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MNHYX vs. CRDOX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

MNHYX vs. CRDOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manning & Napier High Yield Bond Series (MNHYX) and Six Circles Credit Opportunities Fund (CRDOX). The values are adjusted to include any dividend payments, if applicable.

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MNHYX vs. CRDOX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
MNHYX
Manning & Napier High Yield Bond Series
-0.59%6.65%9.63%13.19%-7.59%9.99%3.09%
CRDOX
Six Circles Credit Opportunities Fund
-1.45%7.48%8.69%8.06%-10.62%2.66%1.71%

Returns By Period

In the year-to-date period, MNHYX achieves a -0.59% return, which is significantly higher than CRDOX's -1.45% return.


MNHYX

1D
0.52%
1M
-1.15%
YTD
-0.59%
6M
0.52%
1Y
5.04%
3Y*
8.76%
5Y*
5.40%
10Y*
6.65%

CRDOX

1D
0.34%
1M
-2.43%
YTD
-1.45%
6M
0.10%
1Y
6.40%
3Y*
6.56%
5Y*
2.70%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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MNHYX vs. CRDOX - Expense Ratio Comparison

MNHYX has a 0.90% expense ratio, which is higher than CRDOX's 0.29% expense ratio.


Return for Risk

MNHYX vs. CRDOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MNHYX
MNHYX Risk / Return Rank: 7070
Overall Rank
MNHYX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
MNHYX Sortino Ratio Rank: 7474
Sortino Ratio Rank
MNHYX Omega Ratio Rank: 8181
Omega Ratio Rank
MNHYX Calmar Ratio Rank: 6161
Calmar Ratio Rank
MNHYX Martin Ratio Rank: 5959
Martin Ratio Rank

CRDOX
CRDOX Risk / Return Rank: 8484
Overall Rank
CRDOX Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
CRDOX Sortino Ratio Rank: 9292
Sortino Ratio Rank
CRDOX Omega Ratio Rank: 9393
Omega Ratio Rank
CRDOX Calmar Ratio Rank: 6868
Calmar Ratio Rank
CRDOX Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MNHYX vs. CRDOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and Six Circles Credit Opportunities Fund (CRDOX). 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.


MNHYXCRDOXDifference

Sharpe ratio

Return per unit of total volatility

1.43

2.04

-0.61

Sortino ratio

Return per unit of downside risk

1.91

2.80

-0.89

Omega ratio

Gain probability vs. loss probability

1.33

1.47

-0.15

Calmar ratio

Return relative to maximum drawdown

1.49

1.81

-0.32

Martin ratio

Return relative to average drawdown

5.83

8.08

-2.25

MNHYX vs. CRDOX - Sharpe Ratio Comparison

The current MNHYX Sharpe Ratio is 1.43, which is comparable to the CRDOX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of MNHYX and CRDOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


MNHYXCRDOXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.43

2.04

-0.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.48

0.66

+0.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.61

Sharpe Ratio (All Time)

Calculated using the full available price history

1.80

0.72

+1.08

Correlation

The correlation between MNHYX and CRDOX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

MNHYX vs. CRDOX - Dividend Comparison

MNHYX's dividend yield for the trailing twelve months is around 6.89%, more than CRDOX's 6.34% yield.


TTM20252024202320222021202020192018201720162015
MNHYX
Manning & Napier High Yield Bond Series
6.89%6.95%6.38%6.66%5.93%7.93%4.98%6.63%5.26%5.16%6.49%5.60%
CRDOX
Six Circles Credit Opportunities Fund
6.34%5.18%6.96%6.86%5.82%2.73%0.33%0.00%0.00%0.00%0.00%0.00%

Drawdowns

MNHYX vs. CRDOX - Drawdown Comparison

The maximum MNHYX drawdown since its inception was -19.70%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for MNHYX and CRDOX.


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Drawdown Indicators


MNHYXCRDOXDifference

Max Drawdown

Largest peak-to-trough decline

-19.70%

-15.92%

-3.78%

Max Drawdown (1Y)

Largest decline over 1 year

-3.38%

-3.14%

-0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-10.84%

-15.92%

+5.08%

Max Drawdown (10Y)

Largest decline over 10 years

-19.70%

Current Drawdown

Current decline from peak

-1.69%

-2.81%

+1.12%

Average Drawdown

Average peak-to-trough decline

-1.57%

-3.63%

+2.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

0.70%

+0.16%

Volatility

MNHYX vs. CRDOX - Volatility Comparison

Manning & Napier High Yield Bond Series (MNHYX) has a higher volatility of 1.62% compared to Six Circles Credit Opportunities Fund (CRDOX) at 1.44%. This indicates that MNHYX's price experiences larger fluctuations and is considered to be riskier than CRDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


MNHYXCRDOXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.62%

1.44%

+0.18%

Volatility (6M)

Calculated over the trailing 6-month period

2.12%

2.19%

-0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

3.68%

3.28%

+0.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.67%

4.11%

-0.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.15%

4.04%

+0.11%