CMPIX vs. MCDWX
Compare and contrast key facts about Principal Core Fixed Income (CMPIX) and Manning & Napier Credit Series (MCDWX).
CMPIX is managed by Principal. It was launched on Dec 15, 1975. MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020.
Performance
CMPIX vs. MCDWX - Performance Comparison
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CMPIX vs. MCDWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CMPIX Principal Core Fixed Income | -0.72% | 6.76% | 1.26% | 4.89% | -13.34% | -2.03% | 6.02% |
MCDWX Manning & Napier Credit Series | -0.35% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
Returns By Period
In the year-to-date period, CMPIX achieves a -0.72% return, which is significantly lower than MCDWX's -0.35% return.
CMPIX
- 1D
- 0.47%
- 1M
- -2.39%
- YTD
- -0.72%
- 6M
- 0.13%
- 1Y
- 3.41%
- 3Y*
- 2.98%
- 5Y*
- -0.18%
- 10Y*
- 1.76%
MCDWX
- 1D
- 0.33%
- 1M
- -1.84%
- YTD
- -0.35%
- 6M
- 0.98%
- 1Y
- 4.74%
- 3Y*
- 5.19%
- 5Y*
- 1.76%
- 10Y*
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CMPIX vs. MCDWX - Expense Ratio Comparison
CMPIX has a 0.74% expense ratio, which is higher than MCDWX's 0.10% expense ratio.
Return for Risk
CMPIX vs. MCDWX — Risk / Return Rank
CMPIX
MCDWX
CMPIX vs. MCDWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Core Fixed Income (CMPIX) and Manning & Napier Credit Series (MCDWX). 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.
| CMPIX | MCDWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.44 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.31 | 2.03 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.37 | -0.81 |
Martin ratioReturn relative to average drawdown | 4.79 | 8.65 | -3.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMPIX | MCDWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.44 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.38 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.57 | +0.41 |
Correlation
The correlation between CMPIX and MCDWX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CMPIX vs. MCDWX - Dividend Comparison
CMPIX's dividend yield for the trailing twelve months is around 3.14%, less than MCDWX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMPIX Principal Core Fixed Income | 3.14% | 3.35% | 3.27% | 2.37% | 2.10% | 1.94% | 2.11% | 2.71% | 3.19% | 2.91% | 3.17% | 3.29% |
MCDWX Manning & Napier Credit Series | 4.44% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CMPIX vs. MCDWX - Drawdown Comparison
The maximum CMPIX drawdown since its inception was -18.80%, which is greater than MCDWX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for CMPIX and MCDWX.
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Drawdown Indicators
| CMPIX | MCDWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -15.96% | -2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -2.20% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -18.51% | -15.96% | -2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -18.80% | — | — |
Current DrawdownCurrent decline from peak | -4.44% | -1.84% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -4.24% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.60% | +0.32% |
Volatility
CMPIX vs. MCDWX - Volatility Comparison
Principal Core Fixed Income (CMPIX) has a higher volatility of 1.69% compared to Manning & Napier Credit Series (MCDWX) at 1.41%. This indicates that CMPIX's price experiences larger fluctuations and is considered to be riskier than MCDWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMPIX | MCDWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.41% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 1.99% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 3.32% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 4.62% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 4.41% | +0.39% |