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 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIHBX vs. MNHYX - Performance Comparison
Key characteristics
FIHBX:
2.66
MNHYX:
4.30
FIHBX:
4.32
MNHYX:
6.88
FIHBX:
1.61
MNHYX:
2.02
FIHBX:
4.23
MNHYX:
8.30
FIHBX:
14.53
MNHYX:
29.75
FIHBX:
0.56%
MNHYX:
0.36%
FIHBX:
3.07%
MNHYX:
2.51%
FIHBX:
-31.43%
MNHYX:
-19.69%
FIHBX:
-0.22%
MNHYX:
-0.10%
Returns By Period
In the year-to-date period, FIHBX achieves a 1.15% return, which is significantly lower than MNHYX's 1.75% return. Over the past 10 years, FIHBX has underperformed MNHYX with an annualized return of 4.69%, while MNHYX has yielded a comparatively higher 5.63% annualized return.
FIHBX
1.15%
0.47%
2.99%
8.32%
3.57%
4.69%
MNHYX
1.75%
0.63%
3.64%
10.78%
5.56%
5.63%
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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 5.88%, less than MNHYX's 6.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHBX Federated Hermes Institutional High Yield Bond Fund | 5.88% | 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 | 6.15% | 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
Federated Hermes Institutional High Yield Bond Fund (FIHBX) has a higher volatility of 0.73% compared to Manning & Napier High Yield Bond Series (MNHYX) at 0.67%. This indicates that FIHBX's price experiences larger fluctuations and is considered to be riskier than MNHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.