Principal High Yield Fund (CPHYX) 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 CPHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CPHYX
CPHYX charges 0.91% annually. There are 114 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 | CPHYX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | CPHYX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | CPHYX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | CPHYX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | CPHYX vs CRDOX |
Best Risk-Adjusted Alternatives to CPHYX
CPHYX has a PortfoliosLab risk / return rank of 46. There are 151 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 | CPHYX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | CPHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | CPHYX vs RPHIX | |
| Intrepid Income Fund | 97 | — | Aug 2010 | CPHYX vs ICMUX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | CPHYX vs PSHNX |
Top Performing CPHYX Alternatives (YTD)
CPHYX is at 0.87% YTD. There are 140 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.04% | — | Dec 2014 | CPHYX vs XILSX | |
| Fairholme Focused Income Fund | 9.48% | — | Dec 2009 | CPHYX vs FOCIX | |
| Fidelity Capital & Income Fund | 5.47% | — | Nov 1977 | CPHYX vs FAGIX | |
| Nuveen Global High Income Fund | 5.11% | — | Nov 2014 | CPHYX vs JGH | |
| Fidelity Advisor High Income Advantage Fund Class ... | 4.93% | — | Oct 2018 | CPHYX vs FIQTX |
Lowest Volatility Alternatives to CPHYX
CPHYX 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 0.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.83% | — | Sep 2010 | CPHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | CPHYX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | CPHYX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | CPHYX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | CPHYX vs OSTIX |
Lowest Drawdown Alternatives to CPHYX
CPHYX has a 1-year max drawdown of -2.61%. There are 123 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 | CPHYX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | CPHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | CPHYX vs CCLFX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | CPHYX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | CPHYX vs SCFIX |
Other Mutual Funds from Principal
The 10 most viewed Principal mutual funds shown here include PCBIX, PLSAX, PLGIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Principal MidCap Fund Institutional Class | Mid Cap Growth Equities | 1 | -3.74% | — | Dec 2000 | CPHYX vs PCBIX | |
| Principal LargeCap S&P 500 Index Fund Class A | S&P 500 | 60 | 9.18% | — | Feb 2001 | CPHYX vs PLSAX | |
| Principal LargeCap Growth Fund I | Large Cap Growth Equities | 5 | -1.62% | — | Dec 2000 | CPHYX vs PLGIX | |
| Principal MidCap R6 | Mid Cap Growth Equities | 1 | -3.68% | — | Nov 2016 | CPHYX vs PMAQX | |
| Principal LifeTime 2055 Fund | Target Retirement Date | 49 | 8.75% | — | Feb 2008 | CPHYX vs LTFIX | |
| Principal Capital Appreciation Fund | Large Cap Blend Equities | 42 | 8.06% | — | Nov 1986 | CPHYX vs CMNWX | |
| Principal Blue Chip Fund | Large Cap Growth Equities | 2 | -2.47% | — | Jun 2012 | CPHYX vs PBCKX | |
| Principal Global Multi-Strategy Fund | Multistrategy | 97 | 5.75% | — | Oct 2011 | CPHYX vs PSMIX | |
| Principal LifeTime 2045 Fund | Target Retirement Date | 49 | 7.81% | — | Feb 2008 | CPHYX vs LTRIX | |
| Principal LifeTime 2040 Fund | Target Retirement Date | 49 | 6.90% | — | Feb 2001 | CPHYX vs PTDIX |
Often Compared With CPHYX
Investors most often compare CPHYX with BCAAX, VCRB, DGRO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare CPHYX with Any Fund or Stock
Compare CPHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CPHYX with funds that move differently
Principal High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPHYX.
Explore CPHYX Diversifiers