MNHYX vs. FHYSX
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
MNHYX vs. FHYSX - Performance Comparison
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MNHYX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNHYX Manning & Napier High Yield Bond Series | -0.59% | 6.65% | 9.63% | 13.19% | -7.59% | 9.99% | 6.26% | 13.99% | -1.30% | 8.49% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.26% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
In the year-to-date period, MNHYX achieves a -0.59% return, which is significantly higher than FHYSX's -1.26% return. Over the past 10 years, MNHYX has outperformed FHYSX with an annualized return of 6.65%, while FHYSX has yielded a comparatively lower 5.44% annualized 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%
FHYSX
- 1D
- 0.52%
- 1M
- -1.60%
- YTD
- -1.26%
- 6M
- 0.52%
- 1Y
- 6.43%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- 5.44%
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MNHYX vs. FHYSX - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
MNHYX vs. FHYSX — Risk / Return Rank
MNHYX
FHYSX
MNHYX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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.
| MNHYX | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.71 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.43 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.46 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.73 | -1.24 |
Martin ratioReturn relative to average drawdown | 5.83 | 11.03 | -5.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MNHYX | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.71 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.48 | 0.62 | +0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.61 | 0.95 | +0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.80 | 0.86 | +0.94 |
Correlation
The correlation between MNHYX and FHYSX is 0.70, 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. FHYSX - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.89%, more than FHYSX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.79% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
MNHYX vs. FHYSX - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, smaller than the maximum FHYSX drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for MNHYX and FHYSX.
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Drawdown Indicators
| MNHYX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -21.45% | +1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -2.50% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -16.93% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | -21.45% | +1.75% |
Current DrawdownCurrent decline from peak | -1.69% | -1.77% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -2.61% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.62% | +0.24% |
Volatility
MNHYX vs. FHYSX - Volatility Comparison
Manning & Napier High Yield Bond Series (MNHYX) has a higher volatility of 1.62% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.38%. This indicates that MNHYX's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHYX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.38% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 2.43% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.79% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 5.20% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 5.77% | -1.62% |