MNHYX vs. HYG
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHYX or HYG.
Correlation
The correlation between MNHYX and HYG is 0.36, 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.
Performance
MNHYX vs. HYG - Performance Comparison
Key characteristics
MNHYX:
2.09
HYG:
1.55
MNHYX:
2.72
HYG:
2.30
MNHYX:
1.47
HYG:
1.33
MNHYX:
1.68
HYG:
1.95
MNHYX:
7.59
HYG:
10.43
MNHYX:
0.98%
HYG:
0.85%
MNHYX:
3.57%
HYG:
5.74%
MNHYX:
-19.69%
HYG:
-34.24%
MNHYX:
-2.20%
HYG:
-0.75%
Returns By Period
In the year-to-date period, MNHYX achieves a -0.10% return, which is significantly lower than HYG's 1.57% return. Over the past 10 years, MNHYX has outperformed HYG with an annualized return of 5.30%, while HYG has yielded a comparatively lower 3.88% annualized return.
MNHYX
-0.10%
-1.61%
0.69%
7.68%
8.38%
5.30%
HYG
1.57%
0.08%
2.26%
9.38%
5.52%
3.88%
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MNHYX vs. HYG - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
MNHYX vs. HYG — Risk-Adjusted Performance Rank
MNHYX
HYG
MNHYX vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.60%, more than HYG's 5.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.87% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
MNHYX vs. HYG - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.69%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for MNHYX and HYG. For additional features, visit the drawdowns tool.
Volatility
MNHYX vs. HYG - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond Series (MNHYX) is 2.49%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 4.20%. This indicates that MNHYX experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.