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 | 0.13% | 25.70B | Nov 2001 | NMHYX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | NMHYX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | 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 48. There are 152 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 | 99 | — | Sep 2010 | NMHYX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 96 | — | Jul 2014 | NMHYX vs CWFIX | |
| American Beacon SiM High Yield Opportunities Fund ... | 96 | — | Feb 2011 | NMHYX vs SHOYX |
Top Performing NMHYX Alternatives (YTD)
NMHYX is at 0.66% YTD. There are 165 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.24% | — | Nov 1977 | NMHYX vs FAGIX | |
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | NMHYX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.38% | — | Oct 2018 | NMHYX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.33% | — | Jul 1995 | NMHYX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.20% | — | Jan 1987 | NMHYX vs FAHYX |
Lowest Volatility Alternatives to NMHYX
NMHYX has 2.85% 1-year volatility. There are 45 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 | NMHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | 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 | 1.69% | — | 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 NASDX, VFAIX, VTMFX and span 10 categories. AUM among these funds goes as high as $29B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Shelton Capital Management Nasdaq-100 Index Fund D... | Large Cap Growth Equities | 71 | 21.03% | — | Jan 2000 | NMHYX vs NASDX | |
| Vanguard Financials Index Fund Admiral Shares | Financials Equities | 3 | -6.39% | 13.70B | Feb 2004 | NMHYX vs VFAIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | Diversified Portfolio | 77 | 5.64% | 11.90B | Sep 1994 | NMHYX vs VTMFX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | Large Cap Blend Equities | 63 | 10.53% | 28.60B | Sep 1994 | NMHYX vs VTCLX | |
| iShares S&P 500 Index Fund | S&P 500 | 66 | 10.87% | — | Jul 1993 | NMHYX vs WFSPX | |
| BlackRock ESG Capital Allocation Term Trust | Derivative Income, ESG | 26 | 11.44% | — | Sep 2021 | NMHYX vs ECAT | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 62 | 12.11% | — | May 2011 | NMHYX vs LIVIX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 92 | 12.62% | — | Dec 2012 | NMHYX vs BDMIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 72 | 11.27% | — | Dec 1991 | NMHYX vs FASGX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 69 | 15.25% | — | Jul 2010 | NMHYX vs ASFYX |
Often Compared With NMHYX
Investors most often compare NMHYX with BDJ, CPMPX, PRFRX. These 13 comparison targets span 2 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