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 | 5.20% | 8.76% |
| 1Y Return | 10.44% | 15.28% |
| 3Y Return (Ann) | -1.54% | 5.12% |
| 5Y Return (Ann) | 0.52% | 6.62% |
| 10Y Return (Ann) | 1.88% | 5.62% |
| Sharpe Ratio | 1.67 | 4.73 |
| Daily Std Dev | 6.34% | 3.23% |
| Max Drawdown | -18.84% | -19.70% |
| Current Drawdown | -5.94% | 0.00% |
Correlation
The correlation between BND and MNHYX is 0.08, 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 5.20% return, which is significantly lower than MNHYX's 8.76% return. Over the past 10 years, BND has underperformed MNHYX with an annualized return of 1.88%, while MNHYX has yielded a comparatively higher 5.62% 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 3.36%, less than MNHYX's 6.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.36% | 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 | 6.54% | 6.66% | 5.93% | 7.93% | 4.98% | 6.63% | 5.26% | 5.16% | 6.49% | 5.60% | 8.13% | 8.10% |
Drawdowns
BND vs. MNHYX - Drawdown Comparison
The maximum BND drawdown since its inception was -18.84%, roughly equal to the maximum MNHYX drawdown of -19.70%. 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 1.08% compared to Manning & Napier High Yield Bond Series (MNHYX) at 0.54%. 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.