Northern Multi-Manager High Yield Opportunity Fund (NMHYX) 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 NMHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMHYX
NMHYX charges 0.87% annually. There are 106 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 | NMHYX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | NMHYX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | NMHYX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | NMHYX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | NMHYX vs CRDOX |
Best Risk-Adjusted Alternatives to NMHYX
NMHYX has a PortfoliosLab risk / return rank of 38. There are 166 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 | NMHYX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | NMHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | NMHYX vs RPHIX | |
| Intrepid Income Fund | 97 | — | Aug 2010 | NMHYX vs ICMUX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | NMHYX vs PSHNX |
Top Performing NMHYX Alternatives (YTD)
NMHYX is at 0.84% YTD. There are 145 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.04% | — | Dec 2014 | NMHYX vs XILSX | |
| Fairholme Focused Income Fund | 9.48% | — | Dec 2009 | NMHYX vs FOCIX | |
| Fidelity Capital & Income Fund | 5.47% | — | Nov 1977 | NMHYX vs FAGIX | |
| Nuveen Global High Income Fund | 5.11% | — | Nov 2014 | NMHYX vs JGH | |
| Fidelity Advisor High Income Advantage Fund Class ... | 4.93% | — | Oct 2018 | NMHYX vs FIQTX |
Lowest Volatility Alternatives to NMHYX
NMHYX has 2.77% 1-year volatility. There are 43 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.83% | — | Sep 2010 | NMHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | NMHYX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | NMHYX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | NMHYX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | NMHYX vs OSTIX |
Lowest Drawdown Alternatives to NMHYX
NMHYX has a 1-year max drawdown of -2.57%. There are 118 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10% | — | Dec 2014 | NMHYX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | NMHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | NMHYX vs CCLFX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | NMHYX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | NMHYX vs SCFIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 10 categories. AUM among these funds goes as high as $12B.
Often Compared With NMHYX
Investors most often compare NMHYX with CPMPX, VTCLX, PRFRX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare NMHYX with Any Fund or Stock
Compare NMHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMHYX with funds that move differently
Northern Multi-Manager High Yield Opportunity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMHYX.
Explore NMHYX Diversifiers