Dimensional High Yield Equity Fund (DHY) belongs to the Dividend category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with DHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DHY
DHY charges 0.04% annually. There are 5 mutual funds in the Dividend category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Tax-Advantaged Dividend Income Fund | 0.01% | — | Sep 2003 | DHY vs EVT | |
| John Hancock Tax-Advantaged Dividend Income Fund | 0.01% | — | Feb 2004 | DHY vs HTD | |
| The Gabelli Dividend and Income Trust | 0.01% | — | Nov 2003 | DHY vs GDV | |
| Virtus Dividend, Interest and Premium Strategy Fun... | 0.02% | — | Feb 2005 | DHY vs NFJ | |
| Wells Fargo Advantage Funds - Allspring Global Div... | 0.02% | — | Mar 2007 | DHY vs EOD |
Best Risk-Adjusted Alternatives to DHY
DHY has a PortfoliosLab risk / return rank of 1. There are 35 mutual funds in the Dividend category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer Multi-Asset Income Fund A | 89 | — | Dec 2011 | DHY vs PMAIX | |
| Fidelity Advisor 529 Dividend Growth Portfolio Cla... | 88 | — | Apr 2015 | DHY vs FDGDX | |
| EuroPac International Dividend Income Fund Class A | 87 | — | Jan 2014 | DHY vs EPDPX | |
| Wells Fargo Advantage Funds - Allspring Global Div... | 82 | — | Mar 2007 | DHY vs EOD | |
| Vanguard High Dividend Yield Index Fund Admiral Sh... | 81 | 94.60B | Feb 2019 | DHY vs VHYAX |
Top Performing DHY Alternatives (YTD)
DHY is at -8.33% YTD. There are 35 mutual funds in the Dividend category with higher YTD returns, going as high as 19.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Dividend, Interest and Premium Strategy Fun... | 19.07% | — | Feb 2005 | DHY vs NFJ | |
| Wells Fargo Advantage Funds - Allspring Global Div... | 17.52% | — | Mar 2007 | DHY vs EOD | |
| Fidelity Advisor 529 Dividend Growth Portfolio Cla... | 17.18% | — | Apr 2015 | DHY vs FDGDX | |
| American Funds Fundamental Investors® Class F-2 | 15.23% | — | Aug 1978 | DHY vs FINFX | |
| EuroPac International Dividend Income Fund Class A | 13.86% | — | Jan 2014 | DHY vs EPDPX |
Lowest Volatility Alternatives to DHY
DHY has 12.17% 1-year volatility. There are 27 mutual funds in the Dividend category with lower 1-year volatility, going as low as 5.64%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer Multi-Asset Income Fund A | 5.64% | — | Dec 2011 | DHY vs PMAIX | |
| American Funds The Income Fund of America Class A | 7.17% | — | Dec 1973 | DHY vs AMECX | |
| American Funds Capital Income Builder Fund Class F... | 7.99% | — | Jul 1987 | DHY vs CAIFX | |
| JPMorgan Equity Premium Income Fund Class A | 8.60% | — | Aug 2018 | DHY vs JEPAX | |
| John Hancock Premium Dividend Fund | 8.93% | — | Dec 1989 | DHY vs PDT |
Lowest Drawdown Alternatives to DHY
DHY has a 1-year max drawdown of -12.80%. There are 34 mutual funds in the Dividend category with shallower 1-year drawdowns, going as shallow as -4.07%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer Multi-Asset Income Fund A | -4.07% | — | Dec 2011 | DHY vs PMAIX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | -4.71% | — | Mar 2005 | DHY vs SVAAX | |
| John Hancock Premium Dividend Fund | -5.38% | — | Dec 1989 | DHY vs PDT | |
| Columbia Dividend Income Fund Institutional 3 Clas... | -5.51% | — | Nov 2012 | DHY vs CDDYX | |
| American Funds The Income Fund of America Class A | -6.13% | — | Dec 1973 | DHY vs AMECX |
Other Mutual Funds from Dimensional Fund Advisors
The 7 most viewed Dimensional Fund Advisors mutual funds shown here include DMO, DHF, DFP and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Dimensional Multi-Asset Fund | Global Allocation | 5 | 2.62% | — | Dec 2009 | DHY vs DMO | |
| Dimensional High Yield Fund | High Yield Bonds | 6 | 0.86% | — | Jan 2013 | DHY vs DHF | |
| Dimensional Financial Leaders Fund | Large Cap Value Equities | 12 | 0.81% | — | May 2013 | DHY vs DFP | |
| Dimensional Multi-Blend Fund | Large Cap Blend Equities | 31 | 1.17% | — | Jan 2013 | DHY vs DMB | |
| Dimensional International Core Equity Fund | International Equity | — | — | — | Jan 2013 | DHY vs DIAX | |
| Dimensional Managed Account Fund | Diversified Portfolio | 3 | -8.61% | — | Mar 2012 | DHY vs DMA | |
| Dimensional Small Cap Equity Fund | Small Cap Blend Equities | 33 | 0.93% | — | Jan 2013 | DHY vs DSM |
Often Compared With DHY
Investors most often compare DHY with OIEIX, SJB, SPHY. These 11 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare DHY with Any Fund or Stock
Compare DHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DHY with funds that move differently
Dimensional High Yield Equity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DHY.
Explore DHY Diversifiers