PRHYX Alternatives & Similar Mutual Funds

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

Cheapest Alternatives to PRHYX

PRHYX charges 0.70% annually. There are 53 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	PRHYX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	PRHYX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	PRHYX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	PRHYX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	PRHYX vs CRDOX

Best Risk-Adjusted Alternatives to PRHYX

PRHYX has a PortfoliosLab risk / return rank of 74. There are 92 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	PRHYX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	PRHYX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	99	—	Sep 2010	PRHYX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	PRHYX vs CWFIX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	PRHYX vs PSHNX

Top Performing PRHYX Alternatives (YTD)

PRHYX is at 1.39% YTD. There are 119 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.52%.

Symbol	Name	YTD Return	AUM	Inception
FAGIX	Fidelity Capital & Income Fund	8.52%	—	Nov 1977	PRHYX vs FAGIX
XILSX	Pioneer ILS Interval Fund	8.28%	—	Dec 2014	PRHYX vs XILSX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.73%	—	Oct 2018	PRHYX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.68%	—	Jul 1995	PRHYX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.52%	—	Jan 1987	PRHYX vs FAHYX

Lowest Volatility Alternatives to PRHYX

PRHYX has 3.18% 1-year volatility. There are 83 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
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	PRHYX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	PRHYX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	PRHYX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	PRHYX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.70%	—	Aug 2002	PRHYX vs OSTIX

Lowest Drawdown Alternatives to PRHYX

PRHYX has a 1-year max drawdown of -2.17%. There are 52 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	PRHYX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	PRHYX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	PRHYX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	PRHYX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	PRHYX 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
TRBCX	T. Rowe Price Blue Chip Growth Fund	Large Cap Growth Equities	14	1.82%	—	Jun 1993	PRHYX vs TRBCX
PRWCX	T. Rowe Price Capital Appreciation Fund	Diversified Portfolio	39	4.62%	—	Jun 1986	PRHYX vs PRWCX
PRDGX	T. Rowe Price Dividend Growth Fund, Inc.	Large Cap Blend Equities, Dividend	52	8.38%	—	Dec 1992	PRHYX vs PRDGX
PRWAX	T. Rowe Price All-Cap Opportunities Fund	Large Cap Growth Equities	13	0.66%	—	Sep 1985	PRHYX vs PRWAX
PRCOX	T. Rowe Price U.S. Equity Research Fund	Large Cap Blend Equities	64	10.90%	—	Nov 1994	PRHYX vs PRCOX
TBCIX	T. Rowe Price Blue Chip Growth Fund I Class	Large Cap Growth Equities	15	1.88%	—	—	PRHYX vs TBCIX
PREIX	T. Rowe Price Equity Index 500 Fund	Large Cap Blend Equities	65	10.08%	—	Mar 1990	PRHYX vs PREIX
TRLGX	T. Rowe Price Large-Cap Growth Fund	Large Cap Growth Equities	12	1.37%	—	Oct 2001	PRHYX vs TRLGX
PRSCX	T. Rowe Price Science And Technology Fund	Technology Equities	87	42.10%	—	Sep 1987	PRHYX vs PRSCX
TRRJX	T. Rowe Price Retirement 2035 Fund	Target Retirement Date	31	9.02%	—	Feb 2004	PRHYX vs TRRJX

Often Compared With PRHYX

Investors most often compare PRHYX with TUHIX, PHYQX, SPHIX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TUHIX	T. Rowe Price U.S. High Yield Fund	High Yield Bonds	67	1.51%	—	Apr 2013	PRHYX vs TUHIX
PHYQX	PGIM High Yield Fund Class R6	High Yield Bonds	72	1.85%	—	Oct 2011	PRHYX vs PHYQX
SPHIX	Fidelity High Income Fund	High Yield Bonds	94	3.57%	—	Aug 1990	PRHYX vs SPHIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	Government Bonds	85	0.45%	33.90B	Dec 2009	PRHYX vs VSBSX
RPSIX	T. Rowe Price Spectrum Income Fund	Multisector Bonds	86	1.27%	—	Jun 1990	PRHYX vs RPSIX
HYDB	iShares High Yield Bond Factor ETF	High Yield Bonds	54	1.58%	1.63B	Jul 2017	PRHYX vs HYDB
BLV	Vanguard Long-Term Bond ETF	Long-Term Bond	20	0.81%	8.50B	Apr 2007	PRHYX vs BLV
RPIEX	T. Rowe Price Dynamic Global Bond Fund	Nontraditional Bonds	30	3.29%	—	Jan 2015	PRHYX vs RPIEX
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	93	1.41%	—	Apr 2014	PRHYX vs PRCPX
PRIPX	T. Rowe Price Inflation Protected Bond Fund	Inflation-Protected Bonds	12	0.91%	—	Oct 2002	PRHYX vs PRIPX
THYF	T. Rowe Price U.S. High Yield ETF	High Yield Bonds	59	2.00%	818.81M	Oct 2022	PRHYX vs THYF
HYT	BlackRock Corporate High Yield Fund	High Yield Bonds	2	0.95%	—	May 2003	PRHYX vs HYT
RPIHX	T. Rowe Price Global High Income Bond Fund	High Yield Bonds	90	1.46%	—	Jan 2015	PRHYX vs RPIHX
THHYX	Toews Tactical Income Fund	High Yield Bonds	44	0.58%	—	Jun 2010	PRHYX vs THHYX
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	54	1.65%	16.56B	Apr 2007	PRHYX vs HYG
FGUMX	Fidelity Advisor High Income Fund Class Z	High Yield Bonds	94	3.60%	—	Dec 2018	PRHYX vs FGUMX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	68	1.69%	—	Sep 2013	PRHYX vs RSIIX
PYHRX	Payden High Income Fund	High Yield Bonds	95	2.44%	—	Dec 1997	PRHYX vs PYHRX
FCBFX	Fidelity Corporate Bond Fund	Corporate Bonds	22	0.46%	—	May 2010	PRHYX vs FCBFX
FGQMX	Fidelity Advisor High Income Fund Class A	High Yield Bonds	94	3.45%	—	Dec 2018	PRHYX vs FGQMX

Compare PRHYX with Any Fund or Stock

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

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Diversifiers

Pair PRHYX with funds that move differently

T. Rowe Price High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRHYX.

Explore PRHYX Diversifiers

T. Rowe Price High Yield Fund (PRHYX) Alternatives