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 | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | MDHVX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | 25.70B | Nov 2001 | MDHVX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | MDHVX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | Dec 1978 | MDHVX vs VWEHX | |
| 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 33 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 | MDHVX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | MDHVX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | MDHVX vs RPHIX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | MDHVX vs FSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | MDHVX vs CWFIX |
Top Performing MDHVX Alternatives (YTD)
MDHVX is at 1.75% YTD. There are 82 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.43% | — | Nov 1977 | MDHVX vs FAGIX | |
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | MDHVX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.64% | — | Oct 2018 | MDHVX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.59% | — | Jul 1995 | MDHVX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | MDHVX vs FAHYX |
Lowest Volatility Alternatives to MDHVX
MDHVX has 1.79% 1-year volatility. There are 5 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | MDHVX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.88% | — | Mar 2019 | MDHVX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | MDHVX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | MDHVX vs SCFIX | |
| 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | MDHVX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | MDHVX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | MDHVX vs XILSX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | MDHVX vs SCFIX | |
| 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 | |
|---|---|---|---|---|---|---|---|
| MainStay MacKay Strategic Municipal Allocation Fun... | Municipal Bonds | 73 | 1.60% | — | Jun 2019 | MDHVX vs MTFEX | |
| MainStay MacKay High Yield Municipal Bond Fund | High Yield Muni | 73 | 2.88% | — | Mar 2010 | MDHVX vs MMHVX | |
| MainStay Candriam Emerging Markets Equity Fund | Emerging Markets Diversified | 93 | 33.97% | — | Nov 2017 | MDHVX vs MCYVX | |
| MainStay Epoch Capital Growth Fund | Global Equities | 26 | 6.97% | — | Jun 2016 | MDHVX vs MECVX | |
| MainStay MacKay California Tax Free Opportunities ... | Municipal Bonds | 69 | 1.78% | — | Feb 2013 | MDHVX vs MSCVX | |
| MainStay MacKay New York Tax Free Opportunities Fu... | Municipal Bonds | 76 | 2.53% | — | May 2012 | MDHVX vs MNOVX |
Often Compared With MDHVX
Investors most often compare MDHVX with PRVBX, MNHAX, PRPFX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare MDHVX with Any Fund or Stock
Compare MDHVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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