MNHAX vs. CRDOX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and Six Circles Credit Opportunities Fund (CRDOX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. CRDOX is managed by Six Circles. It was launched on Nov 22, 2020.
Performance
MNHAX vs. CRDOX - Performance Comparison
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MNHAX vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | -1.05% | 6.90% | 9.29% | 13.49% | -7.38% | 10.27% | 3.15% |
CRDOX Six Circles Credit Opportunities Fund | -1.45% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
Returns By Period
In the year-to-date period, MNHAX achieves a -1.05% return, which is significantly higher than CRDOX's -1.45% return.
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%
CRDOX
- 1D
- 0.34%
- 1M
- -2.43%
- YTD
- -1.45%
- 6M
- 0.10%
- 1Y
- 6.40%
- 3Y*
- 6.56%
- 5Y*
- 2.70%
- 10Y*
- —
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MNHAX vs. CRDOX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Return for Risk
MNHAX vs. CRDOX — Risk / Return Rank
MNHAX
CRDOX
MNHAX vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and Six Circles Credit Opportunities Fund (CRDOX). 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.
| MNHAX | CRDOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 2.04 | -0.73 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.80 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.47 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.81 | -0.42 |
Martin ratioReturn relative to average drawdown | 5.43 | 8.08 | -2.65 |
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
| MNHAX | CRDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 2.04 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.66 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.72 | -0.06 |
Correlation
The correlation between MNHAX and CRDOX is 0.76, 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.
Dividends
MNHAX vs. CRDOX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 6.60%, more than CRDOX's 6.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CRDOX Six Circles Credit Opportunities Fund | 6.34% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MNHAX vs. CRDOX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -20.13%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for MNHAX and CRDOX.
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Drawdown Indicators
| MNHAX | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.13% | -15.92% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -3.14% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -15.92% | -4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -20.13% | — | — |
Current DrawdownCurrent decline from peak | -13.52% | -2.81% | -10.71% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -3.63% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.70% | +0.17% |
Volatility
MNHAX vs. CRDOX - Volatility Comparison
Manning & Napier High Yield Bond I (MNHAX) has a higher volatility of 1.84% compared to Six Circles Credit Opportunities Fund (CRDOX) at 1.44%. This indicates that MNHAX's price experiences larger fluctuations and is considered to be riskier than CRDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHAX | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.44% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.19% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 3.28% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 4.11% | +10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 4.04% | +6.65% |