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 115 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 | 0.13% | 25.70B | Nov 2001 | PAXHX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | PAXHX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | 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 72. There are 104 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 | 100 | — | Mar 2019 | PAXHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | PAXHX vs RPHIX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | PAXHX vs FSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | PAXHX vs CWFIX |
Top Performing PAXHX Alternatives (YTD)
PAXHX is at 1.72% YTD. There are 85 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.43% | — | Nov 1977 | PAXHX vs FAGIX | |
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | PAXHX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.64% | — | Oct 2018 | PAXHX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.59% | — | Jul 1995 | PAXHX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | PAXHX vs FAHYX |
Lowest Volatility Alternatives to PAXHX
PAXHX has 3.28% 1-year volatility. There are 96 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 | PAXHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | PAXHX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | PAXHX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | PAXHX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | PAXHX vs OSTIX |
Lowest Drawdown Alternatives to PAXHX
PAXHX has a 1-year max drawdown of -2.45%. There are 90 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 | PAXHX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | PAXHX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | PAXHX vs XILSX | |
| 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 8 most viewed Pax World mutual funds shown here include PGINX, PAXWX, PAXDX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Impax Global Environmental Markets Fund Institutio... | Global Equities, Sustainable, Alternative Energy Equities | 37 | 17.68% | — | Mar 2008 | PAXHX vs PGINX | |
| Pax Sustainable Allocation Fund | Diversified Portfolio | 43 | 5.40% | — | Aug 1971 | PAXHX vs PAXWX | |
| Pax Global Sustainable Infrastructure Fund | Energy Equities | 15 | 5.11% | — | Dec 2016 | PAXHX vs PAXDX | |
| Pax U.S. Sustainable Economy Fund | Large Cap Blend Equities | 76 | 13.32% | — | Jun 1997 | PAXHX vs PXWGX | |
| PAX LARGE CAP FUND | Large Cap Blend Equities | 22 | 4.36% | — | Dec 2016 | PAXHX vs PAXLX | |
| Pax Small Cap Fund | Small Cap Blend Equities | 53 | 12.12% | — | Mar 2008 | PAXHX vs PXSCX | |
| Pax Global Opportunities Fund | Global Equities | 9 | 5.23% | — | Jun 2018 | PAXHX vs PAXGX | |
| PAX CORE BOND FUND | Intermediate Core Bond | 21 | 0.32% | — | Dec 2016 | PAXHX vs PAXBX |
Often Compared With PAXHX
Investors most often compare PAXHX with EMNT, FITLX, SGOV. These 15 comparison targets span 3 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