MDHVX Alternatives & Similar Mutual Funds

MainStay MacKay Short Duration High Yield Fund (MDHVX) 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 MDHVX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MDHVX

MDHVX charges 1.10% 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	MDHVX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	MDHVX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	MDHVX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	MDHVX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	MDHVX vs CRDOX

Best Risk-Adjusted Alternatives to MDHVX

MDHVX has a PortfoliosLab risk / return rank of 93. There are 19 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	MDHVX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	MDHVX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	MDHVX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	MDHVX vs CWFIX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	MDHVX vs PSHNX

Top Performing MDHVX Alternatives (YTD)

MDHVX is at 2.11% YTD. There are 56 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.25%.

Symbol	Name	YTD Return	AUM	Inception
FOCIX	Fairholme Focused Income Fund	10.25%	—	Dec 2009	MDHVX vs FOCIX
XILSX	Pioneer ILS Interval Fund	9.42%	—	Dec 2014	MDHVX vs XILSX
FAGIX	Fidelity Capital & Income Fund	6.80%	—	Nov 1977	MDHVX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	6.24%	—	Oct 2018	MDHVX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	6.18%	—	Jul 1995	MDHVX vs FAHCX

Lowest Volatility Alternatives to MDHVX

MDHVX has 1.77% 1-year volatility. There are 5 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.84%.

Symbol	Name	Volatility 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.84%	—	Sep 2010	MDHVX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.85%	—	Mar 2019	MDHVX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.49%	—	Jul 2014	MDHVX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	MDHVX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.69%	—	Aug 2002	MDHVX vs OSTIX

Lowest Drawdown Alternatives to MDHVX

MDHVX has a 1-year max drawdown of -1.06%. There are 3 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
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	MDHVX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	MDHVX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	MDHVX vs XILSX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	MDHVX vs SCFIX
THHYX	Toews Tactical Income Fund	-1.12%	—	Jun 2010	MDHVX vs THHYX

Other Mutual Funds from MainStay

The 6 most viewed MainStay mutual funds shown here include MTFEX, MMHVX, MCYVX and span 4 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MTFEX	MainStay MacKay Strategic Municipal Allocation Fun...	Municipal Bonds	76	1.56%	—	Jun 2019	MDHVX vs MTFEX
MMHVX	MainStay MacKay High Yield Municipal Bond Fund	High Yield Muni	90	3.38%	—	Mar 2010	MDHVX vs MMHVX
MCYVX	MainStay Candriam Emerging Markets Equity Fund	Emerging Markets Diversified	82	22.87%	—	Nov 2017	MDHVX vs MCYVX
MECVX	MainStay Epoch Capital Growth Fund	Global Equities	28	7.43%	—	Jun 2016	MDHVX vs MECVX
MNOVX	MainStay MacKay New York Tax Free Opportunities Fu...	Municipal Bonds	88	2.73%	—	May 2012	MDHVX vs MNOVX
MSCVX	MainStay MacKay California Tax Free Opportunities ...	Municipal Bonds	76	1.95%	—	Feb 2013	MDHVX vs MSCVX

Often Compared With MDHVX

Investors most often compare MDHVX with PRVBX, MNHAX, PIMIX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PRVBX	Permanent Portfolio Versatile Bond Portfolio	Short-Term Bond	79	1.11%	—	Sep 1991	MDHVX vs PRVBX
MNHAX	Manning & Napier High Yield Bond I	High Yield Bonds	78	2.48%	—	Aug 2012	MDHVX vs MNHAX
PIMIX	PIMCO Income Fund Institutional Class	Multisector Bonds	47	0.60%	—	Mar 2007	MDHVX vs PIMIX
PRPFX	Permanent Portfolio Class I	Diversified Portfolio	26	1.68%	—	Dec 1982	MDHVX vs PRPFX
CPMPX	Changing Parameters Fund	High Yield Bonds	82	1.04%	—	Oct 2006	MDHVX vs CPMPX
PRHIX	T. Rowe Price High Yield Fund Class I	High Yield Bonds	69	1.08%	—	Aug 2015	MDHVX vs PRHIX
HIO	Western Asset High Income Opportunity Fund Inc	High Yield Bonds	4	3.96%	—	Jan 2009	MDHVX vs HIO
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	94	3.71%	—	Jun 2019	MDHVX vs FQTIX
ISD	PGIM High Yield Bond Fund	High Yield Bonds	2	-7.78%	—	Apr 2012	MDHVX vs ISD
FGUMX	Fidelity Advisor High Income Fund Class Z	High Yield Bonds	91	3.22%	—	Dec 2018	MDHVX vs FGUMX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	76	2.65%	—	Sep 2013	MDHVX vs RSIIX
LSYAX	Lord Abbett Short Duration High Yield Fund	High Yield Bonds	75	2.16%	—	May 2020	MDHVX vs LSYAX
GUHYX	Victory High Yield Fund	High Yield Bonds	51	1.09%	—	Sep 1998	MDHVX vs GUHYX
TIHYX	TIAA-CREF High Yield Fund	High Yield Bonds	88	2.51%	—	Mar 2006	MDHVX vs TIHYX
AWF	AllianceBernstein Global High Income Closed Fund	High Yield Bonds	3	-0.83%	—	Jul 1993	MDHVX vs AWF
RCRYX	Pioneer Corporate High Yield Fund	High Yield Bonds	58	2.03%	—	Jan 2017	MDHVX vs RCRYX
FHIFX	Fidelity Focused High Income Fund	High Yield Bonds	86	1.69%	—	Sep 2004	MDHVX vs FHIFX
FIJWX	Fidelity Advisor Short Duration High Income Fund C...	High Yield Bonds	95	2.91%	—	Oct 2018	MDHVX vs FIJWX
IHYAX	Voya High Yield Bond Fund	High Yield Bonds	38	1.01%	—	Dec 1998	MDHVX vs IHYAX
PRFRX	T. Rowe Price Floating Rate Fund	High Yield Bonds	91	1.95%	—	Jul 2011	MDHVX vs PRFRX

Compare MDHVX with Any Fund or Stock

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

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Diversifiers

Pair MDHVX with funds that move differently

MainStay MacKay Short Duration High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MDHVX.

Explore MDHVX Diversifiers

MainStay MacKay Short Duration High Yield Fund (MDHVX) Alternatives