Western Asset High Yield Fund (WAHYX) 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 WAHYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WAHYX
WAHYX charges 0.81% annually. There are 93 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 | WAHYX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | WAHYX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | WAHYX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | WAHYX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | WAHYX vs CRDOX |
Best Risk-Adjusted Alternatives to WAHYX
WAHYX has a PortfoliosLab risk / return rank of 71. There are 101 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 | WAHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | WAHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 99 | — | Sep 2010 | WAHYX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | WAHYX vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | WAHYX vs PSHNX |
Top Performing WAHYX Alternatives (YTD)
WAHYX is at 1.35% YTD. There are 125 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.52%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.52% | — | Nov 1977 | WAHYX vs FAGIX | |
| Pioneer ILS Interval Fund | 8.28% | — | Dec 2014 | WAHYX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.73% | — | Oct 2018 | WAHYX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.68% | — | Jul 1995 | WAHYX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | WAHYX vs FAHYX |
Lowest Volatility Alternatives to WAHYX
WAHYX has 3.44% 1-year volatility. There are 119 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 | WAHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | WAHYX vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | WAHYX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | WAHYX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | WAHYX vs OSTIX |
Lowest Drawdown Alternatives to WAHYX
WAHYX 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 | WAHYX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | WAHYX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | WAHYX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | WAHYX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | WAHYX vs SCFIX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 18 | 10.75% | — | Jan 1968 | WAHYX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 33 | -0.48% | — | May 1969 | WAHYX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 84 | 4.75% | — | — | WAHYX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 26 | 5.85% | — | Apr 1948 | WAHYX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 18 | 14.85% | — | Jun 2011 | WAHYX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 32 | 5.43% | — | Jan 1987 | WAHYX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 8 | 2.89% | — | Aug 1997 | WAHYX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 2.52% | — | Oct 1983 | WAHYX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 89 | 4.88% | — | Aug 1997 | WAHYX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 34 | 5.24% | — | Mar 1970 | WAHYX vs SHAPX |
Often Compared With WAHYX
Investors most often compare WAHYX with SHYPX, PRFRX, SHOYX. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| American Beacon SiM High Yld Opps Fund | High Yield Bonds | 96 | 1.91% | — | Feb 2011 | WAHYX vs SHYPX | |
| T. Rowe Price Floating Rate Fund | High Yield Bonds | 96 | 0.95% | — | Jul 2011 | WAHYX vs PRFRX | |
| American Beacon SiM High Yield Opportunities Fund ... | High Yield Bonds | 96 | 2.06% | — | Feb 2011 | WAHYX vs SHOYX | |
| Fairholme Focused Income Fund | High Yield Bonds | 38 | 6.44% | — | Dec 2009 | WAHYX vs FOCIX | |
| Fidelity Series High Income Fund | High Yield Bonds | 96 | 3.22% | — | Mar 2011 | WAHYX vs FSHNX | |
| Nuveen Global High Income Fund | High Yield Bonds | 15 | 5.00% | — | Nov 2014 | WAHYX vs JGH |
Compare WAHYX with Any Fund or Stock
Compare WAHYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WAHYX with funds that move differently
Western Asset High Yield Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WAHYX.
Explore WAHYX Diversifiers