IHYAX Alternatives & Similar Mutual Funds

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 152 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	IHYAX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	IHYAX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	IHYAX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	IHYAX vs VWEHX
CRDOX	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 26. There are 170 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
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	IHYAX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	100	—	Jun 2019	IHYAX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	99	—	Sep 2010	IHYAX vs RPHIX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	IHYAX vs PSHNX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	IHYAX vs CWFIX

Top Performing IHYAX Alternatives (YTD)

IHYAX is at 0.43% YTD. There are 167 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.56%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	10.56%	—	Dec 2014	IHYAX vs XILSX
FOCIX	Fairholme Focused Income Fund	10.04%	—	Dec 2009	IHYAX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	5.94%	—	Nov 1977	IHYAX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	5.45%	—	Oct 2018	IHYAX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	5.40%	—	Jul 1995	IHYAX vs FAHCX

Lowest Volatility Alternatives to IHYAX

IHYAX has 3.58% 1-year volatility. There are 146 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
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	0.85%	—	Jun 2019	IHYAX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.86%	—	Sep 2010	IHYAX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	IHYAX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.69%	—	Oct 2012	IHYAX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.77%	—	Aug 2002	IHYAX vs OSTIX

Lowest Drawdown Alternatives to IHYAX

IHYAX has a 1-year max drawdown of -2.59%. There are 121 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
XILSX	Pioneer ILS Interval Fund	-0.10%	—	Dec 2014	IHYAX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	-0.19%	—	Jun 2019	IHYAX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	-0.21%	—	Sep 2010	IHYAX vs RPHIX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	IHYAX vs MDHVX
SCFIX	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 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
LEXCX	Voya Corporate Leaders Trust Fund	Large Cap Value Equities	94	29.15%	—	Nov 1935	IHYAX vs LEXCX
IRLNX	Voya Russell Large Cap Growth Index Portfolio	Large Cap Growth Equities	12	0.42%	—	May 2009	IHYAX vs IRLNX
IEDAX	Voya Large Cap Value Fund	Large Cap Value Equities	63	12.29%	—	Dec 2007	IHYAX vs IEDAX
IIBAX	Voya Intermediate Bond Fund	Intermediate Core-Plus Bond	9	-0.94%	—	Dec 1998	IHYAX vs IIBAX
IIRLX	Voya Russell Large Cap Index Portfolio	Large Cap Blend Equities	50	8.74%	—	Mar 2008	IHYAX vs IIRLX
IMCDX	Voya Emerging Markets Corporate Debt Fund	Emerging Markets Bonds	—	—	—	Aug 2012	IHYAX vs IMCDX
ATLAX	Atlas U.S. Tactical Income Fund	Diversified Portfolio	28	-0.21%	—	Sep 2015	IHYAX vs ATLAX
IFTIX	Voya International High Dividend Low Volatility Po...	Foreign Large Cap Equities, Low Volatility	88	14.35%	—	Jan 2006	IHYAX vs IFTIX
IPHYX	Voya High Yield Portfolio	High Yield Bonds	31	0.59%	—	May 2004	IHYAX vs IPHYX
IRVIX	Voya Russell Large Cap Value Index Portfolio	Large Cap Value Equities	97	20.88%	—	May 2009	IHYAX vs IRVIX

Often Compared With IHYAX

Investors most often compare IHYAX with FXAIX, IEOSX, FQTIX. These 19 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FXAIX	Fidelity 500 Index Fund	S&P 500	59	10.13%	—	Feb 1988	IHYAX vs FXAIX
IEOSX	Voya Large Cap Growth Portfolio	Large Cap Growth Equities	11	2.75%	—	May 2004	IHYAX vs IEOSX
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	92	3.02%	—	Jun 2019	IHYAX vs FQTIX
VT	Vanguard Total World Stock ETF	Global Equities	77	12.40%	97.00B	Jun 2008	IHYAX vs VT
INGIX	Voya U.S. Stock Index Portfolio	Large Cap Blend Equities	43	10.25%	—	May 2004	IHYAX vs INGIX
VYMSX	Voya Mid Cap Research Enhanced Index Fund	Mid Cap Blend Equities	54	16.83%	—	Feb 1998	IHYAX vs VYMSX
JGH	Nuveen Global High Income Fund	High Yield Bonds	11	5.36%	—	Nov 2014	IHYAX vs JGH
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	74	1.69%	—	Apr 2014	IHYAX vs PRCPX
THHYX	Toews Tactical Income Fund	High Yield Bonds	22	-0.03%	—	Jun 2010	IHYAX vs THHYX
CPMPX	Changing Parameters Fund	High Yield Bonds	74	0.76%	—	Oct 2006	IHYAX vs CPMPX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	65	2.20%	—	Sep 2013	IHYAX vs RSIIX
RCRYX	Pioneer Corporate High Yield Fund	High Yield Bonds	58	2.27%	—	Jan 2017	IHYAX vs RCRYX
SPY	State Street SPDR S&P 500 ETF	S&P 500	78	11.70%	789.06B	Jan 1993	IHYAX vs SPY
PRFRX	T. Rowe Price Floating Rate Fund - Investor Class	High Yield Bonds	89	1.84%	—	Jul 2011	IHYAX vs PRFRX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	High Yield Bonds	63	5.25%	—	Jan 1987	IHYAX vs FAHYX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	95	1.75%	—	Feb 2011	IHYAX vs SHYPX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	95	1.82%	—	Feb 2011	IHYAX vs SHOYX
FSHNX	Fidelity Series High Income Fund	High Yield Bonds	92	2.49%	—	Mar 2011	IHYAX vs FSHNX
ICMUX	Intrepid Income Fund	Multisector Bonds, High Yield Bonds, Actively Managed	96	2.16%	—	Aug 2010	IHYAX vs ICMUX

Compare IHYAX with Any Fund or Stock

Compare IHYAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

Voya High Yield Bond Fund (IHYAX) Alternatives