Pax High Yield Bond Fund (PAXHX) 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 PAXHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAXHX
PAXHX charges 0.93% annually. There are 117 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 | PAXHX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | PAXHX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | PAXHX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | PAXHX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | PAXHX vs CRDOX |
Best Risk-Adjusted Alternatives to PAXHX
PAXHX has a PortfoliosLab risk / return rank of 70. There are 91 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 | PAXHX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | PAXHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | PAXHX vs RPHIX | |
| Intrepid Income Fund | 97 | — | Aug 2010 | PAXHX vs ICMUX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | PAXHX vs PSHNX |
Top Performing PAXHX Alternatives (YTD)
PAXHX is at 1.22% YTD. There are 97 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.04% | — | Dec 2014 | PAXHX vs XILSX | |
| Fairholme Focused Income Fund | 9.48% | — | Dec 2009 | PAXHX vs FOCIX | |
| Fidelity Capital & Income Fund | 5.47% | — | Nov 1977 | PAXHX vs FAGIX | |
| Nuveen Global High Income Fund | 5.11% | — | Nov 2014 | PAXHX vs JGH | |
| Fidelity Advisor High Income Advantage Fund Class ... | 4.93% | — | Oct 2018 | PAXHX vs FIQTX |
Lowest Volatility Alternatives to PAXHX
PAXHX has 3.37% 1-year volatility. There are 109 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.83% | — | Sep 2010 | PAXHX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | PAXHX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | PAXHX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | PAXHX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | PAXHX vs OSTIX |
Lowest Drawdown Alternatives to PAXHX
PAXHX has a 1-year max drawdown of -2.45%. There are 91 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 | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10% | — | Dec 2014 | PAXHX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | PAXHX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | PAXHX vs CCLFX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | PAXHX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | PAXHX vs SCFIX |
Other Mutual Funds from Pax World
The 10 most viewed Pax World mutual funds shown here include PGINX, PAXWX, PXNIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Impax Global Environmental Markets Fund Institutio... | Global Equities, Sustainable, Alternative Energy Equities, Energy Equities | 32 | 15.27% | — | Mar 2008 | PAXHX vs PGINX | |
| Pax Sustainable Allocation Fund | Diversified Portfolio | 34 | 4.77% | — | Aug 1971 | PAXHX vs PAXWX | |
| Pax International Sustainable Economy Fund Institu... | Foreign Large Cap Equities, ESG | 62 | 14.02% | — | — | PAXHX vs PXNIX | |
| Pax U.S. Sustainable Economy Fund | Large Cap Blend Equities | 69 | 11.23% | — | Jun 1997 | PAXHX vs PXWGX | |
| Pax Global Sustainable Infrastructure Fund | Infrastructure Equities, Energy Equities | 46 | 5.11% | — | Dec 2016 | PAXHX vs PAXDX | |
| Pax Global Opportunities Fund | Global Equities | 10 | 5.84% | — | Jun 2018 | PAXHX vs PAXGX | |
| Pax Ellevate Global Women’s Leadership Fund Instit... | ESG, Global Equities | 68 | 11.88% | — | — | PAXHX vs PXWIX | |
| PAX LARGE CAP FUND | Large Cap Blend Equities | 9 | 1.50% | — | Dec 2016 | PAXHX vs PAXLX | |
| Pax Small Cap Fund | Small Cap Blend Equities | 85 | 22.22% | — | Mar 2008 | PAXHX vs PXSCX | |
| PAX CORE BOND FUND | Intermediate Core Bond | 17 | -0.82% | — | Dec 2016 | PAXHX vs PAXBX |
Often Compared With PAXHX
Investors most often compare PAXHX with EMNT, FITLX, SGOV. These 15 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare PAXHX with Any Fund or Stock
Compare PAXHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAXHX with funds that move differently
Pax High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAXHX.
Explore PAXHX Diversifiers