MNHYX vs. PYFRX
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and Payden Floating Rate Fund (PYFRX).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013.
Performance
MNHYX vs. PYFRX - Performance Comparison
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MNHYX vs. PYFRX - 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% |
PYFRX Payden Floating Rate Fund | -0.31% | 6.61% | 8.90% | 12.86% | 0.27% | 3.93% | 1.72% | 8.49% | 0.31% | 2.82% |
Returns By Period
In the year-to-date period, MNHYX achieves a -1.11% return, which is significantly lower than PYFRX's -0.31% return. Over the past 10 years, MNHYX has outperformed PYFRX with an annualized return of 6.59%, while PYFRX has yielded a comparatively lower 5.01% 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%
PYFRX
- 1D
- 0.04%
- 1M
- 0.14%
- YTD
- -0.31%
- 6M
- 1.29%
- 1Y
- 5.59%
- 3Y*
- 8.14%
- 5Y*
- 6.11%
- 10Y*
- 5.01%
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MNHYX vs. PYFRX - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than PYFRX's 0.70% expense ratio.
Return for Risk
MNHYX vs. PYFRX — Risk / Return Rank
MNHYX
PYFRX
MNHYX vs. PYFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and Payden Floating Rate Fund (PYFRX). 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 | PYFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 2.70 | -1.46 |
Sortino ratioReturn per unit of downside risk | 1.64 | 3.51 | -1.87 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.88 | -0.61 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.26 | -1.03 |
Martin ratioReturn relative to average drawdown | 4.86 | 10.65 | -5.79 |
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 | PYFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.70 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.46 | 3.17 | -1.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.59 | 1.39 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 1.36 | +0.43 |
Correlation
The correlation between MNHYX and PYFRX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MNHYX vs. PYFRX - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.93%, less than PYFRX's 7.23% 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% |
PYFRX Payden Floating Rate Fund | 7.23% | 7.55% | 8.88% | 8.35% | 5.08% | 2.94% | 3.19% | 4.45% | 4.22% | 3.30% | 3.53% | 3.17% |
Drawdowns
MNHYX vs. PYFRX - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, roughly equal to the maximum PYFRX drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for MNHYX and PYFRX.
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Drawdown Indicators
| MNHYX | PYFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -20.18% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -2.18% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -4.80% | -6.04% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | -20.18% | +0.48% |
Current DrawdownCurrent decline from peak | -2.20% | -0.62% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -0.60% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.51% | +0.35% |
Volatility
MNHYX vs. PYFRX - Volatility Comparison
Manning & Napier High Yield Bond Series (MNHYX) has a higher volatility of 1.50% compared to Payden Floating Rate Fund (PYFRX) at 0.67%. This indicates that MNHYX's price experiences larger fluctuations and is considered to be riskier than PYFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHYX | PYFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 0.67% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 0.96% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 2.04% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 1.94% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 3.62% | +0.53% |