RiverNorth/Oaktree High Income Fund (RNHIX) 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 RNHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RNHIX
RNHIX charges 1.81% annually. There are 175 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 | RNHIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | RNHIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | RNHIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | RNHIX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | RNHIX vs CRDOX |
Best Risk-Adjusted Alternatives to RNHIX
RNHIX has a PortfoliosLab risk / return rank of 55. There are 143 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 | RNHIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | RNHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | — | Sep 2010 | RNHIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | RNHIX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | RNHIX vs PSHNX |
Top Performing RNHIX Alternatives (YTD)
RNHIX is at 1.19% YTD. There are 140 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.52%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.52% | — | Nov 1977 | RNHIX vs FAGIX | |
| Pioneer ILS Interval Fund | 8.28% | — | Dec 2014 | RNHIX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.73% | — | Oct 2018 | RNHIX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.68% | — | Jul 1995 | RNHIX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | RNHIX vs FAHYX |
Lowest Volatility Alternatives to RNHIX
RNHIX has 2.75% 1-year volatility. There are 36 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 | RNHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | RNHIX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | RNHIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | RNHIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | RNHIX vs OSTIX |
Lowest Drawdown Alternatives to RNHIX
RNHIX has a 1-year max drawdown of -2.49%. There are 101 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 | RNHIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | RNHIX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | RNHIX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | RNHIX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | RNHIX vs SCFIX |
Other Mutual Funds from RiverNorth Funds
The 1 most viewed RiverNorth Funds mutual funds shown here include RNSIX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RiverNorth Doubleline Strategic Income Fund | Multisector Bonds | 55 | 0.78% | — | Dec 2010 | RNHIX vs RNSIX |
Often Compared With RNHIX
Investors most often compare RNHIX with CLOZ, CPMPX, PRFRX. These 13 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare RNHIX with Any Fund or Stock
Compare RNHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RNHIX with funds that move differently
RiverNorth/Oaktree High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RNHIX.
Explore RNHIX Diversifiers