Voya High Yield Bond Fund (IHYAX) 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 IHYAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IHYAX
IHYAX charges 1.04% annually. There are 149 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 | IHYAX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | IHYAX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | IHYAX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | IHYAX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | IHYAX vs CRDOX |
Best Risk-Adjusted Alternatives to IHYAX
IHYAX has a PortfoliosLab risk / return rank of 38. There are 165 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 | IHYAX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | IHYAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | IHYAX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 97 | — | Jul 2011 | IHYAX vs PRFRX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | IHYAX vs CWFIX |
Top Performing IHYAX Alternatives (YTD)
IHYAX is at 1.16% YTD. There are 165 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.01%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.01% | — | Dec 2014 | IHYAX vs XILSX | |
| Fairholme Focused Income Fund | 8.58% | — | Dec 2009 | IHYAX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.46% | — | Nov 1977 | IHYAX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.84% | — | Oct 2018 | IHYAX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.79% | — | Jul 1995 | IHYAX vs FAHCX |
Lowest Volatility Alternatives to IHYAX
IHYAX has 3.55% 1-year volatility. There are 143 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.85% | — | Sep 2010 | IHYAX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | IHYAX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | IHYAX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | IHYAX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | IHYAX vs OSTIX |
Lowest Drawdown Alternatives to IHYAX
IHYAX has a 1-year max drawdown of -2.59%. There are 119 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 | IHYAX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | IHYAX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | IHYAX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | IHYAX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | IHYAX vs SCFIX |
Other Mutual Funds from Voya
The 10 most viewed Voya mutual funds shown here include LEXCX, IRLNX, IEDAX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | Large Cap Value Equities | 68 | 23.42% | — | Nov 1935 | IHYAX vs LEXCX | |
| Voya Russell Large Cap Growth Index Portfolio | Large Cap Growth Equities | 22 | 4.94% | — | May 2009 | IHYAX vs IRLNX | |
| Voya Large Cap Value Fund | Large Cap Value Equities | 45 | 11.16% | — | Dec 2007 | IHYAX vs IEDAX | |
| Voya Intermediate Bond Fund | Intermediate Core-Plus Bond | 14 | 0.21% | — | Dec 1998 | IHYAX vs IIBAX | |
| Atlas U.S. Tactical Income Fund | Diversified Portfolio | 39 | 1.19% | — | Sep 2015 | IHYAX vs ATLAX | |
| Voya Russell Large Cap Index Portfolio | Large Cap Blend Equities | 60 | 9.79% | — | Mar 2008 | IHYAX vs IIRLX | |
| Voya International High Dividend Low Volatility Po... | Foreign Large Cap Equities | 58 | 9.76% | — | Jan 2006 | IHYAX vs IFTIX | |
| Voya Emerging Markets Corporate Debt Fund | Emerging Markets Bonds | — | — | — | Aug 2012 | IHYAX vs IMCDX | |
| Voya High Yield Portfolio | High Yield Bonds | 47 | 1.40% | — | May 2004 | IHYAX vs IPHYX | |
| Voya Russell Large Cap Value Index Portfolio | Large Cap Value Equities | 94 | 17.94% | — | May 2009 | IHYAX vs IRVIX |
Often Compared With IHYAX
Investors most often compare IHYAX with FXAIX, IEOSX, VT. These 18 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare IHYAX with Any Fund or Stock
Compare IHYAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IHYAX with funds that move differently
Voya High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IHYAX.
Explore IHYAX Diversifiers