Rydex High Yield Strategy Fund (RYHDX) 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 RYHDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RYHDX
RYHDX charges 1.53% annually. There are 164 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 | RYHDX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | RYHDX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | RYHDX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | RYHDX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | RYHDX vs CRDOX |
Best Risk-Adjusted Alternatives to RYHDX
RYHDX has a PortfoliosLab risk / return rank of 15. There are 175 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 | RYHDX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | RYHDX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | RYHDX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 97 | — | Jul 2011 | RYHDX vs PRFRX | |
| Penn Capital Short Duration High Income Fund | 96 | — | Jul 2017 | RYHDX vs PSHNX |
Top Performing RYHDX Alternatives (YTD)
RYHDX is at -0.05% YTD. There are 181 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.01%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.01% | — | Dec 2014 | RYHDX vs XILSX | |
| Fairholme Focused Income Fund | 8.37% | — | Dec 2009 | RYHDX vs FOCIX | |
| Fidelity Capital & Income Fund | 7.84% | — | Nov 1977 | RYHDX vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.10% | — | Oct 2018 | RYHDX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.05% | — | Jul 1995 | RYHDX vs FAHCX |
Lowest Volatility Alternatives to RYHDX
RYHDX has 5.16% 1-year volatility. There are 170 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.86% | — | Mar 2019 | RYHDX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.86% | — | Sep 2010 | RYHDX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | RYHDX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | RYHDX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.68% | — | Aug 2002 | RYHDX vs OSTIX |
Lowest Drawdown Alternatives to RYHDX
RYHDX has a 1-year max drawdown of -4.25%. There are 175 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 | RYHDX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | RYHDX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | RYHDX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | RYHDX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | RYHDX vs SCFIX |
Other Mutual Funds from Rydex Funds
The 10 most viewed Rydex Funds mutual funds shown here include RYSIX, RMQAX, RYVYX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Rydex Electronics Fund | Technology Equities | 94 | 82.52% | — | Mar 1998 | RYHDX vs RYSIX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | Leveraged Equities | 49 | 31.99% | — | Nov 2014 | RYHDX vs RMQAX | |
| Rydex NASDAQ-100 2x Strategy Fund | Leveraged Equities | 48 | 32.97% | — | May 2000 | RYHDX vs RYVYX | |
| Rydex S&P 500 2x Strategy Fund | Leveraged Equities | 41 | 15.90% | — | May 2000 | RYHDX vs RYTNX | |
| Rydex Dow Jones Industrial Average Fund | Large Cap Value Equities | 37 | 8.86% | — | Dec 2015 | RYHDX vs RYDAX | |
| Rydex S&P 500 Pure Growth Fund | Large Cap Growth Equities | 55 | 31.58% | — | Feb 2004 | RYHDX vs RYGRX | |
| Rydex Precious Metals Fund | Precious Metals | 23 | -8.81% | — | Nov 1993 | RYHDX vs RYPMX | |
| Rydex Inverse S&P 500 Strategy Fund | Inverse Equities | 0 | -7.04% | — | Jan 1994 | RYHDX vs RYURX | |
| Rydex Inverse NASDAQ-100 Strategy Fund | Inverse Equities | 0 | -15.51% | — | Sep 1998 | RYHDX vs RYAIX | |
| Rydex S&P MidCap 400 Pure Growth Fund | Mid Cap Growth Equities | 49 | 19.83% | — | Feb 2004 | RYHDX vs RYCKX |
Often Compared With RYHDX
Investors most often compare RYHDX with XLV, PRCPX, CPMPX. These 17 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare RYHDX with Any Fund or Stock
Compare RYHDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RYHDX with funds that move differently
Rydex High Yield Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RYHDX.
Explore RYHDX Diversifiers