BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) 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 BHYIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BHYIX
BHYIX charges 0.59% annually. There are 27 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 | BHYIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | BHYIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | BHYIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | BHYIX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | BHYIX vs CRDOX |
Best Risk-Adjusted Alternatives to BHYIX
BHYIX has a PortfoliosLab risk / return rank of 83. There are 61 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 | BHYIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | BHYIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | BHYIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | BHYIX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | BHYIX vs PSHNX |
Top Performing BHYIX Alternatives (YTD)
BHYIX is at 2.02% YTD. There are 79 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | BHYIX vs XILSX | |
| Fairholme Focused Income Fund | 8.44% | — | Dec 2009 | BHYIX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.17% | — | Nov 1977 | BHYIX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.58% | — | Oct 2018 | BHYIX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.53% | — | Jul 1995 | BHYIX vs FAHCX |
Lowest Volatility Alternatives to BHYIX
BHYIX has 3.38% 1-year volatility. There are 114 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.84% | — | Sep 2010 | BHYIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | BHYIX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | BHYIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | BHYIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | BHYIX vs OSTIX |
Lowest Drawdown Alternatives to BHYIX
BHYIX has a 1-year max drawdown of -2.41%. There are 81 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 | BHYIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | BHYIX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | BHYIX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | BHYIX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | BHYIX vs SCFIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 40 | 14.87% | — | Sep 2021 | BHYIX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 68 | 11.30% | — | Jul 1993 | BHYIX vs WFSPX | |
| BlackRock Global Equity Market Neutral Fund Class ... | Equity Market Neutral | 96 | 11.80% | — | Dec 2012 | BHYIX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 68 | 12.25% | — | May 2011 | BHYIX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 77 | 11.70% | — | Dec 1991 | BHYIX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 55 | 9.82% | — | Jul 2010 | BHYIX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 43 | 6.43% | — | Aug 2005 | BHYIX vs BDJ | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 41 | 31.15% | — | Apr 2000 | BHYIX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 80 | 7.36% | — | Oct 2007 | BHYIX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 76 | 13.91% | — | Sep 1999 | BHYIX vs FAMRX |
Often Compared With BHYIX
Investors most often compare BHYIX with HYG, HYGH, BND. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare BHYIX with Any Fund or Stock
Compare BHYIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BHYIX with funds that move differently
BlackRock High Yield Bond Portfolio Institutional Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BHYIX.
Explore BHYIX Diversifiers