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 9 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.11%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | WHYIX vs BATEX | |
| 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 | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | — | Aug 2008 | WHYIX vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | — | Jun 2015 | WHYIX vs SDHIX |
Best Risk-Adjusted Alternatives to WHYIX
WHYIX has a PortfoliosLab risk / return rank of 74. There are 12 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 91 | — | Feb 1985 | WHYIX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 88 | — | Sep 2015 | WHYIX vs ISHYX | |
| Federated Hermes Municipal High Yield Advtg Fd | 86 | — | Apr 1987 | WHYIX vs FHTFX | |
| Columbia High Yield Municipal Fund | 79 | — | Mar 1984 | WHYIX vs SRHMX | |
| American High-Income Municipal Bond Fund Class F-3 | 79 | — | Jan 2017 | WHYIX vs HIMFX |
Top Performing WHYIX Alternatives (YTD)
WHYIX is at 2.77% YTD. There are 13 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 3.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance High Yield Municipal Income Fund Class... | 3.35% | — | May 2007 | WHYIX vs EWHYX | |
| Nuveen Municipal High Income Opportunity Fund | 3.29% | — | Nov 2003 | WHYIX vs NMZ | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.20% | — | Jun 2016 | WHYIX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.18% | — | Jun 1999 | WHYIX vs NHMRX | |
| Nuveen High Yield Municipal Bond Fund Class A | 3.09% | — | Jun 1999 | WHYIX vs NHMAX |
Lowest Volatility Alternatives to WHYIX
WHYIX has 3.38% 1-year volatility. There are 20 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 1.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 1.97% | — | Mar 2017 | WHYIX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | WHYIX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.25% | — | Jan 2013 | WHYIX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.31% | — | Sep 2015 | WHYIX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.53% | — | Jun 2018 | WHYIX vs TMNIX |
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 -1.80%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.80% | — | 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 | |
| Counterpoint Tactical Municipal Fund | -2.26% | — | Jun 2018 | WHYIX vs TMNIX |
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 | 28 | 2.44% | — | Jan 1998 | WHYIX vs EKWAX | |
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 97 | 36.56% | — | Jan 1998 | WHYIX vs EKBAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 27 | 10.96% | — | — | WHYIX vs WFMIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 82 | 0.61% | — | Aug 1999 | WHYIX vs SSHIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 14 | 7.22% | — | Jan 1998 | WHYIX vs EKJAX | |
| Allspring Ultra Short-Term Income Fund | Ultrashort Bond | 98 | 1.49% | — | Aug 1999 | WHYIX vs SADIX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 14 | 9.42% | — | May 1993 | WHYIX vs ESPAX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 75 | 12.18% | — | Feb 1990 | WHYIX vs EVSAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 11 | 7.68% | — | Feb 2000 | WHYIX vs SENAX | |
| Allspring Opportunity Fund | Large Cap Growth Equities | 29 | 9.42% | — | Feb 2000 | WHYIX vs SOPVX |
Often Compared With WHYIX
Investors most often compare WHYIX with DHMBX, SCVAX, ETHYX. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BNY Mellon High Yield Municipal Bond Fund | High Yield Muni | 62 | 3.03% | — | Sep 2005 | WHYIX vs DHMBX | |
| Allspring Small Company Value Fund | Small Cap Value Equities | 45 | 16.22% | — | Jan 2002 | WHYIX vs SCVAX | |
| Eaton Vance High Yield Municipal Income Fund | High Yield Muni | 74 | 2.92% | — | Aug 1995 | WHYIX vs ETHYX | |
| Franklin Templeton SMACS: Series H | High Yield Muni | 75 | 2.99% | — | Jun 2019 | WHYIX vs FQTHX |
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