Dimensional High Yield Fund (DHF) 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 DHF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DHF
DHF charges 0.04% annually. There are 9 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Global High Income Fund Inc | 0.02% | — | Jan 2010 | DHF vs EHI | |
| Western Asset High Income Opportunity Fund Inc | 0.02% | — | Jan 2009 | DHF vs HIO | |
| Western Asset High Yield Opportunity Fund Inc | 0.02% | — | Jul 2010 | DHF vs HYI | |
| PGIM High Yield Bond Fund | 0.02% | — | Apr 2012 | DHF vs ISD | |
| First Trust High Yield Opportunities 2027 Term Fun... | 0.02% | — | Jun 2020 | DHF vs FTHY |
Best Risk-Adjusted Alternatives to DHF
DHF has a PortfoliosLab risk / return rank of 5. There are 188 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 | DHF vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | DHF vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | — | Sep 2010 | DHF vs RPHIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | DHF vs PSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | DHF vs CWFIX |
Top Performing DHF Alternatives (YTD)
DHF is at 0.64% YTD. There are 160 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 | DHF vs XILSX | |
| Fairholme Focused Income Fund | 10.04% | — | Dec 2009 | DHF vs FOCIX | |
| RiverNorth Capital and Income Fund | 8.00% | — | — | DHF vs RSF | |
| Nuveen Floating Rate Income Fund | 6.22% | — | Mar 2004 | DHF vs JFR | |
| Fidelity Capital & Income Fund | 5.94% | — | Nov 1977 | DHF vs FAGIX |
Lowest Volatility Alternatives to DHF
DHF has 12.04% 1-year volatility. There are 203 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 | DHF vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.86% | — | Sep 2010 | DHF vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | DHF vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.69% | — | Oct 2012 | DHF vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | DHF vs OSTIX |
Lowest Drawdown Alternatives to DHF
DHF has a 1-year max drawdown of -8.66%. There are 193 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 | DHF vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | DHF vs CCLFX | |
| RiverPark Short Term High Yield Fund | -0.21% | — | Sep 2010 | DHF vs RPHIX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | DHF vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | DHF vs SCFIX |
Other Mutual Funds from Dimensional
The 10 most viewed Dimensional mutual funds shown here include DFSVX, DFIVX, DGEIX and span 7 categories. AUM among these funds goes as high as $43B.
Often Compared With DHF
Investors most often compare DHF with DMA, DMB, DFP. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare DHF with Any Fund or Stock
Compare DHF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DHF with funds that move differently
Dimensional High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DHF.
Explore DHF Diversifiers