MNHAX vs. MDHVX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and MainStay MacKay Short Duration High Yield Fund (MDHVX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. MDHVX is managed by MainStay. It was launched on Dec 17, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHAX or MDHVX.
Correlation
The correlation between MNHAX and MDHVX is 0.70, 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. MDHVX - Performance Comparison
Key characteristics
MNHAX:
3.95
MDHVX:
4.40
MNHAX:
6.21
MDHVX:
7.11
MNHAX:
1.90
MDHVX:
2.18
MNHAX:
6.52
MDHVX:
9.80
MNHAX:
30.17
MDHVX:
40.29
MNHAX:
0.34%
MDHVX:
0.18%
MNHAX:
2.61%
MDHVX:
1.65%
MNHAX:
-19.76%
MDHVX:
-18.04%
MNHAX:
-0.30%
MDHVX:
-0.07%
Returns By Period
In the year-to-date period, MNHAX achieves a 1.90% return, which is significantly higher than MDHVX's 1.44% return. Both investments have delivered pretty close results over the past 10 years, with MNHAX having a 4.47% annualized return and MDHVX not far behind at 4.38%.
MNHAX
1.90%
0.22%
3.77%
10.04%
4.93%
4.47%
MDHVX
1.44%
0.24%
2.90%
7.10%
4.66%
4.38%
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MNHAX vs. MDHVX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is lower than MDHVX's 1.10% expense ratio.
Risk-Adjusted Performance
MNHAX vs. MDHVX — Risk-Adjusted Performance Rank
MNHAX
MDHVX
MNHAX vs. MDHVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and MainStay MacKay Short Duration High Yield Fund (MDHVX). 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. MDHVX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 7.36%, more than MDHVX's 5.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | 7.36% | 6.95% | 6.91% | 5.88% | 4.65% | 5.04% | 6.64% | 5.14% | 5.00% | 6.19% | 5.35% | 4.72% |
MDHVX MainStay MacKay Short Duration High Yield Fund | 5.92% | 6.01% | 5.55% | 4.33% | 3.81% | 4.72% | 4.38% | 4.33% | 4.02% | 4.94% | 4.88% | 4.49% |
Drawdowns
MNHAX vs. MDHVX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -19.76%, which is greater than MDHVX's maximum drawdown of -18.04%. Use the drawdown chart below to compare losses from any high point for MNHAX and MDHVX. For additional features, visit the drawdowns tool.
Volatility
MNHAX vs. MDHVX - Volatility Comparison
Manning & Napier High Yield Bond I (MNHAX) has a higher volatility of 0.76% compared to MainStay MacKay Short Duration High Yield Fund (MDHVX) at 0.42%. This indicates that MNHAX's price experiences larger fluctuations and is considered to be riskier than MDHVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.