MainStay MacKay Short Duration High Yield Fund (MDHVX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to MDHVX
MDHVX charges 1.10% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among MDHVX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | Dec 24, 2008 | MDHVX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | Nov 12, 2001 | MDHVX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | Dec 26, 2017 | MDHVX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | Dec 27, 1978 | MDHVX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | Nov 22, 2020 | MDHVX vs CRDOX |
Best Risk-Adjusted Alternatives to MDHVX
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 | MDHVX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | Mar 6, 2019 | MDHVX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | Sep 30, 2010 | MDHVX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 99 | Jul 29, 2011 | MDHVX vs PRFRX | |
| T. Rowe Price Credit Opportunities Fund | 98 | Apr 29, 2014 | MDHVX vs PRCPX |
Top Performing MDHVX Alternatives (YTD)
MDHVX alternatives from the High Yield Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Fairholme Focused Income Fund | 6.93% | Dec 31, 2009 | MDHVX vs FOCIX | |
| Pioneer ILS Interval Fund | 5.18% | Dec 16, 2014 | MDHVX vs XILSX | |
| RiverPark Short Term High Yield Fund | 1.02% | Sep 30, 2010 | MDHVX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.96% | Mar 6, 2019 | MDHVX vs CCLFX | |
| Franklin Templeton SMACS: Series I | 0.52% | Jun 3, 2019 | MDHVX vs FQTIX |
Lowest Volatility Alternatives to MDHVX
MDHVX alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.97% | Sep 30, 2010 | MDHVX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.97% | Mar 6, 2019 | MDHVX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.71% | Jul 15, 2014 | MDHVX vs CWFIX | |
| Changing Parameters Fund | 1.90% | Oct 2, 2006 | MDHVX vs CPMPX | |
| Shenkman Capital Short Duration High Income Fund | 1.96% | Oct 31, 2012 | MDHVX vs SCFIX |
Lowest Drawdown Alternatives to MDHVX
MDHVX 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 | MDHVX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.41% | Sep 30, 2010 | MDHVX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.46% | Mar 6, 2019 | MDHVX vs CCLFX | |
| Toews Tactical Income Fund | -1.12% | Jun 4, 2010 | MDHVX vs THHYX | |
| Changing Parameters Fund | -1.31% | Oct 2, 2006 | MDHVX vs CPMPX |
Other Mutual Funds from MainStay
Most popular MainStay mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| MainStay MacKay Strategic Municipal Allocation Fun... | Municipal Bonds | 62 | -0.52% | Jun 27, 2019 | MDHVX vs MTFEX | |
| MainStay MacKay High Yield Municipal Bond Fund | High Yield Muni | 25 | -0.65% | Mar 30, 2010 | MDHVX vs MMHVX | |
| MainStay Epoch Capital Growth Fund | Global Equities | 24 | -5.60% | Jun 29, 2016 | MDHVX vs MECVX | |
| MainStay MacKay California Tax Free Opportunities ... | Municipal Bonds | 33 | -0.63% | Feb 27, 2013 | MDHVX vs MSCVX | |
| MainStay Candriam Emerging Markets Equity Fund | Emerging Markets Diversified | 89 | 3.57% | Nov 14, 2017 | MDHVX vs MCYVX | |
| MainStay MacKay New York Tax Free Opportunities Fu... | Municipal Bonds | 36 | -0.55% | May 13, 2012 | MDHVX vs MNOVX |
Often Compared With MDHVX
What investors most often compare with MDHVX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Permanent Portfolio Versatile Bond Portfolio | Short-Term Bond | 93 | -0.17% | Sep 27, 1991 | MDHVX vs PRVBX | |
| Manning & Napier High Yield Bond I | High Yield Bonds | 53 | -1.67% | Aug 1, 2012 | MDHVX vs MNHAX | |
| PIMCO Income Fund Institutional Class | Total Bond Market | 81 | -1.36% | Mar 30, 2007 | MDHVX vs PIMIX | |
| Permanent Portfolio Permanent Portfolio | Diversified Portfolio | 91 | 2.72% | Nov 30, 1982 | MDHVX vs PRPFX | |
| RiverPark Strategic Income Fund | High Yield Bonds | 96 | 0.36% | Sep 30, 2013 | MDHVX vs RSIIX |
Compare MDHVX with Any Fund or Stock
Compare MDHVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.