First Trust High Yield Opportunities 2027 Term Fund (FTHY) 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 FTHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FTHY
FTHY charges 0.02% annually. There are 3 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Global High Income Fund Inc | 0.02% | — | Jan 2010 | FTHY vs EHI | |
| Western Asset High Income Opportunity Fund Inc | 0.02% | — | Jan 2009 | FTHY vs HIO | |
| Western Asset High Yield Opportunity Fund Inc | 0.02% | — | Jul 2010 | FTHY vs HYI | |
| PGIM High Yield Bond Fund | 0.02% | — | Apr 2012 | FTHY vs ISD | |
| Nuveen Floating Rate Income Fund | 0.02% | — | Mar 2004 | FTHY vs JFR |
Best Risk-Adjusted Alternatives to FTHY
FTHY has a PortfoliosLab risk / return rank of 13. There are 182 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | FTHY vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | FTHY vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | — | Sep 2010 | FTHY vs RPHIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | FTHY vs PSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | FTHY vs CWFIX |
Top Performing FTHY Alternatives (YTD)
FTHY is at 3.57% YTD. There are 15 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.56% | — | Dec 2014 | FTHY vs XILSX | |
| Fairholme Focused Income Fund | 10.04% | — | Dec 2009 | FTHY vs FOCIX | |
| RiverNorth Capital and Income Fund | 8.00% | — | — | FTHY vs RSF | |
| Nuveen Floating Rate Income Fund | 6.22% | — | Mar 2004 | FTHY vs JFR | |
| Fidelity Capital & Income Fund | 5.94% | — | Nov 1977 | FTHY vs FAGIX |
Lowest Volatility Alternatives to FTHY
FTHY has 7.07% 1-year volatility. There are 185 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 | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | FTHY vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.86% | — | Sep 2010 | FTHY vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | FTHY vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.69% | — | Oct 2012 | FTHY vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | FTHY vs OSTIX |
Lowest Drawdown Alternatives to FTHY
FTHY has a 1-year max drawdown of -5.44%. There are 185 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10% | — | Dec 2014 | FTHY vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | FTHY vs CCLFX | |
| RiverPark Short Term High Yield Fund | -0.21% | — | Sep 2010 | FTHY vs RPHIX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FTHY vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FTHY vs SCFIX |
Other Mutual Funds from First Trust
The 7 most viewed First Trust mutual funds shown here include VARBX, FCT, FPEIX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | Event Driven | 99 | 2.46% | — | Oct 2015 | FTHY vs VARBX | |
| First Trust Senior Floating Rate Income Fund II | Bank Loan | 24 | 2.44% | — | Jan 2013 | FTHY vs FCT | |
| First Trust Preferred Securities and Income Fund | Preferred Stock | 55 | 0.24% | — | Jan 2011 | FTHY vs FPEIX | |
| First Trust Intermediate Duration Preferred and In... | Preferred Stock | 7 | -0.35% | — | Apr 2009 | FTHY vs FPF | |
| First Trust Enhanced Equity Income Fund | Derivative Income | 56 | 7.62% | — | Aug 2004 | FTHY vs FFA | |
| First Trust Short Duration High Income Fund | Bank Loan | 33 | 0.09% | — | Oct 2012 | FTHY vs FDHIX | |
| First Trust Mortgage Income Fund | Mortgage Backed Securities | 4 | -1.66% | — | May 2005 | FTHY vs FMY |
Often Compared With FTHY
Investors most often compare FTHY with KNG, FTHI, DHF. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FTHY with Any Fund or Stock
Compare FTHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FTHY with funds that move differently
First Trust High Yield Opportunities 2027 Term Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FTHY.
Explore FTHY Diversifiers