MGHYX Alternatives & Similar Mutual Funds

DWS Global High Income Fund (MGHYX) 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 MGHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MGHYX

MGHYX charges 0.60% annually. There are 29 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	MGHYX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	MGHYX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	MGHYX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	MGHYX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	MGHYX vs CRDOX

Best Risk-Adjusted Alternatives to MGHYX

MGHYX has a PortfoliosLab risk / return rank of 72. There are 61 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	MGHYX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	100	—	Jun 2019	MGHYX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	99	—	Sep 2010	MGHYX vs RPHIX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	MGHYX vs PSHNX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	MGHYX vs CWFIX

Top Performing MGHYX Alternatives (YTD)

MGHYX is at 1.76% YTD. There are 60 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.56%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	10.56%	—	Dec 2014	MGHYX vs XILSX
FOCIX	Fairholme Focused Income Fund	10.04%	—	Dec 2009	MGHYX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	5.94%	—	Nov 1977	MGHYX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	5.45%	—	Oct 2018	MGHYX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	5.40%	—	Jul 1995	MGHYX vs FAHCX

Lowest Volatility Alternatives to MGHYX

MGHYX has 3.13% 1-year volatility. There are 83 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.85%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	0.85%	—	Jun 2019	MGHYX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.86%	—	Sep 2010	MGHYX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	MGHYX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.69%	—	Oct 2012	MGHYX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.77%	—	Aug 2002	MGHYX vs OSTIX

Lowest Drawdown Alternatives to MGHYX

MGHYX has a 1-year max drawdown of -2.69%. There are 134 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
XILSX	Pioneer ILS Interval Fund	-0.10%	—	Dec 2014	MGHYX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	-0.19%	—	Jun 2019	MGHYX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	-0.21%	—	Sep 2010	MGHYX vs RPHIX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	MGHYX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	MGHYX vs SCFIX

Other Mutual Funds from DWS

The 10 most viewed DWS mutual funds shown here include AAAAX, KTCAX, SCDGX and span 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AAAAX	DWS RREEF Real Assets Fund - Class A	Diversified Portfolio	74	10.46%	—	Jul 2007	MGHYX vs AAAAX
KTCAX	DWS Science and Technology Fund	Technology Equities	27	14.14%	—	Sep 1948	MGHYX vs KTCAX
SCDGX	DWS Core Equity Fund	Large Cap Blend Equities	58	11.02%	—	May 1929	MGHYX vs SCDGX
AAAZX	DWS RREEF Real Assets Fund	Global Allocation	76	10.65%	—	Jul 2007	MGHYX vs AAAZX
SEMGX	DWS Emerging Markets Equity Fund	Emerging Markets Equities	56	21.67%	—	May 1996	MGHYX vs SEMGX
SCPIX	DWS S&P 500 Index Fund	S&P 500	54	9.67%	—	Aug 1997	MGHYX vs SCPIX
SCOBX	DWS International Growth Fund	Foreign Large Cap Equities	23	6.88%	—	Jul 1986	MGHYX vs SCOBX
SCGSX	DWS Capital Growth Fund	Large Cap Growth Equities	6	1.46%	—	Jul 2000	MGHYX vs SCGSX
BTIIX	DWS Equity 500 Index Fund	Large Cap Blend Equities	57	9.95%	—	Dec 1992	MGHYX vs BTIIX
KDHAX	DWS CROCI Equity Dividend Fd	Large Cap Value Equities	63	17.51%	—	Mar 1988	MGHYX vs KDHAX

Often Compared With MGHYX

Investors most often compare MGHYX with NHS, CBFSX, FFRHX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NHS	Neuberger Berman High Yield Strategies Fund	High Yield Bonds	2	-10.67%	—	Jul 2003	MGHYX vs NHS
CBFSX	JPMorgan Corporate Bond Fund	Corporate Bonds	8	-1.70%	—	Mar 2013	MGHYX vs CBFSX
FFRHX	Fidelity Floating Rate High Income Fund	Bank Loan	93	2.14%	—	Aug 2000	MGHYX vs FFRHX
SCINX	DWS CROCI International Fund	Foreign Large Cap Equities	87	15.08%	—	Jun 1953	MGHYX vs SCINX
CAIBX	American Funds Capital Income Builder Class A	Diversified Portfolio	87	10.47%	—	Jul 1987	MGHYX vs CAIBX
PIMIX	PIMCO Income Fund Institutional Class	Multisector Bonds	33	-0.05%	—	Mar 2007	MGHYX vs PIMIX
MGINX	DWS Global Macro Fund	Tactical Allocation	38	3.41%	—	May 1995	MGHYX vs MGINX
SCMAX	DWS Massachusetts Tax Free Fund	Municipal Bonds	73	0.67%	—	May 1987	MGHYX vs SCMAX
KTRAX	DWS Global Income Builder Fund	Global Allocation	68	7.88%	—	Mar 1964	MGHYX vs KTRAX
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	92	3.02%	—	Jun 2019	MGHYX vs FQTIX
RCRYX	Pioneer Corporate High Yield Fund	High Yield Bonds	58	2.27%	—	Jan 2017	MGHYX vs RCRYX
MGSMX	DWS Short Term Municipal Bond Fund	Municipal Bonds	58	0.69%	—	Mar 1995	MGHYX vs MGSMX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	95	1.82%	—	Feb 2011	MGHYX vs SHOYX
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	74	1.69%	—	Apr 2014	MGHYX vs PRCPX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	65	2.20%	—	Sep 2013	MGHYX vs RSIIX
THHYX	Toews Tactical Income Fund	High Yield Bonds	22	-0.03%	—	Jun 2010	MGHYX vs THHYX
SKIRX	DWS Enhanced Commodity Strategy Fund	Commodities	38	13.91%	—	Feb 2005	MGHYX vs SKIRX
GF	The New Germany Fund	Foreign Large Cap Equities	5	1.50%	—	Jan 1989	MGHYX vs GF
CPMPX	Changing Parameters Fund	High Yield Bonds	74	0.76%	—	Oct 2006	MGHYX vs CPMPX
PRFRX	T. Rowe Price Floating Rate Fund - Investor Class	High Yield Bonds	89	1.84%	—	Jul 2011	MGHYX vs PRFRX

Compare MGHYX with Any Fund or Stock

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

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Diversifiers

Pair MGHYX with funds that move differently

DWS Global High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGHYX.

Explore MGHYX Diversifiers

DWS Global High Income Fund (MGHYX) Alternatives