EXDVX vs. ATOIX
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and abrdn Ultra Short Municipal Income Fund (ATOIX).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. ATOIX is managed by Aberdeen. It was launched on Dec 4, 2002.
Performance
EXDVX vs. ATOIX - Performance Comparison
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EXDVX vs. ATOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXDVX Manning & Napier Divrs Tax Exempt Series Fund | -0.69% | 4.30% | 0.41% | 4.10% | -5.83% | 0.16% | 5.73% | 5.10% | 0.65% | 2.37% |
ATOIX abrdn Ultra Short Municipal Income Fund | 0.35% | 3.33% | 3.14% | 3.27% | 0.87% | -0.04% | 0.88% | 1.40% | 1.54% | 2.24% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.69% return, which is significantly lower than ATOIX's 0.35% return. Over the past 10 years, EXDVX has underperformed ATOIX with an annualized return of 1.40%, while ATOIX has yielded a comparatively higher 1.73% annualized 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%
ATOIX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.35%
- 6M
- 1.37%
- 1Y
- 2.95%
- 3Y*
- 3.07%
- 5Y*
- 2.17%
- 10Y*
- 1.73%
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EXDVX vs. ATOIX - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is higher than ATOIX's 0.44% expense ratio.
Return for Risk
EXDVX vs. ATOIX — Risk / Return Rank
EXDVX
ATOIX
EXDVX vs. ATOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and abrdn Ultra Short Municipal Income Fund (ATOIX). 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 | ATOIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 3.51 | -2.49 |
Sortino ratioReturn per unit of downside risk | 1.38 | 18.38 | -17.00 |
Omega ratioGain probability vs. loss probability | 1.34 | 11.59 | -10.25 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 32.23 | -31.16 |
Martin ratioReturn relative to average drawdown | 4.54 | 93.42 | -88.88 |
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 | ATOIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 3.51 | -2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 2.69 | -2.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 2.24 | -1.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 2.45 | -1.91 |
Correlation
The correlation between EXDVX and ATOIX 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. ATOIX - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than ATOIX's 2.90% 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% |
ATOIX abrdn Ultra Short Municipal Income Fund | 2.90% | 3.27% | 3.09% | 3.02% | 1.07% | 0.06% | 0.88% | 1.39% | 1.42% | 2.20% | 0.61% | 0.52% |
Drawdowns
EXDVX vs. ATOIX - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, which is greater than ATOIX's maximum drawdown of -1.46%. Use the drawdown chart below to compare losses from any high point for EXDVX and ATOIX.
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Drawdown Indicators
| EXDVX | ATOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -1.46% | -11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -0.10% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -0.37% | -8.92% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | -0.43% | -8.86% |
Current DrawdownCurrent decline from peak | -2.25% | -0.10% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -0.06% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.03% | +0.81% |
Volatility
EXDVX vs. ATOIX - Volatility Comparison
Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) has a higher volatility of 0.78% compared to abrdn Ultra Short Municipal Income Fund (ATOIX) at 0.10%. This indicates that EXDVX's price experiences larger fluctuations and is considered to be riskier than ATOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDVX | ATOIX | 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% | 0.65% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 0.92% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 0.81% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 0.78% | +2.18% |