RYHDX Alternatives & Similar Mutual Funds

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 166 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	RYHDX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.12%	25.80B	Nov 2001	RYHDX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	RYHDX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.22%	25.80B	Dec 1978	RYHDX vs VWEHX
CRDOX	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 19. There are 177 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	RYHDX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	100	—	Jun 2019	RYHDX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	RYHDX vs RPHIX
ICMUX	Intrepid Income Fund	97	—	Aug 2010	RYHDX vs ICMUX
PSHNX	Penn Capital Short Duration High Income Fund	97	—	Jul 2017	RYHDX vs PSHNX

Top Performing RYHDX Alternatives (YTD)

RYHDX is at -0.60% YTD. There are 185 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.

Symbol	Name	YTD Return	AUM	Inception
XILSX	Pioneer ILS Interval Fund	10.04%	—	Dec 2014	RYHDX vs XILSX
FOCIX	Fairholme Focused Income Fund	9.48%	—	Dec 2009	RYHDX vs FOCIX
FAGIX	Fidelity Capital & Income Fund	5.47%	—	Nov 1977	RYHDX vs FAGIX
JGH	Nuveen Global High Income Fund	5.11%	—	Nov 2014	RYHDX vs JGH
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	4.93%	—	Oct 2018	RYHDX vs FIQTX

Lowest Volatility Alternatives to RYHDX

RYHDX has 5.20% 1-year volatility. There are 173 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.

Symbol	Name	Volatility 1Y	AUM	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.83%	—	Sep 2010	RYHDX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	0.85%	—	Jun 2019	RYHDX vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.51%	—	Jul 2014	RYHDX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.64%	—	Oct 2012	RYHDX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.77%	—	Aug 2002	RYHDX vs OSTIX

Lowest Drawdown Alternatives to RYHDX

RYHDX has a 1-year max drawdown of -4.25%. There are 179 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
RPHIX	RiverPark Short Term High Yield Fund	-0.10%	—	Sep 2010	RYHDX vs RPHIX
XILSX	Pioneer ILS Interval Fund	-0.10%	—	Dec 2014	RYHDX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund Class I Shares	-0.19%	—	Jun 2019	RYHDX vs CCLFX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	RYHDX vs MDHVX
SCFIX	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 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
RYSIX	Rydex Electronics Fund	Technology Equities	84	54.19%	—	Mar 1998	RYHDX vs RYSIX
RMQAX	Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun...	Leveraged Equities	28	16.20%	—	Nov 2014	RYHDX vs RMQAX
RYVYX	Rydex NASDAQ-100 2x Strategy Fund	Leveraged Equities	27	17.04%	—	May 2000	RYHDX vs RYVYX
RYTNX	Rydex S&P 500 2x Strategy Fund	Leveraged Equities	38	13.96%	—	May 2000	RYHDX vs RYTNX
RYDAX	Rydex Dow Jones Industrial Average Fund	Large Cap Value Equities	52	8.60%	—	Dec 2015	RYHDX vs RYDAX
RYGRX	Rydex S&P 500 Pure Growth Fund	Large Cap Growth Equities	21	18.58%	—	Feb 2004	RYHDX vs RYGRX
RYPMX	Rydex Precious Metals Fund	Precious Metals	31	-8.85%	—	Nov 1993	RYHDX vs RYPMX
RYNVX	Rydex Nova Fund	Leveraged Equities	41	11.40%	—	Jul 1993	RYHDX vs RYNVX
RYTIX	Rydex Technology Fund	Technology Equities	52	23.01%	—	Apr 1998	RYHDX vs RYTIX
RYAIX	Rydex Inverse NASDAQ-100 Strategy Fund	Inverse Equities	1	-9.23%	—	Sep 1998	RYHDX vs RYAIX

Often Compared With RYHDX

Investors most often compare RYHDX with XLV, PRFRX, PRCPX. These 18 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XLV	State Street Health Care Select Sector SPDR ETF	Health & Biotech Equities	72	5.90%	42.10B	Dec 1998	RYHDX vs XLV
PRFRX	T. Rowe Price Floating Rate Fund - Investor Class	High Yield Bonds	90	1.84%	—	Jul 2011	RYHDX vs PRFRX
PRCPX	T. Rowe Price Credit Opportunities Fund	High Yield Bonds	77	1.69%	—	Apr 2014	RYHDX vs PRCPX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	High Yield Bonds	71	4.88%	—	Jul 1995	RYHDX vs FAHCX
RYTPX	Rydex Inverse S&P 500 2x Strategy Fund	Inverse Equities	0	-13.45%	—	May 2000	RYHDX vs RYTPX
RSIIX	RiverPark Strategic Income Fund	High Yield Bonds	69	2.32%	—	Sep 2013	RYHDX vs RSIIX
CPMPX	Changing Parameters Fund	High Yield Bonds	80	0.85%	—	Oct 2006	RYHDX vs CPMPX
RYRRX	Rydex Russell 2000 Fund	Small Cap Blend Equities	72	18.26%	—	May 2006	RYHDX vs RYRRX
PYHRX	Payden High Income Fund	High Yield Bonds	94	2.35%	—	Dec 1997	RYHDX vs PYHRX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	1.93%	—	Feb 2011	RYHDX vs SHOYX
FQTIX	Franklin Templeton SMACS: Series I	High Yield Bonds	92	3.15%	—	Jun 2019	RYHDX vs FQTIX
RYCKX	Rydex S&P MidCap 400 Pure Growth Fund	Mid Cap Growth Equities	23	12.35%	—	Feb 2004	RYHDX vs RYCKX
RYURX	Rydex Inverse S&P 500 Strategy Fund	Inverse Equities	0	-6.06%	—	Jan 1994	RYHDX vs RYURX
RYGBX	Rydex Government Long Bond 1.2x Strategy Fund	Leveraged Bonds	2	-5.29%	—	Jan 1994	RYHDX vs RYGBX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	High Yield Bonds	67	4.77%	—	Jan 1987	RYHDX vs FAHYX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	96	1.75%	—	Feb 2011	RYHDX vs SHYPX
FSHNX	Fidelity Series High Income Fund	High Yield Bonds	95	2.61%	—	Mar 2011	RYHDX vs FSHNX
THHYX	Toews Tactical Income Fund	High Yield Bonds	26	-0.03%	—	Jun 2010	RYHDX vs THHYX

Compare RYHDX with Any Fund or Stock

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

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Diversifiers

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

Rydex High Yield Strategy Fund (RYHDX) Alternatives