SWAV vs. MNHYX
Compare and contrast key facts about ShockWave Medical, Inc. (SWAV) and Manning & Napier High Yield Bond Series (MNHYX).
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: SWAV or MNHYX.
Key characteristics
| SWAV | MNHYX | |
|---|---|---|
| YTD Return | 73.43% | 3.31% |
| 1Y Return | 20.20% | 13.36% |
| 3Y Return (Ann) | 30.84% | 4.40% |
| 5Y Return (Ann) | 46.82% | 5.96% |
| Sharpe Ratio | 0.33 | 3.77 |
| Daily Std Dev | 44.28% | 3.51% |
| Max Drawdown | -64.92% | -19.70% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SWAV and MNHYX is 0.20, 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
SWAV vs. MNHYX - Performance Comparison
In the year-to-date period, SWAV achieves a 73.43% return, which is significantly higher than MNHYX's 3.31% 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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Risk-Adjusted Performance
SWAV vs. MNHYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ShockWave Medical, Inc. (SWAV) 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
SWAV vs. MNHYX - Dividend Comparison
SWAV has not paid dividends to shareholders, while MNHYX's dividend yield for the trailing twelve months is around 6.44%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWAV ShockWave Medical, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MNHYX Manning & Napier High Yield Bond Series | 6.44% | 6.66% | 5.93% | 7.93% | 4.98% | 6.63% | 5.26% | 5.16% | 6.49% | 5.60% | 8.13% | 8.10% |
Drawdowns
SWAV vs. MNHYX - Drawdown Comparison
The maximum SWAV drawdown since its inception was -64.92%, which is greater than MNHYX's maximum drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for SWAV and MNHYX. For additional features, visit the drawdowns tool.
Volatility
SWAV vs. MNHYX - Volatility Comparison
The current volatility for ShockWave Medical, Inc. (SWAV) is 1.21%, while Manning & Napier High Yield Bond Series (MNHYX) has a volatility of 1.28%. This indicates that SWAV 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.