MNHYX vs. VWEAX
Compare and contrast key facts about Manning & Napier High Yield Bond Series (MNHYX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
MNHYX vs. VWEAX - Performance Comparison
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MNHYX vs. VWEAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNHYX Manning & Napier High Yield Bond Series | -1.11% | 6.65% | 9.63% | 13.19% | -7.59% | 9.99% | 6.26% | 13.99% | -1.30% | 8.49% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Returns By Period
In the year-to-date period, MNHYX achieves a -1.11% return, which is significantly higher than VWEAX's -1.68% return. Over the past 10 years, MNHYX has outperformed VWEAX with an annualized return of 6.59%, while VWEAX has yielded a comparatively lower 5.22% annualized return.
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%
VWEAX
- 1D
- 0.18%
- 1M
- -2.17%
- YTD
- -1.68%
- 6M
- 0.04%
- 1Y
- 5.98%
- 3Y*
- 7.45%
- 5Y*
- 3.91%
- 10Y*
- 5.22%
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MNHYX vs. VWEAX - Expense Ratio Comparison
MNHYX has a 0.90% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Return for Risk
MNHYX vs. VWEAX — Risk / Return Rank
MNHYX
VWEAX
MNHYX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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 | VWEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.92 | -0.68 |
Sortino ratioReturn per unit of downside risk | 1.64 | 2.89 | -1.25 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.47 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.52 | -1.28 |
Martin ratioReturn relative to average drawdown | 4.86 | 10.45 | -5.58 |
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 | VWEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.92 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.46 | 0.81 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.59 | 1.00 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 1.22 | +0.57 |
Correlation
The correlation between MNHYX and VWEAX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MNHYX vs. VWEAX - Dividend Comparison
MNHYX's dividend yield for the trailing twelve months is around 6.93%, more than VWEAX's 5.91% yield.
| 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.91% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Drawdowns
MNHYX vs. VWEAX - Drawdown Comparison
The maximum MNHYX drawdown since its inception was -19.70%, smaller than the maximum VWEAX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for MNHYX and VWEAX.
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Drawdown Indicators
| MNHYX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -30.05% | +10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -2.52% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | -13.77% | +2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | -19.68% | -0.02% |
Current DrawdownCurrent decline from peak | -2.20% | -2.34% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -2.13% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.61% | +0.25% |
Volatility
MNHYX vs. VWEAX - Volatility Comparison
Manning & Napier High Yield Bond Series (MNHYX) has a higher volatility of 1.50% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 1.23%. This indicates that MNHYX's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHYX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.23% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 2.25% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.43% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 4.86% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 5.27% | -1.12% |