JHQAX vs. MNHAX
Compare and contrast key facts about JPMorgan Hedged Equity Fund (JHQAX) and Manning & Napier High Yield Bond I (MNHAX).
JHQAX is managed by JPMorgan. It was launched on Dec 13, 2013. MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012.
Performance
JHQAX vs. MNHAX - Performance Comparison
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JHQAX vs. MNHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JHQAX JPMorgan Hedged Equity Fund | -4.99% | 7.22% | 17.93% | 15.78% | -8.27% | 13.13% | 13.77% | 13.38% | -0.93% | 12.45% |
MNHAX Manning & Napier High Yield Bond I | -1.05% | 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, JHQAX achieves a -4.99% return, which is significantly lower than MNHAX's -1.05% return. Over the past 10 years, JHQAX has outperformed MNHAX with an annualized return of 8.48%, while MNHAX has yielded a comparatively lower 6.80% annualized return.
JHQAX
- 1D
- 0.75%
- 1M
- -5.50%
- YTD
- -4.99%
- 6M
- -2.86%
- 1Y
- 6.90%
- 3Y*
- 9.23%
- 5Y*
- 6.56%
- 10Y*
- 8.48%
MNHAX
- 1D
- 0.63%
- 1M
- -1.75%
- YTD
- -1.05%
- 6M
- 0.13%
- 1Y
- 4.72%
- 3Y*
- 8.65%
- 5Y*
- 5.44%
- 10Y*
- 6.80%
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JHQAX vs. MNHAX - Expense Ratio Comparison
JHQAX has a 0.83% expense ratio, which is higher than MNHAX's 0.66% expense ratio.
Return for Risk
JHQAX vs. MNHAX — Risk / Return Rank
JHQAX
MNHAX
JHQAX vs. MNHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Hedged Equity Fund (JHQAX) 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.
| JHQAX | MNHAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.31 | -0.61 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.70 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.39 | -0.36 |
Martin ratioReturn relative to average drawdown | 4.24 | 5.43 | -1.20 |
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
| JHQAX | MNHAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.31 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.38 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.64 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.66 | +0.16 |
Correlation
The correlation between JHQAX and MNHAX is 0.37, 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.
Dividends
JHQAX vs. MNHAX - Dividend Comparison
JHQAX's dividend yield for the trailing twelve months is around 0.39%, less than MNHAX's 6.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JHQAX JPMorgan Hedged Equity Fund | 0.39% | 0.41% | 0.51% | 0.74% | 0.74% | 0.50% | 0.89% | 1.18% | 0.92% | 0.76% | 1.11% | 0.97% |
MNHAX Manning & Napier High Yield Bond I | 6.60% | 7.29% | 7.02% | 8.59% | 7.61% | 9.81% | 6.26% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% |
Drawdowns
JHQAX vs. MNHAX - Drawdown Comparison
The maximum JHQAX drawdown since its inception was -18.82%, smaller than the maximum MNHAX drawdown of -20.13%. Use the drawdown chart below to compare losses from any high point for JHQAX and MNHAX.
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Drawdown Indicators
| JHQAX | MNHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -20.13% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -3.40% | -3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -14.48% | -20.13% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -20.13% | +1.31% |
Current DrawdownCurrent decline from peak | -6.21% | -13.52% | +7.31% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -3.41% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.87% | +0.81% |
Volatility
JHQAX vs. MNHAX - Volatility Comparison
JPMorgan Hedged Equity Fund (JHQAX) has a higher volatility of 2.83% compared to Manning & Napier High Yield Bond I (MNHAX) at 1.84%. This indicates that JHQAX's price experiences larger fluctuations and is considered to be riskier 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
| JHQAX | MNHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 1.84% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 2.29% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.24% | 3.79% | +6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 14.41% | -5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 10.69% | -1.29% |