EXDAX vs. MCDWX
EXDAX (Manning & Napier Pro-Blend Conservative Term Series) and MCDWX (Manning & Napier Credit Series) are both mutual funds - EXDAX is a Diversified Portfolio fund managed by Manning & Napier, while MCDWX is a Intermediate Core Bond fund managed by Manning & Napier. Over the past 5 years, EXDAX returned 1.89%/yr vs 1.26%/yr for MCDWX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. EXDAX charges 0.88%/yr vs 0.10%/yr for MCDWX.
Performance
EXDAX vs. MCDWX - Performance Comparison
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Returns By Period
In the year-to-date period, EXDAX achieves a 0.77% return, which is significantly higher than MCDWX's 0.57% return.
EXDAX
- 1D
- 0.30%
- 1M
- -0.52%
- 6M
- 0.10%
- YTD
- 0.77%
- 1Y
- 4.01%
- 3Y*
- 5.50%
- 5Y*
- 1.89%
- 10Y*
- 4.11%
- ALL TIME*
- 3.80%
MCDWX
- 1D
- 0.11%
- 1M
- -0.21%
- 6M
- 0.17%
- YTD
- 0.57%
- 1Y
- 3.32%
- 3Y*
- 5.45%
- 5Y*
- 1.26%
- 10Y*
- —
- ALL TIME*
- 2.51%
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 |
EXDAX vs. MCDWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EXDAX Manning & Napier Pro-Blend Conservative Term Series | 0.77% | 7.87% | 4.26% | 8.55% | -11.11% | 5.37% | 13.20% |
MCDWX Manning & Napier Credit Series | 0.57% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
Correlation
The correlation between EXDAX and MCDWX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2020 | 0.69 |
The correlation between EXDAX and MCDWX shifts across timeframes, from 0.69 (all time) to 0.80 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXDAX vs. MCDWX — Risk / Return Rank
EXDAX
MCDWX
EXDAX vs. MCDWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Pro-Blend Conservative Term Series (EXDAX) 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.
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.
| EXDAX | MCDWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.86 | -0.86 |
| Martin ratioReturn relative to average drawdown | 4.13 | 5.41 | -1.28 |
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Drawdowns
EXDAX vs. MCDWX - Drawdown Comparison
The maximum EXDAX drawdown since its inception was -14.62%, smaller than the maximum MCDWX drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for EXDAX and MCDWX.
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Drawdown Indicators
| EXDAX | MCDWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.62% | -15.96% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -2.17% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -3.68% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | -15.95% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -14.62% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.94% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -4.07% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.74% | +0.27% |
Volatility
EXDAX vs. MCDWX - Volatility Comparison
Manning & Napier Pro-Blend Conservative Term Series (EXDAX) has a higher volatility of 1.37% compared to Manning & Napier Credit Series (MCDWX) at 0.69%. This indicates that EXDAX'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
| EXDAX | MCDWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.69% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 2.33% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 2.86% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.19% | 4.63% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 4.34% | +1.02% |
EXDAX vs. MCDWX - Expense Ratio Comparison
EXDAX has a 0.88% expense ratio, which is higher than MCDWX's 0.10% expense ratio.
Dividends
EXDAX vs. MCDWX - Dividend Comparison
EXDAX's dividend yield for the trailing twelve months is around 4.60%, more than MCDWX's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXDAX Manning & Napier Pro-Blend Conservative Term Series | 4.60% | 3.12% | 3.35% | 3.01% | 2.81% | 5.48% | 9.99% | 4.25% | 3.76% | 4.44% | 0.60% | 1.52% |
MCDWX Manning & Napier Credit Series | 4.55% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXDAX and MCDWX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXDAX has higher volatility (1.37%) compared to MCDWX (0.69%). In terms of maximum drawdown, EXDAX dropped -14.62% vs MCDWX's -15.96%.
MCDWX currently has the higher Sharpe Ratio (1.41 vs 0.88), 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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