T. Rowe Price Global High Income Bond Fund (RPIHX) 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 RPIHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RPIHX
RPIHX charges 0.75% annually. There are 71 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 | RPIHX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | RPIHX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | RPIHX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | RPIHX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | RPIHX vs CRDOX |
Best Risk-Adjusted Alternatives to RPIHX
RPIHX has a PortfoliosLab risk / return rank of 90. There are 39 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 | RPIHX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | RPIHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | RPIHX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 96 | — | Jul 2014 | RPIHX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 96 | — | Jul 2017 | RPIHX vs PSHNX |
Top Performing RPIHX Alternatives (YTD)
RPIHX is at 1.35% YTD. There are 115 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.81%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.81% | — | Nov 1977 | RPIHX vs FAGIX | |
| Pioneer ILS Interval Fund | 8.39% | — | Dec 2014 | RPIHX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.99% | — | Oct 2018 | RPIHX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.94% | — | Jul 1995 | RPIHX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.76% | — | Jan 1987 | RPIHX vs FAHYX |
Lowest Volatility Alternatives to RPIHX
RPIHX has 3.21% 1-year volatility. There are 87 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 | RPIHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | RPIHX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | RPIHX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | RPIHX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | RPIHX vs OSTIX |
Lowest Drawdown Alternatives to RPIHX
RPIHX has a 1-year max drawdown of -2.91%. There are 154 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 | RPIHX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | RPIHX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | RPIHX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | RPIHX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | RPIHX 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 | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Blue Chip Growth Fund | Large Cap Growth Equities | 12 | 0.19% | — | Jun 1993 | RPIHX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 39 | 4.53% | — | Jun 1986 | RPIHX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 52 | 8.54% | — | Dec 1992 | RPIHX vs PRDGX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 13 | 0.15% | — | Sep 1985 | RPIHX vs PRWAX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 64 | 10.53% | — | Nov 1994 | RPIHX vs PRCOX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 13 | 0.26% | — | — | RPIHX vs TBCIX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 64 | 9.68% | — | Mar 1990 | RPIHX vs PREIX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 11 | -0.26% | — | Oct 2001 | RPIHX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 89 | 44.94% | — | Sep 1987 | RPIHX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 31 | 8.90% | — | Feb 2004 | RPIHX vs TRRJX |
Often Compared With RPIHX
Investors most often compare RPIHX with BSL, PRHYX, ISD. These 17 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare RPIHX with Any Fund or Stock
Compare RPIHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RPIHX with funds that move differently
T. Rowe Price Global High Income Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RPIHX.
Explore RPIHX Diversifiers