PHYZX vs. MNHAX
Compare and contrast key facts about PGIM High Yield Fund Class Z (PHYZX) and Manning & Napier High Yield Bond I (MNHAX).
PHYZX is an actively managed fund by PGIM. It was launched on Jan 22, 1990. MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012.
Performance
PHYZX vs. MNHAX - Performance Comparison
Loading graphics...
PHYZX vs. MNHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHYZX PGIM High Yield Fund Class Z | -1.41% | 9.04% | 8.37% | 12.23% | -12.31% | 5.83% | 7.73% | 16.14% | -1.25% | 7.79% |
MNHAX Manning & Napier High Yield Bond I | -1.67% | 6.90% | 9.29% | 13.49% | -7.38% | 10.27% | 6.58% | 14.25% | -0.98% | 8.68% |
Returns By Period
In the year-to-date period, PHYZX achieves a -1.41% return, which is significantly higher than MNHAX's -1.67% return. Over the past 10 years, PHYZX has underperformed MNHAX with an annualized return of 6.07%, while MNHAX has yielded a comparatively higher 6.73% annualized return.
PHYZX
- 1D
- 0.00%
- 1M
- -2.47%
- YTD
- -1.41%
- 6M
- -0.20%
- 1Y
- 5.91%
- 3Y*
- 8.28%
- 5Y*
- 3.71%
- 10Y*
- 6.07%
MNHAX
- 1D
- 0.32%
- 1M
- -2.47%
- YTD
- -1.67%
- 6M
- -0.40%
- 1Y
- 4.27%
- 3Y*
- 8.42%
- 5Y*
- 5.33%
- 10Y*
- 6.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PHYZX vs. MNHAX - Expense Ratio Comparison
PHYZX has a 0.51% expense ratio, which is lower than MNHAX's 0.66% expense ratio.
Return for Risk
PHYZX vs. MNHAX — Risk / Return Rank
PHYZX
MNHAX
PHYZX vs. MNHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Fund Class Z (PHYZX) and Manning & Napier High Yield Bond I (MNHAX). 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.
| PHYZX | MNHAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.09 | +0.62 |
Sortino ratioReturn per unit of downside risk | 2.54 | 1.40 | +1.13 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.10 | +0.98 |
Martin ratioReturn relative to average drawdown | 8.46 | 4.36 | +4.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PHYZX | MNHAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.09 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.37 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 0.63 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.65 | +0.53 |
Correlation
The correlation between PHYZX and MNHAX 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
PHYZX vs. MNHAX - Dividend Comparison
PHYZX's dividend yield for the trailing twelve months is around 6.51%, less than MNHAX's 6.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYZX PGIM High Yield Fund Class Z | 6.51% | 6.95% | 7.37% | 7.00% | 6.15% | 6.08% | 8.35% | 6.21% | 6.55% | 6.25% | 6.36% | 6.93% |
MNHAX Manning & Napier High Yield Bond I | 6.64% | 7.29% | 7.02% | 8.59% | 7.61% | 9.81% | 6.26% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% |
Drawdowns
PHYZX vs. MNHAX - Drawdown Comparison
The maximum PHYZX drawdown since its inception was -28.57%, which is greater than MNHAX's maximum drawdown of -20.13%. Use the drawdown chart below to compare losses from any high point for PHYZX and MNHAX.
Loading graphics...
Drawdown Indicators
| PHYZX | MNHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.57% | -20.13% | -8.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.40% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.09% | -20.13% | +4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -21.09% | -20.13% | -0.96% |
Current DrawdownCurrent decline from peak | -2.47% | -14.06% | +11.59% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -3.41% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.86% | -0.14% |
Volatility
PHYZX vs. MNHAX - Volatility Comparison
The current volatility for PGIM High Yield Fund Class Z (PHYZX) is 1.19%, while Manning & Napier High Yield Bond I (MNHAX) has a volatility of 1.68%. This indicates that PHYZX experiences smaller price fluctuations and is considered to be less risky than MNHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PHYZX | MNHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.68% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 2.20% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 3.74% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 14.41% | -9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 10.69% | -5.17% |