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 109 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 99. 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 Class I Shares	100	—	Jun 2019	RPHIX vs CCLFX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	RPHIX vs PSHNX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	RPHIX vs CWFIX
ICMUX	Intrepid Income Fund	96	—	Aug 2010	RPHIX vs ICMUX

Top Performing RPHIX Alternatives (YTD)

RPHIX is at 1.83% YTD. There are 57 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.56%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	10.56%	—	Dec 2014	RPHIX vs XILSX
FOCIX	Fairholme Focused Income Fund	10.04%	—	Dec 2009	RPHIX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	5.94%	—	Nov 1977	RPHIX vs FAGIX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	5.45%	—	Oct 2018	RPHIX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	5.40%	—	Jul 1995	RPHIX vs FAHCX

Lowest Volatility Alternatives to RPHIX

RPHIX has 0.86% 1-year volatility. There is 1 mutual fund in the High Yield Bonds category with lower 1-year volatility, going as low as 0.85%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	0.85%	—	Jun 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	1.69%	—	Oct 2012	RPHIX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.77%	—	Aug 2002	RPHIX vs OSTIX
MDHVX	MainStay MacKay Short Duration High Yield Fund	1.85%	—	Dec 2012	RPHIX vs MDHVX

Lowest Drawdown Alternatives to RPHIX

RPHIX has a 1-year max drawdown of -0.21%. There are 2 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
XILSX	Pioneer ILS Interval Fund	-0.10%	—	Dec 2014	RPHIX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	-0.19%	—	Jun 2019	RPHIX vs CCLFX
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	65	2.20%	—	Sep 2013	RPHIX vs RSIIX
RPXIX	RiverPark Large Growth Fund	Large Cap Growth Equities	9	1.44%	—	Sep 2010	RPHIX vs RPXIX
RCRIX	RiverPark Floating Rate CMBS Fund	Bank Loan	99	2.20%	—	Sep 2016	RPHIX vs RCRIX
RLSIX	RiverPark Long/Short Opportunity Fund	Long-Short	5	-2.26%	—	Mar 2012	RPHIX vs RLSIX
RWGIX	Wedgewood Fund	Large Cap Growth Equities	10	4.48%	—	Sep 2010	RPHIX vs RWGIX

Often Compared With RPHIX

Investors most often compare RPHIX with LSYAX, LSCIX, CSHI. These 20 comparison targets span 6 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	60	1.63%	—	May 2020	RPHIX vs LSYAX
LSCIX	Lord Abbett Short Duration Core Bond Fund	Short-Term Bond	68	0.60%	—	Apr 2017	RPHIX vs LSCIX
CSHI	NEOS Enhanced Income 1-3 Month T-Bill ETF	Ultrashort Bond	99	2.98%	1.54B	Aug 2022	RPHIX vs CSHI
TRBUX	T. Rowe Price Ultra Short-Term Bond Fund	Ultrashort Bond	98	2.12%	—	Dec 2012	RPHIX vs TRBUX
VTIP	Vanguard Short-Term Inflation-Protected Securities...	Inflation-Protected Bonds	88	1.77%	71.10B	Oct 2012	RPHIX vs VTIP
FTEC	Fidelity MSCI Information Technology Index ETF	Technology Equities	61	22.53%	20.96B	Oct 2013	RPHIX vs FTEC
SPY	State Street SPDR S&P 500 ETF	S&P 500	78	11.70%	789.06B	Jan 1993	RPHIX vs SPY
RCTIX	River Canyon Total Return Bond Fund	Short-Term Bond	82	1.44%	—	Dec 2014	RPHIX vs RCTIX
CPMPX	Changing Parameters Fund	High Yield Bonds	74	0.76%	—	Oct 2006	RPHIX vs CPMPX
MINT	PIMCO Enhanced Short Maturity Active ETF	Ultrashort Bond	100	2.49%	16.43B	Nov 2009	RPHIX vs MINT
NPHIX	American Century High Income Fund	High Yield Bonds	54	0.93%	—	Dec 2012	RPHIX vs NPHIX
MKHCX	MainStay MacKay High Yield Corporate Bond Fund	High Yield Bonds	—	—	—	May 1986	RPHIX vs MKHCX
RBNNX	Robinson Opportunistic Income Fund	High Yield Bonds	4	-1.56%	—	Dec 2015	RPHIX vs RBNNX
LCCMX	Leader Short Term High Yield Bond Fund	Short-Term Bond	77	3.65%	—	Jul 2005	RPHIX vs LCCMX
DHF	Dimensional High Yield Fund	High Yield Bonds	5	0.64%	—	Jan 2013	RPHIX vs DHF
PHYSX	PIA High Yield Fund	High Yield Bonds	9	1.05%	—	Dec 2010	RPHIX vs PHYSX
FIHBX	Federated Hermes Institutional High Yield Bond Fun...	High Yield Bonds	49	0.74%	—	Nov 2002	RPHIX vs FIHBX
HIX	Western Asset High Income Fund II	High Yield Bonds	10	1.78%	—	May 1998	RPHIX vs HIX
HIO	Western Asset High Income Opportunity Fund Inc	High Yield Bonds	4	1.83%	—	Jan 2009	RPHIX vs HIO
CYBIX	Calvert High Yield Bond Fund	High Yield Bonds	35	0.27%	—	Jul 2001	RPHIX vs CYBIX

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