MNHAX vs. PRPFX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and Permanent Portfolio Permanent Portfolio (PRPFX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHAX or PRPFX.
Key characteristics
| MNHAX | PRPFX | |
|---|---|---|
| YTD Return | 9.46% | 20.65% |
| 1Y Return | 18.65% | 27.58% |
| 3Y Return (Ann) | 5.13% | 8.98% |
| 5Y Return (Ann) | 6.98% | 11.93% |
| 10Y Return (Ann) | 6.07% | 7.73% |
| Sharpe Ratio | 5.82 | 3.07 |
| Sortino Ratio | 10.91 | 4.32 |
| Omega Ratio | 2.71 | 1.57 |
| Calmar Ratio | 5.11 | 6.41 |
| Martin Ratio | 71.59 | 21.85 |
| Ulcer Index | 0.25% | 1.28% |
| Daily Std Dev | 3.12% | 9.08% |
| Max Drawdown | -19.63% | -27.16% |
| Current Drawdown | -0.07% | 0.00% |
Correlation
The correlation between MNHAX and PRPFX is 0.33, 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.
Performance
MNHAX vs. PRPFX - Performance Comparison
In the year-to-date period, MNHAX achieves a 9.46% return, which is significantly lower than PRPFX's 20.65% return. Over the past 10 years, MNHAX has underperformed PRPFX with an annualized return of 6.07%, while PRPFX has yielded a comparatively higher 7.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MNHAX vs. PRPFX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is lower than PRPFX's 0.81% expense ratio.
Risk-Adjusted Performance
MNHAX vs. PRPFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and Permanent Portfolio Permanent Portfolio (PRPFX). 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. PRPFX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 8.19%, more than PRPFX's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | 8.19% | 8.59% | 7.61% | 9.81% | 6.27% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% | 9.40% | 9.27% |
PRPFX Permanent Portfolio Permanent Portfolio | 1.15% | 1.39% | 1.58% | 2.05% | 5.38% | 2.83% | 7.78% | 2.14% | 0.95% | 7.06% | 8.01% | 10.68% |
Drawdowns
MNHAX vs. PRPFX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -19.63%, smaller than the maximum PRPFX drawdown of -27.16%. Use the drawdown chart below to compare losses from any high point for MNHAX and PRPFX. For additional features, visit the drawdowns tool.
Volatility
MNHAX vs. PRPFX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond I (MNHAX) is 0.47%, while Permanent Portfolio Permanent Portfolio (PRPFX) has a volatility of 1.92%. This indicates that MNHAX experiences smaller price fluctuations and is considered to be less risky than PRPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.