Optimum Fixed Income Fund (OIFIX) belongs to the Intermediate Core-Plus Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with OIFIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OIFIX
OIFIX charges 0.80% annually. There are 104 mutual funds in the Intermediate Core-Plus Bond category with lower expense ratios, going as low as 0.16%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Mercer Core Fixed Income Fund | 0.16% | — | Aug 2005 | OIFIX vs MCFIX | |
| State Street Income Fund | 0.20% | — | Jan 1980 | OIFIX vs SSASX | |
| Elfun Income Fund | 0.29% | — | Dec 1984 | OIFIX vs EINFX | |
| TIAA-CREF Core Bond Fund | 0.29% | — | Jul 1999 | OIFIX vs TIBDX | |
| Baird Core Plus Bond Fund | 0.30% | — | Sep 2000 | OIFIX vs BCOIX |
Best Risk-Adjusted Alternatives to OIFIX
OIFIX has a PortfoliosLab risk / return rank of 23. There are 69 mutual funds in the Intermediate Core-Plus Bond category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 98 | — | Jul 2016 | OIFIX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 94 | — | Jul 2010 | OIFIX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 92 | — | Jul 2010 | OIFIX vs LCTRX | |
| MassMutual Diversified Bond Fund | 82 | — | May 1999 | OIFIX vs MDVAX | |
| GMO Multi-Sector Fixed Income Fund | 76 | — | Apr 1997 | OIFIX vs GUGAX |
Top Performing OIFIX Alternatives (YTD)
OIFIX is at 0.24% YTD. There are 77 mutual funds in the Intermediate Core-Plus Bond category with higher YTD returns, going as high as 2.68%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| 1290 Diversified Bond Fund | 2.68% | — | Jul 2015 | OIFIX vs TNUIX | |
| Putnam Mortgage Securities Fund | 2.64% | — | Feb 1984 | OIFIX vs PGSIX | |
| MassMutual Diversified Bond Fund | 2.47% | — | May 1999 | OIFIX vs MDVAX | |
| Nuveen Core Plus Impact Fund | 2.41% | — | Apr 2021 | OIFIX vs NPCT | |
| Holbrook Income Fund Class I | 2.22% | — | Jul 2016 | OIFIX vs HOBIX |
Lowest Volatility Alternatives to OIFIX
OIFIX has 3.90% 1-year volatility. There are 69 mutual funds in the Intermediate Core-Plus Bond category with lower 1-year volatility, going as low as 1.12%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AAMA Income Fund | 1.12% | — | Jun 2017 | OIFIX vs AMFIX | |
| Archer Income Fund | 1.80% | — | Mar 2011 | OIFIX vs ARINX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 1.96% | — | Jul 2010 | OIFIX vs LCTRX | |
| Holbrook Income Fund Class I | 2.02% | — | Jul 2016 | OIFIX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 2.02% | — | Jul 2010 | OIFIX vs LCTIX |
Lowest Drawdown Alternatives to OIFIX
OIFIX has a 1-year max drawdown of -2.96%. There are 64 mutual funds in the Intermediate Core-Plus Bond category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | -0.51% | — | Jul 2016 | OIFIX vs HOBIX | |
| AAMA Income Fund | -0.74% | — | Jun 2017 | OIFIX vs AMFIX | |
| GMO Multi-Sector Fixed Income Fund | -1.16% | — | Apr 1997 | OIFIX vs GUGAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | -1.17% | — | Jul 2010 | OIFIX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | -1.17% | — | Jul 2010 | OIFIX vs LCTIX |
Other Mutual Funds from Delaware Funds
The 10 most viewed Delaware Funds mutual funds shown here include DEMIX, FGINX, WMGAX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | Emerging Markets Diversified | 98 | 145.11% | — | Jun 1996 | OIFIX vs DEMIX | |
| Delaware Growth and Income Fund | Large Cap Value Equities | 96 | 18.91% | — | Oct 1993 | OIFIX vs FGINX | |
| Delaware Ivy Mid Cap Growth Fund | Mid Cap Growth Equities | 5 | 2.76% | — | Jun 2000 | OIFIX vs WMGAX | |
| Delaware Ivy Large Cap Growth Fund | Large Cap Growth Equities | 6 | -2.77% | — | Jun 2000 | OIFIX vs WLGAX | |
| Delaware Small Cap Value Fund | Small Cap Value Equities | 62 | 20.04% | — | Jun 1987 | OIFIX vs DEVLX | |
| Delaware Small Cap Core Fund | Small Cap Blend Equities | 55 | 18.71% | — | Dec 1998 | OIFIX vs DCCIX | |
| Optimum Large Cap Growth Fund | Large Cap Growth Equities | 24 | 5.18% | — | Aug 2003 | OIFIX vs OILGX | |
| Delaware Tax Free USA Fund | Municipal Bonds | 44 | 2.51% | — | Jan 1984 | OIFIX vs DMTFX | |
| Delaware Value Fund | Large Cap Value Equities | 33 | 6.26% | — | Sep 1998 | OIFIX vs DDVIX | |
| Delaware National High-Yield Municipal Bond Fund | High Yield Muni | 29 | 2.29% | — | Sep 1986 | OIFIX vs CXHYX |
Often Compared With OIFIX
Investors most often compare OIFIX with VOO, BCPIX, IVOIX. These 12 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare OIFIX with Any Fund or Stock
Compare OIFIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OIFIX with funds that move differently
Optimum Fixed Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OIFIX.
Explore OIFIX Diversifiers