SHIAX Alternatives & Similar Mutual Funds

Western Asset Short Duration High Income Fund (SHIAX) 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 SHIAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to SHIAX

SHIAX charges 1.01% annually. There are 142 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	SHIAX vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.13%	25.70B	Nov 2001	SHIAX vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	—	Dec 2017	SHIAX vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.23%	25.70B	Dec 1978	SHIAX vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	—	Nov 2020	SHIAX vs CRDOX

Best Risk-Adjusted Alternatives to SHIAX

SHIAX has a PortfoliosLab risk / return rank of 73. There are 103 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	SHIAX vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	—	Mar 2019	SHIAX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	—	Sep 2010	SHIAX vs RPHIX
FSHNX	Fidelity Series High Income Fund	97	—	Mar 2011	SHIAX vs FSHNX
CWFIX	Chartwell Short Duration High Yield Fund	97	—	Jul 2014	SHIAX vs CWFIX

Top Performing SHIAX Alternatives (YTD)

SHIAX is at 1.43% YTD. There are 126 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.43%.

Symbol	Name	YTD Return	AUM	Inception
FAGIX	Fidelity Capital & Income Fund	8.43%	—	Nov 1977	SHIAX vs FAGIX
XILSX	Pioneer ILS Interval Fund	7.97%	—	Dec 2014	SHIAX vs XILSX
FIQTX	Fidelity Advisor High Income Advantage Fund Class ...	7.64%	—	Oct 2018	SHIAX vs FIQTX
FAHCX	Fidelity Advisor High Income Advantage Fund Class ...	7.59%	—	Jul 1995	SHIAX vs FAHCX
FAHYX	Fidelity Advisor High Income Advantage Fund Class ...	7.52%	—	Jan 1987	SHIAX vs FAHYX

Lowest Volatility Alternatives to SHIAX

SHIAX has 3.04% 1-year volatility. There are 70 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
CCLFX	Cliffwater Corporate Lending Fund	0.88%	—	Mar 2019	SHIAX vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	0.88%	—	Sep 2010	SHIAX vs RPHIX
CWFIX	Chartwell Short Duration High Yield Fund	1.49%	—	Jul 2014	SHIAX vs CWFIX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.63%	—	Oct 2012	SHIAX vs SCFIX
OSTIX	Osterweis Strategic Income Fund	1.69%	—	Aug 2002	SHIAX vs OSTIX

Lowest Drawdown Alternatives to SHIAX

SHIAX has a 1-year max drawdown of -2.27%. There are 65 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	SHIAX vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.19%	—	Mar 2019	SHIAX vs CCLFX
XILSX	Pioneer ILS Interval Fund	-0.21%	—	Dec 2014	SHIAX vs XILSX
MDHVX	MainStay MacKay Short Duration High Yield Fund	-1.06%	—	Dec 2012	SHIAX vs MDHVX
SCFIX	Shenkman Capital Short Duration High Income Fund	-1.11%	—	Oct 2012	SHIAX vs SCFIX

Other Mutual Funds from Franklin Templeton

The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FKDNX	Franklin DynaTech Fund	Large Cap Growth Equities	23	13.49%	—	Jan 1968	SHIAX vs FKDNX
FKRCX	Franklin Gold and Precious Metals Fund	Precious Metals	43	6.83%	—	May 1969	SHIAX vs FKRCX
FKINX	Franklin Income Fund Class A1	Diversified Portfolio	87	5.16%	—	—	SHIAX vs FKINX
FKGRX	Franklin Growth Fund	Large Cap Growth Equities	29	7.09%	—	Apr 1948	SHIAX vs FKGRX
EMO	ClearBridge Energy Midstream Opportunity Fund	MLPs, Energy Equities	20	15.80%	—	Jun 2011	SHIAX vs EMO
FRDPX	Franklin Rising Dividends Fund	Large Cap Blend Equities	34	5.86%	—	Jan 1987	SHIAX vs FRDPX
SBLGX	ClearBridge Large Cap Growth Fund	Large Cap Growth Equities	10	5.90%	—	Aug 1997	SHIAX vs SBLGX
SHRAX	ClearBridge Aggressive Growth Fund	Large Cap Blend Equities	9	3.89%	—	Oct 1983	SHIAX vs SHRAX
FRIAX	Franklin Income Fund Advisor Class	Diversified Portfolio	92	5.29%	—	Aug 1997	SHIAX vs FRIAX
SHAPX	ClearBridge Appreciation Fund	Large Cap Blend Equities	37	6.04%	—	Mar 1970	SHIAX vs SHAPX

Often Compared With SHIAX

Investors most often compare SHIAX with FOCIX, PRFRX, PSHNX. These 5 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FOCIX	Fairholme Focused Income Fund	High Yield Bonds	41	7.20%	—	Dec 2009	SHIAX vs FOCIX
PRFRX	T. Rowe Price Floating Rate Fund	High Yield Bonds	96	1.39%	—	Jul 2011	SHIAX vs PRFRX
PSHNX	Penn Capital Short Duration High Income Fund	High Yield Bonds	96	1.63%	—	Jul 2017	SHIAX vs PSHNX
SHOYX	American Beacon SiM High Yield Opportunities Fund ...	High Yield Bonds	96	2.27%	—	Feb 2011	SHIAX vs SHOYX
SHYPX	American Beacon SiM High Yld Opps Fund	High Yield Bonds	96	2.13%	—	Feb 2011	SHIAX vs SHYPX

Compare SHIAX with Any Fund or Stock

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

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Diversifiers

Pair SHIAX with funds that move differently

Western Asset Short Duration High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHIAX.

Explore SHIAX Diversifiers

Western Asset Short Duration High Income Fund (SHIAX) Alternatives