FSHGX vs. MNHYX
Compare and contrast key facts about Fidelity SAI High Income Fund (FSHGX) and Manning & Napier High Yield Bond Series (MNHYX).
FSHGX is managed by Fidelity Investments. It was launched on May 20, 2021. 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: FSHGX or MNHYX.
Correlation
The correlation between FSHGX and MNHYX is 0.78, 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
FSHGX vs. MNHYX - Performance Comparison
Key characteristics
FSHGX:
3.45
MNHYX:
4.39
FSHGX:
5.79
MNHYX:
7.04
FSHGX:
1.84
MNHYX:
2.05
FSHGX:
6.07
MNHYX:
8.47
FSHGX:
21.15
MNHYX:
30.37
FSHGX:
0.51%
MNHYX:
0.36%
FSHGX:
3.15%
MNHYX:
2.51%
FSHGX:
-15.08%
MNHYX:
-19.69%
FSHGX:
-0.11%
MNHYX:
0.00%
Returns By Period
In the year-to-date period, FSHGX achieves a 1.48% return, which is significantly lower than MNHYX's 1.85% return.
FSHGX
1.48%
0.71%
4.60%
11.24%
N/A
N/A
MNHYX
1.85%
0.73%
4.05%
11.00%
5.58%
5.66%
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FSHGX vs. MNHYX - Expense Ratio Comparison
FSHGX has a 0.60% expense ratio, which is lower than MNHYX's 0.90% expense ratio.
Risk-Adjusted Performance
FSHGX vs. MNHYX — Risk-Adjusted Performance Rank
FSHGX
MNHYX
FSHGX vs. MNHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI High Income Fund (FSHGX) 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
FSHGX vs. MNHYX - Dividend Comparison
FSHGX's dividend yield for the trailing twelve months is around 6.10%, which matches MNHYX's 6.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHGX Fidelity SAI High Income Fund | 6.10% | 6.15% | 5.47% | 5.21% | 2.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FSHGX vs. MNHYX - Drawdown Comparison
The maximum FSHGX drawdown since its inception was -15.08%, smaller than the maximum MNHYX drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for FSHGX and MNHYX. For additional features, visit the drawdowns tool.
Volatility
FSHGX vs. MNHYX - Volatility Comparison
Fidelity SAI High Income Fund (FSHGX) has a higher volatility of 0.74% compared to Manning & Napier High Yield Bond Series (MNHYX) at 0.66%. This indicates that FSHGX'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.