MNHYX vs. SPY
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and State Street 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.
Performance
MNHYX vs. SPY - Performance Comparison
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MNHYX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, MNHYX achieves a -0.59% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, MNHYX has underperformed SPY with an annualized return of 6.65%, while SPY has yielded a comparatively higher 14.06% annualized return.
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%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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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.
Return for Risk
MNHYX vs. SPY — Risk / Return Rank
MNHYX
SPY
MNHYX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and State Street 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.
| MNHYX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 0.96 | +0.48 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.49 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.53 | -0.04 |
Martin ratioReturn relative to average drawdown | 5.83 | 7.27 | -1.43 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.96 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.48 | 0.70 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.61 | 0.79 | +0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.80 | 0.56 | +1.23 |
Correlation
The correlation between MNHYX and SPY is 0.37, 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.
Dividends
MNHYX vs. SPY - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.89%, more than SPY's 1.13% 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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MNHYX vs. SPY - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, 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.
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Drawdown Indicators
| MNHYX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -55.19% | +35.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -12.05% | +8.67% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -24.50% | +13.66% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | -33.72% | +14.02% |
Current DrawdownCurrent decline from peak | -1.69% | -5.53% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -9.09% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.54% | -1.68% |
Volatility
MNHYX vs. SPY - Volatility Comparison
The current volatility for Manning & Napier High Yield Bond Series (MNHYX) is 1.62%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. 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.
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Volatility by Period
| MNHYX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 5.35% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 9.50% | -7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.68% | 19.06% | -15.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 17.06% | -13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 17.92% | -13.77% |