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 | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | PHYIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | PHYIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | PHYIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | PHYIX vs VWEHX | |
| 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 73. There are 86 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 | PHYIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | PHYIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | PHYIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 96 | — | Jul 2014 | PHYIX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 96 | — | Jul 2017 | PHYIX vs PSHNX |
Top Performing PHYIX Alternatives (YTD)
PHYIX is at 2.01% YTD. There are 45 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.81%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.81% | — | Nov 1977 | PHYIX vs FAGIX | |
| Pioneer ILS Interval Fund | 8.39% | — | Dec 2014 | PHYIX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.99% | — | Oct 2018 | PHYIX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.94% | — | Jul 1995 | PHYIX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.76% | — | Jan 1987 | PHYIX vs FAHYX |
Lowest Volatility Alternatives to PHYIX
PHYIX has 3.08% 1-year volatility. There are 71 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 | PHYIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | PHYIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | PHYIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | PHYIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | PHYIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | PHYIX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | PHYIX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | PHYIX vs MDHVX | |
| 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 | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 84 | 11.15% | — | Jun 1977 | PHYIX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 85 | 11.31% | — | Jul 2012 | PHYIX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 84 | 11.27% | — | Jan 1998 | PHYIX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 19 | 5.10% | — | Oct 1995 | PHYIX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 84 | 38.23% | — | Dec 2008 | PHYIX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 24 | 3.49% | — | Aug 1990 | PHYIX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 52 | 7.12% | — | Sep 2010 | PHYIX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 20 | 5.22% | — | Aug 1999 | PHYIX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.43% | — | Oct 2011 | PHYIX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 47 | 27.82% | — | Dec 1997 | PHYIX vs PNSAX |
Often Compared With PHYIX
Investors most often compare PHYIX with VEA, CPMPX, PNRAX. These 17 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PHYIX with Any Fund or Stock
Compare PHYIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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