T. Rowe Price High Yield Fund Class I (PRHIX) 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 PRHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PRHIX
PRHIX charges 0.62% annually. There are 35 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 | PRHIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | PRHIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | PRHIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | PRHIX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | PRHIX vs CRDOX |
Best Risk-Adjusted Alternatives to PRHIX
PRHIX has a PortfoliosLab risk / return rank of 69. There are 112 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 | PRHIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | PRHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | PRHIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | PRHIX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | PRHIX vs PSHNX |
Top Performing PRHIX Alternatives (YTD)
PRHIX is at 1.08% YTD. There are 158 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fairholme Focused Income Fund | 10.25% | — | Dec 2009 | PRHIX vs FOCIX | |
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | PRHIX vs XILSX | |
| Fidelity Capital & Income Fund | 6.80% | — | Nov 1977 | PRHIX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.24% | — | Oct 2018 | PRHIX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.18% | — | Jul 1995 | PRHIX vs FAHCX |
Lowest Volatility Alternatives to PRHIX
PRHIX has 3.26% 1-year volatility. There are 95 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 | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.84% | — | Sep 2010 | PRHIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | PRHIX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | PRHIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | PRHIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | PRHIX vs OSTIX |
Lowest Drawdown Alternatives to PRHIX
PRHIX has a 1-year max drawdown of -2.18%. There are 53 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 | PRHIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | PRHIX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | PRHIX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | PRHIX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | PRHIX vs SCFIX |
Other Mutual Funds from T. Rowe Price
The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Blue Chip Growth Fund | Large Cap Growth Equities | 9 | -0.31% | — | Jun 1993 | PRHIX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 49 | 6.88% | — | Jun 1986 | PRHIX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 63 | 10.37% | — | Dec 1992 | PRHIX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 57 | 10.48% | — | Nov 1994 | PRHIX vs PRCOX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 10 | -0.24% | — | — | PRHIX vs TBCIX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 11 | 0.10% | — | Sep 1985 | PRHIX vs PRWAX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 60 | 10.35% | — | Mar 1990 | PRHIX vs PREIX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 12 | 2.14% | — | Oct 2001 | PRHIX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 51 | 23.78% | — | Sep 1987 | PRHIX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 27 | 8.30% | — | Feb 2004 | PRHIX vs TRRJX |
Often Compared With PRHIX
Investors most often compare PRHIX with CGHY.TO, SCYB, CGHY. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare PRHIX with Any Fund or Stock
Compare PRHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PRHIX with funds that move differently
T. Rowe Price High Yield Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRHIX.
Explore PRHIX Diversifiers