MNHYX vs. USHY
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNHYX or USHY.
Correlation
The correlation between MNHYX and USHY is 0.54, 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.
Performance
MNHYX vs. USHY - Performance Comparison
Key characteristics
MNHYX:
2.99
USHY:
2.03
MNHYX:
4.08
USHY:
2.93
MNHYX:
1.68
USHY:
1.37
MNHYX:
3.70
USHY:
3.70
MNHYX:
20.19
USHY:
14.31
MNHYX:
0.42%
USHY:
0.60%
MNHYX:
2.84%
USHY:
4.20%
MNHYX:
-19.69%
USHY:
-22.44%
MNHYX:
-2.30%
USHY:
-1.21%
Returns By Period
In the year-to-date period, MNHYX achieves a 7.47% return, which is significantly lower than USHY's 8.27% return.
MNHYX
7.47%
-1.11%
3.07%
8.15%
4.94%
5.49%
USHY
8.27%
-0.29%
5.10%
8.54%
3.93%
N/A
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MNHYX vs. USHY - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than USHY's 0.15% expense ratio.
Risk-Adjusted Performance
MNHYX vs. USHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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. USHY - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 4.80%, less than USHY's 6.90% 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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.90% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MNHYX vs. USHY - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.69%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for MNHYX and USHY. For additional features, visit the drawdowns tool.
Volatility
MNHYX vs. USHY - Volatility Comparison
Manning & Napier High Yield Bond Series (MNHYX) and iShares Broad USD High Yield Corporate Bond ETF (USHY) have volatilities of 1.40% and 1.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.