Western Asset High Yield Opportunity Fund Inc (HYI) Alternatives
Western Asset High Yield Opportunity Fund Inc (HYI) 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 HYI. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to HYI
HYI charges 0.02% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among HYI alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset High Income Opportunity Fund Inc | 0.02% | Jan 1, 2009 | HYI vs HIO | |
| Western Asset Global High Income Fund Inc | 0.02% | Jan 1, 2010 | HYI vs EHI | |
| Nuveen Floating Rate Income Fund | 0.02% | Mar 24, 2004 | HYI vs JFR | |
| PGIM High Yield Bond Fund | 0.02% | Apr 30, 2012 | HYI vs ISD | |
| First Trust High Yield Opportunities 2027 Term Fun... | 0.02% | Jun 25, 2020 | HYI vs FTHY |
Best Risk-Adjusted Alternatives to HYI
Among mutual funds in the High Yield Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | Dec 16, 2014 | HYI vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | Mar 6, 2019 | HYI vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | Sep 30, 2010 | HYI vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 99 | Jul 29, 2011 | HYI vs PRFRX | |
| T. Rowe Price Credit Opportunities Fund | 98 | Apr 29, 2014 | HYI vs PRCPX |
Top Performing HYI Alternatives (YTD)
HYI alternatives from the High Yield Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Fairholme Focused Income Fund | 6.09% | Dec 31, 2009 | HYI vs FOCIX | |
| Pioneer ILS Interval Fund | 6.00% | Dec 16, 2014 | HYI vs XILSX | |
| RiverNorth Capital and Income Fund | 5.09% | — | HYI vs RSF | |
| Franklin Templeton SMACS: Series I | 1.02% | Jun 3, 2019 | HYI vs FQTIX | |
| Cliffwater Corporate Lending Fund | 0.96% | Mar 6, 2019 | HYI vs CCLFX |
Lowest Volatility Alternatives to HYI
HYI alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.97% | Mar 6, 2019 | HYI vs CCLFX | |
| RiverPark Short Term High Yield Fund | 1.02% | Sep 30, 2010 | HYI vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.74% | Jul 15, 2014 | HYI vs CWFIX | |
| Changing Parameters Fund | 1.90% | Oct 2, 2006 | HYI vs CPMPX | |
| Shenkman Capital Short Duration High Income Fund | 1.96% | Oct 31, 2012 | HYI vs SCFIX |
Lowest Drawdown Alternatives to HYI
HYI alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.21% | Dec 16, 2014 | HYI vs XILSX | |
| Cliffwater Corporate Lending Fund | -0.38% | Mar 6, 2019 | HYI vs CCLFX | |
| RiverPark Short Term High Yield Fund | -0.41% | Sep 30, 2010 | HYI vs RPHIX | |
| Toews Tactical Income Fund | -1.12% | Jun 4, 2010 | HYI vs THHYX | |
| Changing Parameters Fund | -1.31% | Oct 2, 2006 | HYI vs CPMPX |
Other Mutual Funds from Franklin Templeton
Most popular Franklin Templeton mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities | 31 | -10.96% | Jan 2, 1968 | HYI vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Precious Metals | 95 | 5.72% | May 18, 1969 | HYI vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 85 | 2.96% | — | HYI vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 45 | -5.57% | Apr 1, 1948 | HYI vs FKGRX | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 36 | -2.58% | Jan 14, 1987 | HYI vs FRDPX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 24 | 16.71% | Jun 10, 2011 | HYI vs EMO | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 11 | -9.62% | Aug 29, 1997 | HYI vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 26 | -7.17% | Oct 24, 1983 | HYI vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 87 | 3.03% | Aug 28, 1997 | HYI vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 48 | -3.71% | Mar 10, 1970 | HYI vs SHAPX |
Often Compared With HYI
What investors most often compare with HYI, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| PGIM Global High Yield Fund | High Yield Bonds | 2 | -3.73% | Dec 26, 2012 | HYI vs GHY | |
| Dimensional High Yield Fund | High Yield Bonds | 7 | -1.83% | Jan 1, 2013 | HYI vs DHF | |
| RiverPark Strategic Income Fund | High Yield Bonds | 95 | 0.36% | Sep 30, 2013 | HYI vs RSIIX | |
| PGIM Short Duration High Yield Opportunities Fund | High Yield Bonds | 12 | -1.39% | — | HYI vs SDHY |
Compare HYI with Any Fund or Stock
Compare HYI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.