MNHYX vs. PIAMX
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and PIA High Yield (MACS) Fund (PIAMX).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Performance
MNHYX vs. PIAMX - Performance Comparison
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MNHYX vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MNHYX Manning & Napier High Yield Bond Series | -1.11% | 6.65% | 9.63% | 13.19% | -7.59% | 9.99% | 6.26% | 13.99% | -1.98% |
PIAMX PIA High Yield (MACS) Fund | -2.20% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Returns By Period
In the year-to-date period, MNHYX achieves a -1.11% return, which is significantly higher than PIAMX's -2.20% 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%
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
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MNHYX vs. PIAMX - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Return for Risk
MNHYX vs. PIAMX — Risk / Return Rank
MNHYX
PIAMX
MNHYX vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and PIA High Yield (MACS) Fund (PIAMX). 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 | PIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.31 | +0.93 |
Sortino ratioReturn per unit of downside risk | 1.64 | 0.41 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.07 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.20 | +1.04 |
Martin ratioReturn relative to average drawdown | 4.86 | 0.61 | +4.25 |
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 | PIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.31 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.46 | 0.97 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 1.15 | +0.63 |
Correlation
The correlation between MNHYX and PIAMX is 0.74, 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. PIAMX - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.93%, less than PIAMX's 8.51% 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% |
PIAMX PIA High Yield (MACS) Fund | 8.51% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% | 0.00% |
Drawdowns
MNHYX vs. PIAMX - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, which is greater than PIAMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for MNHYX and PIAMX.
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Drawdown Indicators
| MNHYX | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -18.15% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.17% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -13.92% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | — | — |
Current DrawdownCurrent decline from peak | -2.20% | -3.50% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -2.36% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.37% | -0.51% |
Volatility
MNHYX vs. PIAMX - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond Series (MNHYX) is 1.50%, while PIA High Yield (MACS) Fund (PIAMX) has a volatility of 1.72%. This indicates that MNHYX experiences smaller price fluctuations and is considered to be less risky than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHYX | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.72% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 2.45% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 4.32% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 4.01% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 4.25% | -0.10% |