Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) Alternatives
Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) 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 FHYTX. 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 FHYTX
FHYTX charges 0.98% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among FHYTX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | Dec 24, 2008 | FHYTX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | Nov 12, 2001 | FHYTX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | Dec 26, 2017 | FHYTX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | Dec 27, 1978 | FHYTX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | Nov 22, 2020 | FHYTX vs CRDOX |
Best Risk-Adjusted Alternatives to FHYTX
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 | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | Dec 16, 2014 | FHYTX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | Mar 6, 2019 | FHYTX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | Sep 30, 2010 | FHYTX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 99 | Jul 29, 2011 | FHYTX vs PRFRX | |
| T. Rowe Price Credit Opportunities Fund | 98 | Apr 29, 2014 | FHYTX vs PRCPX |
Top Performing FHYTX Alternatives (YTD)
FHYTX alternatives from the High Yield Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Fairholme Focused Income Fund | 6.09% | Dec 31, 2009 | FHYTX vs FOCIX | |
| Pioneer ILS Interval Fund | 6.00% | Dec 16, 2014 | FHYTX vs XILSX | |
| Franklin Templeton SMACS: Series I | 1.02% | Jun 3, 2019 | FHYTX vs FQTIX | |
| Cliffwater Corporate Lending Fund | 0.96% | Mar 6, 2019 | FHYTX vs CCLFX | |
| Nuveen Global High Income Fund | 0.85% | Nov 24, 2014 | FHYTX vs JGH |
Lowest Volatility Alternatives to FHYTX
FHYTX alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.97% | Mar 6, 2019 | FHYTX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 1.02% | Sep 30, 2010 | FHYTX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.74% | Jul 15, 2014 | FHYTX vs CWFIX | |
| Changing Parameters Fund | 1.90% | Oct 2, 2006 | FHYTX vs CPMPX | |
| Shenkman Capital Short Duration High Income Fund | 1.96% | Oct 31, 2012 | FHYTX vs SCFIX |
Lowest Drawdown Alternatives to FHYTX
FHYTX alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.21% | Dec 16, 2014 | FHYTX vs XILSX | |
| Cliffwater Corporate Lending Fund | -0.38% | Mar 6, 2019 | FHYTX vs CCLFX | |
| RiverPark Short Term High Yield Fund | -0.41% | Sep 30, 2010 | FHYTX vs RPHIX | |
| Toews Tactical Income Fund | -1.12% | Jun 4, 2010 | FHYTX vs THHYX | |
| Changing Parameters Fund | -1.31% | Oct 2, 2006 | FHYTX vs CPMPX |
Other Mutual Funds from Federated
Most popular Federated mutual funds on PortfoliosLab, across asset classes.
Often Compared With FHYTX
What investors most often compare with FHYTX, based on PortfoliosLab usage data.
Compare FHYTX with Any Fund or Stock
Compare FHYTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.