MHITX Alternatives & Similar Mutual Funds

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
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	MHITX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.13%	25.70B	Nov 2001	MHITX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	MHITX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.23%	25.70B	Dec 1978	MHITX vs VWEHX
CRDOX	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 56. There are 142 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	MHITX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	MHITX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	MHITX vs RPHIX
FSHNX	Fidelity Series High Income Fund	97	—	Mar 2011	MHITX vs FSHNX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	MHITX vs CWFIX

Top Performing MHITX Alternatives (YTD)

MHITX is at 0.99% YTD. There are 158 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.43%.

Symbol	Name	YTD Return	AUM	Inception
FAGIX	Fidelity Capital & Income Fund	8.43%	—	Nov 1977	MHITX vs FAGIX
XILSX	Pioneer ILS Interval Fund	7.97%	—	Dec 2014	MHITX vs XILSX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.64%	—	Oct 2018	MHITX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.59%	—	Jul 1995	MHITX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.52%	—	Jan 1987	MHITX vs FAHYX

Lowest Volatility Alternatives to MHITX

MHITX has 3.72% 1-year volatility. There are 155 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	MHITX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	MHITX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.49%	—	Jul 2014	MHITX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	MHITX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.69%	—	Aug 2002	MHITX vs OSTIX

Lowest Drawdown Alternatives to MHITX

MHITX has a 1-year max drawdown of -2.55%. There are 115 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	MHITX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	MHITX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	MHITX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	MHITX vs MDHVX
SCFIX	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, MDIJX and span 4 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MIEIX	MFS International Equity Fund Class R6	Foreign Large Cap Equities	9	3.25%	—	Jan 1996	MHITX vs MIEIX
MEIKX	MFS Value Fund	Large Cap Value Equities	23	4.52%	—	May 2006	MHITX vs MEIKX
MDIJX	MFS International Diversification Fund	Foreign Large Cap Equities	35	10.27%	—	Sep 2004	MHITX vs MDIJX
MEIIX	MFS Value Fund Class I	Large Cap Value Equities	23	4.47%	—	Feb 1996	MHITX vs MEIIX
MIGFX	MFS Massachusetts Investors Growth Stock Fund	Large Cap Growth Equities	9	-0.34%	—	Jan 1935	MHITX vs MIGFX
MFEKX	MFS Growth R6	Large Cap Growth Equities	14	6.33%	—	Jun 2012	MHITX vs MFEKX
MFEIX	MFS Growth I	Large Cap Growth Equities	14	6.29%	—	Jul 1997	MHITX vs MFEIX
MINIX	MFS International Intrinsic Value Fund Class I	Large Cap Growth Equities, Foreign Large Cap Equities	24	7.26%	—	—	MHITX vs MINIX
MEIAX	MFS Value Fund	Large Cap Value Equities	22	4.37%	—	Jan 1996	MHITX vs MEIAX
MITTX	MFS Massachusetts Investors Trust	Large Cap Blend Equities	40	8.10%	—	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.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MFIOX	MFS Income Fund	Intermediate Core-Plus Bond	31	0.63%	—	Oct 1987	MHITX vs MFIOX
MHOIX	MFS Global High Yield Fund	High Yield Bonds	82	1.53%	—	Jul 1998	MHITX vs MHOIX
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	55	1.32%	16.11B	Apr 2007	MHITX vs HYG
MSFRX	MFS Total Return Fund	Diversified Portfolio	37	3.03%	—	Oct 1970	MHITX vs MSFRX
IVV	iShares Core S&P 500 ETF	S&P 500	70	10.85%	854.92B	May 2000	MHITX vs IVV
VTIAX	Vanguard Total International Stock Index Fund Admi...	Large Cap Blend Equities, Foreign Large Cap Equities	58	15.40%	629.30B	Nov 2010	MHITX vs VTIAX
VTSAX	Vanguard Total Stock Market Index Fund Admiral Sha...	Large Cap Blend Equities	71	11.98%	2.20T	Nov 2000	MHITX vs VTSAX
GOVT	iShares U.S. Treasury Bond ETF	Government Bonds	28	-0.11%	41.89B	Feb 2012	MHITX vs GOVT
FGRIX	Fidelity Growth & Income Portfolio	Large Cap Value Equities	58	7.63%	—	Dec 1985	MHITX vs FGRIX
AGTHX	American Funds The Growth Fund of America Class A	Large Cap Growth Equities	34	10.09%	—	Dec 1973	MHITX vs AGTHX
AGEPX	American Beacon Frontier Markets Income Fund	Emerging Markets Bonds	98	6.76%	—	Feb 2014	MHITX vs AGEPX
FAGOX	Fidelity Advisor Growth Opportunities Fund Class M	Large Cap Growth Equities	50	16.61%	—	Nov 1987	MHITX vs FAGOX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	68	1.81%	—	Sep 2013	MHITX vs RSIIX
CPMPX	Changing Parameters Fund	High Yield Bonds	88	0.85%	—	Oct 2006	MHITX vs CPMPX
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	41	7.20%	—	Dec 2009	MHITX vs FOCIX
THHYX	Toews Tactical Income Fund	High Yield Bonds	49	0.48%	—	Jun 2010	MHITX vs THHYX
PRFRX	T. Rowe Price Floating Rate Fund	High Yield Bonds	96	1.39%	—	Jul 2011	MHITX vs PRFRX
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	93	3.55%	—	Jun 2019	MHITX vs FQTIX
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	95	1.79%	—	Apr 2014	MHITX vs PRCPX
JGH	Nuveen Global High Income Fund	High Yield Bonds	15	5.23%	—	Nov 2014	MHITX vs JGH

Compare MHITX with Any Fund or Stock

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

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Diversifiers

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

MFS High Income Fund (MHITX) Alternatives