Allspring High Yield Municipal Bond Fund (WHYIX) 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 WHYIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WHYIX
WHYIX charges 0.55% annually. There are 11 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% | 17.80B | Nov 2001 | WHYIX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | WHYIX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.80B | Dec 1978 | WHYIX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | WHYIX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | — | Jan 2017 | WHYIX vs HIMFX |
Best Risk-Adjusted Alternatives to WHYIX
WHYIX has a PortfoliosLab risk / return rank of 92. There are 2 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 95 | — | Feb 1985 | WHYIX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 94 | — | Apr 1987 | WHYIX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 91 | — | Sep 2015 | WHYIX vs ISHYX | |
| Columbia High Yield Municipal Fund | 91 | — | Mar 1984 | WHYIX vs SRHMX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 91 | — | May 2007 | WHYIX vs EWHYX |
Top Performing WHYIX Alternatives (YTD)
WHYIX is at 2.06% YTD. There are 5 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 4.40% | — | Nov 2003 | WHYIX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 2.40% | — | May 2007 | WHYIX vs EWHYX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 2.16% | — | Jun 2016 | WHYIX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 2.14% | — | Jun 1999 | WHYIX vs NHMRX | |
| Columbia High Yield Municipal Fund | 2.11% | — | Mar 1984 | WHYIX vs SRHMX |
Lowest Volatility Alternatives to WHYIX
WHYIX has 3.27% 1-year volatility. There are 17 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.13%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Lord Abbett Short Duration High Income Municipal B... | 2.13% | — | Jun 2015 | WHYIX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.18% | — | Jan 2013 | WHYIX vs NVHIX | |
| Redwood Managed Municipal Income Fund | 2.28% | — | Mar 2017 | WHYIX vs RWMIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.36% | — | Sep 2015 | WHYIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | 2.62% | — | May 2013 | WHYIX vs AHYMX |
Lowest Drawdown Alternatives to WHYIX
WHYIX has a 1-year max drawdown of -2.64%. There are 8 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Eagle Short Duration High Yield Municipal Fu... | -1.71% | — | Feb 2024 | WHYIX vs FDUAX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | WHYIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | WHYIX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | WHYIX vs AHYMX | |
| Lord Abbett Short Duration High Income Municipal B... | -2.08% | — | Jun 2015 | WHYIX vs SDHIX |
Other Mutual Funds from Allspring
The 10 most viewed Allspring mutual funds shown here include EKBAX, EKWAX, WFMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 88 | 29.72% | — | Jan 1998 | WHYIX vs EKBAX | |
| Allspring Precious Metals Fund | Precious Metals | 27 | -12.00% | — | Jan 1998 | WHYIX vs EKWAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 36 | 13.25% | — | — | WHYIX vs WFMIX | |
| Allspring Ultra Short-Term Income Fund | Ultrashort Bond | 99 | 1.74% | — | Aug 1999 | WHYIX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 77 | 0.51% | — | Aug 1999 | WHYIX vs SSHIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 5 | -0.21% | — | Jan 1998 | WHYIX vs EKJAX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 26 | 13.80% | — | May 1993 | WHYIX vs ESPAX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 63 | 10.56% | — | Feb 1990 | WHYIX vs EVSAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 7 | 4.92% | — | Feb 2000 | WHYIX vs SENAX | |
| Allspring Asset Allocation Fund | Diversified Portfolio | 55 | 7.55% | — | Jul 1996 | WHYIX vs EAAFX |
Often Compared With WHYIX
Investors most often compare WHYIX with TMNIX, DHMBX, FQTHX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare WHYIX with Any Fund or Stock
Compare WHYIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WHYIX with funds that move differently
Allspring High Yield Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WHYIX.
Explore WHYIX Diversifiers