MNHAX vs. FRFZX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and PGIM Floating Rate Income Fund (FRFZX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. FRFZX is managed by PGIM Investments. It was launched on Mar 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHAX or FRFZX.
Correlation
The correlation between MNHAX and FRFZX is 0.42, 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. FRFZX - Performance Comparison
Key characteristics
MNHAX:
1.94
FRFZX:
1.62
MNHAX:
2.50
FRFZX:
2.85
MNHAX:
1.43
FRFZX:
1.56
MNHAX:
1.55
FRFZX:
1.31
MNHAX:
7.77
FRFZX:
6.25
MNHAX:
0.88%
FRFZX:
0.78%
MNHAX:
3.52%
FRFZX:
3.01%
MNHAX:
-19.76%
FRFZX:
-21.94%
MNHAX:
-3.30%
FRFZX:
-3.29%
Returns By Period
In the year-to-date period, MNHAX achieves a -1.16% return, which is significantly higher than FRFZX's -2.35% return. Over the past 10 years, MNHAX has underperformed FRFZX with an annualized return of 4.05%, while FRFZX has yielded a comparatively higher 4.67% annualized return.
MNHAX
-1.16%
-2.42%
-0.82%
6.85%
6.54%
4.05%
FRFZX
-2.35%
-2.22%
-0.33%
5.10%
8.26%
4.67%
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MNHAX vs. FRFZX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is lower than FRFZX's 0.70% expense ratio.
Risk-Adjusted Performance
MNHAX vs. FRFZX — Risk-Adjusted Performance Rank
MNHAX
FRFZX
MNHAX vs. FRFZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and PGIM Floating Rate Income Fund (FRFZX). 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. FRFZX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 7.26%, less than FRFZX's 7.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | 7.26% | 6.95% | 6.91% | 5.88% | 4.65% | 5.04% | 6.64% | 5.14% | 5.00% | 6.19% | 5.35% | 4.72% |
FRFZX PGIM Floating Rate Income Fund | 7.89% | 8.73% | 8.87% | 7.32% | 3.67% | 5.35% | 5.92% | 5.16% | 4.76% | 4.25% | 3.98% | 4.15% |
Drawdowns
MNHAX vs. FRFZX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -19.76%, smaller than the maximum FRFZX drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for MNHAX and FRFZX. For additional features, visit the drawdowns tool.
Volatility
MNHAX vs. FRFZX - Volatility Comparison
Manning & Napier High Yield Bond I (MNHAX) has a higher volatility of 2.29% compared to PGIM Floating Rate Income Fund (FRFZX) at 1.32%. This indicates that MNHAX's price experiences larger fluctuations and is considered to be riskier than FRFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.