BGHSX vs. MNHAX
Compare and contrast key facts about BrandywineGLOBAL - High Yield Fund (BGHSX) and Manning & Napier High Yield Bond I (MNHAX).
BGHSX is managed by Franklin Templeton Investments. It was launched on Dec 3, 2014. MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGHSX or MNHAX.
Key characteristics
| BGHSX | MNHAX | |
|---|---|---|
| YTD Return | 8.06% | 9.46% |
| 1Y Return | 17.34% | 18.65% |
| 3Y Return (Ann) | 4.47% | 5.13% |
| 5Y Return (Ann) | 3.76% | 6.98% |
| Sharpe Ratio | 4.73 | 5.82 |
| Sortino Ratio | 9.60 | 10.91 |
| Omega Ratio | 2.41 | 2.71 |
| Calmar Ratio | 3.23 | 5.11 |
| Martin Ratio | 40.31 | 71.59 |
| Ulcer Index | 0.42% | 0.25% |
| Daily Std Dev | 3.62% | 3.12% |
| Max Drawdown | -18.15% | -19.63% |
| Current Drawdown | -0.00% | -0.07% |
Correlation
The correlation between BGHSX and MNHAX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BGHSX vs. MNHAX - Performance Comparison
In the year-to-date period, BGHSX achieves a 8.06% return, which is significantly lower than MNHAX's 9.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BGHSX vs. MNHAX - Expense Ratio Comparison
BGHSX has a 0.54% expense ratio, which is lower than MNHAX's 0.66% expense ratio.
Risk-Adjusted Performance
BGHSX vs. MNHAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - High Yield Fund (BGHSX) and Manning & Napier High Yield Bond I (MNHAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BGHSX vs. MNHAX - Dividend Comparison
BGHSX's dividend yield for the trailing twelve months is around 7.22%, less than MNHAX's 8.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGHSX BrandywineGLOBAL - High Yield Fund | 7.22% | 6.97% | 6.34% | 5.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MNHAX Manning & Napier High Yield Bond I | 8.19% | 8.59% | 7.61% | 9.81% | 6.27% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% | 9.40% | 9.27% |
Drawdowns
BGHSX vs. MNHAX - Drawdown Comparison
The maximum BGHSX drawdown since its inception was -18.15%, smaller than the maximum MNHAX drawdown of -19.63%. Use the drawdown chart below to compare losses from any high point for BGHSX and MNHAX. For additional features, visit the drawdowns tool.
Volatility
BGHSX vs. MNHAX - Volatility Comparison
BrandywineGLOBAL - High Yield Fund (BGHSX) has a higher volatility of 0.67% compared to Manning & Napier High Yield Bond I (MNHAX) at 0.47%. This indicates that BGHSX's price experiences larger fluctuations and is considered to be riskier than MNHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.