EXDVX vs. MIY
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and BlackRock MuniYield Michigan Quality Fund (MIY).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. MIY is an actively managed fund by BlackRock. It was launched on Oct 30, 1992.
Performance
EXDVX vs. MIY - Performance Comparison
Loading graphics...
EXDVX vs. MIY - 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% | 2.37% |
MIY BlackRock MuniYield Michigan Quality Fund | 3.67% | 11.24% | 3.48% | 6.60% | -24.10% | 10.04% | 7.27% | 19.51% | -6.71% | 8.86% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.59% return, which is significantly lower than MIY's 3.67% return. Over the past 10 years, EXDVX has underperformed MIY with an annualized return of 1.41%, while MIY has yielded a comparatively higher 3.02% annualized 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%
MIY
- 1D
- 1.09%
- 1M
- -4.49%
- YTD
- 3.67%
- 6M
- 8.86%
- 1Y
- 10.42%
- 3Y*
- 7.67%
- 5Y*
- 0.23%
- 10Y*
- 3.02%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EXDVX vs. MIY - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is lower than MIY's 2.25% expense ratio.
Return for Risk
EXDVX vs. MIY — Risk / Return Rank
EXDVX
MIY
EXDVX vs. MIY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and BlackRock MuniYield Michigan Quality Fund (MIY). 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 | MIY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.92 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.37 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.18 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.44 | -0.37 |
Martin ratioReturn relative to average drawdown | 4.48 | 3.89 | +0.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EXDVX | MIY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.92 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.02 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.26 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.37 | +0.18 |
Correlation
The correlation between EXDVX and MIY is 0.25, 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. MIY - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than MIY's 5.45% 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% |
MIY BlackRock MuniYield Michigan Quality Fund | 5.45% | 5.57% | 5.21% | 3.86% | 5.70% | 4.38% | 4.23% | 4.27% | 5.27% | 5.46% | 5.85% | 5.66% |
Drawdowns
EXDVX vs. MIY - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, smaller than the maximum MIY drawdown of -42.19%. Use the drawdown chart below to compare losses from any high point for EXDVX and MIY.
Loading graphics...
Drawdown Indicators
| EXDVX | MIY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -42.19% | +29.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -8.12% | +4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -34.59% | +25.30% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | -34.59% | +25.30% |
Current DrawdownCurrent decline from peak | -2.16% | -5.68% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -8.33% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 3.01% | -2.16% |
Volatility
EXDVX vs. MIY - Volatility Comparison
The current volatility for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) is 0.81%, while BlackRock MuniYield Michigan Quality Fund (MIY) has a volatility of 4.80%. This indicates that EXDVX experiences smaller price fluctuations and is considered to be less risky than MIY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EXDVX | MIY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 4.80% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 8.73% | -7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 11.37% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 11.43% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 11.83% | -8.87% |