Catalyst/SMH High Income Fund (HIIFX) 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 HIIFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HIIFX
HIIFX charges 1.49% annually. There are 160 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | HIIFX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | HIIFX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | HIIFX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | HIIFX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | HIIFX vs CRDOX |
Best Risk-Adjusted Alternatives to HIIFX
HIIFX has a PortfoliosLab risk / return rank of 81. There are 64 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 | HIIFX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | HIIFX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | HIIFX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | HIIFX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | HIIFX vs PSHNX |
Top Performing HIIFX Alternatives (YTD)
HIIFX is at 4.04% YTD. There are 11 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | HIIFX vs XILSX | |
| Fairholme Focused Income Fund | 8.79% | — | Dec 2009 | HIIFX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.46% | — | Nov 1977 | HIIFX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.76% | — | Oct 2018 | HIIFX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.70% | — | Jul 1995 | HIIFX vs FAHCX |
Lowest Volatility Alternatives to HIIFX
HIIFX has 6.76% 1-year volatility. There are 178 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 | 0.85% | — | Mar 2019 | HIIFX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.85% | — | Sep 2010 | HIIFX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | HIIFX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | HIIFX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | HIIFX vs OSTIX |
Lowest Drawdown Alternatives to HIIFX
HIIFX has a 1-year max drawdown of -4.89%. There are 178 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | HIIFX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | HIIFX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | HIIFX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | HIIFX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | HIIFX vs SCFIX |
Other Mutual Funds from Catalyst Mutual Funds
The 10 most viewed Catalyst Mutual Funds mutual funds shown here include MBXIX, ATRFX, CLPAX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | Hedge Fund | 92 | 14.54% | — | Dec 1996 | HIIFX vs MBXIX | |
| Catalyst Systematic Alpha Class I | Multistrategy | 11 | 0.46% | — | Jul 2014 | HIIFX vs ATRFX | |
| Catalyst Nasdaq-100 Hedged Equity Fund | Derivative Income | 28 | 12.40% | — | Dec 2013 | HIIFX vs CLPAX | |
| Catalyst/Millburn Hedge Strategy Fund | Macro Trading | 91 | 14.38% | — | Dec 2015 | HIIFX vs MBXAX | |
| Catalyst/SMH Total Return Income Fund | Diversified Portfolio | 15 | 3.97% | — | May 2008 | HIIFX vs TRIFX | |
| Catalyst/CIFC Floating Rate Income Fund | Bank Loan | 62 | 1.06% | — | Dec 2012 | HIIFX vs CFRIX | |
| Catalyst Insider Buying Fund | Large Cap Growth Equities | 11 | 15.45% | — | Jul 2011 | HIIFX vs INSAX | |
| Catalyst Energy Infrastructure Fund | Energy Equities | 21 | 32.37% | — | Dec 2014 | HIIFX vs MLXIX | |
| Catalyst/MAP Global Balanced Fund | Global Allocation | 63 | 6.50% | — | Jul 2011 | HIIFX vs TRXAX | |
| Catalyst Dynamic Alpha Fund | Large Cap Growth Equities | 42 | 22.18% | — | Dec 2011 | HIIFX vs CPEAX |
Often Compared With HIIFX
Investors most often compare HIIFX with VOO, SPY, FLHY. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare HIIFX with Any Fund or Stock
Compare HIIFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HIIFX with funds that move differently
Catalyst/SMH High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HIIFX.
Explore HIIFX Diversifiers