MNHAX vs. VRIG
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and Invesco Variable Rate Investment Grade ETF (VRIG).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. VRIG is an actively managed fund by Invesco. It was launched on Sep 22, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHAX or VRIG.
Correlation
The correlation between MNHAX and VRIG is 0.08, 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. VRIG - Performance Comparison
Key characteristics
MNHAX:
1.94
VRIG:
5.08
MNHAX:
2.50
VRIG:
7.03
MNHAX:
1.43
VRIG:
2.88
MNHAX:
1.55
VRIG:
6.75
MNHAX:
7.77
VRIG:
58.96
MNHAX:
0.88%
VRIG:
0.09%
MNHAX:
3.52%
VRIG:
1.03%
MNHAX:
-19.76%
VRIG:
-13.04%
MNHAX:
-3.30%
VRIG:
-0.24%
Returns By Period
In the year-to-date period, MNHAX achieves a -1.16% return, which is significantly lower than VRIG's 0.89% return.
MNHAX
-1.16%
-2.42%
-0.82%
6.85%
6.54%
4.05%
VRIG
0.89%
-0.13%
2.15%
5.31%
4.78%
N/A
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MNHAX vs. VRIG - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is higher than VRIG's 0.30% expense ratio.
Risk-Adjusted Performance
MNHAX vs. VRIG — Risk-Adjusted Performance Rank
MNHAX
VRIG
MNHAX vs. VRIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and Invesco Variable Rate Investment Grade ETF (VRIG). 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. VRIG - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 7.26%, more than VRIG's 5.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | 7.26% | 6.95% | 6.91% | 5.88% | 4.65% | 5.04% | 6.64% | 5.14% | 5.00% | 6.19% | 5.35% | 4.72% |
VRIG Invesco Variable Rate Investment Grade ETF | 5.82% | 6.09% | 5.97% | 2.39% | 0.78% | 1.57% | 3.12% | 2.89% | 2.31% | 0.60% | 0.00% | 0.00% |
Drawdowns
MNHAX vs. VRIG - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -19.76%, which is greater than VRIG's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for MNHAX and VRIG. For additional features, visit the drawdowns tool.
Volatility
MNHAX vs. VRIG - Volatility Comparison
Manning & Napier High Yield Bond I (MNHAX) has a higher volatility of 2.29% compared to Invesco Variable Rate Investment Grade ETF (VRIG) at 0.80%. This indicates that MNHAX's price experiences larger fluctuations and is considered to be riskier than VRIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.