LHYAX vs. MNHYX
Compare and contrast key facts about Lord Abbett High Yield Fund (LHYAX) and Manning & Napier High Yield Bond Series (MNHYX).
LHYAX is managed by Lord Abbett. It was launched on Dec 31, 1998. 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: LHYAX or MNHYX.
Correlation
The correlation between LHYAX and MNHYX is 0.36, 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
LHYAX vs. MNHYX - Performance Comparison
Key characteristics
LHYAX:
1.72
MNHYX:
2.09
LHYAX:
2.37
MNHYX:
2.72
LHYAX:
1.40
MNHYX:
1.47
LHYAX:
1.47
MNHYX:
1.68
LHYAX:
6.47
MNHYX:
7.59
LHYAX:
1.13%
MNHYX:
0.98%
LHYAX:
4.26%
MNHYX:
3.57%
LHYAX:
-30.39%
MNHYX:
-19.69%
LHYAX:
-2.51%
MNHYX:
-2.20%
Returns By Period
In the year-to-date period, LHYAX achieves a -0.79% return, which is significantly lower than MNHYX's -0.10% return. Over the past 10 years, LHYAX has underperformed MNHYX with an annualized return of 3.90%, while MNHYX has yielded a comparatively higher 5.30% annualized return.
LHYAX
-0.79%
-0.81%
0.39%
7.29%
5.78%
3.90%
MNHYX
-0.10%
-1.02%
0.69%
7.46%
8.35%
5.30%
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LHYAX vs. MNHYX - Expense Ratio Comparison
LHYAX has a 0.88% expense ratio, which is lower than MNHYX's 0.90% expense ratio.
Risk-Adjusted Performance
LHYAX vs. MNHYX — Risk-Adjusted Performance Rank
LHYAX
MNHYX
LHYAX vs. MNHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett High Yield Fund (LHYAX) 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
LHYAX vs. MNHYX - Dividend Comparison
LHYAX's dividend yield for the trailing twelve months is around 7.35%, more than MNHYX's 6.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHYAX Lord Abbett High Yield Fund | 7.35% | 7.12% | 6.40% | 6.05% | 5.12% | 5.11% | 5.48% | 6.30% | 5.66% | 5.86% | 6.07% | 8.34% |
MNHYX Manning & Napier High Yield Bond Series | 6.60% | 6.40% | 6.67% | 5.67% | 4.57% | 5.00% | 6.64% | 5.26% | 5.17% | 6.50% | 5.61% | 4.97% |
Drawdowns
LHYAX vs. MNHYX - Drawdown Comparison
The maximum LHYAX drawdown since its inception was -30.39%, which is greater than MNHYX's maximum drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for LHYAX and MNHYX. For additional features, visit the drawdowns tool.
Volatility
LHYAX vs. MNHYX - Volatility Comparison
Lord Abbett High Yield Fund (LHYAX) has a higher volatility of 2.69% compared to Manning & Napier High Yield Bond Series (MNHYX) at 2.49%. This indicates that LHYAX'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.