PRPFX vs. MNHAX
Compare and contrast key facts about Permanent Portfolio Permanent Portfolio (PRPFX) and Manning & Napier High Yield Bond I (MNHAX).
PRPFX is managed by Permanent Portfolio. It was launched on Nov 30, 1982. MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012.
Performance
PRPFX vs. MNHAX - Performance Comparison
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PRPFX vs. MNHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRPFX Permanent Portfolio Permanent Portfolio | 2.72% | 28.78% | 19.36% | 11.96% | -5.48% | 10.87% | 18.80% | 19.20% | -7.02% | 11.42% |
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, PRPFX achieves a 2.72% return, which is significantly higher than MNHAX's -1.67% return. Over the past 10 years, PRPFX has outperformed MNHAX with an annualized return of 10.84%, while MNHAX has yielded a comparatively lower 6.73% annualized return.
PRPFX
- 1D
- -0.31%
- 1M
- -7.34%
- YTD
- 2.72%
- 6M
- 8.96%
- 1Y
- 25.00%
- 3Y*
- 19.97%
- 5Y*
- 12.20%
- 10Y*
- 10.84%
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%
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PRPFX vs. MNHAX - Expense Ratio Comparison
PRPFX has a 0.81% expense ratio, which is higher than MNHAX's 0.66% expense ratio.
Return for Risk
PRPFX vs. MNHAX — Risk / Return Rank
PRPFX
MNHAX
PRPFX vs. MNHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Permanent Portfolio Permanent Portfolio (PRPFX) 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.
| PRPFX | MNHAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 1.09 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.40 | +0.91 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.24 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 3.07 | 1.10 | +1.97 |
Martin ratioReturn relative to average drawdown | 11.17 | 4.36 | +6.81 |
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
| PRPFX | MNHAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.09 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.37 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 0.63 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.65 | +0.14 |
Correlation
The correlation between PRPFX and MNHAX is 0.33, 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.
Dividends
PRPFX vs. MNHAX - Dividend Comparison
PRPFX's dividend yield for the trailing twelve months is around 3.18%, less than MNHAX's 6.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRPFX Permanent Portfolio Permanent Portfolio | 3.18% | 3.27% | 1.86% | 1.39% | 1.58% | 2.05% | 5.38% | 4.69% | 6.90% | 2.14% | 0.95% | 7.06% |
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
PRPFX vs. MNHAX - Drawdown Comparison
The maximum PRPFX drawdown since its inception was -27.16%, which is greater than MNHAX's maximum drawdown of -20.13%. Use the drawdown chart below to compare losses from any high point for PRPFX and MNHAX.
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Drawdown Indicators
| PRPFX | MNHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.16% | -20.13% | -7.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -3.40% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -15.49% | -20.13% | +4.64% |
Max Drawdown (10Y)Largest decline over 10 years | -20.84% | -20.13% | -0.71% |
Current DrawdownCurrent decline from peak | -8.10% | -14.06% | +5.96% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -3.41% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.86% | +1.36% |
Volatility
PRPFX vs. MNHAX - Volatility Comparison
Permanent Portfolio Permanent Portfolio (PRPFX) has a higher volatility of 3.59% compared to Manning & Napier High Yield Bond I (MNHAX) at 1.68%. This indicates that PRPFX's price experiences larger fluctuations and is considered to be riskier than MNHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRPFX | MNHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 1.68% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 2.20% | +9.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 3.74% | +10.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.04% | 14.41% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.57% | 10.69% | -0.12% |