EXDVX vs. FSMUX
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Strategic Advisers Municipal Bond Fund (FSMUX).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. FSMUX is managed by Fidelity. It was launched on Jun 24, 2021.
Performance
EXDVX vs. FSMUX - Performance Comparison
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EXDVX vs. FSMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EXDVX Manning & Napier Divrs Tax Exempt Series Fund | -0.69% | 4.30% | 0.41% | 4.10% | -5.83% | -0.31% |
FSMUX Strategic Advisers Municipal Bond Fund | -1.13% | 3.14% | 2.99% | 6.78% | -11.25% | 0.39% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.69% return, which is significantly higher than FSMUX's -1.13% 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%
FSMUX
- 1D
- 0.11%
- 1M
- -2.56%
- YTD
- -1.13%
- 6M
- 0.12%
- 1Y
- 2.39%
- 3Y*
- 2.93%
- 5Y*
- —
- 10Y*
- —
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EXDVX vs. FSMUX - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is higher than FSMUX's 0.06% expense ratio.
Return for Risk
EXDVX vs. FSMUX — Risk / Return Rank
EXDVX
FSMUX
EXDVX vs. FSMUX - 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 Municipal Bond Fund (FSMUX). 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 | FSMUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.63 | +0.39 |
Sortino ratioReturn per unit of downside risk | 1.38 | 0.87 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.28 | +0.79 |
Martin ratioReturn relative to average drawdown | 4.54 | 0.78 | +3.76 |
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 | FSMUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.63 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
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 | -0.00 | +0.55 |
Correlation
The correlation between EXDVX and FSMUX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EXDVX vs. FSMUX - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than FSMUX's 2.35% 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% |
FSMUX Strategic Advisers Municipal Bond Fund | 2.35% | 3.26% | 3.74% | 3.18% | 2.14% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EXDVX vs. FSMUX - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, smaller than the maximum FSMUX drawdown of -16.27%. Use the drawdown chart below to compare losses from any high point for EXDVX and FSMUX.
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Drawdown Indicators
| EXDVX | FSMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -16.27% | +3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -5.30% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -2.56% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -5.61% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.96% | -1.12% |
Volatility
EXDVX vs. FSMUX - Volatility Comparison
The current volatility for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) is 0.78%, while Strategic Advisers Municipal Bond Fund (FSMUX) has a volatility of 0.99%. This indicates that EXDVX experiences smaller price fluctuations and is considered to be less risky than FSMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDVX | FSMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.99% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 2.12% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 6.65% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 4.67% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 4.67% | -1.71% |