MNHAX vs. BGHSX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and BrandywineGLOBAL - High Yield Fund (BGHSX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. BGHSX is managed by Franklin Templeton Investments. It was launched on Dec 3, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHAX or BGHSX.
Key characteristics
| MNHAX | BGHSX | |
|---|---|---|
| YTD Return | 9.46% | 8.06% |
| 1Y Return | 18.65% | 17.34% |
| 3Y Return (Ann) | 5.13% | 4.47% |
| 5Y Return (Ann) | 6.98% | 3.76% |
| Sharpe Ratio | 5.82 | 4.73 |
| Sortino Ratio | 10.91 | 9.60 |
| Omega Ratio | 2.71 | 2.41 |
| Calmar Ratio | 5.11 | 3.23 |
| Martin Ratio | 71.59 | 40.31 |
| Ulcer Index | 0.25% | 0.42% |
| Daily Std Dev | 3.12% | 3.62% |
| Max Drawdown | -19.63% | -18.15% |
| Current Drawdown | -0.07% | -0.00% |
Correlation
The correlation between MNHAX and BGHSX is 0.69, 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.
Performance
MNHAX vs. BGHSX - Performance Comparison
In the year-to-date period, MNHAX achieves a 9.46% return, which is significantly higher than BGHSX's 8.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MNHAX vs. BGHSX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is higher than BGHSX's 0.54% expense ratio.
Risk-Adjusted Performance
MNHAX vs. BGHSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and BrandywineGLOBAL - High Yield Fund (BGHSX). 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
MNHAX vs. BGHSX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 8.19%, more than BGHSX's 7.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | 8.19% | 8.59% | 7.61% | 9.81% | 6.27% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% | 9.40% | 9.27% |
BGHSX BrandywineGLOBAL - High Yield Fund | 7.22% | 6.97% | 6.34% | 5.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MNHAX vs. BGHSX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -19.63%, which is greater than BGHSX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for MNHAX and BGHSX. For additional features, visit the drawdowns tool.
Volatility
MNHAX vs. BGHSX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond I (MNHAX) is 0.47%, while BrandywineGLOBAL - High Yield Fund (BGHSX) has a volatility of 0.67%. This indicates that MNHAX experiences smaller price fluctuations and is considered to be less risky than BGHSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.