MNHAX vs. JHQAX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and JPMorgan Hedged Equity Fund (JHQAX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. JHQAX is managed by JPMorgan Chase. It was launched on Dec 13, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHAX or JHQAX.
Performance
MNHAX vs. JHQAX - Performance Comparison
Returns By Period
In the year-to-date period, MNHAX achieves a 8.91% return, which is significantly lower than JHQAX's 18.58% return. Over the past 10 years, MNHAX has underperformed JHQAX with an annualized return of 5.98%, while JHQAX has yielded a comparatively higher 8.33% annualized return.
MNHAX
8.91%
-0.40%
5.11%
13.74%
6.72%
5.98%
JHQAX
18.58%
0.79%
10.50%
20.18%
10.50%
8.33%
Key characteristics
| MNHAX | JHQAX | |
|---|---|---|
| Sharpe Ratio | 4.95 | 2.62 |
| Sortino Ratio | 8.24 | 3.68 |
| Omega Ratio | 2.29 | 1.56 |
| Calmar Ratio | 13.81 | 4.16 |
| Martin Ratio | 45.78 | 18.48 |
| Ulcer Index | 0.30% | 1.09% |
| Daily Std Dev | 2.81% | 7.73% |
| Max Drawdown | -19.63% | -18.82% |
| Current Drawdown | -0.91% | -0.92% |
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MNHAX vs. JHQAX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is lower than JHQAX's 0.83% expense ratio.
Correlation
The correlation between MNHAX and JHQAX is 0.35, 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.
Risk-Adjusted Performance
MNHAX vs. JHQAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and JPMorgan Hedged Equity Fund (JHQAX). 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. JHQAX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 6.43%, more than JHQAX's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | 6.43% | 6.91% | 5.88% | 4.65% | 5.04% | 6.64% | 5.14% | 5.00% | 6.19% | 5.35% | 4.72% | 4.71% |
JHQAX JPMorgan Hedged Equity Fund | 0.56% | 0.74% | 0.74% | 0.50% | 0.89% | 0.89% | 0.91% | 0.75% | 1.11% | 0.97% | 1.07% | 0.00% |
Drawdowns
MNHAX vs. JHQAX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -19.63%, roughly equal to the maximum JHQAX drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for MNHAX and JHQAX. For additional features, visit the drawdowns tool.
Volatility
MNHAX vs. JHQAX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond I (MNHAX) is 0.87%, while JPMorgan Hedged Equity Fund (JHQAX) has a volatility of 2.53%. This indicates that MNHAX experiences smaller price fluctuations and is considered to be less risky than JHQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.