ICMUX vs. MNHAX
Compare and contrast key facts about Intrepid Income Fund (ICMUX) and Manning & Napier High Yield Bond I (MNHAX).
ICMUX is managed by Intrepid Funds. It was launched on Jul 1, 2007. MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012.
Performance
ICMUX vs. MNHAX - Performance Comparison
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ICMUX vs. MNHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICMUX Intrepid Income Fund | -0.24% | 8.16% | 10.43% | 10.90% | -3.17% | 10.02% | 8.77% | 4.65% | 0.53% | 3.79% |
MNHAX Manning & Napier High Yield Bond I | -1.67% | 6.90% | 9.29% | 13.49% | -7.38% | 10.27% | 6.58% | 14.25% | -0.98% | 8.68% |
Returns By Period
In the year-to-date period, ICMUX achieves a -0.24% return, which is significantly higher than MNHAX's -1.67% return. Over the past 10 years, ICMUX has underperformed MNHAX with an annualized return of 5.93%, while MNHAX has yielded a comparatively higher 6.73% annualized return.
ICMUX
- 1D
- 0.11%
- 1M
- -0.34%
- YTD
- -0.24%
- 6M
- 0.95%
- 1Y
- 6.58%
- 3Y*
- 9.12%
- 5Y*
- 6.22%
- 10Y*
- 5.93%
MNHAX
- 1D
- 0.32%
- 1M
- -2.47%
- YTD
- -1.67%
- 6M
- -0.40%
- 1Y
- 4.27%
- 3Y*
- 8.42%
- 5Y*
- 5.33%
- 10Y*
- 6.73%
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ICMUX vs. MNHAX - Expense Ratio Comparison
ICMUX has a 0.91% expense ratio, which is higher than MNHAX's 0.66% expense ratio.
Return for Risk
ICMUX vs. MNHAX — Risk / Return Rank
ICMUX
MNHAX
ICMUX vs. MNHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intrepid Income Fund (ICMUX) 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.
| ICMUX | MNHAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.52 | 1.09 | +1.43 |
Sortino ratioReturn per unit of downside risk | 3.40 | 1.40 | +1.99 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.24 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.60 | 1.10 | +1.50 |
Martin ratioReturn relative to average drawdown | 10.35 | 4.36 | +5.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICMUX | MNHAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 1.09 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.35 | 0.37 | +1.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.30 | 0.63 | +1.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.04 | 0.65 | +1.39 |
Correlation
The correlation between ICMUX and MNHAX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ICMUX vs. MNHAX - Dividend Comparison
ICMUX's dividend yield for the trailing twelve months is around 7.03%, more than MNHAX's 6.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICMUX Intrepid Income Fund | 7.03% | 7.96% | 7.85% | 9.10% | 8.17% | 5.99% | 5.56% | 3.35% | 3.07% | 2.86% | 3.01% | 3.53% |
MNHAX Manning & Napier High Yield Bond I | 6.64% | 7.29% | 7.02% | 8.59% | 7.61% | 9.81% | 6.26% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% |
Drawdowns
ICMUX vs. MNHAX - Drawdown Comparison
The maximum ICMUX drawdown since its inception was -8.77%, smaller than the maximum MNHAX drawdown of -20.13%. Use the drawdown chart below to compare losses from any high point for ICMUX and MNHAX.
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Drawdown Indicators
| ICMUX | MNHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.77% | -20.13% | +11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.40% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -5.64% | -20.13% | +14.49% |
Max Drawdown (10Y)Largest decline over 10 years | -8.77% | -20.13% | +11.36% |
Current DrawdownCurrent decline from peak | -1.12% | -14.06% | +12.94% |
Average DrawdownAverage peak-to-trough decline | -0.74% | -3.41% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.86% | -0.24% |
Volatility
ICMUX vs. MNHAX - Volatility Comparison
The current volatility for Intrepid Income Fund (ICMUX) is 0.77%, while Manning & Napier High Yield Bond I (MNHAX) has a volatility of 1.68%. This indicates that ICMUX 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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Volatility by Period
| ICMUX | MNHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.68% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 2.20% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.59% | 3.74% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 14.41% | -11.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 10.69% | -8.11% |