USBLX vs. MNHAX
Compare and contrast key facts about USAA Growth and Tax Strategy Fund (USBLX) and Manning & Napier High Yield Bond I (MNHAX).
USBLX is managed by Victory Capital. It was launched on Jan 10, 1989. MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USBLX or MNHAX.
Performance
USBLX vs. MNHAX - Performance Comparison
Returns By Period
In the year-to-date period, USBLX achieves a 14.33% return, which is significantly higher than MNHAX's 8.91% return. Over the past 10 years, USBLX has outperformed MNHAX with an annualized return of 7.33%, while MNHAX has yielded a comparatively lower 5.98% annualized return.
USBLX
14.33%
0.43%
7.93%
20.34%
7.77%
7.33%
MNHAX
8.91%
-0.40%
5.11%
13.74%
6.72%
5.98%
Key characteristics
| USBLX | MNHAX | |
|---|---|---|
| Sharpe Ratio | 3.23 | 4.95 |
| Sortino Ratio | 4.60 | 8.24 |
| Omega Ratio | 1.63 | 2.29 |
| Calmar Ratio | 2.74 | 13.81 |
| Martin Ratio | 20.48 | 45.78 |
| Ulcer Index | 0.99% | 0.30% |
| Daily Std Dev | 6.30% | 2.81% |
| Max Drawdown | -34.42% | -19.63% |
| Current Drawdown | -0.49% | -0.91% |
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USBLX vs. MNHAX - Expense Ratio Comparison
USBLX has a 0.58% expense ratio, which is lower than MNHAX's 0.66% expense ratio.
Correlation
The correlation between USBLX and MNHAX is 0.40, 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.
Risk-Adjusted Performance
USBLX vs. MNHAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Growth and Tax Strategy Fund (USBLX) and Manning & Napier High Yield Bond I (MNHAX). 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
USBLX vs. MNHAX - Dividend Comparison
USBLX's dividend yield for the trailing twelve months is around 2.06%, less than MNHAX's 6.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USBLX USAA Growth and Tax Strategy Fund | 2.06% | 2.12% | 1.73% | 1.66% | 1.89% | 1.95% | 2.50% | 2.16% | 2.31% | 2.68% | 2.39% | 2.37% |
MNHAX Manning & Napier High Yield Bond I | 6.43% | 6.91% | 5.88% | 4.65% | 5.04% | 6.64% | 5.14% | 5.00% | 6.19% | 5.35% | 4.72% | 4.71% |
Drawdowns
USBLX vs. MNHAX - Drawdown Comparison
The maximum USBLX drawdown since its inception was -34.42%, which is greater than MNHAX's maximum drawdown of -19.63%. Use the drawdown chart below to compare losses from any high point for USBLX and MNHAX. For additional features, visit the drawdowns tool.
Volatility
USBLX vs. MNHAX - Volatility Comparison
USAA Growth and Tax Strategy Fund (USBLX) has a higher volatility of 2.19% compared to Manning & Napier High Yield Bond I (MNHAX) at 0.87%. This indicates that USBLX's price experiences larger fluctuations and is considered to be riskier than MNHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.