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
Key characteristics
FRFZX:
1.76
MNHAX:
2.12
FRFZX:
3.14
MNHAX:
2.78
FRFZX:
1.63
MNHAX:
1.47
FRFZX:
1.43
MNHAX:
1.75
FRFZX:
6.13
MNHAX:
8.03
FRFZX:
0.87%
MNHAX:
0.96%
FRFZX:
3.04%
MNHAX:
3.62%
FRFZX:
-21.94%
MNHAX:
-19.76%
FRFZX:
-2.85%
MNHAX:
-2.39%
Returns By Period
In the year-to-date period, FRFZX achieves a -1.91% return, which is significantly lower than MNHAX's -0.23% return. Over the past 10 years, FRFZX has outperformed MNHAX with an annualized return of 4.71%, while MNHAX has yielded a comparatively lower 4.13% annualized return.
FRFZX
-1.91%
-1.88%
0.12%
5.23%
8.55%
4.71%
MNHAX
-0.23%
-1.99%
0.63%
7.30%
7.17%
4.13%
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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.
Dividends
FRFZX vs. MNHAX - Dividend Comparison
FRFZX's dividend yield for the trailing twelve months is around 7.86%, more than MNHAX's 7.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | 7.86% | 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 | 7.19% | 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.
Volatility
FRFZX vs. MNHAX - Volatility Comparison
The current volatility for PGIM Floating Rate Income Fund (FRFZX) is 1.42%, while Manning & Napier High Yield Bond I (MNHAX) has a volatility of 2.49%. 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.