AXSIX Alternatives & Similar Mutual Funds

Axonic Strategic Income Fund (AXSIX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AXSIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to AXSIX

AXSIX charges 1.00% annually. There are 60 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.

Symbol	Name	Expense Ratio	AUM	Inception
DBSCX	Doubleline Selective Credit Fund	0.05%	—	Aug 2014	AXSIX vs DBSCX
VMSAX	Vanguard Multi-Sector Income Bond Fund Admiral Sha...	0.30%	—	Oct 2021	AXSIX vs VMSAX
JMSIX	JPMorgan Income Fund	0.40%	—	Jun 2014	AXSIX vs JMSIX
BWDTX	Boyd Watterson Limited Duration Enhanced Income Fu...	0.40%	—	Jul 2016	AXSIX vs BWDTX
MOFIX	Mercer Opportunistic Fixed Income Fund	0.44%	—	Aug 2013	AXSIX vs MOFIX

Best Risk-Adjusted Alternatives to AXSIX

AXSIX has a PortfoliosLab risk / return rank of 88. There are 12 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
NWXHX	Nationwide Amundi Strategic Income Fund	99	—	Nov 2015	AXSIX vs NWXHX
NWXEX	Nationwide Strategic Income A	99	—	Nov 2015	AXSIX vs NWXEX
BWDTX	Boyd Watterson Limited Duration Enhanced Income Fu...	98	—	Jul 2016	AXSIX vs BWDTX
RFXIX	Rational Special Situations Income Fund	98	—	Jul 2019	AXSIX vs RFXIX
CBLDX	CrossingBridge Low Duration High Yield Fund	97	—	Jan 2018	AXSIX vs CBLDX

Top Performing AXSIX Alternatives (YTD)

AXSIX is at 1.72% YTD. There are 17 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.36%.

Symbol	Name	YTD Return	AUM	Inception
ACP	abrdn Income Credit Strategies Fund	3.36%	—	Jan 2011	AXSIX vs ACP
LFLIX	BrandywineGLOBAL - Flexible Bond Fund	3.03%	—	May 2016	AXSIX vs LFLIX
NWXHX	Nationwide Amundi Strategic Income Fund	2.37%	—	Nov 2015	AXSIX vs NWXHX
ESIIX	Eaton Vance Strategic Income Fund Class I	2.33%	—	Apr 2009	AXSIX vs ESIIX
NWXEX	Nationwide Strategic Income A	2.22%	—	Nov 2015	AXSIX vs NWXEX

Lowest Volatility Alternatives to AXSIX

AXSIX has 2.44% 1-year volatility. There are 15 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.19%.

Symbol	Name	Volatility 1Y	AUM	Inception
NWXHX	Nationwide Amundi Strategic Income Fund	1.19%	—	Nov 2015	AXSIX vs NWXHX
NWXEX	Nationwide Strategic Income A	1.22%	—	Nov 2015	AXSIX vs NWXEX
BWDTX	Boyd Watterson Limited Duration Enhanced Income Fu...	1.31%	—	Jul 2016	AXSIX vs BWDTX
CBLDX	CrossingBridge Low Duration High Yield Fund	1.40%	—	Jan 2018	AXSIX vs CBLDX
RFXIX	Rational Special Situations Income Fund	1.40%	—	Jul 2019	AXSIX vs RFXIX

Lowest Drawdown Alternatives to AXSIX

AXSIX has a 1-year max drawdown of -1.22%. There are 6 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NWXHX	Nationwide Amundi Strategic Income Fund	-0.41%	—	Nov 2015	AXSIX vs NWXHX
NWXEX	Nationwide Strategic Income A	-0.43%	—	Nov 2015	AXSIX vs NWXEX
RFXIX	Rational Special Situations Income Fund	-0.72%	—	Jul 2019	AXSIX vs RFXIX
CBLDX	CrossingBridge Low Duration High Yield Fund	-0.73%	—	Jan 2018	AXSIX vs CBLDX
BWDTX	Boyd Watterson Limited Duration Enhanced Income Fu...	-1.00%	—	Jul 2016	AXSIX vs BWDTX

Often Compared With AXSIX

Investors most often compare AXSIX with MFHVX, RCTIX, RCTRX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MFHVX	Mesirow High Yield Fund	High Yield Bonds	64	3.20%	—	Dec 2018	AXSIX vs MFHVX
RCTIX	River Canyon Total Return Bond Fund	Short-Term Bond	67	0.81%	—	Dec 2014	AXSIX vs RCTIX
RCTRX	Regan Total Return Income Fund	Nontraditional Bonds	84	0.88%	—	Sep 2020	AXSIX vs RCTRX
HSNIX	The Hartford Strategic Income Fund	Multisector Bonds	55	0.94%	—	May 2007	AXSIX vs HSNIX
FADMX	Fidelity Strategic Income Fund	Total Bond Market	87	3.37%	—	Oct 1994	AXSIX vs FADMX
VOO	Vanguard S&P 500 ETF	S&P 500	59	8.19%	1.70T	Sep 2010	AXSIX vs VOO
BINC	iShares Flexible Income Active ETF	Multisector Bonds	68	1.29%	16.17B	May 2023	AXSIX vs BINC
PIMIX	PIMCO Income Fund Institutional Class	Multisector Bonds	42	0.72%	—	Mar 2007	AXSIX vs PIMIX
PULS	PGIM Ultra Short Bond ETF	Ultrashort Bond	99	1.96%	17.34B	Apr 2018	AXSIX vs PULS
MSYIX	Morgan Stanley Institutional Fund Trust High Yield...	High Yield Bonds	—	—	—	Feb 2012	AXSIX vs MSYIX
LSFIX	Loomis Sayles Fixed Income Fund	Multisector Bonds	43	0.17%	—	Jan 1995	AXSIX vs LSFIX
OWCIX	Old Westbury Credit Income Fund	Multisector Bonds	41	1.92%	—	Sep 2020	AXSIX vs OWCIX
TQPAX	Touchstone Strategic Income Opportunities Fund	Multisector Bonds	45	1.03%	—	Oct 1993	AXSIX vs TQPAX
CADUX	CION Ares Diversified Credit Fund Class I	Multisector Bonds	50	-0.45%	—	Jan 2017	AXSIX vs CADUX
JSVIX	Easterly Income Opportunities Fund	Multisector Bonds	77	0.37%	—	Aug 2018	AXSIX vs JSVIX
GSCMX	Goldman Sachs Income Fund	Multisector Bonds	41	0.57%	—	Dec 2019	AXSIX vs GSCMX
JMM	Nuveen Multi-Market Income Fund	Multisector Bonds	3	-0.95%	—	Dec 1988	AXSIX vs JMM
BRW	Saba Capital Income & Opportunities Fund	Multisector Bonds	2	-0.25%	—	Dec 1987	AXSIX vs BRW
WIORX	Wilshire Income Opportunities Fund	Multisector Bonds	23	0.10%	—	Mar 2016	AXSIX vs WIORX
APENX	Cavanal Hill Strategic Enhanced Yield Fund	Multisector Bonds	29	0.38%	—	Dec 2017	AXSIX vs APENX

Compare AXSIX with Any Fund or Stock

Compare AXSIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair AXSIX with funds that move differently

Axonic Strategic Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AXSIX.

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Axonic Strategic Income Fund (AXSIX) Alternatives