MNHYX vs. SPY
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and SPDR S&P 500 ETF (SPY).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHYX or SPY.
Correlation
The correlation between MNHYX and SPY 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. SPY - Performance Comparison
Key characteristics
MNHYX:
2.99
SPY:
2.03
MNHYX:
4.08
SPY:
2.71
MNHYX:
1.68
SPY:
1.38
MNHYX:
3.70
SPY:
3.02
MNHYX:
20.19
SPY:
13.49
MNHYX:
0.42%
SPY:
1.88%
MNHYX:
2.84%
SPY:
12.48%
MNHYX:
-19.69%
SPY:
-55.19%
MNHYX:
-2.30%
SPY:
-3.54%
Returns By Period
In the year-to-date period, MNHYX achieves a 7.47% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, MNHYX has underperformed SPY with an annualized return of 5.49%, while SPY has yielded a comparatively higher 12.94% annualized return.
MNHYX
7.47%
-1.11%
3.07%
8.15%
4.94%
5.49%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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MNHYX vs. SPY - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MNHYX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 4.80%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHYX Manning & Napier High Yield Bond Series | 4.80% | 6.67% | 5.67% | 4.57% | 5.00% | 6.64% | 5.26% | 5.17% | 6.50% | 5.61% | 4.97% | 5.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MNHYX vs. SPY - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.69%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MNHYX and SPY. For additional features, visit the drawdowns tool.
Volatility
MNHYX vs. SPY - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond Series (MNHYX) is 1.40%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.61%. This indicates that MNHYX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.