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MNHYX vs. FDHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MNHYX and FDHY is 0.43, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

MNHYX vs. FDHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manning & Napier High Yield Bond Series (MNHYX) and Fidelity High Yield Factor ETF (FDHY). The values are adjusted to include any dividend payments, if applicable.

36.00%38.00%40.00%42.00%44.00%46.00%48.00%NovemberDecember2025FebruaryMarchApril
45.01%
42.05%
MNHYX
FDHY

Key characteristics

Sharpe Ratio

MNHYX:

2.09

FDHY:

1.33

Sortino Ratio

MNHYX:

2.72

FDHY:

1.91

Omega Ratio

MNHYX:

1.47

FDHY:

1.27

Calmar Ratio

MNHYX:

1.68

FDHY:

1.40

Martin Ratio

MNHYX:

7.59

FDHY:

7.24

Ulcer Index

MNHYX:

0.98%

FDHY:

1.02%

Daily Std Dev

MNHYX:

3.57%

FDHY:

5.56%

Max Drawdown

MNHYX:

-19.69%

FDHY:

-20.01%

Current Drawdown

MNHYX:

-2.20%

FDHY:

-1.39%

Returns By Period

In the year-to-date period, MNHYX achieves a -0.10% return, which is significantly lower than FDHY's 0.92% return.


MNHYX

YTD

-0.10%

1M

-1.61%

6M

0.69%

1Y

7.68%

5Y*

8.38%

10Y*

5.30%

FDHY

YTD

0.92%

1M

-0.46%

6M

1.51%

1Y

7.73%

5Y*

5.62%

10Y*

N/A

*Annualized

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MNHYX vs. FDHY - Expense Ratio Comparison

MNHYX has a 0.90% expense ratio, which is higher than FDHY's 0.45% expense ratio.


Expense ratio chart for MNHYX: current value is 0.90%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MNHYX: 0.90%
Expense ratio chart for FDHY: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDHY: 0.45%

Risk-Adjusted Performance

MNHYX vs. FDHY — Risk-Adjusted Performance Rank

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

MNHYX
The Risk-Adjusted Performance Rank of MNHYX is 9292
Overall Rank
The Sharpe Ratio Rank of MNHYX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of MNHYX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of MNHYX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of MNHYX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of MNHYX is 9191
Martin Ratio Rank

FDHY
The Risk-Adjusted Performance Rank of FDHY is 8888
Overall Rank
The Sharpe Ratio Rank of FDHY is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of FDHY is 8787
Sortino Ratio Rank
The Omega Ratio Rank of FDHY is 8888
Omega Ratio Rank
The Calmar Ratio Rank of FDHY is 8888
Calmar Ratio Rank
The Martin Ratio Rank of FDHY is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MNHYX vs. FDHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and Fidelity High Yield Factor ETF (FDHY). 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.


The chart of Sharpe ratio for MNHYX, currently valued at 2.09, compared to the broader market-1.000.001.002.003.00
MNHYX: 2.09
FDHY: 1.33
The chart of Sortino ratio for MNHYX, currently valued at 2.72, compared to the broader market-2.000.002.004.006.008.00
MNHYX: 2.72
FDHY: 1.91
The chart of Omega ratio for MNHYX, currently valued at 1.47, compared to the broader market0.501.001.502.002.503.00
MNHYX: 1.47
FDHY: 1.27
The chart of Calmar ratio for MNHYX, currently valued at 1.68, compared to the broader market0.002.004.006.008.0010.00
MNHYX: 1.68
FDHY: 1.40
The chart of Martin ratio for MNHYX, currently valued at 7.59, compared to the broader market0.0010.0020.0030.0040.0050.00
MNHYX: 7.59
FDHY: 7.24

The current MNHYX Sharpe Ratio is 2.09, which is higher than the FDHY Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of MNHYX and FDHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.00NovemberDecember2025FebruaryMarchApril
2.09
1.33
MNHYX
FDHY

Dividends

MNHYX vs. FDHY - Dividend Comparison

MNHYX's dividend yield for the trailing twelve months is around 6.60%, less than FDHY's 6.68% yield.


TTM20242023202220212020201920182017201620152014
MNHYX
Manning & Napier High Yield Bond Series
6.60%6.40%6.67%5.67%4.57%5.00%6.64%5.26%5.17%6.50%5.61%4.97%
FDHY
Fidelity High Yield Factor ETF
6.68%6.58%6.26%5.34%6.09%5.78%4.94%3.07%0.00%0.00%0.00%0.00%

Drawdowns

MNHYX vs. FDHY - Drawdown Comparison

The maximum MNHYX drawdown since its inception was -19.69%, roughly equal to the maximum FDHY drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for MNHYX and FDHY. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.20%
-1.39%
MNHYX
FDHY

Volatility

MNHYX vs. FDHY - Volatility Comparison

The current volatility for Manning & Napier High Yield Bond Series (MNHYX) is 2.49%, while Fidelity High Yield Factor ETF (FDHY) has a volatility of 3.95%. This indicates that MNHYX experiences smaller price fluctuations and is considered to be less risky than FDHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
2.49%
3.95%
MNHYX
FDHY