iMGP High Income Alternatives Fund (MAHIX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MAHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MAHIX
MAHIX charges 0.98% annually. There are 35 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | MAHIX vs GMODX | |
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | MAHIX vs PMOTX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | MAHIX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | MAHIX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | MAHIX vs FPFIX |
Best Risk-Adjusted Alternatives to MAHIX
MAHIX has a PortfoliosLab risk / return rank of 95. There are 9 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 100 | — | Jul 2021 | MAHIX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | MAHIX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | MAHIX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | MAHIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | MAHIX vs APFPX |
Top Performing MAHIX Alternatives (YTD)
MAHIX is at 2.21% YTD. There are 11 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.64% | — | Aug 2010 | MAHIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | MAHIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | MAHIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.21% | — | Mar 2022 | MAHIX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.46% | — | Jul 2021 | MAHIX vs CELFX |
Lowest Volatility Alternatives to MAHIX
MAHIX has 2.09% 1-year volatility. There are 15 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.85% | — | Jul 2021 | MAHIX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.00% | — | Dec 2004 | MAHIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | MAHIX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.32% | — | Oct 2011 | MAHIX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | MAHIX vs BGCIX |
Lowest Drawdown Alternatives to MAHIX
MAHIX has a 1-year max drawdown of -1.71%. There are 24 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | MAHIX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | MAHIX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | MAHIX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | MAHIX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | MAHIX vs GMODX |
Other Mutual Funds from iMGP
The 4 most viewed iMGP mutual funds shown here include IDMIX, MSILX, PFSVX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iMGP Dolan McEniry Corporate Bond Fund | Corporate Bonds | 34 | -0.45% | — | Sep 2018 | MAHIX vs IDMIX | |
| iMGP International Fund | Foreign Large Cap Equities | 32 | 7.93% | — | Dec 1997 | MAHIX vs MSILX | |
| iMGP SBH Focused Small Value Fund | Small Cap Value Equities | 20 | 11.34% | — | Jul 2020 | MAHIX vs PFSVX | |
| iMGP Equity Fund | Large Cap Blend Equities | 8 | 1.53% | — | Dec 1996 | MAHIX vs MSEFX |
Often Compared With MAHIX
Investors most often compare MAHIX with AFLIX, PADZX, TTRZX. These 9 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Anfield Universal Fixed Income Fund | Nontraditional Bonds | 95 | 1.49% | — | Jun 2013 | MAHIX vs AFLIX | |
| PGIM Absolute Return Bond Fund | Nontraditional Bonds | 97 | 2.45% | — | Mar 2011 | MAHIX vs PADZX | |
| Templeton Global Total Return Fund | Nontraditional Bonds | 47 | 4.29% | — | Sep 2008 | MAHIX vs TTRZX | |
| Toews Unconstrained Income Fund | Nontraditional Bonds | 40 | 0.17% | — | Aug 2013 | MAHIX vs TUIFX | |
| DoubleLine Flexible Income Fund | Nontraditional Bonds | 98 | 1.97% | — | Apr 2014 | MAHIX vs DFLEX | |
| T. Rowe Price Dynamic Credit Fund | Nontraditional Bonds | 21 | 0.15% | — | Jan 2019 | MAHIX vs RPIDX | |
| Wavelength Fund | Nontraditional Bonds | 63 | 1.96% | — | Sep 2013 | MAHIX vs WAVLX | |
| Anchor Risk Managed Income Strategies Fund | Nontraditional Bonds | 10 | -0.58% | — | Sep 2015 | MAHIX vs ATCSX | |
| T. Rowe Price Dynamic Global Bond Fund | Nontraditional Bonds | 19 | 3.33% | — | Jan 2015 | MAHIX vs RPIEX |
Compare MAHIX with Any Fund or Stock
Compare MAHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MAHIX with funds that move differently
iMGP High Income Alternatives Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MAHIX.
Explore MAHIX Diversifiers