FIHBX vs. MNHYX
Compare and contrast key facts about Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Manning & Napier High Yield Bond Series (MNHYX).
FIHBX is managed by Federated. It was launched on Nov 1, 2002. MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIHBX or MNHYX.
Correlation
The correlation between FIHBX and MNHYX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FIHBX vs. MNHYX - Performance Comparison
Key characteristics
FIHBX:
2.38
MNHYX:
2.09
FIHBX:
3.55
MNHYX:
2.72
FIHBX:
1.54
MNHYX:
1.47
FIHBX:
2.72
MNHYX:
1.68
FIHBX:
11.50
MNHYX:
7.59
FIHBX:
0.74%
MNHYX:
0.98%
FIHBX:
3.57%
MNHYX:
3.57%
FIHBX:
-31.43%
MNHYX:
-19.69%
FIHBX:
-0.65%
MNHYX:
-2.20%
Returns By Period
In the year-to-date period, FIHBX achieves a 1.20% return, which is significantly higher than MNHYX's -0.10% return. Over the past 10 years, FIHBX has underperformed MNHYX with an annualized return of 4.53%, while MNHYX has yielded a comparatively higher 5.30% annualized return.
FIHBX
1.20%
0.71%
2.03%
8.49%
5.77%
4.53%
MNHYX
-0.10%
-1.02%
0.69%
7.46%
8.35%
5.30%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIHBX vs. MNHYX - Expense Ratio Comparison
FIHBX has a 0.50% expense ratio, which is lower than MNHYX's 0.90% expense ratio.
Risk-Adjusted Performance
FIHBX vs. MNHYX — Risk-Adjusted Performance Rank
FIHBX
MNHYX
FIHBX vs. MNHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Institutional High Yield Bond Fund (FIHBX) and Manning & Napier High Yield Bond Series (MNHYX). 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
FIHBX vs. MNHYX - Dividend Comparison
FIHBX's dividend yield for the trailing twelve months is around 5.97%, less than MNHYX's 6.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | 5.97% | 5.94% | 5.92% | 6.04% | 5.10% | 5.14% | 5.80% | 6.24% | 5.56% | 5.76% | 6.45% | 6.32% |
MNHYX Manning & Napier High Yield Bond Series | 6.60% | 6.40% | 6.67% | 5.67% | 4.57% | 5.00% | 6.64% | 5.26% | 5.17% | 6.50% | 5.61% | 4.97% |
Drawdowns
FIHBX vs. MNHYX - Drawdown Comparison
The maximum FIHBX drawdown since its inception was -31.43%, which is greater than MNHYX's maximum drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for FIHBX and MNHYX. For additional features, visit the drawdowns tool.
Volatility
FIHBX vs. MNHYX - Volatility Comparison
The current volatility for Federated Hermes Institutional High Yield Bond Fund (FIHBX) is 2.06%, while Manning & Napier High Yield Bond Series (MNHYX) has a volatility of 2.49%. This indicates that FIHBX experiences smaller price fluctuations and is considered to be less risky than MNHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.