MassMutual Global Floating Rate Fund (BXFIX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with BXFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BXFIX
BXFIX charges 0.77% annually. There are 22 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | BXFIX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | BXFIX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | BXFIX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | BXFIX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | BXFIX vs LFRIX |
Best Risk-Adjusted Alternatives to BXFIX
BXFIX has a PortfoliosLab risk / return rank of 38. There are 43 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | BXFIX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 98 | — | Jun 2023 | BXFIX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | BXFIX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | BXFIX vs SAMBX | |
| PGIM Floating Rate Income Fund | 94 | — | Mar 2011 | BXFIX vs FRFZX |
Top Performing BXFIX Alternatives (YTD)
BXFIX is at 0.56% YTD. There are 46 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.22% | — | Dec 2009 | BXFIX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 2.83% | — | Jan 2017 | BXFIX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 2.69% | — | Feb 2006 | BXFIX vs SAMBX | |
| PGIM Floating Rate Income Fund | 2.29% | — | Mar 2011 | BXFIX vs FRFZX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.19% | — | Jun 2023 | BXFIX vs CAPIX |
Lowest Volatility Alternatives to BXFIX
BXFIX has 2.51% 1-year volatility. There are 38 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.77% | — | Sep 2016 | BXFIX vs RCRIX | |
| Payden Floating Rate Fund | 1.23% | — | Nov 2013 | BXFIX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.34% | — | Sep 2013 | BXFIX vs DFLYX | |
| Shenkman Capital Floating Rate High Income Fund | 1.65% | — | Oct 2014 | BXFIX vs SFHIX | |
| Donoghue Forlines Risk Managed Income Fund | 1.66% | — | Dec 2017 | BXFIX vs FLOTX |
Lowest Drawdown Alternatives to BXFIX
BXFIX has a 1-year max drawdown of -1.72%. There are 31 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | BXFIX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | BXFIX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | BXFIX vs FRFZX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | BXFIX vs CFOIX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | BXFIX vs PSFIX |
Often Compared With BXFIX
Investors most often compare BXFIX with FFRHX, DFRTX, SPFLX. These 11 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | High Yield Bonds | 92 | 2.05% | — | Aug 2000 | BXFIX vs FFRHX | |
| DWS Floating Rate Fund | Bank Loan | — | — | — | Jun 2007 | BXFIX vs DFRTX | |
| American Beacon Sound Point Floating Rate Income F... | Bank Loan | — | — | — | Dec 2012 | BXFIX vs SPFLX | |
| Delaware Floating Rate Fund | Bank Loan | 94 | 1.89% | — | Feb 2010 | BXFIX vs DDFLX | |
| Federated Hermes Floating Rate Strat Inc Fund | Bank Loan | 84 | 1.02% | — | Dec 2010 | BXFIX vs FFRSX | |
| DWS Floating Rate Fund Class S | Bank Loan | — | — | — | Jun 2007 | BXFIX vs DFRPX | |
| Pioneer Floating Rate Fund | Bank Loan | 82 | 1.75% | — | Feb 2007 | BXFIX vs FLYRX | |
| Pacific Funds Floating Rate Income | Bank Loan | 82 | 1.32% | — | Jun 2011 | BXFIX vs PLFRX | |
| BlackRock Floating Rate Income Trust | Bank Loan | 2 | -0.49% | — | Aug 2004 | BXFIX vs BGT | |
| BlackRock Debt Strategies Fund, Inc. | Bank Loan | 6 | 0.34% | — | Nov 1998 | BXFIX vs DSU | |
| Dunham Floating Rate Bond Fund | Bank Loan | 84 | 2.14% | — | Oct 2013 | BXFIX vs DAFRX |
Compare BXFIX with Any Fund or Stock
Compare BXFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BXFIX with funds that move differently
MassMutual Global Floating Rate Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BXFIX.
Explore BXFIX Diversifiers