MFS High Income Fund (MHITX) 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 MHITX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MHITX
MHITX charges 0.86% annually. There are 102 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 | MHITX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | MHITX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | MHITX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | MHITX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | MHITX vs CRDOX |
Best Risk-Adjusted Alternatives to MHITX
MHITX has a PortfoliosLab risk / return rank of 58. There are 133 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 | MHITX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | MHITX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | MHITX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | MHITX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | MHITX vs PSHNX |
Top Performing MHITX Alternatives (YTD)
MHITX is at 1.15% YTD. There are 162 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 | MHITX vs XILSX | |
| Fairholme Focused Income Fund | 8.79% | — | Dec 2009 | MHITX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.46% | — | Nov 1977 | MHITX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.76% | — | Oct 2018 | MHITX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.70% | — | Jul 1995 | MHITX vs FAHCX |
Lowest Volatility Alternatives to MHITX
MHITX has 3.69% 1-year volatility. There are 155 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 | MHITX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | MHITX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | MHITX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | MHITX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | MHITX vs OSTIX |
Lowest Drawdown Alternatives to MHITX
MHITX has a 1-year max drawdown of -2.55%. There are 114 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 | MHITX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | MHITX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | MHITX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | MHITX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | MHITX vs SCFIX |
Other Mutual Funds from MFS
The 10 most viewed MFS mutual funds shown here include MIEIX, MEIKX, MEIIX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MFS International Equity Fund Class R6 | Foreign Large Cap Equities | 14 | 4.58% | — | Jan 1996 | MHITX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 42 | 9.49% | — | May 2006 | MHITX vs MEIKX | |
| MFS Value Fund Class I | Large Cap Value Equities | 41 | 9.42% | — | Feb 1996 | MHITX vs MEIIX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 36 | 9.55% | — | Sep 2004 | MHITX vs MDIJX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 5 | -1.61% | — | Jan 1935 | MHITX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 9 | 4.83% | — | Jun 2012 | MHITX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 9 | 4.78% | — | Jul 1997 | MHITX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 26 | 5.42% | — | — | MHITX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 40 | 9.27% | — | Jan 1996 | MHITX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 36 | 8.81% | — | Jul 1924 | MHITX vs MITTX |
Often Compared With MHITX
Investors most often compare MHITX with MFIOX, MHOIX, HYG. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare MHITX with Any Fund or Stock
Compare MHITX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MHITX with funds that move differently
MFS High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MHITX.
Explore MHITX Diversifiers