EXDVX vs. APUSX
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. APUSX is managed by Cavanal Hill funds. It was launched on Dec 25, 2017.
Performance
EXDVX vs. APUSX - Performance Comparison
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EXDVX vs. APUSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EXDVX Manning & Napier Divrs Tax Exempt Series Fund | -0.69% | 4.30% | 0.41% | 4.10% | -5.83% | 0.16% | 5.54% |
APUSX Cavanal Hill Ultra Short Tax-Free Income Fund | 0.21% | 3.88% | 3.65% | 2.63% | -0.18% | -0.40% | 0.15% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.69% return, which is significantly lower than APUSX's 0.21% return.
EXDVX
- 1D
- 0.19%
- 1M
- -2.25%
- YTD
- -0.69%
- 6M
- 0.60%
- 1Y
- 3.40%
- 3Y*
- 2.10%
- 5Y*
- 0.55%
- 10Y*
- 1.40%
APUSX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.21%
- 6M
- 0.87%
- 1Y
- 2.54%
- 3Y*
- 3.21%
- 5Y*
- 1.96%
- 10Y*
- —
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EXDVX vs. APUSX - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is higher than APUSX's 0.60% expense ratio.
Return for Risk
EXDVX vs. APUSX — Risk / Return Rank
EXDVX
APUSX
EXDVX vs. APUSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX). 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.
| EXDVX | APUSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 2.94 | -1.92 |
Sortino ratioReturn per unit of downside risk | 1.38 | 12.78 | -11.40 |
Omega ratioGain probability vs. loss probability | 1.34 | 6.20 | -4.86 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 15.80 | -14.73 |
Martin ratioReturn relative to average drawdown | 4.54 | 57.56 | -53.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EXDVX | APUSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 2.94 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.60 | -1.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.40 | -0.85 |
Correlation
The correlation between EXDVX and APUSX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EXDVX vs. APUSX - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than APUSX's 2.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXDVX Manning & Napier Divrs Tax Exempt Series Fund | 2.18% | 2.26% | 1.87% | 1.67% | 0.61% | 6.02% | 1.69% | 2.81% | 1.38% | 1.25% | 1.10% | 0.86% |
APUSX Cavanal Hill Ultra Short Tax-Free Income Fund | 2.61% | 3.69% | 3.68% | 1.69% | 0.33% | 0.00% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EXDVX vs. APUSX - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, which is greater than APUSX's maximum drawdown of -1.64%. Use the drawdown chart below to compare losses from any high point for EXDVX and APUSX.
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Drawdown Indicators
| EXDVX | APUSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -1.64% | -11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -0.20% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -1.45% | -7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -0.10% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -0.30% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.05% | +0.79% |
Volatility
EXDVX vs. APUSX - Volatility Comparison
Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) has a higher volatility of 0.78% compared to Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX) at 0.10%. This indicates that EXDVX's price experiences larger fluctuations and is considered to be riskier than APUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDVX | APUSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.10% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 0.53% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 1.09% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 1.24% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 1.14% | +1.82% |