RPHIX Alternatives & Similar Mutual Funds

RiverPark Short Term High Yield Fund (RPHIX) 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 RPHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to RPHIX

RPHIX charges 0.89% annually. There are 107 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	RPHIX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	RPHIX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	RPHIX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	RPHIX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	RPHIX vs CRDOX

Best Risk-Adjusted Alternatives to RPHIX

RPHIX has a PortfoliosLab risk / return rank of 100. There are 2 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	RPHIX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	RPHIX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	96	—	Jul 2014	RPHIX vs CWFIX
PSHNX	Penn Capital Short Duration High Income Fund	96	—	Jul 2017	RPHIX vs PSHNX
PRFRX	T. Rowe Price Floating Rate Fund	96	—	Jul 2011	RPHIX vs PRFRX

Top Performing RPHIX Alternatives (YTD)

RPHIX is at 1.87% YTD. There are 49 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.81%.

Symbol	Name	YTD Return	AUM	Inception
FAGIX	Fidelity Capital & Income Fund	8.81%	—	Nov 1977	RPHIX vs FAGIX
XILSX	Pioneer ILS Interval Fund	8.39%	—	Dec 2014	RPHIX vs XILSX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.99%	—	Oct 2018	RPHIX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.94%	—	Jul 1995	RPHIX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.76%	—	Jan 1987	RPHIX vs FAHYX

Lowest Volatility Alternatives to RPHIX

RPHIX has 0.88% 1-year volatility. No mutual funds in the High Yield Bonds category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 0.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	RPHIX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	RPHIX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	RPHIX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.70%	—	Aug 2002	RPHIX vs OSTIX
MDHVX	MainStay MacKay Short Duration High Yield Fund	1.82%	—	Dec 2012	RPHIX vs MDHVX

Lowest Drawdown Alternatives to RPHIX

RPHIX has a 1-year max drawdown of -0.10%. No mutual funds in the High Yield Bonds category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -0.19%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	RPHIX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	RPHIX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	RPHIX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	RPHIX vs SCFIX
THHYX	Toews Tactical Income Fund	-1.12%	—	Jun 2010	RPHIX vs THHYX

Other Mutual Funds from RiverPark Funds

The 5 most viewed RiverPark Funds mutual funds shown here include RSIIX, RPXIX, RCRIX and span 4 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	66	1.69%	—	Sep 2013	RPHIX vs RSIIX
RPXIX	RiverPark Large Growth Fund	Large Cap Growth Equities	8	-1.54%	—	Sep 2010	RPHIX vs RPXIX
RCRIX	RiverPark Floating Rate CMBS Fund	Bank Loan	100	2.14%	—	Sep 2016	RPHIX vs RCRIX
RLSIX	RiverPark Long/Short Opportunity Fund	Long-Short	5	-4.14%	—	Mar 2012	RPHIX vs RLSIX
RWGIX	Wedgewood Fund	Large Cap Growth Equities	9	0.41%	—	Sep 2010	RPHIX vs RWGIX

Often Compared With RPHIX

Investors most often compare RPHIX with LSYAX, LSCIX, TRBUX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
LSYAX	Lord Abbett Short Duration High Yield Fund	High Yield Bonds	76	2.26%	—	May 2020	RPHIX vs LSYAX
LSCIX	Lord Abbett Short Duration Core Bond Fund	Short-Term Bond	59	0.34%	—	Apr 2017	RPHIX vs LSCIX
TRBUX	T. Rowe Price Ultra Short-Term Bond Fund	Ultrashort Bond	99	1.39%	—	Dec 2012	RPHIX vs TRBUX
CSHI	NEOS Enhanced Income 1-3 Month T-Bill ETF	Ultrashort Bond	99	2.39%	1.34B	Aug 2022	RPHIX vs CSHI
VTIP	Vanguard Short-Term Inflation-Protected Securities...	Inflation-Protected Bonds	83	1.36%	70.50B	Oct 2012	RPHIX vs VTIP
FTEC	Fidelity MSCI Information Technology Index ETF	Technology Equities	60	23.56%	21.38B	Oct 2013	RPHIX vs FTEC
SPY	State Street SPDR S&P 500 ETF	S&P 500	59	8.15%	765.27B	Jan 1993	RPHIX vs SPY
MINT	PIMCO Enhanced Short Maturity Active ETF	Ultrashort Bond	100	2.05%	16.23B	Nov 2009	RPHIX vs MINT
RCTIX	River Canyon Total Return Bond Fund	Short-Term Bond	67	0.81%	—	Dec 2014	RPHIX vs RCTIX
CPMPX	Changing Parameters Fund	High Yield Bonds	84	0.85%	—	Oct 2006	RPHIX vs CPMPX
NPHIX	American Century High Income Fund	High Yield Bonds	72	1.32%	—	Dec 2012	RPHIX vs NPHIX
RBNNX	Robinson Opportunistic Income Fund	High Yield Bonds	6	-1.76%	—	Dec 2015	RPHIX vs RBNNX
MKHCX	MainStay MacKay High Yield Corporate Bond Fund	High Yield Bonds	—	—	—	May 1986	RPHIX vs MKHCX
LCCMX	Leader Short Term High Yield Bond Fund	Short-Term Bond	80	4.01%	—	Jul 2005	RPHIX vs LCCMX
HIO	Western Asset High Income Opportunity Fund Inc	High Yield Bonds	5	2.82%	—	Jan 2009	RPHIX vs HIO
FFRHX	Fidelity Floating Rate High Income Fund	Bank Loan	92	1.71%	—	Aug 2000	RPHIX vs FFRHX
CYBIX	Calvert High Yield Bond Fund	High Yield Bonds	47	0.48%	—	Jul 2001	RPHIX vs CYBIX
PHYSX	PIA High Yield Fund	High Yield Bonds	12	1.22%	—	Dec 2010	RPHIX vs PHYSX
DHF	Dimensional High Yield Fund	High Yield Bonds	5	0.33%	—	Jan 2013	RPHIX vs DHF
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	61	1.04%	—	Nov 2002	RPHIX vs FIHBX

Compare RPHIX with Any Fund or Stock

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

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Diversifiers

Pair RPHIX with funds that move differently

RiverPark Short Term High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RPHIX.

Explore RPHIX Diversifiers

RiverPark Short Term High Yield Fund (RPHIX) Alternatives