PYFRX vs. MNHYX
Compare and contrast key facts about Payden Floating Rate Fund (PYFRX) and Manning & Napier High Yield Bond Series (MNHYX).
PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013. 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: PYFRX or MNHYX.
Key characteristics
| PYFRX | MNHYX | |
|---|---|---|
| YTD Return | 6.01% | 7.75% |
| 1Y Return | 9.33% | 14.21% |
| 3Y Return (Ann) | 6.57% | 4.78% |
| 5Y Return (Ann) | 5.24% | 6.48% |
| 10Y Return (Ann) | 4.42% | 5.55% |
| Sharpe Ratio | 8.54 | 4.37 |
| Daily Std Dev | 1.11% | 3.25% |
| Max Drawdown | -20.18% | -19.70% |
| Current Drawdown | 0.00% | -0.30% |
Correlation
The correlation between PYFRX and MNHYX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PYFRX vs. MNHYX - Performance Comparison
In the year-to-date period, PYFRX achieves a 6.01% return, which is significantly lower than MNHYX's 7.75% return. Over the past 10 years, PYFRX has underperformed MNHYX with an annualized return of 4.42%, while MNHYX has yielded a comparatively higher 5.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PYFRX vs. MNHYX - Expense Ratio Comparison
PYFRX has a 0.70% expense ratio, which is lower than MNHYX's 0.90% expense ratio.
Risk-Adjusted Performance
PYFRX vs. MNHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Floating Rate Fund (PYFRX) 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
PYFRX vs. MNHYX - Dividend Comparison
PYFRX's dividend yield for the trailing twelve months is around 9.05%, more than MNHYX's 6.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYFRX Payden Floating Rate Fund | 9.05% | 8.35% | 5.08% | 2.94% | 3.19% | 4.45% | 4.22% | 3.30% | 3.53% | 3.17% | 3.38% | 0.20% |
MNHYX Manning & Napier High Yield Bond Series | 6.03% | 6.66% | 5.93% | 7.93% | 4.98% | 6.63% | 5.26% | 5.16% | 6.49% | 5.60% | 8.13% | 8.10% |
Drawdowns
PYFRX vs. MNHYX - Drawdown Comparison
The maximum PYFRX drawdown since its inception was -20.18%, roughly equal to the maximum MNHYX drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for PYFRX and MNHYX. For additional features, visit the drawdowns tool.
Volatility
PYFRX vs. MNHYX - Volatility Comparison
The current volatility for Payden Floating Rate Fund (PYFRX) is 0.22%, while Manning & Napier High Yield Bond Series (MNHYX) has a volatility of 0.70%. This indicates that PYFRX experiences smaller price fluctuations and is considered to be less risky than MNHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.