MFS Global High Yield Fund (MHOIX) 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 MHOIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MHOIX
MHOIX charges 0.81% annually. There are 93 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 | MHOIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | MHOIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | MHOIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | MHOIX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | MHOIX vs CRDOX |
Best Risk-Adjusted Alternatives to MHOIX
MHOIX has a PortfoliosLab risk / return rank of 84. There are 52 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 | MHOIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | MHOIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | MHOIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | MHOIX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | MHOIX vs PSHNX |
Top Performing MHOIX Alternatives (YTD)
MHOIX is at 1.80% YTD. There are 87 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fairholme Focused Income Fund | 10.25% | — | Dec 2009 | MHOIX vs FOCIX | |
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | MHOIX vs XILSX | |
| Fidelity Capital & Income Fund | 6.80% | — | Nov 1977 | MHOIX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.24% | — | Oct 2018 | MHOIX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.18% | — | Jul 1995 | MHOIX vs FAHCX |
Lowest Volatility Alternatives to MHOIX
MHOIX has 2.95% 1-year volatility. There are 61 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.84% | — | Sep 2010 | MHOIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | MHOIX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | MHOIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | MHOIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | MHOIX vs OSTIX |
Lowest Drawdown Alternatives to MHOIX
MHOIX has a 1-year max drawdown of -2.27%. There are 63 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 | MHOIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | MHOIX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | MHOIX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | MHOIX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | MHOIX 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 | 15 | 4.31% | — | Jan 1996 | MHOIX vs MIEIX | |
| MFS Value Fund | Large Cap Value Equities | 47 | 9.75% | — | May 2006 | MHOIX vs MEIKX | |
| MFS Value Fund Class I | Large Cap Value Equities | 47 | 9.68% | — | Feb 1996 | MHOIX vs MEIIX | |
| MFS International Diversification Fund | Foreign Large Cap Equities | 36 | 8.57% | — | Sep 2004 | MHOIX vs MDIJX | |
| MFS Massachusetts Investors Growth Stock Fund | Large Cap Growth Equities | 5 | -2.31% | — | Jan 1935 | MHOIX vs MIGFX | |
| MFS Growth R6 | Large Cap Growth Equities | 8 | 3.12% | — | Jun 2012 | MHOIX vs MFEKX | |
| MFS Growth I | Large Cap Growth Equities | 8 | 3.06% | — | Jul 1997 | MHOIX vs MFEIX | |
| MFS International Intrinsic Value Fund Class I | Large Cap Growth Equities, Foreign Large Cap Equities | 27 | 4.94% | — | — | MHOIX vs MINIX | |
| MFS Value Fund | Large Cap Value Equities | 45 | 9.53% | — | Jan 1996 | MHOIX vs MEIAX | |
| MFS Massachusetts Investors Trust | Large Cap Blend Equities | 35 | 8.16% | — | Jul 1924 | MHOIX vs MITTX |
Often Compared With MHOIX
Investors most often compare MHOIX with MFBFX, MFIOX, MHITX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare MHOIX with Any Fund or Stock
Compare MHOIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MHOIX with funds that move differently
MFS Global High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MHOIX.
Explore MHOIX Diversifiers