MNHAX vs. FLRT
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and Pacific Global Senior Loan ETF (FLRT).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015.
Performance
MNHAX vs. FLRT - Performance Comparison
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MNHAX vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | -1.67% | 6.90% | 9.29% | 13.49% | -7.38% | 10.27% | 6.58% | 14.25% | -0.98% | 8.68% |
FLRT Pacific Global Senior Loan ETF | -0.24% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
Returns By Period
In the year-to-date period, MNHAX achieves a -1.67% return, which is significantly lower than FLRT's -0.24% return. Over the past 10 years, MNHAX has outperformed FLRT with an annualized return of 6.73%, while FLRT has yielded a comparatively lower 4.93% annualized return.
MNHAX
- 1D
- 0.32%
- 1M
- -2.47%
- YTD
- -1.67%
- 6M
- -0.40%
- 1Y
- 4.27%
- 3Y*
- 8.42%
- 5Y*
- 5.33%
- 10Y*
- 6.73%
FLRT
- 1D
- 0.22%
- 1M
- 0.50%
- YTD
- -0.24%
- 6M
- 1.25%
- 1Y
- 5.26%
- 3Y*
- 8.81%
- 5Y*
- 5.70%
- 10Y*
- 4.93%
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MNHAX vs. FLRT - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Return for Risk
MNHAX vs. FLRT — Risk / Return Rank
MNHAX
FLRT
MNHAX vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and Pacific Global Senior Loan ETF (FLRT). 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 | FLRT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.74 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.40 | 2.23 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.53 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.10 | -1.00 |
Martin ratioReturn relative to average drawdown | 4.36 | 8.51 | -4.15 |
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 | FLRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.74 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 2.47 | -2.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.79 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.73 | -0.07 |
Correlation
The correlation between MNHAX and FLRT is 0.25, 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
MNHAX vs. FLRT - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 6.64%, less than FLRT's 6.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | 6.64% | 7.29% | 7.02% | 8.59% | 7.61% | 9.81% | 6.26% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% |
FLRT Pacific Global Senior Loan ETF | 6.92% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
Drawdowns
MNHAX vs. FLRT - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -20.13%, roughly equal to the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for MNHAX and FLRT.
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Drawdown Indicators
| MNHAX | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.13% | -20.96% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -2.47% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -7.60% | -12.53% |
Max Drawdown (10Y)Largest decline over 10 years | -20.13% | -20.96% | +0.83% |
Current DrawdownCurrent decline from peak | -14.06% | -0.93% | -13.13% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -1.43% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.63% | +0.23% |
Volatility
MNHAX vs. FLRT - Volatility Comparison
Manning & Napier High Yield Bond I (MNHAX) has a higher volatility of 1.68% compared to Pacific Global Senior Loan ETF (FLRT) at 0.47%. This indicates that MNHAX's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHAX | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.47% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 1.22% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 3.04% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 2.32% | +12.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 6.24% | +4.45% |