MetLife Opportunistic High Yield Fund Institutional Class (MFHIX) 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 MFHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MFHIX
MFHIX charges 0.75% annually. There are 72 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 | MFHIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | MFHIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | MFHIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | MFHIX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | MFHIX vs CRDOX |
Best Risk-Adjusted Alternatives to MFHIX
MFHIX has a PortfoliosLab risk / return rank of 74. There are 74 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 | MFHIX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | MFHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | MFHIX vs RPHIX | |
| Intrepid Income Fund | 97 | — | Aug 2010 | MFHIX vs ICMUX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | MFHIX vs PSHNX |
Top Performing MFHIX Alternatives (YTD)
MFHIX is at 4.19% YTD. There are 10 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.04% | — | Dec 2014 | MFHIX vs XILSX | |
| Fairholme Focused Income Fund | 9.48% | — | Dec 2009 | MFHIX vs FOCIX | |
| Fidelity Capital & Income Fund | 5.47% | — | Nov 1977 | MFHIX vs FAGIX | |
| Nuveen Global High Income Fund | 5.11% | — | Nov 2014 | MFHIX vs JGH | |
| Fidelity Advisor High Income Advantage Fund Class ... | 4.93% | — | Oct 2018 | MFHIX vs FIQTX |
Lowest Volatility Alternatives to MFHIX
MFHIX has 2.73% 1-year volatility. There are 39 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.83% | — | Sep 2010 | MFHIX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | MFHIX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | MFHIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | MFHIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | MFHIX vs OSTIX |
Lowest Drawdown Alternatives to MFHIX
MFHIX has a 1-year max drawdown of -2.45%. There are 91 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10% | — | Dec 2014 | MFHIX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | MFHIX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | MFHIX vs CCLFX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | MFHIX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | MFHIX vs SCFIX |
Other Mutual Funds from MetLife
The 3 most viewed MetLife mutual funds shown here include MFHVX, LPCIX, MSVVX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MetLife Opportunistic High Yield Fund | High Yield Bonds | 73 | 4.04% | — | Dec 2018 | MFHIX vs MFHVX | |
| MetLife Core Plus Fund | Intermediate Core-Plus Bond | 18 | -0.46% | — | Dec 2014 | MFHIX vs LPCIX | |
| MetLife Small Company Equity Fund | Small Cap Blend Equities | 31 | 9.96% | — | Dec 2018 | MFHIX vs MSVVX |
Often Compared With MFHIX
Investors most often compare MFHIX with FAHCX, SHYPX, PRFRX. These 8 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor High Income Advantage Fund Class ... | High Yield Bonds | 71 | 4.88% | — | Jul 1995 | MFHIX vs FAHCX | |
| American Beacon SiM High Yld Opps Fund | High Yield Bonds | 96 | 1.75% | — | Feb 2011 | MFHIX vs SHYPX | |
| T. Rowe Price Floating Rate Fund - Investor Class | High Yield Bonds | 90 | 1.84% | — | Jul 2011 | MFHIX vs PRFRX | |
| RiverPark Strategic Income Fund | High Yield Bonds | 69 | 2.32% | — | Sep 2013 | MFHIX vs RSIIX | |
| Payden High Income Fund | High Yield Bonds | 94 | 2.35% | — | Dec 1997 | MFHIX vs PYHRX | |
| Fidelity Series High Income Fund | High Yield Bonds | 95 | 2.61% | — | Mar 2011 | MFHIX vs FSHNX | |
| American Beacon SiM High Yield Opportunities Fund ... | High Yield Bonds | 96 | 1.93% | — | Feb 2011 | MFHIX vs SHOYX | |
| Fidelity Advisor High Income Advantage Fund Class ... | High Yield Bonds | 67 | 4.77% | — | Jan 1987 | MFHIX vs FAHYX |
Compare MFHIX with Any Fund or Stock
Compare MFHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MFHIX with funds that move differently
MetLife Opportunistic High Yield Fund Institutional Class alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MFHIX.
Explore MFHIX Diversifiers