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.
Performance
MNHAX vs. PRPFX - Performance Comparison
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MNHAX vs. PRPFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | -1.67% | 6.90% | 9.29% | 13.49% | -7.38% | 10.27% | 6.58% | 14.25% | -0.98% | 8.68% |
PRPFX Permanent Portfolio Permanent Portfolio | 2.72% | 28.78% | 19.36% | 11.96% | -5.48% | 10.87% | 18.80% | 19.20% | -7.02% | 11.42% |
Returns By Period
In the year-to-date period, MNHAX achieves a -1.67% return, which is significantly lower than PRPFX's 2.72% return. Over the past 10 years, MNHAX has underperformed PRPFX with an annualized return of 6.73%, while PRPFX has yielded a comparatively higher 10.84% annualized 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%
PRPFX
- 1D
- -0.31%
- 1M
- -7.34%
- YTD
- 2.72%
- 6M
- 8.96%
- 1Y
- 25.00%
- 3Y*
- 19.97%
- 5Y*
- 12.20%
- 10Y*
- 10.84%
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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.
Return for Risk
MNHAX vs. PRPFX — Risk / Return Rank
MNHAX
PRPFX
MNHAX vs. PRPFX - Risk-Adjusted Trends 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.
| MNHAX | PRPFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.86 | -0.77 |
Sortino ratioReturn per unit of downside risk | 1.40 | 2.31 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.40 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.07 | -1.97 |
Martin ratioReturn relative to average drawdown | 4.36 | 11.17 | -6.81 |
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 | PRPFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.86 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 1.11 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 1.03 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.80 | -0.14 |
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.
Dividends
MNHAX vs. PRPFX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 6.64%, more than PRPFX's 3.18% 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% |
PRPFX Permanent Portfolio Permanent Portfolio | 3.18% | 3.27% | 1.86% | 1.39% | 1.58% | 2.05% | 5.38% | 4.69% | 6.90% | 2.14% | 0.95% | 7.06% |
Drawdowns
MNHAX vs. PRPFX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -20.13%, 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.
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Drawdown Indicators
| MNHAX | PRPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.13% | -27.16% | +7.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -8.10% | +4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -15.49% | -4.64% |
Max Drawdown (10Y)Largest decline over 10 years | -20.13% | -20.84% | +0.71% |
Current DrawdownCurrent decline from peak | -14.06% | -8.10% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -3.52% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.22% | -1.36% |
Volatility
MNHAX vs. PRPFX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond I (MNHAX) is 1.68%, while Permanent Portfolio Permanent Portfolio (PRPFX) has a volatility of 3.59%. 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.
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Volatility by Period
| MNHAX | PRPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 3.59% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 11.32% | -9.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 13.77% | -10.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 11.04% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 10.57% | +0.12% |