SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) 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 SHYAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SHYAX
SHYAX charges 0.89% annually. There are 107 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 | SHYAX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | SHYAX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | SHYAX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | SHYAX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | SHYAX vs CRDOX |
Best Risk-Adjusted Alternatives to SHYAX
SHYAX has a PortfoliosLab risk / return rank of 42. There are 159 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 | SHYAX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | SHYAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | SHYAX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 96 | — | Jul 2014 | SHYAX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 96 | — | Jul 2017 | SHYAX vs PSHNX |
Top Performing SHYAX Alternatives (YTD)
SHYAX is at 0.11% YTD. There are 177 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 | SHYAX vs FAGIX | |
| Pioneer ILS Interval Fund | 8.39% | — | Dec 2014 | SHYAX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.99% | — | Oct 2018 | SHYAX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.94% | — | Jul 1995 | SHYAX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.76% | — | Jan 1987 | SHYAX vs FAHYX |
Lowest Volatility Alternatives to SHYAX
SHYAX has 3.32% 1-year volatility. There are 98 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 | SHYAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | SHYAX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | SHYAX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | SHYAX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | SHYAX vs OSTIX |
Lowest Drawdown Alternatives to SHYAX
SHYAX has a 1-year max drawdown of -2.84%. There are 148 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 | SHYAX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | SHYAX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | SHYAX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | SHYAX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | SHYAX vs SCFIX |
Other Mutual Funds from BlackRock
The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | Tactical Allocation, Derivative Income, ESG | 30 | 11.26% | — | Sep 2021 | SHYAX vs ECAT | |
| iShares S&P 500 Index Fund Class K | S&P 500 | 65 | 9.77% | — | Jul 1993 | SHYAX vs WFSPX | |
| BlackRock Global Long/Short Equity Fund Class I | Long-Short | 96 | 13.03% | — | Dec 2012 | SHYAX vs BDMIX | |
| BlackRock LifePath Index 2055 Fund | Target Retirement Date | 69 | 12.39% | — | May 2011 | SHYAX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | Diversified Portfolio | 77 | 11.90% | — | Dec 1991 | SHYAX vs FASGX | |
| BlackRock Enhanced Equity Dividend Fund | Derivative Income | 28 | 1.80% | — | Aug 2005 | SHYAX vs BDJ | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | Systematic Trend | 64 | 11.89% | — | Jul 2010 | SHYAX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | Technology Equities | 69 | 43.67% | — | Apr 2000 | SHYAX vs BGSAX | |
| Fidelity Asset Manager 85% Fund | Diversified Portfolio | 77 | 14.17% | — | Sep 1999 | SHYAX vs FAMRX | |
| Fidelity Asset Manager 40% Fund | Diversified Portfolio | 79 | 7.45% | — | Oct 2007 | SHYAX vs FFANX |
Often Compared With SHYAX
Investors most often compare SHYAX with SCHD, VOO, PRFRX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare SHYAX with Any Fund or Stock
Compare SHYAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SHYAX with funds that move differently
SEI Institutional Managed Trust High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHYAX.
Explore SHYAX Diversifiers