PGIM Global High Yield Fund (GHY) 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 GHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GHY
GHY charges 0.03% annually. There are 7 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 | GHY vs EHI | |
| Western Asset High Income Opportunity Fund Inc | 0.02% | — | Jan 2009 | GHY vs HIO | |
| Western Asset High Yield Opportunity Fund Inc | 0.02% | — | Jul 2010 | GHY vs HYI | |
| PGIM High Yield Bond Fund | 0.02% | — | Apr 2012 | GHY vs ISD | |
| First Trust High Yield Opportunities 2027 Term Fun... | 0.02% | — | Jun 2020 | GHY vs FTHY |
Best Risk-Adjusted Alternatives to GHY
GHY has a PortfoliosLab risk / return rank of 3. There are 197 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 | GHY vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | GHY vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | — | Sep 2010 | GHY vs RPHIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | GHY vs PSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | GHY vs CWFIX |
Top Performing GHY Alternatives (YTD)
GHY is at -0.52% YTD. There are 195 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 | GHY vs XILSX | |
| Fairholme Focused Income Fund | 10.04% | — | Dec 2009 | GHY vs FOCIX | |
| RiverNorth Capital and Income Fund | 8.00% | — | — | GHY vs RSF | |
| Nuveen Floating Rate Income Fund | 6.22% | — | Mar 2004 | GHY vs JFR | |
| Fidelity Capital & Income Fund | 5.94% | — | Nov 1977 | GHY vs FAGIX |
Lowest Volatility Alternatives to GHY
GHY has 10.72% 1-year volatility. There are 199 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 | GHY vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.86% | — | Sep 2010 | GHY vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | GHY vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.69% | — | Oct 2012 | GHY vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | GHY vs OSTIX |
Lowest Drawdown Alternatives to GHY
GHY has a 1-year max drawdown of -11.94%. There are 200 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 | GHY vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | GHY vs CCLFX | |
| RiverPark Short Term High Yield Fund | -0.21% | — | Sep 2010 | GHY vs RPHIX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | GHY vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | GHY vs SCFIX |
Other Mutual Funds from PGIM
The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Growth Fund | Large Cap Growth Equities | 10 | 3.75% | — | Nov 1995 | GHY vs PJFAX | |
| PGIM High Yield Fund Class R6 | High Yield Bonds | 44 | 1.16% | — | Oct 2011 | GHY vs PHYQX | |
| PGIM Total Return Bond R6 | Intermediate Core-Plus Bond | 16 | -0.78% | — | Dec 2010 | GHY vs PTRQX | |
| PGIM Floating Rate Income Fund | Bank Loan | 95 | 2.71% | — | Mar 2011 | GHY vs FRFZX | |
| PGIM Total Return Bond Fund Class Z | Intermediate Core-Plus Bond | 16 | -0.75% | — | Jan 1997 | GHY vs PDBZX | |
| PGIM 60/40 Allocation Fund | Diversified Portfolio | 73 | 6.89% | — | Sep 2017 | GHY vs PALDX | |
| PGIM Short Duration Multi-Sector Bond Fund | Short-Term Bond | 47 | 0.84% | — | Dec 2013 | GHY vs SDMZX | |
| PGIM High Yield Fund | High Yield Bonds | 40 | 0.98% | — | Jan 1990 | GHY vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | High Yield Bonds | 43 | 0.93% | — | Oct 2012 | GHY vs HYSZX | |
| PGIM Jennison International Opportunities Fund | Foreign Large Cap Equities | 7 | 2.74% | — | Jun 2012 | GHY vs PWJZX |
Often Compared With GHY
Investors most often compare GHY with AWF, JBBB, JAAA. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare GHY with Any Fund or Stock
Compare GHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GHY with funds that move differently
PGIM Global High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GHY.
Explore GHY Diversifiers