EXBAX vs. EXEYX

Last updated Jun 23, 2026

EXBAX (Manning & Napier Pro-Blend Moderate Term Series) and EXEYX (Manning & Napier Equity Series) are both mutual funds - EXBAX is a Diversified Portfolio fund managed by Manning & Napier, while EXEYX is a Large Cap Growth Equities fund managed by Manning & Napier. Over the past 10 years, EXBAX returned 5.59%/yr vs 12.78%/yr for EXEYX. Their correlation of 0.91 suggests significant overlap in exposure. EXBAX charges 1.07%/yr vs 1.05%/yr for EXEYX.

Performance

EXBAX vs. EXEYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manning & Napier Pro-Blend Moderate Term Series (EXBAX) and Manning & Napier Equity Series (EXEYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXBAX achieves a 1.38% return, which is significantly higher than EXEYX's 0.49% return. Over the past 10 years, EXBAX has underperformed EXEYX with an annualized return of 5.59%, while EXEYX has yielded a comparatively higher 12.78% annualized return.

EXBAX

• 1D: 0.55%
• 1M: 1.03%
• YTD: 1.38%
• 6M: 1.31%
• 1Y: 7.79%
• 3Y*: 7.00%
• 5Y*: 2.77%
• 10Y*: 5.59%

EXEYX

• 1D: 0.70%
• 1M: 0.98%
• YTD: 0.49%
• 6M: -0.21%
• 1Y: 10.59%
• 3Y*: 11.60%
• 5Y*: 7.09%
• 10Y*: 12.78%

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

EXBAX vs. EXEYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXBAX Manning & Napier Pro-Blend Moderate Term Series	1.38%	9.29%	6.11%	11.13%	-14.52%	7.97%	14.96%	16.15%	-3.54%	11.59%
EXEYX Manning & Napier Equity Series	0.49%	8.77%	15.87%	24.52%	-19.51%	25.41%	23.74%	33.64%	-3.94%	28.89%

Correlation

The correlation between EXBAX and EXEYX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 1, 1998	0.91

The correlation between EXBAX and EXEYX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

EXBAX vs. EXEYX — Risk / Return Rank

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

EXBAX

EXBAX Risk / Return Rank: 15
EXBAX Sharpe Ratio Rank: 16
EXBAX Sortino Ratio Rank: 16
EXBAX Omega Ratio Rank: 15
EXBAX Calmar Ratio Rank: 12
EXBAX Martin Ratio Rank: 16

EXEYX

EXEYX Risk / Return Rank: 8
EXEYX Sharpe Ratio Rank: 9
EXEYX Sortino Ratio Rank: 9
EXEYX Omega Ratio Rank: 9
EXEYX Calmar Ratio Rank: 7
EXEYX Martin Ratio Rank: 8

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.

EXBAX vs. EXEYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Pro-Blend Moderate Term Series (EXBAX) and Manning & Napier Equity Series (EXEYX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EXBAX	EXEYX	Difference
Sharpe ratio: Return per unit of total volatility	1.07	0.72	+0.35
Sortino ratio: Return per unit of downside risk	1.57	1.08	+0.49
Omega ratio: Gain probability vs. loss probability	1.19	1.13	+0.06
Calmar ratio: Return relative to maximum drawdown	1.04	0.62	+0.43
Martin ratio: Return relative to average drawdown	4.10	2.03	+2.06

EXBAX vs. EXEYX - Sharpe Ratio Comparison

The current EXBAX Sharpe Ratio is 1.07, which is higher than the EXEYX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of EXBAX and EXEYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EXBAX vs. EXEYX - Drawdown Comparison

The maximum EXBAX drawdown since its inception was -29.86%, smaller than the maximum EXEYX drawdown of -54.49%. Use the drawdown chart below to compare losses from any high point for EXBAX and EXEYX.

Drawdown Indicators

	EXBAX	EXEYX	Difference
Max Drawdown Largest peak-to-trough decline	-29.86%	-54.49%	+24.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-16.40%	+9.03%
Max Drawdown (3Y) Largest decline over 3 years	-7.52%	-20.43%	+12.91%
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	-25.62%	+6.39%
Max Drawdown (10Y) Largest decline over 10 years	-19.23%	-32.30%	+13.07%
Current Drawdown Current decline from peak	-0.88%	-2.64%	+1.76%
Average Drawdown Average peak-to-trough decline	-5.05%	-7.85%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	4.95%	-3.08%

Volatility

EXBAX vs. EXEYX - Volatility Comparison

The current volatility for Manning & Napier Pro-Blend Moderate Term Series (EXBAX) is 2.72%, while Manning & Napier Equity Series (EXEYX) has a volatility of 4.56%. This indicates that EXBAX experiences smaller price fluctuations and is considered to be less risky than EXEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXBAX	EXEYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	4.56%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	6.04%	11.13%	-5.09%
Volatility (1Y) Calculated over the trailing 1-year period	7.19%	14.00%	-6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.65%	16.99%	-9.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.69%	17.97%	-10.28%

EXBAX vs. EXEYX - Expense Ratio Comparison

EXBAX has a 1.07% expense ratio, which is higher than EXEYX's 1.05% expense ratio.

Dividends

EXBAX vs. EXEYX - Dividend Comparison

EXBAX's dividend yield for the trailing twelve months is around 5.69%, less than EXEYX's 11.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXBAX Manning & Napier Pro-Blend Moderate Term Series	5.69%	5.77%	4.57%	2.27%	0.99%	6.67%	6.31%	4.83%	5.08%	6.09%	1.81%	0.58%
EXEYX Manning & Napier Equity Series	11.21%	11.26%	11.88%	3.11%	13.28%	16.60%	8.31%	10.39%	20.49%	7.57%	4.98%	44.53%

Frequently Asked Questions

Can I hold both EXBAX and EXEYX in my portfolio?

With a correlation of 0.91, EXBAX and EXEYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EXBAX or EXEYX?

EXEYX has higher volatility (4.56%) compared to EXBAX (2.72%). In terms of maximum drawdown, EXBAX dropped -29.86% vs EXEYX's -54.49%.

Which has better risk-adjusted returns?

EXBAX currently has the higher Sharpe Ratio (1.07 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.