EXDAX vs. MNBAX
EXDAX (Manning & Napier Pro-Blend Conservative Term Series) and MNBAX (Manning & Napier Pro-Blend Extended Term Series) are both Diversified Portfolio funds from Manning & Napier. Over the past 10 years, EXDAX returned 4.41%/yr vs 6.96%/yr for MNBAX. Their correlation of 0.87 suggests significant overlap in exposure. EXDAX charges 0.88%/yr vs 1.02%/yr for MNBAX.
Performance
EXDAX vs. MNBAX - Performance Comparison
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Returns By Period
In the year-to-date period, EXDAX achieves a 0.67% return, which is significantly lower than MNBAX's 1.25% return. Over the past 10 years, EXDAX has underperformed MNBAX with an annualized return of 4.41%, while MNBAX has yielded a comparatively higher 6.96% annualized return.
EXDAX
- 1D
- -0.29%
- 1M
- 0.74%
- YTD
- 0.67%
- 6M
- 0.67%
- 1Y
- 4.92%
- 3Y*
- 5.66%
- 5Y*
- 2.09%
- 10Y*
- 4.41%
MNBAX
- 1D
- -0.51%
- 1M
- 0.52%
- YTD
- 1.25%
- 6M
- 0.88%
- 1Y
- 7.79%
- 3Y*
- 7.89%
- 5Y*
- 2.99%
- 10Y*
- 6.96%
EXDAX vs. MNBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXDAX Manning & Napier Pro-Blend Conservative Term Series | 0.67% | 7.87% | 4.26% | 8.55% | -11.11% | 5.37% | 10.52% | 12.96% | -2.26% | 8.93% |
MNBAX Manning & Napier Pro-Blend Extended Term Series | 1.25% | 10.01% | 7.16% | 13.16% | -16.70% | 11.27% | 17.65% | 19.30% | -4.31% | 14.90% |
Correlation
The correlation between EXDAX and MNBAX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 1995 | 0.87 |
The correlation between EXDAX and MNBAX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
EXDAX vs. MNBAX — Risk / Return Rank
EXDAX
MNBAX
EXDAX vs. MNBAX - 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 Pro-Blend Extended Term Series (MNBAX). 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 | MNBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.93 | +0.36 |
| Martin ratioReturn relative to average drawdown | 5.45 | 3.58 | +1.87 |
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Drawdowns
EXDAX vs. MNBAX - Drawdown Comparison
The maximum EXDAX drawdown since its inception was -14.62%, smaller than the maximum MNBAX drawdown of -39.62%. Use the drawdown chart below to compare losses from any high point for EXDAX and MNBAX.
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Drawdown Indicators
| EXDAX | MNBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.62% | -39.62% | +25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -9.23% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.57% | -10.28% | +5.71% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | -21.95% | +7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -14.62% | -21.95% | +7.33% |
Current DrawdownCurrent decline from peak | -0.59% | -1.67% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -6.65% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.40% | -1.41% |
Volatility
EXDAX vs. MNBAX - Volatility Comparison
The current volatility for Manning & Napier Pro-Blend Conservative Term Series (EXDAX) is 1.80%, while Manning & Napier Pro-Blend Extended Term Series (MNBAX) has a volatility of 3.25%. This indicates that EXDAX experiences smaller price fluctuations and is considered to be less risky than MNBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDAX | MNBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 3.25% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.93% | 7.36% | -3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 8.90% | -4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 9.54% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 9.76% | -4.38% |
EXDAX vs. MNBAX - Expense Ratio Comparison
EXDAX has a 0.88% expense ratio, which is lower than MNBAX's 1.02% expense ratio.
Dividends
EXDAX vs. MNBAX - Dividend Comparison
EXDAX's dividend yield for the trailing twelve months is around 3.10%, less than MNBAX's 10.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXDAX Manning & Napier Pro-Blend Conservative Term Series | 3.10% | 3.12% | 3.35% | 3.01% | 2.81% | 5.48% | 9.99% | 4.25% | 3.76% | 4.44% | 0.60% | 1.52% |
MNBAX Manning & Napier Pro-Blend Extended Term Series | 10.02% | 10.14% | 4.23% | 1.81% | 3.68% | 5.12% | 6.49% | 4.49% | 5.73% | 6.53% | 1.15% | 2.05% |
Frequently Asked Questions
With a correlation of 0.93, EXDAX and MNBAX 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.
MNBAX has higher volatility (3.25%) compared to EXDAX (1.80%). In terms of maximum drawdown, EXDAX dropped -14.62% vs MNBAX's -39.62%.
EXDAX currently has the higher Sharpe Ratio (1.16 vs 0.97), 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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