MNHYX vs. SWAV

Last updated Apr 1, 2026

Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and ShockWave Medical, Inc. (SWAV).

MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009.

Performance

MNHYX vs. SWAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manning & Napier High Yield Bond Series (MNHYX) and ShockWave Medical, Inc. (SWAV). The values are adjusted to include any dividend payments, if applicable.

MNHYX vs. SWAV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MNHYX Manning & Napier High Yield Bond Series	-1.11%	6.65%	9.63%	13.19%	-7.59%	9.99%	6.26%	8.05%
SWAV ShockWave Medical, Inc.	0.00%	0.00%	75.67%	-7.32%	15.30%	71.93%	136.16%	44.00%

Returns By Period

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%

SWAV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MNHYX vs. SWAV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MNHYX

MNHYX Risk / Return Rank: 62
MNHYX Sharpe Ratio Rank: 71
MNHYX Sortino Ratio Rank: 66
MNHYX Omega Ratio Rank: 74
MNHYX Calmar Ratio Rank: 51
MNHYX Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MNHYX vs. SWAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and ShockWave Medical, Inc. (SWAV). 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	SWAV	Difference
Sharpe ratio Return per unit of total volatility	1.24	—	—
Sortino ratio Return per unit of downside risk	1.64	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	1.23	—	—
Martin ratio Return relative to average drawdown	4.86	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MNHYX	SWAV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.46	—	—
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	—	—

Correlation

The correlation between MNHYX and SWAV is 0.16, 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. SWAV - Dividend Comparison

MNHYX's dividend yield for the trailing twelve months is around 6.93%, while SWAV has not paid dividends to shareholders.

	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%
SWAV ShockWave Medical, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	MNHYX	SWAV	Difference
Max Drawdown Largest peak-to-trough decline	-19.70%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.70%	—	—
Current Drawdown Current decline from peak	-2.20%	—	—
Average Drawdown Average peak-to-trough decline	-1.57%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	—	—

Volatility

Volatility by Period

	MNHYX	SWAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.66%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.15%	—	—