Russell Investments Multifactor Bond Fund (RMHYX) belongs to the Global Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RMHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RMHYX
RMHYX charges 0.26% annually. There are 11 mutual funds in the Global Bonds category with lower expense ratios, going as low as 0.06%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity International Bond Index Fund | 0.06% | — | Oct 2019 | RMHYX vs FBIIX | |
| Vanguard Total International Bond II Index Fund | 0.07% | — | Feb 2021 | RMHYX vs VTILX | |
| Vanguard Total International Bond Index Fund Admir... | 0.10% | 122.00B | May 2013 | RMHYX vs VTABX | |
| Vanguard Total International Bond II Index Fund In... | 0.11% | — | Feb 2021 | RMHYX vs VTIIX | |
| Vanguard Total International Bond Index Fund | 0.13% | — | May 2013 | RMHYX vs VTIBX |
Best Risk-Adjusted Alternatives to RMHYX
RMHYX has a PortfoliosLab risk / return rank of 8. There are 50 mutual funds in the Global Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 100 | — | Feb 1996 | RMHYX vs DFGFX | |
| Destinations Global Fixed Income Opportunities Fun... | 98 | — | Mar 2017 | RMHYX vs DGFFX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 93 | — | Dec 2008 | RMHYX vs PRSNX | |
| Eaton Vance Global Bond Fund | 85 | — | Jun 2007 | RMHYX vs EAIIX | |
| DFA Five Year Global Fixed Income Portfolio | 84 | — | Nov 1990 | RMHYX vs DFGBX |
Top Performing RMHYX Alternatives (YTD)
RMHYX is at 0.52% YTD. There are 49 mutual funds in the Global Bonds category with higher YTD returns, going as high as 3.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Bond Fund | 3.37% | — | Jun 2007 | RMHYX vs EAIIX | |
| Dunham International Opportunity Bond Fund | 3.33% | — | Oct 2013 | RMHYX vs DAIOX | |
| Destinations Global Fixed Income Opportunities Fun... | 2.69% | — | Mar 2017 | RMHYX vs DGFFX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 2.59% | — | Dec 2008 | RMHYX vs PRSNX | |
| DFA Global Core Plus Fixed Income Portfolio | 1.99% | — | Jan 2018 | RMHYX vs DGCFX |
Lowest Volatility Alternatives to RMHYX
RMHYX has 6.66% 1-year volatility. There are 64 mutual funds in the Global Bonds category with lower 1-year volatility, going as low as 1.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Payden Global Low Duration Fund | 1.55% | — | Sep 1996 | RMHYX vs PYGSX | |
| DFA Two Year Global Fixed Income Portfolio | 1.59% | — | Feb 1996 | RMHYX vs DFGFX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 1.59% | — | Jan 2008 | RMHYX vs DFSHX | |
| DFA Five Year Global Fixed Income Portfolio | 1.90% | — | Nov 1990 | RMHYX vs DFGBX | |
| SA Global Fixed Income Fund | 1.97% | — | Jul 1999 | RMHYX vs SAXIX |
Lowest Drawdown Alternatives to RMHYX
RMHYX has a 1-year max drawdown of -5.60%. There are 65 mutual funds in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | -0.10% | — | Feb 1996 | RMHYX vs DFGFX | |
| Destinations Global Fixed Income Opportunities Fun... | -1.19% | — | Mar 2017 | RMHYX vs DGFFX | |
| Payden Global Low Duration Fund | -1.23% | — | Sep 1996 | RMHYX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | -1.28% | — | Jan 2008 | RMHYX vs DFSHX | |
| DFA Five Year Global Fixed Income Portfolio | -1.38% | — | Nov 1990 | RMHYX vs DFGBX |
Other Mutual Funds from Russell
The 10 most viewed Russell mutual funds shown here include REBYX, RLVSX, RGEAX and span 8 categories.
Often Compared With RMHYX
Investors most often compare RMHYX with RELVX, SEBFX, FGBRX. These 6 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Russell Investments LifePoints Equity Growth Strat... | Diversified Portfolio | 59 | 10.14% | — | Mar 1998 | RMHYX vs RELVX | |
| Saturna Sustainable Bond Fund | Global Bonds | 34 | 1.70% | — | Mar 2015 | RMHYX vs SEBFX | |
| Templeton Global Bond Fund - Class R | Global Bonds | 8 | 1.46% | — | Feb 2009 | RMHYX vs FGBRX | |
| Russell Investments Equity Income Fund | Large Cap Value Equities | 79 | 12.85% | — | Mar 2000 | RMHYX vs REAYX | |
| Templeton Global Bond Fund | Global Bonds | 9 | 1.57% | — | Sep 1986 | RMHYX vs TPINX | |
| BrandywineGLOBAL - Global Opportunities Bond Fund | Global Bonds | 6 | 1.64% | — | Oct 2006 | RMHYX vs GOBSX |
Compare RMHYX with Any Fund or Stock
Compare RMHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RMHYX with funds that move differently
Russell Investments Multifactor Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RMHYX.
Explore RMHYX Diversifiers