BND vs. MNHYX
Compare and contrast key facts about Vanguard Total Bond Market ETF (BND) and Manning & Napier High Yield Bond Series (MNHYX).
BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. MNHYX is managed by Manning & Napier. It was launched on Sep 14, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BND or MNHYX.
Key characteristics
| BND | MNHYX | |
|---|---|---|
| YTD Return | 2.40% | 9.56% |
| 1Y Return | 8.91% | 15.94% |
| 3Y Return (Ann) | -2.38% | 3.47% |
| 5Y Return (Ann) | 0.01% | 5.96% |
| 10Y Return (Ann) | 1.50% | 5.07% |
| Sharpe Ratio | 1.38 | 5.80 |
| Sortino Ratio | 2.03 | 10.35 |
| Omega Ratio | 1.24 | 2.60 |
| Calmar Ratio | 0.51 | 3.51 |
| Martin Ratio | 4.99 | 53.50 |
| Ulcer Index | 1.62% | 0.29% |
| Daily Std Dev | 5.85% | 2.71% |
| Max Drawdown | -18.84% | -19.69% |
| Current Drawdown | -8.44% | 0.00% |
Correlation
The correlation between BND and MNHYX is 0.09, 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
BND vs. MNHYX - Performance Comparison
In the year-to-date period, BND achieves a 2.40% return, which is significantly lower than MNHYX's 9.56% return. Over the past 10 years, BND has underperformed MNHYX with an annualized return of 1.50%, while MNHYX has yielded a comparatively higher 5.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BND vs. MNHYX - Expense Ratio Comparison
BND has a 0.03% expense ratio, which is lower than MNHYX's 0.90% expense ratio.
Risk-Adjusted Performance
BND vs. MNHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market ETF (BND) and Manning & Napier High Yield Bond Series (MNHYX). 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
BND vs. MNHYX - Dividend Comparison
BND's dividend yield for the trailing twelve months is around 3.55%, less than MNHYX's 6.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
MNHYX Manning & Napier High Yield Bond Series | 5.97% | 6.67% | 5.67% | 4.57% | 5.00% | 6.64% | 5.26% | 5.17% | 6.50% | 5.61% | 4.97% | 5.00% |
Drawdowns
BND vs. MNHYX - Drawdown Comparison
The maximum BND drawdown since its inception was -18.84%, roughly equal to the maximum MNHYX drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for BND and MNHYX. For additional features, visit the drawdowns tool.
Volatility
BND vs. MNHYX - Volatility Comparison
Vanguard Total Bond Market ETF (BND) has a higher volatility of 1.67% compared to Manning & Napier High Yield Bond Series (MNHYX) at 0.60%. This indicates that BND's price experiences larger fluctuations and is considered to be riskier than MNHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.