FRFZX vs. MNHAX
Compare and contrast key facts about PGIM Floating Rate Income Fund (FRFZX) and Manning & Napier High Yield Bond I (MNHAX).
FRFZX is managed by PGIM Investments. It was launched on Mar 29, 2011. 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: FRFZX or MNHAX.
Correlation
The correlation between FRFZX and MNHAX is 0.22, 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
FRFZX vs. MNHAX - Performance Comparison
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Key characteristics
FRFZX:
1.97
MNHAX:
1.56
FRFZX:
3.45
MNHAX:
1.89
FRFZX:
1.71
MNHAX:
1.32
FRFZX:
1.87
MNHAX:
1.21
FRFZX:
7.15
MNHAX:
4.77
FRFZX:
0.82%
MNHAX:
1.12%
FRFZX:
2.97%
MNHAX:
3.63%
FRFZX:
-21.94%
MNHAX:
-19.76%
FRFZX:
-1.36%
MNHAX:
-2.80%
Returns By Period
In the year-to-date period, FRFZX achieves a -0.40% return, which is significantly higher than MNHAX's -0.64% return. Over the past 10 years, FRFZX has outperformed MNHAX with an annualized return of 4.84%, while MNHAX has yielded a comparatively lower 4.08% annualized return.
FRFZX
-0.40%
1.71%
0.85%
5.72%
8.56%
4.84%
MNHAX
-0.64%
1.49%
-0.50%
5.63%
6.74%
4.08%
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FRFZX vs. MNHAX - Expense Ratio Comparison
FRFZX has a 0.70% expense ratio, which is higher than MNHAX's 0.66% expense ratio.
Risk-Adjusted Performance
FRFZX vs. MNHAX — Risk-Adjusted Performance Rank
FRFZX
MNHAX
FRFZX vs. MNHAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Floating Rate Income Fund (FRFZX) 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.
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Dividends
FRFZX vs. MNHAX - Dividend Comparison
FRFZX's dividend yield for the trailing twelve months is around 7.67%, less than MNHAX's 7.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | 7.67% | 8.73% | 8.87% | 7.32% | 3.67% | 5.35% | 5.92% | 5.16% | 4.76% | 4.25% | 3.98% | 4.15% |
MNHAX Manning & Napier High Yield Bond I | 7.92% | 6.95% | 6.91% | 5.88% | 4.65% | 5.04% | 6.64% | 5.14% | 5.00% | 6.19% | 5.35% | 4.72% |
Drawdowns
FRFZX vs. MNHAX - Drawdown Comparison
The maximum FRFZX drawdown since its inception was -21.94%, which is greater than MNHAX's maximum drawdown of -19.76%. Use the drawdown chart below to compare losses from any high point for FRFZX and MNHAX. For additional features, visit the drawdowns tool.
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Volatility
FRFZX vs. MNHAX - Volatility Comparison
The current volatility for PGIM Floating Rate Income Fund (FRFZX) is 0.55%, while Manning & Napier High Yield Bond I (MNHAX) has a volatility of 1.55%. This indicates that FRFZX experiences smaller price fluctuations and is considered to be less risky than MNHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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