FHYTX Alternatives & Similar Mutual Funds

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 a closer substitute for your current allocation.

Cheapest Alternatives to FHYTX

FHYTX charges 0.98% annually. There are 126 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	FHYTX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	FHYTX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	FHYTX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	FHYTX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	FHYTX vs CRDOX

Best Risk-Adjusted Alternatives to FHYTX

FHYTX has a PortfoliosLab risk / return rank of 48. There are 122 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
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	FHYTX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	100	—	Jun 2019	FHYTX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	FHYTX vs RPHIX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	FHYTX vs PSHNX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	FHYTX vs CWFIX

Top Performing FHYTX Alternatives (YTD)

FHYTX is at 1.63% YTD. There are 81 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.56%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	10.56%	—	Dec 2014	FHYTX vs XILSX
FOCIX	Fairholme Focused Income Fund	9.97%	—	Dec 2009	FHYTX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	6.70%	—	Nov 1977	FHYTX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	6.15%	—	Oct 2018	FHYTX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	6.09%	—	Jul 1995	FHYTX vs FAHCX

Lowest Volatility Alternatives to FHYTX

FHYTX has 3.64% 1-year volatility. There are 154 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
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	0.85%	—	Jun 2019	FHYTX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.86%	—	Sep 2010	FHYTX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.52%	—	Jul 2014	FHYTX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.70%	—	Oct 2012	FHYTX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.78%	—	Aug 2002	FHYTX vs OSTIX

Lowest Drawdown Alternatives to FHYTX

FHYTX has a 1-year max drawdown of -2.76%. There are 144 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
XILSX	Pioneer ILS Interval Fund	-0.10%	—	Dec 2014	FHYTX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	-0.19%	—	Jun 2019	FHYTX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	-0.21%	—	Sep 2010	FHYTX vs RPHIX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	FHYTX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	FHYTX vs SCFIX

Other Mutual Funds from Federated

The 10 most viewed Federated mutual funds shown here include SVAIX, QILGX, QAMNX and span 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SVAIX	Federated Hermes Strategic Value Dividend Fund	Large Cap Value Equities	95	15.38%	—	Mar 2005	FHYTX vs SVAIX
QILGX	Federated Hermes MDT Large Cap Growth Fund	Large Cap Growth Equities	17	4.82%	—	Sep 2005	FHYTX vs QILGX
QAMNX	Federated Hermes MDT Market Neutral A	Long-Short	41	4.51%	—	Sep 2008	FHYTX vs QAMNX
QIACX	Federated Hermes MDT All Cap Core Fund	Large Cap Blend Equities	52	10.09%	—	Oct 2002	FHYTX vs QIACX
KAUFX	Federated Hermes Kaufmann Fd	Mid Cap Growth Equities	15	9.61%	—	Feb 1986	FHYTX vs KAUFX
FGSAX	Federated Hermes MDT Mid Cap Growth Fund	Mid Cap Growth Equities	4	0.92%	—	Aug 1984	FHYTX vs FGSAX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	51	1.08%	—	Nov 2002	FHYTX vs FIHBX
BEARX	Federated Hermes Prudent Bear Fd	Inverse Equities	0	-8.18%	—	Dec 1995	FHYTX vs BEARX
ISCAX	Federated Hermes International Small-Mid Company F...	Foreign Small & Mid Cap Equities	31	9.14%	—	Feb 1996	FHYTX vs ISCAX
IVFIX	Federated Hermes International Strategic Value Div...	Foreign Large Cap Equities	87	11.32%	—	Jun 2008	FHYTX vs IVFIX

Often Compared With FHYTX

Investors most often compare FHYTX with AHYB, PACIX, PTCIX. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AHYB	American Century Select High Yield ETF	High Yield Bonds	61	1.75%	61.91M	Nov 2021	FHYTX vs AHYB
PACIX	Columbia Convertible Securities Fund	Convertible Bonds	76	18.74%	—	Sep 1987	FHYTX vs PACIX
PTCIX	PIMCO Long-Term Credit Bond Fund	Long-Term Bond	5	-2.15%	—	Mar 2009	FHYTX vs PTCIX
RITGX	American Funds American High-Income Trust® Class R...	High Yield Bonds	66	1.50%	—	Aug 2008	FHYTX vs RITGX
BRHYX	BlackRock High Yield K	High Yield Bonds	72	1.50%	—	Jan 2001	FHYTX vs BRHYX
PEDIX	PIMCO Extended Duration Fund	Government Bonds	1	-6.01%	—	Aug 2006	FHYTX vs PEDIX
FALN	iShares Fallen Angels USD Bond ETF	High Yield Bonds	52	2.63%	1.61B	Jun 2016	FHYTX vs FALN
SPHY	SPDR Portfolio High Yield Bond ETF	High Yield Bonds	65	2.44%	11.60B	Jun 2012	FHYTX vs SPHY
PONAX	PIMCO Income Fund Class A	Multisector Bonds	27	0.12%	—	Apr 2007	FHYTX vs PONAX
ANGL	VanEck Fallen Angel High Yield Bond ETF	High Yield Bonds	52	2.53%	3.05B	Apr 2012	FHYTX vs ANGL
FHUMX	Federated Hermes U.S. SMID Fund	Mid Cap Blend Equities	15	12.70%	—	Jul 2020	FHYTX vs FHUMX
JAAA	Janus Henderson AAA CLO ETF	CLO	99	2.62%	29.22B	Oct 2020	FHYTX vs JAAA
FHESX	Federated Hermes SDG Engagement Equity Fund	Global Equities	17	12.07%	—	Nov 2018	FHYTX vs FHESX
BGHSX	BrandywineGLOBAL - High Yield Fund	High Yield Bonds	29	-0.05%	—	Dec 2014	FHYTX vs BGHSX
FTRFX	Federated Hermes Total Return Bond Fund	Intermediate Core-Plus Bond	15	-1.22%	—	Oct 1996	FHYTX vs FTRFX
FGSIX	Federated MDT Mid Cap Growth Fund Institutional Sh...	Mid Cap Growth Equities	4	1.10%	—	Aug 1984	FHYTX vs FGSIX
XPTFX	Federated Hermes Project and Trade Finance Tender ...	Bank Loan	92	4.05%	—	Jan 2017	FHYTX vs XPTFX
FKASX	Federated Hermes Kaufmann Small Cap Fund	Small Cap Growth Equities	22	11.80%	—	Dec 2002	FHYTX vs FKASX
QQMNX	Federated Hermes MDT Market Neutral Fund Instituti...	Equity Market Neutral	41	4.64%	—	Sep 2008	FHYTX vs QQMNX
FCSPX	Federated Hermes Corporate Bond Strategy Port	Corporate Bonds	16	-0.71%	—	Jun 2006	FHYTX vs FCSPX

Compare FHYTX with Any Fund or Stock

Compare FHYTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair FHYTX with funds that move differently

Federated Hermes Opportunistic High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FHYTX.

Explore FHYTX Diversifiers

Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) Alternatives