EXDVX vs. LSMSX
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Western Asset SMASh Series TF Fund (LSMSX).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. LSMSX is managed by Franklin Templeton. It was launched on Dec 22, 2015.
Performance
EXDVX vs. LSMSX - Performance Comparison
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EXDVX vs. LSMSX - 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% | 1.81% |
LSMSX Western Asset SMASh Series TF Fund | -0.27% | 3.22% | 2.22% | 7.96% | -10.03% | 4.11% | 4.48% | 8.16% | 0.46% | 4.92% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.69% return, which is significantly lower than LSMSX's -0.27% 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%
LSMSX
- 1D
- 0.21%
- 1M
- -2.62%
- YTD
- -0.27%
- 6M
- 1.22%
- 1Y
- 3.63%
- 3Y*
- 3.26%
- 5Y*
- 1.12%
- 10Y*
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EXDVX vs. LSMSX - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is higher than LSMSX's 0.01% expense ratio.
Return for Risk
EXDVX vs. LSMSX — Risk / Return Rank
EXDVX
LSMSX
EXDVX vs. LSMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Western Asset SMASh Series TF Fund (LSMSX). 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 | LSMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.67 | +0.35 |
Sortino ratioReturn per unit of downside risk | 1.38 | 0.89 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.71 | +0.36 |
Martin ratioReturn relative to average drawdown | 4.54 | 1.98 | +2.56 |
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 | LSMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.67 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.25 | -0.05 |
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 | 0.58 | -0.03 |
Correlation
The correlation between EXDVX and LSMSX 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. LSMSX - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than LSMSX's 3.97% 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% |
LSMSX Western Asset SMASh Series TF Fund | 3.97% | 3.83% | 4.30% | 3.37% | 2.38% | 2.73% | 2.33% | 2.55% | 2.34% | 0.90% | 0.00% | 0.00% |
Drawdowns
EXDVX vs. LSMSX - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, smaller than the maximum LSMSX drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for EXDVX and LSMSX.
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Drawdown Indicators
| EXDVX | LSMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -15.00% | +2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -6.21% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -15.00% | +5.71% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -2.62% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -2.88% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 2.21% | -1.37% |
Volatility
EXDVX vs. LSMSX - Volatility Comparison
The current volatility for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) is 0.78%, while Western Asset SMASh Series TF Fund (LSMSX) has a volatility of 1.10%. This indicates that EXDVX experiences smaller price fluctuations and is considered to be less risky than LSMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDVX | LSMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 1.10% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 1.60% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 5.78% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 4.44% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 4.52% | -1.56% |