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 71 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 | 0.13% | 25.70B | Nov 2001 | MFHIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | MFHIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | 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 73. There are 102 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 | 100 | — | Mar 2019 | MFHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | MFHIX vs RPHIX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | MFHIX vs FSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | MFHIX vs CWFIX |
Top Performing MFHIX Alternatives (YTD)
MFHIX is at 3.04% YTD. There are 24 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 | MFHIX vs FAGIX | |
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | MFHIX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.64% | — | Oct 2018 | MFHIX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.59% | — | Jul 1995 | MFHIX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | MFHIX vs FAHYX |
Lowest Volatility Alternatives to MFHIX
MFHIX has 2.77% 1-year volatility. There are 43 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 | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.88% | — | Mar 2019 | MFHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | MFHIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | MFHIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | MFHIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | MFHIX vs OSTIX |
Lowest Drawdown Alternatives to MFHIX
MFHIX has a 1-year max drawdown of -2.45%. There are 90 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 | MFHIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | MFHIX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | MFHIX vs XILSX | |
| 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 |
Often Compared With MFHIX
Investors most often compare MFHIX with FOCIX, PRFRX, RSIIX. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | High Yield Bonds | 41 | 7.20% | — | Dec 2009 | MFHIX vs FOCIX | |
| T. Rowe Price Floating Rate Fund | High Yield Bonds | 96 | 1.39% | — | Jul 2011 | MFHIX vs PRFRX | |
| RiverPark Strategic Income Fund | High Yield Bonds | 68 | 1.81% | — | Sep 2013 | MFHIX vs RSIIX | |
| American Beacon SiM High Yld Opps Fund | High Yield Bonds | 96 | 2.13% | — | Feb 2011 | MFHIX vs SHYPX | |
| Penn Capital Short Duration High Income Fund | High Yield Bonds | 96 | 1.63% | — | Jul 2017 | MFHIX vs PSHNX | |
| Payden High Income Fund | High Yield Bonds | 95 | 2.36% | — | Dec 1997 | MFHIX vs PYHRX | |
| American Beacon SiM High Yield Opportunities Fund ... | High Yield Bonds | 96 | 2.27% | — | Feb 2011 | MFHIX vs SHOYX |
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