EXDAX vs. VTMFX
EXDAX (Manning & Napier Pro-Blend Conservative Term Series) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, EXDAX returned 4.41%/yr vs 8.70%/yr for VTMFX. A 0.72 correlation means they provide meaningful diversification when combined. EXDAX charges 0.88%/yr vs 0.05%/yr for VTMFX.
Performance
EXDAX vs. VTMFX - 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 VTMFX's 5.23% return. Over the past 10 years, EXDAX has underperformed VTMFX with an annualized return of 4.41%, while VTMFX has yielded a comparatively higher 8.70% 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%
VTMFX
- 1D
- -0.19%
- 1M
- 0.76%
- YTD
- 5.23%
- 6M
- 4.83%
- 1Y
- 14.99%
- 3Y*
- 12.08%
- 5Y*
- 7.01%
- 10Y*
- 8.70%
EXDAX vs. VTMFX - 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% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 5.23% | 11.28% | 12.17% | 15.55% | -12.69% | 13.10% | 13.31% | 18.01% | -1.40% | 12.61% |
Correlation
The correlation between EXDAX and VTMFX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 1995 | 0.72 |
The correlation between EXDAX and VTMFX shifts across timeframes, from 0.67 (3 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EXDAX vs. VTMFX — Risk / Return Rank
EXDAX
VTMFX
EXDAX vs. VTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Pro-Blend Conservative Term Series (EXDAX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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 | VTMFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.46 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.91 | -1.62 |
| Martin ratioReturn relative to average drawdown | 5.45 | 13.60 | -8.15 |
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Drawdowns
EXDAX vs. VTMFX - Drawdown Comparison
The maximum EXDAX drawdown since its inception was -14.62%, smaller than the maximum VTMFX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for EXDAX and VTMFX.
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Drawdown Indicators
| EXDAX | VTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.62% | -28.49% | +13.87% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -5.38% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -4.57% | -10.61% | +6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.62% | -17.40% | +2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -14.62% | -21.87% | +7.25% |
Current DrawdownCurrent decline from peak | -0.59% | -0.75% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -3.54% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.15% | -0.16% |
Volatility
EXDAX vs. VTMFX - Volatility Comparison
The current volatility for Manning & Napier Pro-Blend Conservative Term Series (EXDAX) is 1.80%, while Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has a volatility of 2.45%. This indicates that EXDAX experiences smaller price fluctuations and is considered to be less risky than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDAX | VTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 2.45% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.93% | 5.18% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 6.46% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 8.57% | -3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 9.15% | -3.77% |
EXDAX vs. VTMFX - Expense Ratio Comparison
EXDAX has a 0.88% expense ratio, which is higher than VTMFX's 0.05% expense ratio.
Dividends
EXDAX vs. VTMFX - Dividend Comparison
EXDAX's dividend yield for the trailing twelve months is around 3.10%, more than VTMFX's 2.12% 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% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 2.12% | 2.14% | 2.08% | 1.94% | 1.85% | 1.38% | 1.72% | 2.05% | 2.22% | 2.00% | 2.13% | 2.06% |
Frequently Asked Questions
EXDAX and VTMFX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTMFX has higher volatility (2.45%) compared to EXDAX (1.80%). In terms of maximum drawdown, EXDAX dropped -14.62% vs VTMFX's -28.49%.
VTMFX currently has the higher Sharpe Ratio (2.43 vs 1.16), 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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