EXDVX vs. DCARX
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and DFA California Municipal Real Return Portfolio (DCARX).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. DCARX is managed by Dimensional. It was launched on Oct 31, 2017.
Performance
EXDVX vs. DCARX - Performance Comparison
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EXDVX vs. DCARX - 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% | 0.64% |
DCARX DFA California Municipal Real Return Portfolio | 1.09% | 2.64% | 3.16% | 2.63% | -1.06% | 6.21% | 2.35% | 5.08% | -0.46% | 1.16% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.69% return, which is significantly lower than DCARX's 1.09% return.
EXDVX
- 1D
- 0.19%
- 1M
- -2.07%
- YTD
- -0.69%
- 6M
- 0.51%
- 1Y
- 3.30%
- 3Y*
- 2.10%
- 5Y*
- 0.55%
- 10Y*
- 1.40%
DCARX
- 1D
- 0.04%
- 1M
- 0.32%
- YTD
- 1.09%
- 6M
- 1.13%
- 1Y
- 2.59%
- 3Y*
- 2.55%
- 5Y*
- 2.70%
- 10Y*
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EXDVX vs. DCARX - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is higher than DCARX's 0.26% expense ratio.
Return for Risk
EXDVX vs. DCARX — Risk / Return Rank
EXDVX
DCARX
EXDVX vs. DCARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and DFA California Municipal Real Return Portfolio (DCARX). 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 | DCARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 2.19 | -1.17 |
Sortino ratioReturn per unit of downside risk | 1.38 | 3.19 | -1.81 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.61 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.89 | -1.82 |
Martin ratioReturn relative to average drawdown | 4.54 | 11.77 | -7.23 |
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 | DCARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 2.19 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.21 | -1.00 |
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 | 0.93 | -0.38 |
Correlation
The correlation between EXDVX and DCARX is 0.26, 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. DCARX - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than DCARX's 3.41% 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% |
DCARX DFA California Municipal Real Return Portfolio | 3.41% | 3.11% | 3.52% | 1.84% | 0.90% | 0.78% | 1.12% | 1.43% | 1.27% | 0.09% | 0.00% | 0.00% |
Drawdowns
EXDVX vs. DCARX - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, roughly equal to the maximum DCARX drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for EXDVX and DCARX.
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Drawdown Indicators
| EXDVX | DCARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -12.27% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -0.93% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -4.79% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -0.24% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -0.76% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.23% | +0.61% |
Volatility
EXDVX vs. DCARX - Volatility Comparison
Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) has a higher volatility of 0.78% compared to DFA California Municipal Real Return Portfolio (DCARX) at 0.52%. This indicates that EXDVX's price experiences larger fluctuations and is considered to be riskier than DCARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDVX | DCARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.52% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 0.72% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 1.28% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 2.25% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 2.93% | +0.03% |