MNHAX vs. PIAMX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and PIA High Yield (MACS) Fund (PIAMX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Performance
MNHAX vs. PIAMX - Performance Comparison
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MNHAX vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | -1.67% | 6.90% | 9.29% | 13.49% | -7.38% | 10.27% | 6.58% | 14.25% | -1.65% |
PIAMX PIA High Yield (MACS) Fund | -2.20% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Returns By Period
In the year-to-date period, MNHAX achieves a -1.67% return, which is significantly higher than PIAMX's -2.20% 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%
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
- —
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MNHAX vs. PIAMX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Return for Risk
MNHAX vs. PIAMX — Risk / Return Rank
MNHAX
PIAMX
MNHAX vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and PIA High Yield (MACS) Fund (PIAMX). 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 | PIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.31 | +0.78 |
Sortino ratioReturn per unit of downside risk | 1.40 | 0.41 | +0.99 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.07 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.20 | +0.90 |
Martin ratioReturn relative to average drawdown | 4.36 | 0.61 | +3.75 |
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 | PIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.31 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.97 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.15 | -0.50 |
Correlation
The correlation between MNHAX and PIAMX is 0.73, 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. PIAMX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 6.64%, less than PIAMX's 8.51% 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% |
PIAMX PIA High Yield (MACS) Fund | 8.51% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
Drawdowns
MNHAX vs. PIAMX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -20.13%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for MNHAX and PIAMX.
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Drawdown Indicators
| MNHAX | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.13% | -18.15% | -1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -4.17% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -13.92% | -6.21% |
Max Drawdown (10Y)Largest decline over 10 years | -20.13% | — | — |
Current DrawdownCurrent decline from peak | -14.06% | -3.50% | -10.56% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -2.36% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.37% | -0.51% |
Volatility
MNHAX vs. PIAMX - Volatility Comparison
Manning & Napier High Yield Bond I (MNHAX) and PIA High Yield (MACS) Fund (PIAMX) have volatilities of 1.68% and 1.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHAX | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.72% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 2.45% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 4.32% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 4.01% | +10.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 4.25% | +6.44% |