Metropolitan West High Yield Bond Fund (MWHYX) 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 MWHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MWHYX
MWHYX charges 0.85% annually. There are 98 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 | MWHYX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | 25.70B | Nov 2001 | MWHYX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | MWHYX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | Dec 1978 | MWHYX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | MWHYX vs CRDOX |
Best Risk-Adjusted Alternatives to MWHYX
MWHYX has a PortfoliosLab risk / return rank of 63. There are 132 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 | MWHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | MWHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | MWHYX vs RPHIX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | MWHYX vs FSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | MWHYX vs CWFIX |
Top Performing MWHYX Alternatives (YTD)
MWHYX is at 1.79% YTD. There are 75 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.43% | — | Nov 1977 | MWHYX vs FAGIX | |
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | MWHYX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.64% | — | Oct 2018 | MWHYX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.59% | — | Jul 1995 | MWHYX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | MWHYX vs FAHYX |
Lowest Volatility Alternatives to MWHYX
MWHYX has 3.01% 1-year volatility. There are 65 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 | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.88% | — | Mar 2019 | MWHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | MWHYX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | MWHYX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | MWHYX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | MWHYX vs OSTIX |
Lowest Drawdown Alternatives to MWHYX
MWHYX has a 1-year max drawdown of -2.00%. There are 37 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 | MWHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | MWHYX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | MWHYX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | MWHYX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | MWHYX vs SCFIX |
Other Mutual Funds from Metropolitan West Funds
The 8 most viewed Metropolitan West Funds mutual funds shown here include MWTIX, MWTRX, MWCIX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Metropolitan West Total Return Bond Fund Class I | Total Bond Market | 20 | 0.24% | — | — | MWHYX vs MWTIX | |
| Metropolitan West Total Return Bond Fund | Intermediate Core-Plus Bond | 18 | 0.14% | — | Mar 1997 | MWHYX vs MWTRX | |
| Metropolitan West Unconstrained Bond Fund | Nontraditional Bonds | 84 | 1.41% | — | Sep 2011 | MWHYX vs MWCIX | |
| Metropolitan West Strategic Income Fund | Nontraditional Bonds | 80 | 1.46% | — | Jun 2003 | MWHYX vs MWSTX | |
| Metropolitan West Low Duration Bond Fund | Short-Term Bond | 59 | 0.54% | — | Mar 1997 | MWHYX vs MWLDX | |
| Metropolitan West Investment Grade Credit Fund | Intermediate Core-Plus Bond | 37 | 0.46% | — | Jun 2018 | MWHYX vs MWIGX | |
| Metropolitan West Ultra Short Bond Fund | Ultrashort Bond | 86 | 1.16% | — | Jun 2003 | MWHYX vs MWUSX | |
| MetWest ESG Securitized Fund | Intermediate Core-Plus Bond | 35 | 0.82% | — | Sep 2021 | MWHYX vs MWESX |
Often Compared With MWHYX
Investors most often compare MWHYX with THHYX, RCRYX, PRFRX. These 14 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare MWHYX with Any Fund or Stock
Compare MWHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MWHYX with funds that move differently
Metropolitan West High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MWHYX.
Explore MWHYX Diversifiers