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 28 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 | MGHYX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | MGHYX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | MGHYX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | MGHYX vs VWEHX | |
| 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 75. There are 89 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 | MGHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | MGHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | MGHYX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | MGHYX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | MGHYX vs PSHNX |
Top Performing MGHYX Alternatives (YTD)
MGHYX is at 1.84% YTD. There are 98 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | MGHYX vs XILSX | |
| Fairholme Focused Income Fund | 8.79% | — | Dec 2009 | MGHYX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.46% | — | Nov 1977 | MGHYX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.76% | — | Oct 2018 | MGHYX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.70% | — | Jul 1995 | MGHYX vs FAHCX |
Lowest Volatility Alternatives to MGHYX
MGHYX has 3.12% 1-year volatility. There are 82 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.85% | — | Sep 2010 | MGHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | MGHYX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | MGHYX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | MGHYX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | MGHYX vs OSTIX |
Lowest Drawdown Alternatives to MGHYX
MGHYX has a 1-year max drawdown of -2.69%. There are 132 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 | MGHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | MGHYX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | MGHYX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | MGHYX vs MDHVX | |
| 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, AAAZX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| DWS RREEF Real Assets Fund - Class A | Diversified Portfolio | 51 | 8.90% | — | Jul 2007 | MGHYX vs AAAAX | |
| DWS Science and Technology Fund | Technology Equities | 47 | 22.08% | — | Sep 1948 | MGHYX vs KTCAX | |
| DWS RREEF Real Assets Fund | Global Allocation | 53 | 9.15% | — | Jul 2007 | MGHYX vs AAAZX | |
| DWS Core Equity Fund | Large Cap Blend Equities | 56 | 10.66% | — | May 1929 | MGHYX vs SCDGX | |
| DWS Emerging Markets Equity Fund | Emerging Markets Diversified | 77 | 29.18% | — | May 1996 | MGHYX vs SEMGX | |
| DWS International Growth Fund | Foreign Large Cap Equities | 14 | 7.41% | — | Jul 1986 | MGHYX vs SCOBX | |
| DWS Capital Growth Fund | Large Cap Growth Equities | 9 | 4.27% | — | Jul 2000 | MGHYX vs SCGSX | |
| DWS S&P 500 Index Fund | S&P 500 | 61 | 10.91% | — | Aug 1997 | MGHYX vs SCPIX | |
| DWS Equity 500 Index Fund | Large Cap Blend Equities | 64 | 11.19% | — | Dec 1992 | MGHYX vs BTIIX | |
| DWS CROCI Equity Dividend Fd | Large Cap Value Equities | 26 | 12.33% | — | 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.
Compare MGHYX with Any Fund or Stock
Compare MGHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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