PAIHX Alternatives & Similar Mutual Funds

T. Rowe Price Global High Income Bond Fund (PAIHX) 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 PAIHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PAIHX

PAIHX charges 0.96% annually. There are 121 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	—	Dec 2008	PAIHX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	PAIHX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	PAIHX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	PAIHX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	PAIHX vs CRDOX

Best Risk-Adjusted Alternatives to PAIHX

PAIHX has a PortfoliosLab risk / return rank of 66. There are 102 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
XILSX	Pioneer ILS Interval Fund	100	—	Dec 2014	PAIHX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	PAIHX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	PAIHX vs RPHIX
PRFRX	T. Rowe Price Floating Rate Fund	97	—	Jul 2011	PAIHX vs PRFRX
PSHNX	Penn Capital Short Duration High Income Fund	96	—	Jul 2017	PAIHX vs PSHNX

Top Performing PAIHX Alternatives (YTD)

PAIHX is at 1.37% YTD. There are 147 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.01%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	9.01%	—	Dec 2014	PAIHX vs XILSX
FOCIX	Fairholme Focused Income Fund	8.37%	—	Dec 2009	PAIHX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	7.84%	—	Nov 1977	PAIHX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.10%	—	Oct 2018	PAIHX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.05%	—	Jul 1995	PAIHX vs FAHCX

Lowest Volatility Alternatives to PAIHX

PAIHX has 2.93% 1-year volatility. There are 58 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
CCLFX	Cliffwater Corporate Lending Fund	0.86%	—	Mar 2019	PAIHX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.86%	—	Sep 2010	PAIHX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.50%	—	Jul 2014	PAIHX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	PAIHX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.68%	—	Aug 2002	PAIHX vs OSTIX

Lowest Drawdown Alternatives to PAIHX

PAIHX has a 1-year max drawdown of -2.92%. There are 154 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
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	PAIHX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	PAIHX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	PAIHX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	PAIHX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	PAIHX vs SCFIX

Other Mutual Funds from T. Rowe Price

The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TRBCX	T. Rowe Price Blue Chip Growth Fund	Large Cap Growth Equities	10	0.01%	—	Jun 1993	PAIHX vs TRBCX
PRWCX	T. Rowe Price Capital Appreciation Fund	Diversified Portfolio	46	6.41%	—	Jun 1986	PAIHX vs PRWCX
PRDGX	T. Rowe Price Dividend Growth Fund, Inc.	Large Cap Blend Equities, Dividend	49	9.38%	—	Dec 1992	PAIHX vs PRDGX
PRCOX	T. Rowe Price U.S. Equity Research Fund	Large Cap Blend Equities	57	10.53%	—	Nov 1994	PAIHX vs PRCOX
PRWAX	T. Rowe Price All-Cap Opportunities Fund	Large Cap Growth Equities	11	0.71%	—	Sep 1985	PAIHX vs PRWAX
TBCIX	T. Rowe Price Blue Chip Growth Fund I Class	Large Cap Growth Equities	11	0.08%	—	—	PAIHX vs TBCIX
PREIX	T. Rowe Price Equity Index 500 Fund	Large Cap Blend Equities	58	9.85%	—	Mar 1990	PAIHX vs PREIX
TRLGX	T. Rowe Price Large-Cap Growth Fund	Large Cap Growth Equities	11	1.82%	—	Oct 2001	PAIHX vs TRLGX
PRSCX	T. Rowe Price Science And Technology Fund	Technology Equities	74	33.10%	—	Sep 1987	PAIHX vs PRSCX
TRRJX	T. Rowe Price Retirement 2035 Fund	Target Retirement Date	27	8.51%	—	Feb 2004	PAIHX vs TRRJX

Often Compared With PAIHX

Investors most often compare PAIHX with PYHRX, FAHYX, SHOYX. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PYHRX	Payden High Income Fund	High Yield Bonds	93	2.44%	—	Dec 1997	PAIHX vs PYHRX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	High Yield Bonds	86	6.86%	—	Jan 1987	PAIHX vs FAHYX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	2.58%	—	Feb 2011	PAIHX vs SHOYX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	96	2.40%	—	Feb 2011	PAIHX vs SHYPX
FSHNX	Fidelity Series High Income Fund	High Yield Bonds	94	3.42%	—	Mar 2011	PAIHX vs FSHNX

Compare PAIHX with Any Fund or Stock

Compare PAIHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair PAIHX with funds that move differently

T. Rowe Price Global High Income Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAIHX.

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T. Rowe Price Global High Income Bond Fund (PAIHX) Alternatives