SWAV vs. MNHYX

Last updated Apr 1, 2026

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.

Performance

SWAV vs. MNHYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ShockWave Medical, Inc. (SWAV) and Manning & Napier High Yield Bond Series (MNHYX). The values are adjusted to include any dividend payments, if applicable.

SWAV vs. MNHYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SWAV ShockWave Medical, Inc.	0.00%	0.00%	75.67%	-7.32%	15.30%	71.93%	136.16%	44.00%
MNHYX Manning & Napier High Yield Bond Series	-1.11%	6.65%	9.63%	13.19%	-7.59%	9.99%	6.26%	8.05%

Returns By Period

SWAV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MNHYX

• 1D: 0.32%
• 1M: -1.86%
• YTD: -1.11%
• 6M: 0.19%
• 1Y: 4.70%
• 3Y*: 8.57%
• 5Y*: 5.31%
• 10Y*: 6.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SWAV vs. MNHYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MNHYX

MNHYX Risk / Return Rank: 62
MNHYX Sharpe Ratio Rank: 71
MNHYX Sortino Ratio Rank: 66
MNHYX Omega Ratio Rank: 74
MNHYX Calmar Ratio Rank: 51
MNHYX Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWAV vs. MNHYX - Risk-Adjusted Trends 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SWAV	MNHYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.79	—

Correlation

The correlation between SWAV and MNHYX is 0.16, 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.

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 6.93%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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	6.93%	6.95%	6.38%	6.66%	5.93%	7.93%	4.98%	6.63%	5.26%	5.16%	6.49%	5.60%

Drawdowns

Drawdown Indicators

	SWAV	MNHYX	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.70%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.70%	—
Current Drawdown Current decline from peak	—	-2.20%	—
Average Drawdown Average peak-to-trough decline	—	-1.57%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.86%	—

Volatility

Volatility by Period

	SWAV	MNHYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.66%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.66%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.15%	—