NHFIX Alternatives & Similar Mutual Funds

Northern High Yield Fixed Income Fund (NHFIX) 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 NHFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NHFIX

NHFIX charges 0.60% annually. There are 29 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	NHFIX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	NHFIX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	NHFIX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	NHFIX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	NHFIX vs CRDOX

Best Risk-Adjusted Alternatives to NHFIX

NHFIX has a PortfoliosLab risk / return rank of 80. There are 51 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	NHFIX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	100	—	Jun 2019	NHFIX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	NHFIX vs RPHIX
ICMUX	Intrepid Income Fund	97	—	Aug 2010	NHFIX vs ICMUX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	NHFIX vs PSHNX

Top Performing NHFIX Alternatives (YTD)

NHFIX is at 2.00% YTD. There are 46 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	10.04%	—	Dec 2014	NHFIX vs XILSX
FOCIX	Fairholme Focused Income Fund	9.48%	—	Dec 2009	NHFIX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	5.47%	—	Nov 1977	NHFIX vs FAGIX
JGH	Nuveen Global High Income Fund	5.11%	—	Nov 2014	NHFIX vs JGH
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	4.93%	—	Oct 2018	NHFIX vs FIQTX

Lowest Volatility Alternatives to NHFIX

NHFIX has 3.38% 1-year volatility. There are 111 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.

Symbol	Name	Volatility 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.83%	—	Sep 2010	NHFIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	0.85%	—	Jun 2019	NHFIX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	NHFIX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	NHFIX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.77%	—	Aug 2002	NHFIX vs OSTIX

Lowest Drawdown Alternatives to NHFIX

NHFIX has a 1-year max drawdown of -2.10%. There are 47 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
XILSX	Pioneer ILS Interval Fund	-0.10%	—	Dec 2014	NHFIX vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	NHFIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	-0.19%	—	Jun 2019	NHFIX vs CCLFX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	NHFIX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	NHFIX vs SCFIX

Other Mutual Funds from Northern Trust

The 10 most viewed Northern Trust mutual funds shown here include NOIEX, NOSIX, NSRIX and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
NOIEX	Northern Income Equity Fund	Large Cap Value Equities, Dividend, Actively Managed	78	12.25%	—	Apr 1994	NHFIX vs NOIEX
NOSIX	Northern Stock Index Fund	Large Cap Blend Equities	62	9.34%	—	Oct 1996	NHFIX vs NOSIX
NSRIX	Northern Global Sustainability Index Fund	Global Equities	57	9.33%	—	Mar 2008	NHFIX vs NSRIX
NOSGX	Northern Small Cap Value Fund	Small Cap Value Equities	86	21.99%	—	Mar 1994	NHFIX vs NOSGX
NOINX	Northern International Equity Index Fund	Foreign Large Cap Equities	61	12.75%	—	Mar 2005	NHFIX vs NOINX
NOLCX	Northern Large Cap Core Fund	Large Cap Blend Equities	74	9.87%	—	Dec 2005	NHFIX vs NOLCX
NSGRX	Northern Small Cap Core Fund	Small Cap Blend Equities	83	21.27%	—	Sep 1999	NHFIX vs NSGRX
NOBOX	Northern Bond Index Fund	Intermediate Core Bond	13	-1.04%	—	Feb 2007	NHFIX vs NOBOX
NOMIX	Northern Mid Cap Index Fund	Mid Cap Blend Equities	48	14.71%	—	Mar 2005	NHFIX vs NOMIX
NSIDX	Northern Small Cap Index Fund	Small Cap Blend Equities	76	19.46%	—	Sep 1999	NHFIX vs NSIDX

Often Compared With NHFIX

Investors most often compare NHFIX with PYHRX, VYM, BKLN. These 20 comparison targets span 19 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PYHRX	Payden High Income Fund	High Yield Bonds	94	2.35%	—	Dec 1997	NHFIX vs PYHRX
VYM	Vanguard High Dividend Yield ETF	Dividend	90	14.21%	96.20B	Nov 2006	NHFIX vs VYM
BKLN	Invesco Senior Loan ETF	Bank Loan	56	0.65%	6.74B	Mar 2011	NHFIX vs BKLN
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	High Yield Bonds	77	1.80%	7.60B	Oct 2013	NHFIX vs SHYG
JPIE	JPMorgan Income ETF	Multisector Bonds	95	1.77%	10.22B	Oct 2021	NHFIX vs JPIE
NOEMX	Northern Emerging Markets Equity Index Fund	Emerging Markets Equities	58	15.64%	—	Apr 2006	NHFIX vs NOEMX
SPYI	NEOS S&P 500 High Income ETF	Derivative Income, S&P 500	72	7.96%	11.05B	Aug 2022	NHFIX vs SPYI
NMFIX	Northern Multi-Manager Global Listed Infrastructur...	Infrastructure Equities, Energy Equities	51	9.89%	—	Sep 2012	NHFIX vs NMFIX
NMMEX	Northern Active M Emerging Market Equity Fund	Emerging Markets Equities	66	18.48%	—	Nov 2008	NHFIX vs NMMEX
NUESX	Northern U.S. Quality ESG Fund	Quality Factor, Large Cap Blend Equities	43	8.00%	—	Oct 2017	NHFIX vs NUESX
NCATX	Northern California Tax Exempt Fund	Municipal Bonds	65	-0.08%	—	Apr 1997	NHFIX vs NCATX
NGREX	Northern Global Real Estate Index Fund	REIT	38	13.05%	—	Jul 2006	NHFIX vs NGREX
NOIGX	Northern International Equity Fund	Foreign Large Cap Equities	79	14.08%	—	Mar 1994	NHFIX vs NOIGX
NUSFX	Northern Ultra-Short Fixed Income Fund	Ultrashort Bond	99	1.47%	—	Jun 2009	NHFIX vs NUSFX
NOCBX	Northern Core Bond Fund	Intermediate Core Bond	11	-1.13%	—	Mar 2001	NHFIX vs NOCBX
NOLVX	Northern Large Cap Value Fund	Large Cap Value Equities	92	15.45%	—	Aug 2000	NHFIX vs NOLVX
NTAUX	Northern Tax-Advantaged U-S Fixed Income	Ultrashort Bond	89	0.99%	—	Jun 2009	NHFIX vs NTAUX
NMIEX	Northern Active M International Equity Fund	Foreign Large Cap Equities	55	13.53%	—	Jun 2006	NHFIX vs NMIEX
BBALX	Northern Global Tactical Asset Allocation Fund	Global Allocation	69	7.57%	—	Jun 1993	NHFIX vs BBALX
NOFIX	Northern Fixed Income Fund	Intermediate Core-Plus Bond	13	-0.94%	—	Mar 1994	NHFIX vs NOFIX

Compare NHFIX with Any Fund or Stock

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

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Diversifiers

Pair NHFIX with funds that move differently

Northern High Yield Fixed Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NHFIX.

Explore NHFIX Diversifiers

Northern High Yield Fixed Income Fund (NHFIX) Alternatives