First Trust Short Duration High Income Fund (FDHIX) Alternatives
First Trust Short Duration High Income Fund (FDHIX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FDHIX. 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 FDHIX
FDHIX charges 1.01% annually. Among mutual funds in the Bank Loan category, these options have the lowest expense ratios among FDHIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | Jan 31, 2017 | FDHIX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | Mar 16, 2008 | FDHIX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | Oct 14, 2014 | FDHIX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | Jan 30, 2008 | FDHIX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | Dec 30, 2007 | FDHIX vs LFRIX |
Best Risk-Adjusted Alternatives to FDHIX
Among mutual funds in the Bank Loan 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 | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 100 | Jun 8, 2023 | FDHIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 98 | Sep 29, 2016 | FDHIX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | 94 | Feb 28, 2006 | FDHIX vs SAMBX | |
| Delaware Floating Rate Fund | 94 | Feb 25, 2010 | FDHIX vs DDFLX | |
| Payden Floating Rate Fund | 94 | Nov 10, 2013 | FDHIX vs PYFRX |
Top Performing FDHIX Alternatives (YTD)
FDHIX alternatives from the Bank Loan category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.80% | Jun 8, 2023 | FDHIX vs CAPIX | |
| Victory Floating Rate Fund | 1.46% | Dec 30, 2009 | FDHIX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 1.41% | Jan 31, 2017 | FDHIX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.88% | Sep 29, 2016 | FDHIX vs RCRIX | |
| DWS Floating Rate Fund | 0.51% | Jun 28, 2007 | FDHIX vs DFRTX |
Lowest Volatility Alternatives to FDHIX
FDHIX alternatives from the Bank Loan category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.21% | Jun 8, 2023 | FDHIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 1.54% | Sep 29, 2016 | FDHIX vs RCRIX | |
| BNY Mellon Floating Rate Income Fund | 1.99% | Sep 26, 2013 | FDHIX vs DFLYX | |
| Payden Floating Rate Fund | 2.04% | Nov 10, 2013 | FDHIX vs PYFRX | |
| Shenkman Capital Floating Rate High Income Fund | 2.16% | Oct 14, 2014 | FDHIX vs SFHIX |
Lowest Drawdown Alternatives to FDHIX
FDHIX alternatives from the Bank Loan category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | -0.37% | Jun 8, 2023 | FDHIX vs CAPIX | |
| Federated Hermes Floating Rate Strat Inc Fund | -1.40% | Dec 2, 2010 | FDHIX vs FFRSX | |
| Pioneer Floating Rate Fund | -1.64% | Feb 13, 2007 | FDHIX vs FLYRX | |
| Delaware Floating Rate Fund | -1.65% | Feb 25, 2010 | FDHIX vs DDFLX | |
| BNY Mellon Floating Rate Income Fund | -1.73% | Sep 26, 2013 | FDHIX vs DFLYX |
Other Mutual Funds from First Trust
Most popular First Trust mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | Event Driven | 99 | 0.76% | Oct 1, 2015 | FDHIX vs VARBX | |
| First Trust Preferred Securities and Income Fund | Preferred Stock/Convertible Bonds | 80 | -2.48% | Jan 10, 2011 | FDHIX vs FPEIX | |
| First Trust/Confluence Small Cap Value Fund | Small Cap Blend Equities | — | — | Jan 11, 2011 | FDHIX vs FOVIX | |
| First Trust Enhanced Equity Income Fund | Derivative Income | 36 | -5.60% | Aug 26, 2004 | FDHIX vs FFA |
Often Compared With FDHIX
What investors most often compare with FDHIX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| First Trust Intermediate Duration Preferred and In... | Preferred Stock/Convertible Bonds | 14 | -4.04% | Apr 1, 2009 | FDHIX vs FPF | |
| First Trust Senior Floating Rate Income Fund II | Bank Loan | 24 | -1.43% | Jan 1, 2013 | FDHIX vs FCT | |
| First Trust Mortgage Income Fund | Mortgage Backed Securities | 14 | -2.09% | May 25, 2005 | FDHIX vs FMY | |
| First Trust High Yield Opportunities 2027 Term Fun... | High Yield Bonds | 15 | -1.22% | Jun 25, 2020 | FDHIX vs FTHY | |
| Pacific Funds Floating Rate Income | Bank Loan | 93 | -1.34% | Jun 29, 2011 | FDHIX vs PLFRX |
Compare FDHIX with Any Fund or Stock
Compare FDHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.