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.
Correlation
The correlation between PYFRX and MNHYX is 0.27, 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
PYFRX vs. MNHYX - Performance Comparison
Key characteristics
PYFRX:
3.12
MNHYX:
2.11
PYFRX:
3.91
MNHYX:
2.74
PYFRX:
2.11
MNHYX:
1.48
PYFRX:
2.28
MNHYX:
1.69
PYFRX:
11.16
MNHYX:
7.22
PYFRX:
0.54%
MNHYX:
1.04%
PYFRX:
1.95%
MNHYX:
3.53%
PYFRX:
-20.17%
MNHYX:
-19.69%
PYFRX:
-0.76%
MNHYX:
-2.06%
Returns By Period
In the year-to-date period, PYFRX achieves a 0.28% return, which is significantly higher than MNHYX's 0.05% return. Over the past 10 years, PYFRX has underperformed MNHYX with an annualized return of 4.49%, while MNHYX has yielded a comparatively higher 5.30% annualized return.
PYFRX
0.28%
1.30%
1.70%
5.95%
7.46%
4.49%
MNHYX
0.05%
1.30%
0.84%
6.29%
8.14%
5.30%
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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 Rank
PYFRX
MNHYX
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 8.78%, more than MNHYX's 7.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYFRX Payden Floating Rate Fund | 8.78% | 8.88% | 8.35% | 5.07% | 2.95% | 3.22% | 4.44% | 4.22% | 3.31% | 3.53% | 3.19% | 3.03% |
MNHYX Manning & Napier High Yield Bond Series | 7.30% | 6.39% | 6.66% | 5.93% | 7.93% | 4.98% | 6.63% | 5.26% | 5.16% | 6.49% | 5.60% | 8.13% |
Drawdowns
PYFRX vs. MNHYX - Drawdown Comparison
The maximum PYFRX drawdown since its inception was -20.17%, roughly equal to the maximum MNHYX drawdown of -19.69%. 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 1.46%, while Manning & Napier High Yield Bond Series (MNHYX) has a volatility of 2.25%. 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.