PAOPX Alternatives & Similar Mutual Funds

T. Rowe Price Credit Opportunities Fund, Inc. (PAOPX) 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 PAOPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PAOPX

PAOPX charges 0.91% annually. There are 112 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	PAOPX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	PAOPX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	PAOPX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	PAOPX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	PAOPX vs CRDOX

Best Risk-Adjusted Alternatives to PAOPX

PAOPX has a PortfoliosLab risk / return rank of 80. There are 70 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	PAOPX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	PAOPX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	99	—	Sep 2010	PAOPX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	PAOPX vs CWFIX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	PAOPX vs PSHNX

Top Performing PAOPX Alternatives (YTD)

PAOPX is at 1.49% YTD. There are 103 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.52%.

Symbol	Name	YTD Return	AUM	Inception
FAGIX	Fidelity Capital & Income Fund	8.52%	—	Nov 1977	PAOPX vs FAGIX
XILSX	Pioneer ILS Interval Fund	8.28%	—	Dec 2014	PAOPX vs XILSX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.73%	—	Oct 2018	PAOPX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.68%	—	Jul 1995	PAOPX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.52%	—	Jan 1987	PAOPX vs FAHYX

Lowest Volatility Alternatives to PAOPX

PAOPX has 3.03% 1-year volatility. There are 63 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
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	PAOPX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	PAOPX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	PAOPX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	PAOPX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.70%	—	Aug 2002	PAOPX vs OSTIX

Lowest Drawdown Alternatives to PAOPX

PAOPX has a 1-year max drawdown of -2.00%. There are 36 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	PAOPX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	PAOPX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	PAOPX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	PAOPX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	PAOPX 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	14	1.82%	—	Jun 1993	PAOPX vs TRBCX
PRWCX	T. Rowe Price Capital Appreciation Fund	Diversified Portfolio	39	4.62%	—	Jun 1986	PAOPX vs PRWCX
PRDGX	T. Rowe Price Dividend Growth Fund, Inc.	Large Cap Blend Equities, Dividend	52	8.38%	—	Dec 1992	PAOPX vs PRDGX
PRCOX	T. Rowe Price U.S. Equity Research Fund	Large Cap Blend Equities	64	10.90%	—	Nov 1994	PAOPX vs PRCOX
PRWAX	T. Rowe Price All-Cap Opportunities Fund	Large Cap Growth Equities	13	0.66%	—	Sep 1985	PAOPX vs PRWAX
TBCIX	T. Rowe Price Blue Chip Growth Fund I Class	Large Cap Growth Equities	15	1.88%	—	—	PAOPX vs TBCIX
PREIX	T. Rowe Price Equity Index 500 Fund	Large Cap Blend Equities	65	10.08%	—	Mar 1990	PAOPX vs PREIX
TRLGX	T. Rowe Price Large-Cap Growth Fund	Large Cap Growth Equities	12	1.37%	—	Oct 2001	PAOPX vs TRLGX
PRSCX	T. Rowe Price Science And Technology Fund	Technology Equities	87	42.10%	—	Sep 1987	PAOPX vs PRSCX
TRRJX	T. Rowe Price Retirement 2035 Fund	Target Retirement Date	31	9.02%	—	Feb 2004	PAOPX vs TRRJX

Often Compared With PAOPX

Investors most often compare PAOPX with FOCIX, SHYPX, SHOYX. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	38	6.44%	—	Dec 2009	PAOPX vs FOCIX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	96	1.91%	—	Feb 2011	PAOPX vs SHYPX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	2.06%	—	Feb 2011	PAOPX vs SHOYX
FSHNX	Fidelity Series High Income Fund	High Yield Bonds	96	3.22%	—	Mar 2011	PAOPX vs FSHNX
PRFRX	T. Rowe Price Floating Rate Fund	High Yield Bonds	96	0.95%	—	Jul 2011	PAOPX vs PRFRX

Compare PAOPX with Any Fund or Stock

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

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Diversifiers

Pair PAOPX with funds that move differently

T. Rowe Price Credit Opportunities Fund, Inc. alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAOPX.

Explore PAOPX Diversifiers

T. Rowe Price Credit Opportunities Fund, Inc. (PAOPX) Alternatives