EXBAX vs. EXOSX

Last updated Jun 23, 2026

EXBAX (Manning & Napier Pro-Blend Moderate Term Series) and EXOSX (Manning & Napier Overseas Series) are both mutual funds - EXBAX is a Diversified Portfolio fund managed by Manning & Napier, while EXOSX is a Foreign Large Cap Equities fund managed by Manning & Napier. Over the past 10 years, EXBAX returned 5.59%/yr vs 7.66%/yr for EXOSX. A 0.79 correlation means they provide meaningful diversification when combined. EXBAX charges 1.07%/yr vs 0.75%/yr for EXOSX.

Performance

EXBAX vs. EXOSX - 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 Overseas Series (EXOSX). 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 lower than EXOSX's 3.12% return. Over the past 10 years, EXBAX has underperformed EXOSX with an annualized return of 5.59%, while EXOSX has yielded a comparatively higher 7.66% 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%

EXOSX

• 1D: 1.01%
• 1M: 2.04%
• YTD: 3.12%
• 6M: 3.51%
• 1Y: 8.66%
• 3Y*: 8.50%
• 5Y*: 2.19%
• 10Y*: 7.66%

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

EXBAX vs. EXOSX - 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%
EXOSX Manning & Napier Overseas Series	3.12%	16.21%	3.33%	19.89%	-24.26%	11.50%	27.07%	27.52%	-17.23%	23.92%

Correlation

The correlation between EXBAX and EXOSX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jul 10, 2002	0.79

The correlation between EXBAX and EXOSX has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.

Return for Risk

EXBAX vs. EXOSX — 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

EXOSX

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

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. EXOSX - 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 Overseas Series (EXOSX). 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	EXOSX	Difference
Sharpe ratio: Return per unit of total volatility	1.07	0.56	+0.51
Sortino ratio: Return per unit of downside risk	1.57	0.88	+0.69
Omega ratio: Gain probability vs. loss probability	1.19	1.10	+0.08
Calmar ratio: Return relative to maximum drawdown	1.04	0.68	+0.36
Martin ratio: Return relative to average drawdown	4.10	2.35	+1.75

EXBAX vs. EXOSX - Sharpe Ratio Comparison

The current EXBAX Sharpe Ratio is 1.07, which is higher than the EXOSX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of EXBAX and EXOSX, 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. EXOSX - Drawdown Comparison

The maximum EXBAX drawdown since its inception was -29.86%, smaller than the maximum EXOSX drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for EXBAX and EXOSX.

Drawdown Indicators

	EXBAX	EXOSX	Difference
Max Drawdown Largest peak-to-trough decline	-29.86%	-55.50%	+25.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-11.77%	+4.40%
Max Drawdown (3Y) Largest decline over 3 years	-7.52%	-14.91%	+7.39%
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	-37.71%	+18.48%
Max Drawdown (10Y) Largest decline over 10 years	-19.23%	-37.71%	+18.48%
Current Drawdown Current decline from peak	-0.88%	-1.68%	+0.80%
Average Drawdown Average peak-to-trough decline	-5.05%	-11.05%	+6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	3.41%	-1.54%

Volatility

EXBAX vs. EXOSX - Volatility Comparison

The current volatility for Manning & Napier Pro-Blend Moderate Term Series (EXBAX) is 2.72%, while Manning & Napier Overseas Series (EXOSX) has a volatility of 4.72%. This indicates that EXBAX experiences smaller price fluctuations and is considered to be less risky than EXOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXBAX	EXOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	4.72%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	6.04%	11.93%	-5.89%
Volatility (1Y) Calculated over the trailing 1-year period	7.19%	14.46%	-7.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.65%	16.76%	-9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.69%	16.70%	-9.01%

EXBAX vs. EXOSX - Expense Ratio Comparison

EXBAX has a 1.07% expense ratio, which is higher than EXOSX's 0.75% expense ratio.

Dividends

EXBAX vs. EXOSX - Dividend Comparison

EXBAX's dividend yield for the trailing twelve months is around 5.69%, more than EXOSX's 1.10% 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%
EXOSX Manning & Napier Overseas Series	1.10%	1.13%	1.29%	1.27%	0.82%	1.85%	0.86%	1.72%	0.91%	1.79%	1.71%	1.84%

Frequently Asked Questions

Can I hold both EXBAX and EXOSX in my portfolio?

EXBAX and EXOSX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXBAX or EXOSX?

EXOSX has higher volatility (4.72%) compared to EXBAX (2.72%). In terms of maximum drawdown, EXBAX dropped -29.86% vs EXOSX's -55.50%.

Which has better risk-adjusted returns?

EXBAX currently has the higher Sharpe Ratio (1.07 vs 0.56), 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.