MNHYX vs. LHYAX
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and Lord Abbett High Yield Fund (LHYAX).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. LHYAX is managed by Lord Abbett. It was launched on Dec 31, 1998.
Performance
MNHYX vs. LHYAX - Performance Comparison
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MNHYX vs. LHYAX - 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% |
LHYAX Lord Abbett High Yield Fund | -1.34% | 7.44% | 7.25% | 9.84% | -14.97% | 6.16% | 4.56% | 15.11% | -5.10% | 8.53% |
Returns By Period
In the year-to-date period, MNHYX achieves a -0.59% return, which is significantly higher than LHYAX's -1.34% return. Over the past 10 years, MNHYX has outperformed LHYAX with an annualized return of 6.65%, while LHYAX has yielded a comparatively lower 4.71% 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%
LHYAX
- 1D
- 0.65%
- 1M
- -2.05%
- YTD
- -1.34%
- 6M
- -0.00%
- 1Y
- 5.50%
- 3Y*
- 6.74%
- 5Y*
- 2.05%
- 10Y*
- 4.71%
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MNHYX vs. LHYAX - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than LHYAX's 0.88% expense ratio.
Return for Risk
MNHYX vs. LHYAX — Risk / Return Rank
MNHYX
LHYAX
MNHYX vs. LHYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and Lord Abbett High Yield Fund (LHYAX). 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 | LHYAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.34 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.86 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.57 | -0.08 |
Martin ratioReturn relative to average drawdown | 5.83 | 6.06 | -0.22 |
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 | LHYAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.34 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.48 | 0.41 | +1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.61 | 0.83 | +0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.80 | 1.14 | +0.66 |
Correlation
The correlation between MNHYX and LHYAX is 0.72, 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. LHYAX - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.89%, more than LHYAX's 6.76% 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% |
LHYAX Lord Abbett High Yield Fund | 6.76% | 7.13% | 6.02% | 5.84% | 4.60% | 4.91% | 5.15% | 5.47% | 6.29% | 5.65% | 5.85% | 6.08% |
Drawdowns
MNHYX vs. LHYAX - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, smaller than the maximum LHYAX drawdown of -31.68%. Use the drawdown chart below to compare losses from any high point for MNHYX and LHYAX.
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Drawdown Indicators
| MNHYX | LHYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -31.68% | +11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.80% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -18.67% | +7.83% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | -24.23% | +4.53% |
Current DrawdownCurrent decline from peak | -1.69% | -2.39% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -3.09% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.99% | -0.13% |
Volatility
MNHYX vs. LHYAX - Volatility Comparison
Manning & Napier High Yield Bond Series (MNHYX) and Lord Abbett High Yield Fund (LHYAX) have volatilities of 1.62% and 1.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHYX | LHYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.61% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 2.65% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 4.25% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 5.04% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 5.72% | -1.57% |