PHYIX Alternatives & Similar Mutual Funds

Putnam High Yield Fund (PHYIX) 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 PHYIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PHYIX

PHYIX charges 1.01% annually. There are 142 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	PHYIX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	PHYIX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	PHYIX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	PHYIX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	PHYIX vs CRDOX

Best Risk-Adjusted Alternatives to PHYIX

PHYIX has a PortfoliosLab risk / return rank of 76. There are 87 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	PHYIX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	PHYIX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	PHYIX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	PHYIX vs CWFIX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	PHYIX vs PSHNX

Top Performing PHYIX Alternatives (YTD)

PHYIX is at 2.27% YTD. There are 56 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.42%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	9.42%	—	Dec 2014	PHYIX vs XILSX
FOCIX	Fairholme Focused Income Fund	8.44%	—	Dec 2009	PHYIX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	7.17%	—	Nov 1977	PHYIX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	6.58%	—	Oct 2018	PHYIX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	6.53%	—	Jul 1995	PHYIX vs FAHCX

Lowest Volatility Alternatives to PHYIX

PHYIX has 3.05% 1-year volatility. There are 72 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.84%.

Symbol	Name	Volatility 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.84%	—	Sep 2010	PHYIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.85%	—	Mar 2019	PHYIX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.49%	—	Jul 2014	PHYIX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	PHYIX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.69%	—	Aug 2002	PHYIX vs OSTIX

Lowest Drawdown Alternatives to PHYIX

PHYIX has a 1-year max drawdown of -2.81%. There are 146 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	PHYIX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	PHYIX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	PHYIX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	PHYIX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	PHYIX vs SCFIX

Other Mutual Funds from Putnam

The 10 most viewed Putnam mutual funds shown here include PEYAX, PEQSX, PEIYX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PEYAX	Putnam Large Cap Value Fund	Large Cap Value Equities	86	12.23%	—	Jun 1977	PHYIX vs PEYAX
PEQSX	Putnam Large Cap Value Fund Class R6	Large Cap Value Equities	87	12.41%	—	Jul 2012	PHYIX vs PEQSX
PEIYX	Putnam Large Cap Value Fund	Large Cap Value Equities	87	12.37%	—	Jan 1998	PHYIX vs PEIYX
POGAX	Putnam Growth Opportunities Fund	Large Cap Growth Equities	13	4.91%	—	Oct 1995	PHYIX vs POGAX
PGTYX	Putnam Global Technology Fund	Technology Equities	64	31.56%	—	Dec 2008	PHYIX vs PGTYX
PNOPX	Putnam Sustainable Leaders Fund	Large Cap Growth Equities	23	4.96%	—	Aug 1990	PHYIX vs PNOPX
PMYYX	Putnam Multi-Cap Core Fund	Large Cap Blend Equities	55	9.04%	—	Sep 2010	PHYIX vs PMYYX
PGOYX	Putnam Large Cap Growth Y	Large Cap Growth Equities	14	5.05%	—	Aug 1999	PHYIX vs PGOYX
PSDYX	Putnam Ultra Short Duration Income Fund	Ultrashort Bond	99	1.78%	—	Oct 2011	PHYIX vs PSDYX
PNSAX	Putnam Small Cap Growth Fund	Small Cap Growth Equities	30	19.35%	—	Dec 1997	PHYIX vs PNSAX

Often Compared With PHYIX

Investors most often compare PHYIX with VEA, PNRAX, CPMPX. These 17 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VEA	Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	59	12.88%	317.30B	Jul 2007	PHYIX vs VEA
PNRAX	Putnam Research Fund	Large Cap Blend Equities	79	12.81%	—	Oct 1995	PHYIX vs PNRAX
CPMPX	Changing Parameters Fund	High Yield Bonds	82	1.14%	—	Oct 2006	PHYIX vs CPMPX
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	94	3.71%	—	Jun 2019	PHYIX vs FQTIX
JGH	Nuveen Global High Income Fund	High Yield Bonds	10	4.27%	—	Nov 2014	PHYIX vs JGH
PRFRX	T. Rowe Price Floating Rate Fund	High Yield Bonds	90	2.06%	—	Jul 2011	PHYIX vs PRFRX
PRHYX	T. Rowe Price High Yield Fund	High Yield Bonds	80	1.79%	—	Dec 1984	PHYIX vs PRHYX
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	88	2.59%	—	Apr 2014	PHYIX vs PRCPX
VTIAX	Vanguard Total International Stock Index Fund Admi...	Foreign Large Cap Equities	60	13.21%	652.30B	Nov 2010	PHYIX vs VTIAX
RCRYX	Pioneer Corporate High Yield Fund	High Yield Bonds	56	2.15%	—	Jan 2017	PHYIX vs RCRYX
THHYX	Toews Tactical Income Fund	High Yield Bonds	40	0.53%	—	Jun 2010	PHYIX vs THHYX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	78	2.89%	—	Sep 2013	PHYIX vs RSIIX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	97	2.40%	—	Feb 2011	PHYIX vs SHYPX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	97	2.58%	—	Feb 2011	PHYIX vs SHOYX
FSHNX	Fidelity Series High Income Fund	High Yield Bonds	95	3.30%	—	Mar 2011	PHYIX vs FSHNX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	High Yield Bonds	82	6.38%	—	Jan 1987	PHYIX vs FAHYX
PYHRX	Payden High Income Fund	High Yield Bonds	95	2.76%	—	Dec 1997	PHYIX vs PYHRX

Compare PHYIX with Any Fund or Stock

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

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Diversifiers

Pair PHYIX with funds that move differently

Putnam High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PHYIX.

Explore PHYIX Diversifiers

Putnam High Yield Fund (PHYIX) Alternatives