admir...	Total Bond Market	33	-0.81%	May 31, 2013	VMATX vs VTABX
NEAR	iShares Short Duration Bond Active ETF	Short-Term Bond	96	0.16%	Sep 25, 2013	VMATX vs NEAR
BBMUX	Bridge Builder Municipal Bond Fund	Municipal Bonds	58	-0.92%	Sep 13, 2015	VMATX vs BBMUX
MFSSX	MFS Massachusetts Municipal Bond Fund	Municipal Bonds	34	-0.66%	Apr 8, 1985	VMATX vs MFSSX
VSDM	Vanguard Short Duration Tax-Exempt Bond ETF	Municipal Bonds	90	0.30%	Nov 21, 2024	VMATX vs VSDM
TRLVX	SEI Institutional Managed Trust Core Fixed Income ...	Intermediate Core Bond	43	-0.66%	May 4, 1987	VMATX vs TRLVX
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	Municipal Bonds	43	-0.64%	Nov 12, 2001	VMATX vs VWALX
SCMB	Schwab Municipal Bond ETF	Municipal Bonds	49	-0.51%	Oct 11, 2022	VMATX vs SCMB
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	VMATX vs VOO
SWAGX	Schwab U.S. Aggregate Bond Index Fund	Total Bond Market	55	-0.44%	—	VMATX vs SWAGX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	Municipal Bonds	43	-0.65%	Dec 27, 1978	VMATX vs VWAHX
IEF	iShares 7-10 Year Treasury Bond ETF	Government Bonds	43	-0.14%	Jul 26, 2002	VMATX vs IEF

Compare VMATX with Any Fund or Stock

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

Symbol name

Vanguard Massachusetts Tax-Exempt Fund

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