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 | 7.46% | 7.75% |
| 1Y Return | 11.89% | 14.21% |
| 3Y Return (Ann) | 4.35% | 4.78% |
| 5Y Return (Ann) | 4.76% | 6.48% |
| Sharpe Ratio | 4.25 | 4.37 |
| Daily Std Dev | 2.80% | 3.25% |
| Max Drawdown | -10.89% | -19.70% |
| Current Drawdown | 0.00% | -0.30% |
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
The year-to-date returns for both investments are quite close, with RCTIX having a 7.46% return and MNHYX slightly higher at 7.75%. 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 8.06%, more than MNHYX's 6.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCTIX River Canyon Total Return Bond Fund | 8.06% | 8.51% | 5.98% | 3.02% | 5.96% | 4.97% | 3.30% | 4.89% | 3.56% | 5.74% | 0.00% | 0.00% |
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
RCTIX vs. MNHYX - Drawdown Comparison
The maximum RCTIX drawdown since its inception was -10.89%, smaller than the maximum MNHYX drawdown of -19.70%. 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
River Canyon Total Return Bond Fund (RCTIX) and Manning & Napier High Yield Bond Series (MNHYX) have volatilities of 0.67% and 0.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.