MNHYX vs. FAGIX
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and Fidelity Capital & Income Fund (FAGIX).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHYX or FAGIX.
Key characteristics
| MNHYX | FAGIX | |
|---|---|---|
| YTD Return | 9.56% | 12.00% |
| 1Y Return | 15.94% | 18.33% |
| 3Y Return (Ann) | 3.47% | 1.41% |
| 5Y Return (Ann) | 5.96% | 5.10% |
| 10Y Return (Ann) | 5.07% | 5.10% |
| Sharpe Ratio | 5.80 | 3.57 |
| Sortino Ratio | 10.35 | 5.47 |
| Omega Ratio | 2.60 | 1.81 |
| Calmar Ratio | 3.51 | 1.55 |
| Martin Ratio | 53.50 | 24.98 |
| Ulcer Index | 0.29% | 0.68% |
| Daily Std Dev | 2.71% | 4.81% |
| Max Drawdown | -19.69% | -37.80% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MNHYX and FAGIX is 0.62, 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. FAGIX - Performance Comparison
In the year-to-date period, MNHYX achieves a 9.56% return, which is significantly lower than FAGIX's 12.00% return. Both investments have delivered pretty close results over the past 10 years, with MNHYX having a 5.07% annualized return and FAGIX not far ahead at 5.10%. 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. FAGIX - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
MNHYX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and Fidelity Capital & Income Fund (FAGIX). 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. FAGIX - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.52%, more than FAGIX's 4.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHYX Manning & Napier High Yield Bond Series | 5.97% | 6.67% | 5.67% | 4.57% | 5.00% | 6.64% | 5.26% | 5.17% | 6.50% | 5.61% | 4.97% | 5.00% |
FAGIX Fidelity Capital & Income Fund | 4.99% | 5.29% | 4.85% | 3.41% | 3.78% | 4.25% | 5.27% | 4.01% | 4.12% | 5.00% | 8.04% | 5.47% |
Drawdowns
MNHYX vs. FAGIX - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.69%, smaller than the maximum FAGIX drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for MNHYX and FAGIX. For additional features, visit the drawdowns tool.
Volatility
MNHYX vs. FAGIX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond Series (MNHYX) is 0.60%, while Fidelity Capital & Income Fund (FAGIX) has a volatility of 1.14%. This indicates that MNHYX experiences smaller price fluctuations and is considered to be less risky than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.