MPSTX vs. TFCYX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon National Short Term Municipal Bond Fund (MPSTX) and SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX).

MPSTX is managed by BNY Mellon. It was launched on Oct 1, 2000. TFCYX is managed by BlackRock. It was launched on Apr 21, 2016.

Performance

MPSTX vs. TFCYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon National Short Term Municipal Bond Fund (MPSTX) and SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX). The values are adjusted to include any dividend payments, if applicable.

MPSTX vs. TFCYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPSTX BNY Mellon National Short Term Municipal Bond Fund	100.63%	4.68%	2.87%	3.22%	-2.83%	0.06%	1.94%	3.05%	1.25%	1.23%
TFCYX SEI Institutional Managed Trust Tax-Free Conservative Income Fund	0.32%	2.71%	3.24%	2.77%	0.72%	0.10%	0.46%	1.40%	1.25%	0.69%

Returns By Period

MPSTX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFCYX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.32%
• 6M: 0.99%
• 1Y: 2.34%
• 3Y*: 2.75%
• 5Y*: 1.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MPSTX vs. TFCYX - Expense Ratio Comparison

MPSTX has a 0.44% expense ratio, which is higher than TFCYX's 0.13% expense ratio.

MPSTX

BNY Mellon National Short Term Municipal Bond Fund

TFCYX

SEI Institutional Managed Trust Tax-Free Conservative Income Fund

Return for Risk

MPSTX vs. TFCYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TFCYX

TFCYX Risk / Return Rank: 99
TFCYX Sharpe Ratio Rank: 99
TFCYX Sortino Ratio Rank: 99
TFCYX Omega Ratio Rank: 100
TFCYX Calmar Ratio Rank: 100
TFCYX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MPSTX vs. TFCYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon National Short Term Municipal Bond Fund (MPSTX) and SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MPSTX	TFCYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.20	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.61	—

Correlation

The correlation between MPSTX and TFCYX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MPSTX vs. TFCYX - Dividend Comparison

MPSTX's dividend yield for the trailing twelve months is around 1.13%, less than TFCYX's 2.31% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPSTX BNY Mellon National Short Term Municipal Bond Fund	1.13%	3.53%	2.43%	1.39%	1.02%	0.91%	1.22%	1.67%	1.24%	0.99%	0.91%	0.92%
TFCYX SEI Institutional Managed Trust Tax-Free Conservative Income Fund	2.31%	2.68%	3.19%	2.63%	0.72%	0.00%	0.46%	1.39%	1.24%	0.68%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	MPSTX	TFCYX	Difference
Max Drawdown Largest peak-to-trough decline	—	-1.10%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-1.10%	—
Current Drawdown Current decline from peak	—	-0.10%	—
Average Drawdown Average peak-to-trough decline	—	-0.02%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	MPSTX	TFCYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.82%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.92%	—