Changing Parameters Fund (CPMPX) Alternatives

Changing Parameters Fund (CPMPX) 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 CPMPX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to CPMPX

CPMPX charges 2.90% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among CPMPX alternatives.

Symbol	Name	Expense Ratio	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	Dec 24, 2008	CPMPX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.13%	Nov 12, 2001	CPMPX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	Dec 26, 2017	CPMPX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.23%	Dec 27, 1978	CPMPX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	Nov 22, 2020	CPMPX vs CRDOX

Best Risk-Adjusted Alternatives to CPMPX

Among mutual funds in the High Yield Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
XILSX	Pioneer ILS Interval Fund	100	Dec 16, 2014	CPMPX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	Mar 6, 2019	CPMPX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	Sep 30, 2010	CPMPX vs RPHIX
PRFRX	T. Rowe Price Floating Rate Fund	99	Jul 29, 2011	CPMPX vs PRFRX
PRCPX	T. Rowe Price Credit Opportunities Fund	98	Apr 29, 2014	CPMPX vs PRCPX

Top Performing CPMPX Alternatives (YTD)

CPMPX alternatives from the High Yield Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
FOCIX	Fairholme Focused Income Fund	6.93%	Dec 31, 2009	CPMPX vs FOCIX
XILSX	Pioneer ILS Interval Fund	5.18%	Dec 16, 2014	CPMPX vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	1.02%	Sep 30, 2010	CPMPX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.96%	Mar 6, 2019	CPMPX vs CCLFX
FQTIX	Franklin Templeton SMACS: Series I	0.52%	Jun 3, 2019	CPMPX vs FQTIX

Lowest Volatility Alternatives to CPMPX

CPMPX alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.97%	Sep 30, 2010	CPMPX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.97%	Mar 6, 2019	CPMPX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.71%	Jul 15, 2014	CPMPX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.96%	Oct 31, 2012	CPMPX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	2.21%	Aug 30, 2002	CPMPX vs OSTIX

Lowest Drawdown Alternatives to CPMPX

CPMPX alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
XILSX	Pioneer ILS Interval Fund	-0.21%	Dec 16, 2014	CPMPX vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	-0.41%	Sep 30, 2010	CPMPX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.46%	Mar 6, 2019	CPMPX vs CCLFX
THHYX	Toews Tactical Income Fund	-1.12%	Jun 4, 2010	CPMPX vs THHYX
CWFIX	Chartwell Short Duration High Yield Fund	-1.37%	Jul 15, 2014	CPMPX vs CWFIX

Often Compared With CPMPX

What investors most often compare with CPMPX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
KHYAX	DWS High Income Fund	High Yield Bonds	89	-1.11%	Jan 26, 1978	CPMPX vs KHYAX
FYAIX	Access Flex High Yield ProFund	High Yield Bonds	39	-1.64%	Dec 17, 2004	CPMPX vs FYAIX
LSIOX	Loomis Sayles High Income Opps Fund	High Yield Bonds	85	-0.85%	Apr 12, 2004	CPMPX vs LSIOX
MDHVX	MainStay MacKay Short Duration High Yield Fund	High Yield Bonds	79	-0.31%	Dec 17, 2012	CPMPX vs MDHVX
DCHYX	Dunham High Yield Bond Fund	High Yield Bonds	74	-1.31%	Jul 1, 2005	CPMPX vs DCHYX
FAGIX	Fidelity Capital & Income Fund	High Yield Bonds	91	-0.85%	Nov 1, 1977	CPMPX vs FAGIX
IPHYX	Voya High Yield Portfolio	High Yield Bonds	54	-1.94%	May 3, 2004	CPMPX vs IPHYX
EIAMX	Eaton Vance Multi-Asset Credit Fund	High Yield Bonds	92	-1.08%	Oct 31, 2011	CPMPX vs EIAMX
BRHYX	BlackRock High Yield K	High Yield Bonds	89	-1.71%	Jan 5, 2001	CPMPX vs BRHYX
FJSYX	Nuveen Credit Income Fund	High Yield Bonds	91	-1.12%	Aug 30, 2001	CPMPX vs FJSYX
SSTHX	Allspring Short-Term High Yield Bond Fund	High Yield Bonds	92	-0.75%	Feb 29, 2000	CPMPX vs SSTHX
CIF	MFS Intermediate High Income Fund	High Yield Bonds	15	-2.21%	Jul 21, 1988	CPMPX vs CIF
MFHVX	Mesirow High Yield Fund	High Yield Bonds	31	-1.48%	Dec 3, 2018	CPMPX vs MFHVX
NHS	Neuberger Berman High Yield Strategies Fund	High Yield Bonds	4	-9.61%	Jul 28, 2003	CPMPX vs NHS
BCAAX	BrandywineGLOBAL - Corporate Credit Fund	High Yield Bonds	46	-1.85%	Sep 29, 2002	CPMPX vs BCAAX
CHYDX	Calamos High Income Opportunities Fund	High Yield Bonds	85	-0.47%	Aug 2, 1999	CPMPX vs CHYDX
LHYAX	Lord Abbett High Yield Fund	High Yield Bonds	66	-1.97%	Dec 31, 1998	CPMPX vs LHYAX
CPHYX	Principal High Yield Fund	High Yield Bonds	64	-1.64%	Apr 8, 1998	CPMPX vs CPHYX
DLHYX	MassMutual High Yield Fund	High Yield Bonds	87	-1.25%	Sep 5, 2000	CPMPX vs DLHYX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	86	-1.88%	Nov 1, 2002	CPMPX vs FIHBX

Compare CPMPX with Any Fund or Stock

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

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Changing Parameters Fund

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