MNHYX vs. FIHBX
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and Federated Hermes Institutional High Yield Bond Fund (FIHBX).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. FIHBX is managed by Federated. It was launched on Nov 1, 2002.
Performance
MNHYX vs. FIHBX - Performance Comparison
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MNHYX vs. FIHBX - 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% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | -1.32% | 8.59% | 6.40% | 13.17% | -12.64% | 3.92% | 5.99% | 15.01% | -2.80% | 7.19% |
Returns By Period
In the year-to-date period, MNHYX achieves a -0.59% return, which is significantly higher than FIHBX's -1.32% return. Over the past 10 years, MNHYX has outperformed FIHBX with an annualized return of 6.65%, while FIHBX has yielded a comparatively lower 5.15% 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%
FIHBX
- 1D
- 0.57%
- 1M
- -1.45%
- YTD
- -1.32%
- 6M
- 0.31%
- 1Y
- 6.07%
- 3Y*
- 7.62%
- 5Y*
- 3.19%
- 10Y*
- 5.15%
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MNHYX vs. FIHBX - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than FIHBX's 0.50% expense ratio.
Return for Risk
MNHYX vs. FIHBX — Risk / Return Rank
MNHYX
FIHBX
MNHYX vs. FIHBX - 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 Institutional High Yield Bond Fund (FIHBX). 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 | FIHBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.60 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.30 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.44 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.50 | -1.01 |
Martin ratioReturn relative to average drawdown | 5.83 | 10.29 | -4.45 |
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 | FIHBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.60 | -0.17 |
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 | 0.90 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.80 | 1.35 | +0.45 |
Correlation
The correlation between MNHYX and FIHBX is 0.71, 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. FIHBX - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.89%, more than FIHBX's 6.00% 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% |
FIHBX Federated Hermes Institutional High Yield Bond Fund | 6.00% | 6.29% | 5.94% | 5.93% | 4.58% | 4.25% | 5.14% | 5.79% | 6.24% | 5.55% | 5.75% | 6.46% |
Drawdowns
MNHYX vs. FIHBX - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, smaller than the maximum FIHBX drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for MNHYX and FIHBX.
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Drawdown Indicators
| MNHYX | FIHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -31.05% | +11.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -2.49% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -16.35% | +5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | -21.67% | +1.97% |
Current DrawdownCurrent decline from peak | -1.69% | -1.78% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -2.31% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.60% | +0.26% |
Volatility
MNHYX vs. FIHBX - Volatility Comparison
Manning & Napier High Yield Bond Series (MNHYX) has a higher volatility of 1.62% compared to Federated Hermes Institutional High Yield Bond Fund (FIHBX) at 1.50%. This indicates that MNHYX's price experiences larger fluctuations and is considered to be riskier than FIHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHYX | FIHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.50% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 2.56% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 3.80% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 5.15% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 5.76% | -1.61% |