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 0.72, 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
LHYAX vs. MNHYX - Performance Comparison
Key characteristics
LHYAX:
2.80
MNHYX:
4.39
LHYAX:
4.64
MNHYX:
7.04
LHYAX:
1.65
MNHYX:
2.05
LHYAX:
1.67
MNHYX:
8.47
LHYAX:
17.50
MNHYX:
30.37
LHYAX:
0.54%
MNHYX:
0.36%
LHYAX:
3.40%
MNHYX:
2.51%
LHYAX:
-30.39%
MNHYX:
-19.69%
LHYAX:
-0.16%
MNHYX:
0.00%
Returns By Period
In the year-to-date period, LHYAX achieves a 1.05% return, which is significantly lower than MNHYX's 1.85% return. Over the past 10 years, LHYAX has underperformed MNHYX with an annualized return of 4.34%, while MNHYX has yielded a comparatively higher 5.66% annualized return.
LHYAX
1.05%
0.42%
3.81%
9.86%
2.76%
4.34%
MNHYX
1.85%
0.73%
4.05%
11.00%
5.58%
5.66%
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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 7.11%, more than MNHYX's 6.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LHYAX Lord Abbett High Yield Fund | 7.11% | 7.13% | 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 | 6.15% | 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 0.82% compared to Manning & Napier High Yield Bond Series (MNHYX) at 0.66%. 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.