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 105 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 43. There are 157 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 | 100 | — | Mar 2019 | NMHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | NMHYX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 97 | — | Jul 2011 | NMHYX vs PRFRX | |
| Penn Capital Short Duration High Income Fund | 96 | — | Jul 2017 | NMHYX vs PSHNX |
Top Performing NMHYX Alternatives (YTD)
NMHYX is at 1.06% YTD. There are 166 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.01%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.01% | — | Dec 2014 | NMHYX vs XILSX | |
| Fairholme Focused Income Fund | 8.37% | — | Dec 2009 | NMHYX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.84% | — | Nov 1977 | NMHYX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.10% | — | Oct 2018 | NMHYX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.05% | — | Jul 1995 | NMHYX vs FAHCX |
Lowest Volatility Alternatives to NMHYX
NMHYX has 2.75% 1-year volatility. There are 39 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.86% | — | Mar 2019 | NMHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.86% | — | Sep 2010 | NMHYX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | NMHYX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | NMHYX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.68% | — | Aug 2002 | NMHYX vs OSTIX |
Lowest Drawdown Alternatives to NMHYX
NMHYX has a 1-year max drawdown of -2.57%. There are 116 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 | NMHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | NMHYX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | NMHYX vs XILSX | |
| 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 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 37 | 14.52% | — | Sep 2021 | NMHYX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 59 | 9.95% | — | Jul 1993 | NMHYX vs WFSPX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 94 | 10.84% | — | Dec 2012 | NMHYX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 59 | 11.45% | — | May 2011 | NMHYX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 70 | 11.17% | — | Dec 1991 | NMHYX vs FASGX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 35 | 5.97% | — | Aug 2005 | NMHYX vs BDJ | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 46 | 8.91% | — | Jul 2010 | NMHYX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 55 | 36.71% | — | Apr 2000 | NMHYX vs BGSAX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 74 | 7.09% | — | Oct 2007 | NMHYX vs FFANX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 69 | 13.21% | — | Sep 1999 | NMHYX vs FAMRX |
Often Compared With NMHYX
Investors most often compare NMHYX with CPMPX, VTCLX, VFAIX. These 15 comparison targets span 6 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