MNHAX vs. PHYZX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and PGIM High Yield Fund Class Z (PHYZX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. PHYZX is an actively managed fund by PGIM. It was launched on Jan 22, 1990.
Performance
MNHAX vs. PHYZX - Performance Comparison
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MNHAX vs. PHYZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | -1.05% | 6.90% | 9.29% | 13.49% | -7.38% | 10.27% | 6.58% | 14.25% | -0.98% | 8.68% |
PHYZX PGIM High Yield Fund Class Z | -0.78% | 9.04% | 8.37% | 12.23% | -12.31% | 5.83% | 7.73% | 16.14% | -1.25% | 7.79% |
Returns By Period
In the year-to-date period, MNHAX achieves a -1.05% return, which is significantly lower than PHYZX's -0.78% return. Over the past 10 years, MNHAX has outperformed PHYZX with an annualized return of 6.80%, while PHYZX has yielded a comparatively lower 6.13% annualized return.
MNHAX
- 1D
- 0.63%
- 1M
- -1.75%
- YTD
- -1.05%
- 6M
- 0.13%
- 1Y
- 4.72%
- 3Y*
- 8.65%
- 5Y*
- 5.44%
- 10Y*
- 6.80%
PHYZX
- 1D
- 0.63%
- 1M
- -1.65%
- YTD
- -0.78%
- 6M
- 0.22%
- 1Y
- 6.36%
- 3Y*
- 8.50%
- 5Y*
- 3.80%
- 10Y*
- 6.13%
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MNHAX vs. PHYZX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is higher than PHYZX's 0.51% expense ratio.
Return for Risk
MNHAX vs. PHYZX — Risk / Return Rank
MNHAX
PHYZX
MNHAX vs. PHYZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and PGIM High Yield Fund Class Z (PHYZX). 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 | PHYZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.77 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.64 | -0.94 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.39 | -1.00 |
Martin ratioReturn relative to average drawdown | 5.43 | 9.58 | -4.14 |
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 | PHYZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.77 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.76 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 1.11 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.19 | -0.53 |
Correlation
The correlation between MNHAX and PHYZX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MNHAX vs. PHYZX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 6.60%, more than PHYZX's 6.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | 6.60% | 7.29% | 7.02% | 8.59% | 7.61% | 9.81% | 6.26% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% |
PHYZX PGIM High Yield Fund Class Z | 6.47% | 6.95% | 7.37% | 7.00% | 6.15% | 6.08% | 8.35% | 6.21% | 6.55% | 6.25% | 6.36% | 6.93% |
Drawdowns
MNHAX vs. PHYZX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -20.13%, smaller than the maximum PHYZX drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for MNHAX and PHYZX.
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Drawdown Indicators
| MNHAX | PHYZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.13% | -28.57% | +8.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -2.93% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -16.09% | -4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -20.13% | -21.09% | +0.96% |
Current DrawdownCurrent decline from peak | -13.52% | -1.85% | -11.67% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -2.78% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.73% | +0.14% |
Volatility
MNHAX vs. PHYZX - Volatility Comparison
Manning & Napier High Yield Bond I (MNHAX) has a higher volatility of 1.84% compared to PGIM High Yield Fund Class Z (PHYZX) at 1.41%. This indicates that MNHAX's price experiences larger fluctuations and is considered to be riskier than PHYZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHAX | PHYZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.41% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.41% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 3.75% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 5.04% | +9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 5.52% | +5.17% |