PACE High Yield Investments (PHYPX) 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 PHYPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PHYPX
PHYPX 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 | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | PHYPX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | 25.70B | Nov 2001 | PHYPX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | PHYPX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | Dec 1978 | PHYPX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | PHYPX vs CRDOX |
Best Risk-Adjusted Alternatives to PHYPX
PHYPX has a PortfoliosLab risk / return rank of 43. There are 160 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 | PHYPX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | PHYPX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | PHYPX vs RPHIX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | PHYPX vs FSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | PHYPX vs CWFIX |
Top Performing PHYPX Alternatives (YTD)
PHYPX is at 1.82% YTD. There are 67 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 | PHYPX vs FAGIX | |
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | PHYPX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.64% | — | Oct 2018 | PHYPX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.59% | — | Jul 1995 | PHYPX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | PHYPX vs FAHYX |
Lowest Volatility Alternatives to PHYPX
PHYPX has 5.01% 1-year volatility. There are 169 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 | PHYPX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | PHYPX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | PHYPX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | PHYPX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | PHYPX vs OSTIX |
Lowest Drawdown Alternatives to PHYPX
PHYPX has a 1-year max drawdown of -3.40%. There are 171 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 | PHYPX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | PHYPX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | PHYPX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | PHYPX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | PHYPX vs SCFIX |
Other Mutual Funds from UBS
The 10 most viewed UBS mutual funds shown here include EMPTX, QGRPX, UTBPX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| UBS Emerging Markets Equity Opportunity Fund | Emerging Markets Diversified | 94 | 30.51% | — | May 2018 | PHYPX vs EMPTX | |
| UBS US Quality Growth At Reasonable Price Fund | Large Cap Growth Equities | 19 | 4.11% | — | Jul 2020 | PHYPX vs QGRPX | |
| UBS Multi Income Bond Fund | Intermediate Core-Plus Bond | 40 | 1.31% | — | Dec 1972 | PHYPX vs UTBPX | |
| UBS US Dividend Ruler Fund | Large Cap Value Equities | 71 | 11.72% | — | Jul 2020 | PHYPX vs DVRUX | |
| UBS U.S. Allocation Fund | Diversified Portfolio | 75 | 8.36% | — | May 1993 | PHYPX vs PWTYX | |
| PACE Municipal Fixed Income Investments | Municipal Bonds | 74 | 1.20% | — | Aug 1995 | PHYPX vs PCMNX | |
| PACE Alternative Strategies Investments | Multistrategy | 53 | 4.04% | — | Apr 2006 | PHYPX vs PASIX | |
| UBS Global Allocation Fund | Global Allocation | 74 | 9.08% | — | Aug 1992 | PHYPX vs BPGLX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | Intermediate Core Bond | 55 | 3.02% | — | Aug 1995 | PHYPX vs PCGTX | |
| UBS Ultra Short Income Fund | Ultrashort Bond | — | — | — | May 2018 | PHYPX vs USIAX |
Often Compared With PHYPX
Investors most often compare PHYPX with FOCIX, BNUEX, SHOYX. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | High Yield Bonds | 41 | 7.20% | — | Dec 2009 | PHYPX vs FOCIX | |
| UBS International Sustainable Equity Fund | Foreign Large Cap Equities | 33 | 6.48% | — | Aug 1993 | PHYPX vs BNUEX | |
| American Beacon SiM High Yield Opportunities Fund ... | High Yield Bonds | 96 | 2.27% | — | Feb 2011 | PHYPX vs SHOYX | |
| American Beacon SiM High Yld Opps Fund | High Yield Bonds | 96 | 2.13% | — | Feb 2011 | PHYPX vs SHYPX |
Compare PHYPX with Any Fund or Stock
Compare PHYPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PHYPX with funds that move differently
PACE High Yield Investments alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PHYPX.
Explore PHYPX Diversifiers