Vanguard Pennsylvania Long-Term Tax-Exempt Fund Admiral Shares (VPALX) 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 VPALX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to VPALX
VPALX charges 0.09% annually. There are 7 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 | VPALX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | VPALX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | VPALX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | VPALX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | VPALX vs FSMUX |
Best Risk-Adjusted Alternatives to VPALX
VPALX has a PortfoliosLab risk / return rank of 76. There are 143 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 | VPALX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | VPALX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | VPALX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | VPALX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | VPALX vs DFSMX |
Top Performing VPALX Alternatives (YTD)
VPALX is at 1.76% YTD. There are 182 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 12.91%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 12.91% | — | Apr 1998 | VPALX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.28% | — | Nov 2002 | VPALX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.81% | — | Nov 2001 | VPALX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.99% | — | Mar 1993 | VPALX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 5.87% | — | Oct 1992 | VPALX vs MIY |
Lowest Volatility Alternatives to VPALX
VPALX has 3.01% 1-year volatility. There are 345 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 | VPALX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | VPALX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | VPALX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | VPALX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | VPALX vs DFSMX |
Lowest Drawdown Alternatives to VPALX
VPALX has a 1-year max drawdown of -3.10%. There are 371 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 | VPALX vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | VPALX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | VPALX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | VPALX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | VPALX vs APUSX |
Other Mutual Funds from Vanguard
The 10 most viewed Vanguard mutual funds shown here include VTSAX, VFIAX, VTIAX and span 8 categories. AUM among these funds goes as high as $2T.
Often Compared With VPALX
Investors most often compare VPALX with VWIUX, VCRM, MUC. These 12 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare VPALX with Any Fund or Stock
Compare VPALX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair VPALX with funds that move differently
Vanguard Pennsylvania Long-Term Tax-Exempt Fund Admiral Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VPALX.
Explore VPALX Diversifiers