PGIM Short Duration High Yield Opportunities Fund (SDHY) 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 SDHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SDHY
SDHY charges 0.70% annually. There are 63 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset High Yield Opportunity Fund Inc | 0.02% | — | Jul 2010 | SDHY vs HYI | |
| Western Asset Global High Income Fund Inc | 0.02% | — | Jan 2010 | SDHY vs EHI | |
| Western Asset High Income Opportunity Fund Inc | 0.02% | — | Jan 2009 | SDHY vs HIO | |
| Nuveen Floating Rate Income Fund | 0.02% | — | Mar 2004 | SDHY vs JFR | |
| PGIM High Yield Bond Fund | 0.02% | — | Apr 2012 | SDHY vs ISD |
Best Risk-Adjusted Alternatives to SDHY
SDHY has a PortfoliosLab risk / return rank of 11. There are 183 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 | SDHY vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | SDHY vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | SDHY vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 97 | — | Jul 2011 | SDHY vs PRFRX | |
| American Beacon SiM High Yield Opportunities Fund ... | 97 | — | Feb 2011 | SDHY vs SHOYX |
Top Performing SDHY Alternatives (YTD)
SDHY is at 1.57% YTD. There are 82 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 8.49% | — | Dec 2014 | SDHY vs XILSX | |
| RiverNorth Capital and Income Fund | 7.68% | — | — | SDHY vs RSF | |
| Fidelity Capital & Income Fund | 7.39% | — | Nov 1977 | SDHY vs FAGIX | |
| Fairholme Focused Income Fund | 7.06% | — | Dec 2009 | SDHY vs FOCIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.77% | — | Oct 2018 | SDHY vs FIQTX |
Lowest Volatility Alternatives to SDHY
SDHY has 7.33% 1-year volatility. There are 183 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 | SDHY vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | SDHY vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | SDHY vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | SDHY vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | SDHY vs OSTIX |
Lowest Drawdown Alternatives to SDHY
SDHY has a 1-year max drawdown of -6.29%. There are 185 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 | SDHY vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | SDHY vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | SDHY vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | SDHY vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | SDHY vs SCFIX |
Other Mutual Funds from PGIM
The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Growth Fund | Large Cap Growth Equities | 10 | 2.29% | — | Nov 1995 | SDHY vs PJFAX | |
| PGIM High Yield Fund Class R6 | High Yield Bonds | 72 | 1.64% | — | Oct 2011 | SDHY vs PHYQX | |
| PGIM Total Return Bond R6 | Intermediate Core-Plus Bond | 28 | 0.93% | — | Dec 2010 | SDHY vs PTRQX | |
| PGIM Short Duration Multi-Sector Bond Fund | Short-Term Bond | 53 | 0.92% | — | Dec 2013 | SDHY vs SDMZX | |
| PGIM Total Return Bond Fund Class Z | Intermediate Core-Plus Bond | 27 | 0.97% | — | Jan 1997 | SDHY vs PDBZX | |
| PGIM Floating Rate Income Fund | Bank Loan | 96 | 2.18% | — | Mar 2011 | SDHY vs FRFZX | |
| PGIM Short Duration High Yield Income Fund | High Yield Bonds | 68 | 1.25% | — | Oct 2012 | SDHY vs HYSZX | |
| PGIM 60/40 Allocation Fund | Diversified Portfolio | 76 | 6.25% | — | Sep 2017 | SDHY vs PALDX | |
| PGIM High Yield Fund | High Yield Bonds | 68 | 1.48% | — | Jan 1990 | SDHY vs PBHAX | |
| PGIM Jennison International Opportunities Fund | Foreign Large Cap Equities | 10 | 13.25% | — | Jun 2012 | SDHY vs PWJZX |
Often Compared With SDHY
Investors most often compare SDHY with HYDB, JAAA, MIAQX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare SDHY with Any Fund or Stock
Compare SDHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SDHY with funds that move differently
PGIM Short Duration High Yield Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SDHY.
Explore SDHY Diversifiers