MNHYX vs. ANGL
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. ANGL is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch US Fallen Angel High Yield Index. It was launched on Apr 10, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHYX or ANGL.
Key characteristics
| MNHYX | ANGL | |
|---|---|---|
| YTD Return | 7.75% | 6.10% |
| 1Y Return | 14.21% | 12.96% |
| 3Y Return (Ann) | 4.78% | 0.73% |
| 5Y Return (Ann) | 6.48% | 4.99% |
| 10Y Return (Ann) | 5.55% | 6.06% |
| Sharpe Ratio | 4.37 | 2.19 |
| Daily Std Dev | 3.25% | 5.80% |
| Max Drawdown | -19.70% | -35.07% |
| Current Drawdown | -0.30% | 0.00% |
Correlation
The correlation between MNHYX and ANGL is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MNHYX vs. ANGL - Performance Comparison
In the year-to-date period, MNHYX achieves a 7.75% return, which is significantly higher than ANGL's 6.10% return. Over the past 10 years, MNHYX has underperformed ANGL with an annualized return of 5.55%, while ANGL has yielded a comparatively higher 6.06% 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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MNHYX vs. ANGL - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than ANGL's 0.35% expense ratio.
Risk-Adjusted Performance
MNHYX vs. ANGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). 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
MNHYX vs. ANGL - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.03%, more than ANGL's 5.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHYX Manning & Napier High Yield Bond Series | 6.03% | 6.66% | 5.93% | 7.93% | 4.98% | 6.63% | 5.26% | 5.16% | 6.49% | 5.60% | 8.13% | 8.10% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 5.93% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.76% | 5.81% | 6.80% | 6.10% |
Drawdowns
MNHYX vs. ANGL - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, smaller than the maximum ANGL drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for MNHYX and ANGL. For additional features, visit the drawdowns tool.
Volatility
MNHYX vs. ANGL - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond Series (MNHYX) is 0.70%, while VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a volatility of 1.01%. This indicates that MNHYX experiences smaller price fluctuations and is considered to be less risky than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.