Allspring Strategic Municipal Bond Fund (VMPAX) 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 VMPAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to VMPAX
VMPAX charges 0.79% annually. There are 384 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 | VMPAX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | VMPAX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | VMPAX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | VMPAX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | VMPAX vs FSMUX |
Best Risk-Adjusted Alternatives to VMPAX
VMPAX has a PortfoliosLab risk / return rank of 74. There are 162 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 | VMPAX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | VMPAX vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | VMPAX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | VMPAX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | VMPAX vs DFSMX |
Top Performing VMPAX Alternatives (YTD)
VMPAX is at 1.31% YTD. There are 306 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | VMPAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.70% | — | Nov 2002 | VMPAX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.62% | — | Nov 2001 | VMPAX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 6.57% | — | Oct 1992 | VMPAX vs MIY | |
| Nuveen Virginia Quality Municipal Income Fund | 6.33% | — | Mar 1993 | VMPAX vs NPV |
Lowest Volatility Alternatives to VMPAX
VMPAX has 1.72% 1-year volatility. There are 70 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | VMPAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | VMPAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | VMPAX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | VMPAX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | VMPAX vs DFSMX |
Lowest Drawdown Alternatives to VMPAX
VMPAX has a 1-year max drawdown of -1.89%. There are 72 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 | VMPAX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | VMPAX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | VMPAX vs APUSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | VMPAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | VMPAX vs FHMIX |
Other Mutual Funds from Allspring Global Investments
The 10 most viewed Allspring Global Investments mutual funds shown here include EKWAX, EKBAX, WFMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Allspring Precious Metals Fund | Precious Metals | 21 | -4.43% | — | Jan 1998 | VMPAX vs EKWAX | |
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 95 | 38.34% | — | Jan 1998 | VMPAX vs EKBAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 26 | 10.92% | — | — | VMPAX vs WFMIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 79 | 0.61% | — | Aug 1999 | VMPAX vs SSHIX | |
| Allspring Ultra Short-Term Income Fund | Ultrashort Bond | 98 | 1.38% | — | Aug 1999 | VMPAX vs SADIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 13 | 6.79% | — | Jan 1998 | VMPAX vs EKJAX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 21 | 13.28% | — | May 1993 | VMPAX vs ESPAX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 70 | 10.52% | — | Feb 1990 | VMPAX vs EVSAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 13 | 9.16% | — | Feb 2000 | VMPAX vs SENAX | |
| Allspring Small Company Value Fund | Small Cap Value Equities | 51 | 18.70% | — | Jan 2002 | VMPAX vs SCVAX |
Often Compared With VMPAX
Investors most often compare VMPAX with FGNSX, MUJ, SOPVX. These 3 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | VMPAX vs FGNSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 51 | 5.45% | — | Mar 1998 | VMPAX vs MUJ | |
| Allspring Opportunity Fund | Large Cap Growth Equities | 21 | 7.77% | — | Feb 2000 | VMPAX vs SOPVX |
Compare VMPAX with Any Fund or Stock
Compare VMPAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair VMPAX with funds that move differently
Allspring Strategic Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VMPAX.
Explore VMPAX Diversifiers