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:
2.09
SPY:
0.51
MNHYX:
2.72
SPY:
0.86
MNHYX:
1.47
SPY:
1.13
MNHYX:
1.68
SPY:
0.55
MNHYX:
7.59
SPY:
2.26
MNHYX:
0.98%
SPY:
4.55%
MNHYX:
3.57%
SPY:
20.08%
MNHYX:
-19.69%
SPY:
-55.19%
MNHYX:
-2.20%
SPY:
-9.89%
Returns By Period
In the year-to-date period, MNHYX achieves a -0.10% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, MNHYX has underperformed SPY with an annualized return of 5.30%, while SPY has yielded a comparatively higher 11.99% annualized return.
MNHYX
-0.10%
-1.61%
0.69%
7.68%
8.38%
5.30%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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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 Rank
MNHYX
SPY
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 6.60%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHYX Manning & Napier High Yield Bond Series | 6.60% | 6.40% | 6.67% | 5.67% | 4.57% | 5.00% | 6.64% | 5.26% | 5.17% | 6.50% | 5.61% | 4.97% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 2.49%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. 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.