EXCRX vs. VBMPX
EXCRX (Manning & Napier Core Bond Series) and VBMPX (Vanguard Total Bond Market Index Fund Institutional Plus Shares) are both mutual funds - EXCRX is a Intermediate Core Bond fund managed by Manning & Napier, while VBMPX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, EXCRX returned 1.28%/yr vs 1.30%/yr for VBMPX. Their correlation of 0.89 means they have usually moved in the same direction. EXCRX charges 0.65%/yr vs 0.02%/yr for VBMPX.
Performance
EXCRX vs. VBMPX - Performance Comparison
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Returns By Period
In the year-to-date period, EXCRX achieves a -0.55% return, which is significantly higher than VBMPX's -0.69% return. Both investments have delivered pretty close results over the past 10 years, with EXCRX having a 1.28% annualized return and VBMPX not far ahead at 1.30%.
EXCRX
- 1D
- 0.00%
- 1M
- -0.92%
- 6M
- -0.68%
- YTD
- -0.55%
- 1Y
- 1.60%
- 3Y*
- 3.57%
- 5Y*
- -0.65%
- 10Y*
- 1.28%
- ALL TIME*
- 3.20%
VBMPX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -0.93%
- YTD
- -0.69%
- 1Y
- 1.68%
- 3Y*
- 3.70%
- 5Y*
- -0.43%
- 10Y*
- 1.30%
- ALL TIME*
- 2.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EXCRX vs. VBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXCRX Manning & Napier Core Bond Series | -0.55% | 6.82% | 1.05% | 5.47% | -13.20% | -1.89% | 8.66% | 8.18% | -0.74% | 2.91% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | -0.69% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
Correlation
The correlation between EXCRX and VBMPX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2010 | 0.89 |
The correlation between EXCRX and VBMPX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
EXCRX vs. VBMPX — Risk / Return Rank
EXCRX
VBMPX
EXCRX vs. VBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Core Bond Series (EXCRX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). 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.
| EXCRX | VBMPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.00 | -0.20 |
| Martin ratioReturn relative to average drawdown | 2.04 | 2.50 | -0.46 |
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Drawdowns
EXCRX vs. VBMPX - Drawdown Comparison
The maximum EXCRX drawdown since its inception was -18.70%, roughly equal to the maximum VBMPX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for EXCRX and VBMPX.
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Drawdown Indicators
| EXCRX | VBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.70% | -18.90% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -2.89% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -4.86% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -18.12% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -18.70% | -18.90% | +0.20% |
Current DrawdownCurrent decline from peak | -3.59% | -3.33% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -3.52% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.15% | +0.07% |
Volatility
EXCRX vs. VBMPX - Volatility Comparison
Manning & Napier Core Bond Series (EXCRX) has a higher volatility of 1.07% compared to Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) at 0.96%. This indicates that EXCRX's price experiences larger fluctuations and is considered to be riskier than VBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXCRX | VBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.96% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 2.97% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.83% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 6.02% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 4.98% | -0.11% |
EXCRX vs. VBMPX - Expense Ratio Comparison
EXCRX has a 0.65% expense ratio, which is higher than VBMPX's 0.02% expense ratio.
Dividends
EXCRX vs. VBMPX - Dividend Comparison
EXCRX's dividend yield for the trailing twelve months is around 4.32%, more than VBMPX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXCRX Manning & Napier Core Bond Series | 4.32% | 4.18% | 3.82% | 3.64% | 2.23% | 2.28% | 5.15% | 2.01% | 2.32% | 1.94% | 2.14% | 2.45% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.73% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
Frequently Asked Questions
EXCRX and VBMPX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXCRX has higher volatility (1.07%) compared to VBMPX (0.96%). In terms of maximum drawdown, EXCRX dropped -18.70% vs VBMPX's -18.90%.
VBMPX currently has the higher Sharpe Ratio (0.76 vs 0.63), 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.
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