Calamos High Income Opportunities Fund (CHYDX) 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 CHYDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CHYDX
CHYDX charges 1.00% annually. There are 134 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 | CHYDX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | CHYDX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | CHYDX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | CHYDX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | CHYDX vs CRDOX |
Best Risk-Adjusted Alternatives to CHYDX
CHYDX has a PortfoliosLab risk / return rank of 83. There are 43 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 | CHYDX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | CHYDX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | CHYDX vs RPHIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | CHYDX vs PSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | CHYDX vs CWFIX |
Top Performing CHYDX Alternatives (YTD)
CHYDX is at 1.75% YTD. There are 73 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.56% | — | Dec 2014 | CHYDX vs XILSX | |
| Fairholme Focused Income Fund | 9.97% | — | Dec 2009 | CHYDX vs FOCIX | |
| Fidelity Capital & Income Fund | 6.70% | — | Nov 1977 | CHYDX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.15% | — | Oct 2018 | CHYDX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.09% | — | Jul 1995 | CHYDX vs FAHCX |
Lowest Volatility Alternatives to CHYDX
CHYDX has 2.29% 1-year volatility. There are 14 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | CHYDX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.86% | — | Sep 2010 | CHYDX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.52% | — | Jul 2014 | CHYDX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.70% | — | Oct 2012 | CHYDX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.78% | — | Aug 2002 | CHYDX vs OSTIX |
Lowest Drawdown Alternatives to CHYDX
CHYDX has a 1-year max drawdown of -1.73%. There are 27 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10% | — | Dec 2014 | CHYDX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | CHYDX vs CCLFX | |
| RiverPark Short Term High Yield Fund | -0.21% | — | Sep 2010 | CHYDX vs RPHIX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | CHYDX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | CHYDX vs SCFIX |
Other Mutual Funds from Calamos
The 10 most viewed Calamos mutual funds shown here include CMNIX, CSQ, CTSIX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Calamos Market Neutral Income Fund Institutional C... | 99 | 3.86% | — | May 2000 | CHYDX vs CMNIX | ||
| Calamos Strategic Total Return Fund | Diversified Portfolio | 40 | 12.33% | — | Mar 2004 | CHYDX vs CSQ | |
| Calamos Timpani Small Cap Growth Fund | Small Cap Growth Equities | 54 | 22.66% | — | Mar 2011 | CHYDX vs CTSIX | |
| Calamos Convertible Opportunities and Income Fund | Convertible Bonds | 83 | 29.45% | — | Jun 1997 | CHYDX vs CHI | |
| Calamos Phineus Long/Short Fund | Long-Short | 14 | 6.88% | — | Apr 2016 | CHYDX vs CPLIX | |
| Calamos Growth and Income Fund | Diversified Portfolio | 65 | 11.31% | — | Sep 1988 | CHYDX vs CVTRX | |
| Calamos Hedged Equity Fund | Options Trading | 81 | 6.93% | — | Dec 2014 | CHYDX vs CIHEX | |
| Calamos International Growth Fund | Foreign Large Cap Equities | 27 | 17.68% | — | Mar 2005 | CHYDX vs CIGIX | |
| Calamos Global Equity Fund | Global Equities | 28 | 13.90% | — | Feb 2007 | CHYDX vs CIGEX | |
| Calamos Convertible and High Income Closed Fund | Convertible Bonds | 71 | 20.27% | — | May 2003 | CHYDX vs CHY |
Often Compared With CHYDX
Investors most often compare CHYDX with JEPI, SPY, IVV. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare CHYDX with Any Fund or Stock
Compare CHYDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CHYDX with funds that move differently
Calamos High Income Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CHYDX.
Explore CHYDX Diversifiers