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 28 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 | NHFIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | 25.70B | Nov 2001 | NHFIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | NHFIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | Dec 1978 | NHFIX vs VWEHX | |
| 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 82. There are 71 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 | NHFIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | NHFIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | NHFIX vs RPHIX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | NHFIX vs FSHNX | |
| American Beacon SiM High Yield Opportunities Fund ... | 97 | — | Feb 2011 | NHFIX vs SHOYX |
Top Performing NHFIX Alternatives (YTD)
NHFIX is at 1.87% YTD. There are 65 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 7.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | NHFIX vs XILSX | |
| Fidelity Capital & Income Fund | 7.96% | — | Nov 1977 | NHFIX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.29% | — | Oct 2018 | NHFIX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.16% | — | Jul 1995 | NHFIX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.04% | — | Jan 1987 | NHFIX vs FAHYX |
Lowest Volatility Alternatives to NHFIX
NHFIX has 3.38% 1-year volatility. There are 107 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 | NHFIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | NHFIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | NHFIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | NHFIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | NHFIX vs OSTIX |
Lowest Drawdown Alternatives to NHFIX
NHFIX has a 1-year max drawdown of -2.10%. There are 46 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 | NHFIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | NHFIX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | NHFIX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | NHFIX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | NHFIX vs SCFIX |
Other Mutual Funds from Northern Funds
The 10 most viewed Northern Funds mutual funds shown here include NOIEX, NOSIX, NSRIX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Northern Income Equity Fund | Large Cap Value Equities | 83 | 12.36% | — | Mar 1994 | NHFIX vs NOIEX | |
| Northern Stock Index Fund | Large Cap Blend Equities | 75 | 11.53% | — | Oct 1996 | NHFIX vs NOSIX | |
| Northern Global Sustainability Index Fund | Global Equities | 57 | 10.10% | — | Mar 2008 | NHFIX vs NSRIX | |
| Northern International Equity Index Fund | Foreign Large Cap Equities | 28 | 9.22% | — | Mar 2005 | NHFIX vs NOINX | |
| Northern Small Cap Value Fund | Small Cap Value Equities | 62 | 15.02% | — | Mar 1994 | NHFIX vs NOSGX | |
| Northern Small Cap Core Fund | Small Cap Blend Equities | 63 | 16.01% | — | Sep 1999 | NHFIX vs NSGRX | |
| Northern Large Cap Core Fund | Large Cap Blend Equities | 84 | 10.60% | — | Dec 2005 | NHFIX vs NOLCX | |
| Northern Bond Index Fund | Intermediate Core Bond | 18 | 0.04% | — | Feb 2007 | NHFIX vs NOBOX | |
| Northern Mid Cap Index Fund | Mid Cap Blend Equities | 41 | 13.17% | — | Mar 2005 | NHFIX vs NOMIX | |
| Northern International Equity Fund | Foreign Large Cap Equities | 48 | 9.84% | — | Mar 1994 | NHFIX vs NOIGX |
Often Compared With NHFIX
Investors most often compare NHFIX with PYHRX, VYM, BKLN. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare NHFIX with Any Fund or Stock
Compare NHFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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