MNHYX vs. FOCIX
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and Fairholme Focused Income Fund (FOCIX).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
MNHYX vs. FOCIX - Performance Comparison
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MNHYX vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNHYX Manning & Napier High Yield Bond Series | -1.11% | 6.65% | 9.63% | 13.19% | -7.59% | 9.99% | 6.26% | 13.99% | -1.30% | 8.49% |
FOCIX Fairholme Focused Income Fund | 6.93% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Returns By Period
In the year-to-date period, MNHYX achieves a -1.11% return, which is significantly lower than FOCIX's 6.93% return. Over the past 10 years, MNHYX has underperformed FOCIX with an annualized return of 6.59%, while FOCIX has yielded a comparatively higher 8.24% annualized return.
MNHYX
- 1D
- 0.32%
- 1M
- -1.86%
- YTD
- -1.11%
- 6M
- 0.19%
- 1Y
- 4.70%
- 3Y*
- 8.57%
- 5Y*
- 5.31%
- 10Y*
- 6.59%
FOCIX
- 1D
- 0.19%
- 1M
- 1.18%
- YTD
- 6.93%
- 6M
- 6.35%
- 1Y
- 9.02%
- 3Y*
- 11.77%
- 5Y*
- 10.04%
- 10Y*
- 8.24%
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MNHYX vs. FOCIX - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Return for Risk
MNHYX vs. FOCIX — Risk / Return Rank
MNHYX
FOCIX
MNHYX vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and Fairholme Focused Income Fund (FOCIX). 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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.98 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.38 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.18 | +0.05 |
Martin ratioReturn relative to average drawdown | 4.86 | 4.79 | +0.08 |
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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.98 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.46 | 1.04 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.59 | 0.90 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 0.80 | +0.99 |
Correlation
The correlation between MNHYX and FOCIX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MNHYX vs. FOCIX - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.93%, more than FOCIX's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHYX Manning & Napier High Yield Bond Series | 6.93% | 6.95% | 6.38% | 6.66% | 5.93% | 7.93% | 4.98% | 6.63% | 5.26% | 5.16% | 6.49% | 5.60% |
FOCIX Fairholme Focused Income Fund | 1.23% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Drawdowns
MNHYX vs. FOCIX - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, roughly equal to the maximum FOCIX drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for MNHYX and FOCIX.
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Drawdown Indicators
| MNHYX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -18.78% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -7.45% | +4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -12.36% | +1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | -18.61% | -1.09% |
Current DrawdownCurrent decline from peak | -2.20% | -0.58% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -4.81% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.84% | -0.98% |
Volatility
MNHYX vs. FOCIX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond Series (MNHYX) is 1.50%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 2.49%. This indicates that MNHYX experiences smaller price fluctuations and is considered to be less risky than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHYX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 2.49% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 5.63% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 9.26% | -5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 9.73% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 9.18% | -5.03% |