Hotchkis & Wiley High Yield Fund (HWHIX) 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 HWHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HWHIX
HWHIX charges 0.70% annually. There are 55 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 | HWHIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | HWHIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | HWHIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | HWHIX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | HWHIX vs CRDOX |
Best Risk-Adjusted Alternatives to HWHIX
HWHIX has a PortfoliosLab risk / return rank of 36. There are 150 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 | HWHIX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | HWHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | — | Sep 2010 | HWHIX vs RPHIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | HWHIX vs PSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | HWHIX vs CWFIX |
Top Performing HWHIX Alternatives (YTD)
HWHIX is at 1.32% YTD. There are 87 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 | HWHIX vs XILSX | |
| Fairholme Focused Income Fund | 10.04% | — | Dec 2009 | HWHIX vs FOCIX | |
| Fidelity Capital & Income Fund | 5.94% | — | Nov 1977 | HWHIX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 5.45% | — | Oct 2018 | HWHIX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 5.40% | — | Jul 1995 | HWHIX vs FAHCX |
Lowest Volatility Alternatives to HWHIX
HWHIX has 3.49% 1-year volatility. There are 135 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 | HWHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.86% | — | Sep 2010 | HWHIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | HWHIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.69% | — | Oct 2012 | HWHIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | HWHIX vs OSTIX |
Lowest Drawdown Alternatives to HWHIX
HWHIX has a 1-year max drawdown of -2.64%. There are 126 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 | HWHIX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | HWHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | -0.21% | — | Sep 2010 | HWHIX vs RPHIX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | HWHIX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | HWHIX vs SCFIX |
Other Mutual Funds from Hotchkis & Wiley
The 10 most viewed Hotchkis & Wiley mutual funds shown here include HWAIX, HWVIX, HWMIX and span 6 categories.
Often Compared With HWHIX
Investors most often compare HWHIX with PTRB, HYG, PTRQX. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare HWHIX with Any Fund or Stock
Compare HWHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HWHIX with funds that move differently
Hotchkis & Wiley High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HWHIX.
Explore HWHIX Diversifiers