EXDVX vs. FGNSX

Last updated Apr 2, 2026

Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX).

EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. FGNSX is managed by Fidelity. It was launched on Dec 27, 2017.

Performance

EXDVX vs. FGNSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). The values are adjusted to include any dividend payments, if applicable.

EXDVX vs. FGNSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXDVX Manning & Napier Divrs Tax Exempt Series Fund	-0.59%	4.30%	0.41%	4.10%	-5.83%	0.16%	5.73%	5.10%	0.65%	0.00%
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund	-0.10%	3.08%	3.47%	3.56%	-0.36%	0.14%	1.04%	2.11%	1.47%	-0.10%

Returns By Period

In the year-to-date period, EXDVX achieves a -0.59% return, which is significantly lower than FGNSX's -0.10% return.

EXDVX

• 1D: 0.10%
• 1M: -1.97%
• YTD: -0.59%
• 6M: 0.60%
• 1Y: 3.39%
• 3Y*: 2.13%
• 5Y*: 0.57%
• 10Y*: 1.41%

FGNSX

• 1D: 0.00%
• 1M: -0.40%
• YTD: -0.10%
• 6M: 0.34%
• 1Y: 1.98%
• 3Y*: 2.99%
• 5Y*: 1.93%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EXDVX vs. FGNSX - Expense Ratio Comparison

EXDVX has a 0.63% expense ratio, which is higher than FGNSX's 0.07% expense ratio.

EXDVX

Manning & Napier Divrs Tax Exempt Series Fund

FGNSX

Strategic Advisers Tax-Sensitive Short Duration Fund

Return for Risk

EXDVX vs. FGNSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXDVX

EXDVX Risk / Return Rank: 44
EXDVX Sharpe Ratio Rank: 42
EXDVX Sortino Ratio Rank: 36
EXDVX Omega Ratio Rank: 78
EXDVX Calmar Ratio Rank: 31
EXDVX Martin Ratio Rank: 35

FGNSX

FGNSX Risk / Return Rank: 37
FGNSX Sharpe Ratio Rank: 22
FGNSX Sortino Ratio Rank: 19
FGNSX Omega Ratio Rank: 89
FGNSX Calmar Ratio Rank: 35
FGNSX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXDVX vs. FGNSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). 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	FGNSX	Difference
Sharpe ratio Return per unit of total volatility	0.96	0.64	+0.32
Sortino ratio Return per unit of downside risk	1.31	0.92	+0.38
Omega ratio Gain probability vs. loss probability	1.32	1.41	-0.08
Calmar ratio Return relative to maximum drawdown	1.07	1.07	0.00
Martin ratio Return relative to average drawdown	4.48	2.74	+1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXDVX vs. FGNSX - Sharpe Ratio Comparison

The current EXDVX Sharpe Ratio is 0.96, which is higher than the FGNSX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of EXDVX and FGNSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EXDVX	FGNSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	0.64	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.98	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.06	-0.51

Correlation

The correlation between EXDVX and FGNSX is 0.36, 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. FGNSX - Dividend Comparison

EXDVX's dividend yield for the trailing twelve months is around 2.18%, more than FGNSX's 1.86% 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%
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund	1.86%	2.63%	3.31%	2.57%	0.84%	0.34%	0.83%	1.79%	1.36%	0.00%	0.00%	0.00%

Drawdowns

EXDVX vs. FGNSX - Drawdown Comparison

The maximum EXDVX drawdown since its inception was -12.74%, which is greater than FGNSX's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for EXDVX and FGNSX.

Drawdown Indicators

	EXDVX	FGNSX	Difference
Max Drawdown Largest peak-to-trough decline	-12.74%	-2.35%	-10.39%
Max Drawdown (1Y) Largest decline over 1 year	-3.55%	-2.35%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-9.29%	-2.35%	-6.94%
Max Drawdown (10Y) Largest decline over 10 years	-9.29%	—	—
Current Drawdown Current decline from peak	-2.16%	-0.50%	-1.66%
Average Drawdown Average peak-to-trough decline	-2.19%	-0.25%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	0.92%	-0.07%

Volatility

EXDVX vs. FGNSX - Volatility Comparison

Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) has a higher volatility of 0.81% compared to Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX) at 0.23%. This indicates that EXDVX's price experiences larger fluctuations and is considered to be riskier than FGNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXDVX	FGNSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.81%	0.23%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	1.17%	0.66%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	3.85%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.68%	2.04%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.96%	1.66%	+1.30%