MNHAX vs. USBLX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and USAA Growth and Tax Strategy Fund (USBLX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. USBLX is managed by Victory Capital. It was launched on Jan 10, 1989.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHAX or USBLX.
Key characteristics
| MNHAX | USBLX | |
|---|---|---|
| YTD Return | 9.46% | 13.85% |
| 1Y Return | 18.65% | 25.11% |
| 3Y Return (Ann) | 5.13% | 4.97% |
| 5Y Return (Ann) | 6.98% | 8.12% |
| 10Y Return (Ann) | 6.07% | 7.69% |
| Sharpe Ratio | 5.82 | 3.62 |
| Sortino Ratio | 10.91 | 5.36 |
| Omega Ratio | 2.71 | 1.71 |
| Calmar Ratio | 5.11 | 1.70 |
| Martin Ratio | 71.59 | 22.90 |
| Ulcer Index | 0.25% | 1.07% |
| Daily Std Dev | 3.12% | 6.77% |
| Max Drawdown | -19.63% | -33.49% |
| Current Drawdown | -0.07% | 0.00% |
Correlation
The correlation between MNHAX and USBLX is 0.40, 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. USBLX - Performance Comparison
In the year-to-date period, MNHAX achieves a 9.46% return, which is significantly lower than USBLX's 13.85% return. Over the past 10 years, MNHAX has underperformed USBLX with an annualized return of 6.07%, while USBLX has yielded a comparatively higher 7.69% 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. USBLX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is higher than USBLX's 0.58% expense ratio.
Risk-Adjusted Performance
MNHAX vs. USBLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and USAA Growth and Tax Strategy Fund (USBLX). 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. USBLX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 8.19%, more than USBLX's 2.07% 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% |
USBLX USAA Growth and Tax Strategy Fund | 2.07% | 2.11% | 1.74% | 1.66% | 1.88% | 1.95% | 2.73% | 2.16% | 2.31% | 2.69% | 2.39% | 2.37% |
Drawdowns
MNHAX vs. USBLX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -19.63%, smaller than the maximum USBLX drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for MNHAX and USBLX. For additional features, visit the drawdowns tool.
Volatility
MNHAX vs. USBLX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond I (MNHAX) is 0.47%, while USAA Growth and Tax Strategy Fund (USBLX) has a volatility of 1.34%. This indicates that MNHAX experiences smaller price fluctuations and is considered to be less risky than USBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.