Northern Multi-Manager High Yield Opportunity Fund (NMHYX) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to NMHYX
NMHYX charges 0.87% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among NMHYX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | Dec 24, 2008 | NMHYX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | Nov 12, 2001 | NMHYX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | Dec 26, 2017 | NMHYX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | Dec 27, 1978 | NMHYX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | Nov 22, 2020 | NMHYX vs CRDOX |
Best Risk-Adjusted Alternatives to NMHYX
Among mutual funds in the High Yield Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | Dec 16, 2014 | NMHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | Mar 6, 2019 | NMHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | Sep 30, 2010 | NMHYX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 99 | Jul 29, 2011 | NMHYX vs PRFRX | |
| T. Rowe Price Credit Opportunities Fund | 98 | Apr 29, 2014 | NMHYX vs PRCPX |
Top Performing NMHYX Alternatives (YTD)
NMHYX alternatives from the High Yield Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | 6.00% | Dec 16, 2014 | NMHYX vs XILSX | |
| Fairholme Focused Income Fund | 5.54% | Dec 31, 2009 | NMHYX vs FOCIX | |
| Franklin Templeton SMACS: Series I | 1.39% | Jun 3, 2019 | NMHYX vs FQTIX | |
| Fidelity Capital & Income Fund | 1.00% | Nov 1, 1977 | NMHYX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 0.98% | Oct 2, 2018 | NMHYX vs FIQTX |
Lowest Volatility Alternatives to NMHYX
NMHYX alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.97% | Mar 6, 2019 | NMHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 1.02% | Sep 30, 2010 | NMHYX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.74% | Jul 15, 2014 | NMHYX vs CWFIX | |
| Changing Parameters Fund | 1.89% | Oct 2, 2006 | NMHYX vs CPMPX | |
| Shenkman Capital Short Duration High Income Fund | 1.97% | Oct 31, 2012 | NMHYX vs SCFIX |
Lowest Drawdown Alternatives to NMHYX
NMHYX alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.21% | Dec 16, 2014 | NMHYX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.31% | Sep 30, 2010 | NMHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.38% | Mar 6, 2019 | NMHYX vs CCLFX | |
| RiverPark Strategic Income Fund | -1.04% | Sep 30, 2013 | NMHYX vs RSIIX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | Oct 31, 2012 | NMHYX vs SCFIX |
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Often Compared With NMHYX
What investors most often compare with NMHYX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Nuveen Global High Income Fund | High Yield Bonds | 9 | -0.04% | Nov 24, 2014 | NMHYX vs JGH | |
| Toews Tactical Income Fund | High Yield Bonds | 90 | 0.07% | Jun 4, 2010 | NMHYX vs THHYX |
Compare NMHYX with Any Fund or Stock
Compare NMHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.