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 6 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 | |
| Allspring Global Dividend Opportunity Fund | 0.02% | — | Mar 2007 | DHY vs EOD |
Best Risk-Adjusted Alternatives to DHY
DHY has a PortfoliosLab risk / return rank of 1. There are 84 mutual funds in the Dividend category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Equity Income Fund | 95 | — | Oct 1985 | DHY vs PRFDX | |
| Goldman Sachs Equity Income Fund | 95 | — | Feb 1993 | DHY vs GSGRX | |
| Russell Investments Equity Income Fund | 95 | — | Mar 2000 | DHY vs REAYX | |
| Vanguard International High Dividend Yield Index F... | 94 | 20.40B | Mar 2016 | DHY vs VIHAX | |
| JPMorgan Equity Income Fund R6 | 94 | — | Jul 1987 | DHY vs OIEJX |
Top Performing DHY Alternatives (YTD)
DHY is at -7.21% YTD. There are 84 mutual funds in the Dividend category with higher YTD returns, going as high as 26.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Voya Asia Pacific High Dividend Equity Income Fund | 26.57% | — | Mar 2007 | DHY vs IAE | |
| Virtus Dividend, Interest and Premium Strategy Fun... | 25.90% | — | Feb 2005 | DHY vs NFJ | |
| Transamerica Sustainable Equity Income Fund | 21.42% | — | Jan 2013 | DHY vs TRDIX | |
| Allspring Emerging Markets Equity Income Fund | 21.07% | — | May 2012 | DHY vs EQIIX | |
| Eaton Vance Tax-Advantaged Dividend Income Fund | 20.24% | — | Sep 2003 | DHY vs EVT |
Lowest Volatility Alternatives to DHY
DHY has 13.14% 1-year volatility. There are 66 mutual funds in the Dividend category with lower 1-year volatility, going as low as 5.96%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer Multi-Asset Income Fund A | 5.96% | — | Dec 2011 | DHY vs PMAIX | |
| American Funds The Income Fund of America Class A | 7.37% | — | Dec 1973 | DHY vs AMECX | |
| American Funds Capital Income Builder Fund Class F... | 8.15% | — | Jul 1987 | DHY vs CAIFX | |
| American Century Equity Income Fund | 8.54% | 6.45B | Aug 1994 | DHY vs TWEIX | |
| American Century Equity Income Fund Class I | 8.56% | — | Jul 1998 | DHY vs ACIIX |
Lowest Drawdown Alternatives to DHY
DHY has a 1-year max drawdown of -13.03%. There are 79 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 | |
| Goldman Sachs Equity Income Fund | -5.48% | — | Feb 1993 | DHY vs GSGRX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | -5.51% | — | Nov 2012 | DHY vs CDDYX |
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 DHY
Investors most often compare DHY with OIEIX, DSM, DMB. These 20 comparison targets span 11 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