Columbia Income Opportunities Fund (AIOAX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AIOAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AIOAX
AIOAX charges 0.96% annually. There are 121 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | AIOAX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | 25.70B | Nov 2001 | AIOAX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | AIOAX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | Dec 1978 | AIOAX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | AIOAX vs CRDOX |
Best Risk-Adjusted Alternatives to AIOAX
AIOAX has a PortfoliosLab risk / return rank of 68. There are 125 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | AIOAX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | AIOAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | AIOAX vs RPHIX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | AIOAX vs FSHNX | |
| American Beacon SiM High Yield Opportunities Fund ... | 97 | — | Feb 2011 | AIOAX vs SHOYX |
Top Performing AIOAX Alternatives (YTD)
AIOAX is at 1.55% YTD. There are 108 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 7.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | AIOAX vs XILSX | |
| Fidelity Capital & Income Fund | 7.96% | — | Nov 1977 | AIOAX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.29% | — | Oct 2018 | AIOAX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.16% | — | Jul 1995 | AIOAX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.04% | — | Jan 1987 | AIOAX vs FAHYX |
Lowest Volatility Alternatives to AIOAX
AIOAX has 3.21% 1-year volatility. There are 87 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.88% | — | Mar 2019 | AIOAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | AIOAX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | AIOAX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | AIOAX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | AIOAX vs OSTIX |
Lowest Drawdown Alternatives to AIOAX
AIOAX has a 1-year max drawdown of -2.36%. There are 79 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | AIOAX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | AIOAX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | AIOAX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | AIOAX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | AIOAX vs SCFIX |
Other Mutual Funds from Columbia
The 10 most viewed Columbia mutual funds shown here include SLMCX, GSFTX, CDDYX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund | Technology Equities | 97 | 53.04% | — | Jun 1983 | AIOAX vs SLMCX | |
| Columbia Dividend Income Fund | Large Cap Value Equities | 64 | 7.09% | — | Mar 1998 | AIOAX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | Large Cap Value Equities, Dividend | 64 | 7.15% | — | Nov 2012 | AIOAX vs CDDYX | |
| Columbia Dividend Income Fund Class A | Large Cap Value Equities | 62 | 6.98% | — | Nov 2002 | AIOAX vs LBSAX | |
| Columbia Seligman Global Technology Fund | Technology Equities | 96 | 52.89% | — | May 1994 | AIOAX vs SHGTX | |
| Columbia Global Technology Growth Fund Class A | Technology Equities, Large Cap Growth Equities | 82 | 30.14% | — | Nov 2000 | AIOAX vs CTCAX | |
| Columbia Global Technology Growth Fund | Technology Equities | 83 | 30.27% | — | Nov 2000 | AIOAX vs CMTFX | |
| Columbia Contrarian Core Fund | Large Cap Blend Equities | 59 | 10.41% | — | Dec 1992 | AIOAX vs SMGIX | |
| Columbia Balanced Fund | Diversified Portfolio | 64 | 6.77% | — | Sep 1991 | AIOAX vs CBALX | |
| Columbia Overseas Value Fund | Foreign Large Cap Equities | 43 | 6.90% | — | Mar 2008 | AIOAX vs COSZX |
Often Compared With AIOAX
Investors most often compare AIOAX with FOCIX, PRFRX, PSHNX. These 4 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | High Yield Bonds | 34 | 6.37% | — | Dec 2009 | AIOAX vs FOCIX | |
| T. Rowe Price Floating Rate Fund | High Yield Bonds | 96 | 1.96% | — | Jul 2011 | AIOAX vs PRFRX | |
| Penn Capital Short Duration High Income Fund | High Yield Bonds | 96 | 1.63% | — | Jul 2017 | AIOAX vs PSHNX | |
| American Beacon SiM High Yld Opps Fund | High Yield Bonds | 97 | 2.13% | — | Feb 2011 | AIOAX vs SHYPX |
Compare AIOAX with Any Fund or Stock
Compare AIOAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AIOAX with funds that move differently
Columbia Income Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AIOAX.
Explore AIOAX Diversifiers