MFHVX Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to MFHVX

MFHVX charges 1.43% annually. There are 158 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	MFHVX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	MFHVX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	MFHVX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	MFHVX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	MFHVX vs CRDOX

Best Risk-Adjusted Alternatives to MFHVX

MFHVX has a PortfoliosLab risk / return rank of 66. There are 119 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	MFHVX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	MFHVX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	MFHVX vs RPHIX
PRFRX	T. Rowe Price Floating Rate Fund	97	—	Jul 2011	MFHVX vs PRFRX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	97	—	Feb 2011	MFHVX vs SHOYX

Top Performing MFHVX Alternatives (YTD)

MFHVX is at 3.20% YTD. There are 15 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.49%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	8.49%	—	Dec 2014	MFHVX vs XILSX
FAGIX	Fidelity Capital & Income Fund	7.39%	—	Nov 1977	MFHVX vs FAGIX
FOCIX	Fairholme Focused Income Fund	7.06%	—	Dec 2009	MFHVX vs FOCIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	6.77%	—	Oct 2018	MFHVX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	6.64%	—	Jul 1995	MFHVX vs FAHCX

Lowest Volatility Alternatives to MFHVX

MFHVX has 2.75% 1-year volatility. There are 36 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
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	MFHVX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	MFHVX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.50%	—	Jul 2014	MFHVX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	MFHVX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.69%	—	Aug 2002	MFHVX vs OSTIX

Lowest Drawdown Alternatives to MFHVX

MFHVX has a 1-year max drawdown of -2.43%. There are 86 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	MFHVX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	MFHVX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	MFHVX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	MFHVX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	MFHVX vs SCFIX

Other Mutual Funds from Mesirow

The 1 most viewed Mesirow mutual funds shown here include MSVVX and span 1 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MSVVX	Mesirow Small Company Sustainability Fund	Small Cap Blend Equities	24	8.37%	—	Dec 2018	MFHVX vs MSVVX

Often Compared With MFHVX

Investors most often compare MFHVX with EQTIX, AXSIX, PHYSX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EQTIX	Shelton Equity Income Fund	Derivative Income	42	7.58%	—	Sep 1996	MFHVX vs EQTIX
AXSIX	Axonic Strategic Income Fund	Multisector Bonds	92	2.06%	—	Dec 2019	MFHVX vs AXSIX
PHYSX	PIA High Yield Fund	High Yield Bonds	12	1.34%	—	Dec 2010	MFHVX vs PHYSX
FFRHX	Fidelity Floating Rate High Income Fund	Bank Loan	92	1.37%	—	Aug 2000	MFHVX vs FFRHX
SPY	State Street SPDR S&P 500 ETF	S&P 500	63	8.25%	765.27B	Jan 1993	MFHVX vs SPY
AGEPX	American Beacon Frontier Markets Income Fund	Emerging Markets Bonds	98	7.31%	—	Feb 2014	MFHVX vs AGEPX
EEIIX	Eaton Vance Emerging Markets Local Income Fund Cla...	Emerging Markets Bonds	63	4.15%	—	Nov 2009	MFHVX vs EEIIX
EEIAX	Eaton Vance Emerging Markets Local Income Fund	Emerging Markets Bonds	59	4.01%	—	Jun 2007	MFHVX vs EEIAX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	61	1.15%	—	Dec 2005	MFHVX vs SGYAX
GABEX	Gabelli Equity Income Fund	Large Cap Blend Equities	7	7.96%	—	Jan 1992	MFHVX vs GABEX
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	94	3.68%	—	Jun 2019	MFHVX vs FQTIX
THHYX	Toews Tactical Income Fund	High Yield Bonds	34	0.38%	—	Jun 2010	MFHVX vs THHYX
CPMPX	Changing Parameters Fund	High Yield Bonds	83	0.85%	—	Oct 2006	MFHVX vs CPMPX
JGH	Nuveen Global High Income Fund	High Yield Bonds	17	5.08%	—	Nov 2014	MFHVX vs JGH
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	69	1.81%	—	Sep 2013	MFHVX vs RSIIX
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	95	1.87%	—	Apr 2014	MFHVX vs PRCPX
RCRYX	Pioneer Corporate High Yield Fund	High Yield Bonds	56	1.56%	—	Jan 2017	MFHVX vs RCRYX
PRHYX	T. Rowe Price High Yield Fund	High Yield Bonds	74	1.22%	—	Dec 1984	MFHVX vs PRHYX
PSHNX	Penn Capital Short Duration High Income Fund	High Yield Bonds	96	1.84%	—	Jul 2017	MFHVX vs PSHNX
FSHNX	Fidelity Series High Income Fund	High Yield Bonds	95	2.99%	—	Mar 2011	MFHVX vs FSHNX

Compare MFHVX with Any Fund or Stock

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

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Diversifiers

Pair MFHVX with funds that move differently

Mesirow High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MFHVX.

Explore MFHVX Diversifiers

Mesirow High Yield Fund (MFHVX) Alternatives