MNHAX vs. FOCIX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and Fairholme Focused Income Fund (FOCIX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
MNHAX vs. FOCIX - Performance Comparison
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MNHAX vs. FOCIX - 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% |
FOCIX Fairholme Focused Income Fund | 6.93% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Returns By Period
In the year-to-date period, MNHAX achieves a -1.67% return, which is significantly lower than FOCIX's 6.93% return. Over the past 10 years, MNHAX has underperformed FOCIX with an annualized return of 6.73%, while FOCIX has yielded a comparatively higher 8.24% 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%
FOCIX
- 1D
- 0.19%
- 1M
- 1.18%
- YTD
- 6.93%
- 6M
- 6.35%
- 1Y
- 9.02%
- 3Y*
- 11.77%
- 5Y*
- 10.04%
- 10Y*
- 8.24%
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MNHAX vs. FOCIX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Return for Risk
MNHAX vs. FOCIX — Risk / Return Rank
MNHAX
FOCIX
MNHAX vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and Fairholme Focused Income Fund (FOCIX). 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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.98 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.38 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.18 | -0.08 |
Martin ratioReturn relative to average drawdown | 4.36 | 4.79 | -0.43 |
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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.98 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 1.04 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.90 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.80 | -0.14 |
Correlation
The correlation between MNHAX and FOCIX is 0.27, 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. FOCIX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 6.64%, more than FOCIX's 1.23% 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% |
FOCIX Fairholme Focused Income Fund | 1.23% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Drawdowns
MNHAX vs. FOCIX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -20.13%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for MNHAX and FOCIX.
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Drawdown Indicators
| MNHAX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.13% | -18.78% | -1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -7.45% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -12.36% | -7.77% |
Max Drawdown (10Y)Largest decline over 10 years | -20.13% | -18.61% | -1.52% |
Current DrawdownCurrent decline from peak | -14.06% | -0.58% | -13.48% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -4.81% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.84% | -0.98% |
Volatility
MNHAX vs. FOCIX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond I (MNHAX) is 1.68%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 2.49%. This indicates that MNHAX experiences smaller price fluctuations and is considered to be less risky than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHAX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 2.49% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 5.63% | -3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 9.26% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 9.73% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 9.18% | +1.51% |