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.
Correlation
The correlation between USBLX and MNHAX is 0.39, 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
USBLX vs. MNHAX - Performance Comparison
Key characteristics
USBLX:
1.70
MNHAX:
3.74
USBLX:
2.36
MNHAX:
5.77
USBLX:
1.31
MNHAX:
1.85
USBLX:
2.94
MNHAX:
5.76
USBLX:
8.56
MNHAX:
28.55
USBLX:
1.34%
MNHAX:
0.35%
USBLX:
6.74%
MNHAX:
2.64%
USBLX:
-34.42%
MNHAX:
-19.76%
USBLX:
-1.53%
MNHAX:
-0.50%
Returns By Period
The year-to-date returns for both investments are quite close, with USBLX having a 1.44% return and MNHAX slightly higher at 1.47%. Over the past 10 years, USBLX has outperformed MNHAX with an annualized return of 7.20%, while MNHAX has yielded a comparatively lower 4.40% annualized return.
USBLX
1.44%
-0.35%
3.29%
10.67%
7.47%
7.20%
MNHAX
1.47%
-0.10%
3.20%
9.58%
4.76%
4.40%
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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.
Risk-Adjusted Performance
USBLX vs. MNHAX — Risk-Adjusted Performance Rank
USBLX
MNHAX
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 2.25%, less than MNHAX's 6.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USBLX USAA Growth and Tax Strategy Fund | 2.25% | 2.28% | 2.12% | 1.73% | 1.66% | 1.89% | 1.95% | 2.50% | 2.16% | 2.31% | 2.68% | 2.39% |
MNHAX Manning & Napier High Yield Bond I | 6.46% | 6.69% | 6.91% | 5.88% | 4.65% | 5.04% | 6.64% | 5.14% | 5.00% | 6.19% | 5.35% | 4.72% |
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 -19.76%. 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 1.99% 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.