T. Rowe Price Institutional High Yield Fund (TRHYX) Alternatives
T. Rowe Price Institutional High Yield Fund (TRHYX) 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 TRHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to TRHYX
TRHYX charges 0.50% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among TRHYX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | Dec 24, 2008 | TRHYX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | Nov 12, 2001 | TRHYX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | Dec 26, 2017 | TRHYX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | Dec 27, 1978 | TRHYX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | Nov 22, 2020 | TRHYX vs CRDOX |
Best Risk-Adjusted Alternatives to TRHYX
Among mutual funds in the High Yield Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | Dec 16, 2014 | TRHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | Mar 6, 2019 | TRHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | Sep 30, 2010 | TRHYX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 99 | Jul 29, 2011 | TRHYX vs PRFRX | |
| T. Rowe Price Credit Opportunities Fund | 98 | Apr 29, 2014 | TRHYX vs PRCPX |
Top Performing TRHYX Alternatives (YTD)
TRHYX alternatives from the High Yield Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Fairholme Focused Income Fund | 6.93% | Dec 31, 2009 | TRHYX vs FOCIX | |
| Pioneer ILS Interval Fund | 5.18% | Dec 16, 2014 | TRHYX vs XILSX | |
| RiverPark Short Term High Yield Fund | 1.02% | Sep 30, 2010 | TRHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.96% | Mar 6, 2019 | TRHYX vs CCLFX | |
| Franklin Templeton SMACS: Series I | 0.52% | Jun 3, 2019 | TRHYX vs FQTIX |
Lowest Volatility Alternatives to TRHYX
TRHYX alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.97% | Sep 30, 2010 | TRHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.97% | Mar 6, 2019 | TRHYX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.71% | Jul 15, 2014 | TRHYX vs CWFIX | |
| Changing Parameters Fund | 1.90% | Oct 2, 2006 | TRHYX vs CPMPX | |
| Shenkman Capital Short Duration High Income Fund | 1.96% | Oct 31, 2012 | TRHYX vs SCFIX |
Lowest Drawdown Alternatives to TRHYX
TRHYX alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.21% | Dec 16, 2014 | TRHYX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.41% | Sep 30, 2010 | TRHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.46% | Mar 6, 2019 | TRHYX vs CCLFX | |
| Toews Tactical Income Fund | -1.12% | Jun 4, 2010 | TRHYX vs THHYX | |
| Changing Parameters Fund | -1.31% | Oct 2, 2006 | TRHYX vs CPMPX |
Other Mutual Funds from T. Rowe Price
Most popular T. Rowe Price mutual funds on PortfoliosLab, across asset classes.
Often Compared With TRHYX
What investors most often compare with TRHYX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund | Ultrashort Bond | 100 | 0.65% | Dec 3, 2012 | TRHYX vs TRBUX |
Compare TRHYX with Any Fund or Stock
Compare TRHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.