MNHYX vs. MNHAX
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and Manning & Napier High Yield Bond I (MNHAX).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012.
Performance
MNHYX vs. MNHAX - Performance Comparison
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MNHYX vs. MNHAX - 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% |
MNHAX Manning & Napier High Yield Bond I | -1.05% | 6.90% | 9.29% | 13.49% | -7.38% | 10.27% | 6.58% | 14.25% | -0.98% | 8.68% |
Returns By Period
In the year-to-date period, MNHYX achieves a -0.59% return, which is significantly higher than MNHAX's -1.05% return. Both investments have delivered pretty close results over the past 10 years, with MNHYX having a 6.65% annualized return and MNHAX not far ahead at 6.80%.
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%
MNHAX
- 1D
- 0.63%
- 1M
- -1.75%
- YTD
- -1.05%
- 6M
- 0.13%
- 1Y
- 4.72%
- 3Y*
- 8.65%
- 5Y*
- 5.44%
- 10Y*
- 6.80%
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MNHYX vs. MNHAX - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than MNHAX's 0.66% expense ratio.
Return for Risk
MNHYX vs. MNHAX — Risk / Return Rank
MNHYX
MNHAX
MNHYX vs. MNHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and Manning & Napier High Yield Bond I (MNHAX). 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 | MNHAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.31 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.70 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.39 | +0.10 |
Martin ratioReturn relative to average drawdown | 5.83 | 5.43 | +0.40 |
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 | MNHAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.31 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.48 | 0.38 | +1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.61 | 0.64 | +0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.80 | 0.66 | +1.14 |
Correlation
The correlation between MNHYX and MNHAX is 0.90, 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. MNHAX - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.89%, more than MNHAX's 6.60% 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% |
MNHAX Manning & Napier High Yield Bond I | 6.60% | 7.29% | 7.02% | 8.59% | 7.61% | 9.81% | 6.26% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% |
Drawdowns
MNHYX vs. MNHAX - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, roughly equal to the maximum MNHAX drawdown of -20.13%. Use the drawdown chart below to compare losses from any high point for MNHYX and MNHAX.
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Drawdown Indicators
| MNHYX | MNHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -20.13% | +0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.40% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -20.13% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | -20.13% | +0.43% |
Current DrawdownCurrent decline from peak | -1.69% | -13.52% | +11.83% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -3.41% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.87% | -0.01% |
Volatility
MNHYX vs. MNHAX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond Series (MNHYX) is 1.62%, while Manning & Napier High Yield Bond I (MNHAX) has a volatility of 1.84%. This indicates that MNHYX experiences smaller price fluctuations and is considered to be less risky than MNHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHYX | MNHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.84% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 2.29% | -0.17% |
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% | 14.41% | -10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 10.69% | -6.54% |