RCTIX vs. MNHYX
Compare and contrast key facts about River Canyon Total Return Bond Fund (RCTIX) and Manning & Napier High Yield Bond Series (MNHYX).
RCTIX is managed by River Canyon. It was launched on Dec 30, 2014. 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: RCTIX or MNHYX.
Key characteristics
| RCTIX | MNHYX | |
|---|---|---|
| YTD Return | 6.89% | 8.79% |
| 1Y Return | 10.60% | 14.20% |
| 3Y Return (Ann) | 4.07% | 3.29% |
| 5Y Return (Ann) | 3.63% | 5.80% |
| Sharpe Ratio | 4.17 | 5.37 |
| Sortino Ratio | 6.88 | 9.12 |
| Omega Ratio | 1.97 | 2.44 |
| Calmar Ratio | 10.15 | 4.04 |
| Martin Ratio | 30.49 | 50.20 |
| Ulcer Index | 0.37% | 0.30% |
| Daily Std Dev | 2.70% | 2.78% |
| Max Drawdown | -10.89% | -19.69% |
| Current Drawdown | -0.82% | -0.80% |
Correlation
The correlation between RCTIX and MNHYX is 0.25, 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
RCTIX vs. MNHYX - Performance Comparison
In the year-to-date period, RCTIX achieves a 6.89% return, which is significantly lower than MNHYX's 8.79% 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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RCTIX vs. MNHYX - Expense Ratio Comparison
RCTIX has a 0.89% expense ratio, which is lower than MNHYX's 0.90% expense ratio.
Risk-Adjusted Performance
RCTIX vs. MNHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for River Canyon Total Return Bond Fund (RCTIX) 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
RCTIX vs. MNHYX - Dividend Comparison
RCTIX's dividend yield for the trailing twelve months is around 7.84%, more than MNHYX's 6.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCTIX River Canyon Total Return Bond Fund | 7.84% | 8.51% | 6.00% | 3.02% | 3.79% | 2.70% | 3.30% | 4.89% | 2.32% | 5.74% | 0.00% | 0.00% |
MNHYX Manning & Napier High Yield Bond Series | 6.02% | 6.67% | 5.67% | 4.57% | 5.00% | 6.64% | 5.26% | 5.17% | 6.50% | 5.61% | 4.97% | 5.00% |
Drawdowns
RCTIX vs. MNHYX - Drawdown Comparison
The maximum RCTIX drawdown since its inception was -10.89%, smaller than the maximum MNHYX drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for RCTIX and MNHYX. For additional features, visit the drawdowns tool.
Volatility
RCTIX vs. MNHYX - Volatility Comparison
The current volatility for River Canyon Total Return Bond Fund (RCTIX) is 0.63%, while Manning & Napier High Yield Bond Series (MNHYX) has a volatility of 0.87%. This indicates that RCTIX 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.