EXDVX vs. NMI
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Nuveen Municipal Income Fund, Inc. (NMI).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. NMI is managed by Nuveen. It was launched on Apr 20, 1998.
Performance
EXDVX vs. NMI - Performance Comparison
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EXDVX vs. NMI - 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% | 2.37% |
NMI Nuveen Municipal Income Fund, Inc. | 6.43% | 10.52% | 7.03% | 1.90% | -15.09% | 3.86% | 4.70% | 16.02% | -8.07% | 7.49% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.69% return, which is significantly lower than NMI's 6.43% return. Over the past 10 years, EXDVX has underperformed NMI with an annualized return of 1.40%, while NMI has yielded a comparatively higher 2.38% annualized 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%
NMI
- 1D
- 5.56%
- 1M
- 5.32%
- YTD
- 6.43%
- 6M
- 7.87%
- 1Y
- 11.18%
- 3Y*
- 8.47%
- 5Y*
- 2.21%
- 10Y*
- 2.38%
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EXDVX vs. NMI - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is lower than NMI's 0.72% expense ratio.
Return for Risk
EXDVX vs. NMI — Risk / Return Rank
EXDVX
NMI
EXDVX vs. NMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Nuveen Municipal Income Fund, Inc. (NMI). 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 | NMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.93 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.64 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.43 | -0.36 |
Martin ratioReturn relative to average drawdown | 4.54 | 2.89 | +1.66 |
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 | NMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.93 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.16 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.16 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.34 | +0.21 |
Correlation
The correlation between EXDVX and NMI is 0.14, 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. NMI - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than NMI's 4.36% 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% |
NMI Nuveen Municipal Income Fund, Inc. | 4.36% | 4.59% | 4.63% | 4.04% | 3.51% | 3.22% | 3.53% | 4.15% | 5.12% | 4.21% | 4.45% | 4.28% |
Drawdowns
EXDVX vs. NMI - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, smaller than the maximum NMI drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for EXDVX and NMI.
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Drawdown Indicators
| EXDVX | NMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -28.92% | +16.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -8.71% | +5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -28.92% | +19.63% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | -28.92% | +19.63% |
Current DrawdownCurrent decline from peak | -2.25% | 0.00% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -5.93% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 4.31% | -3.47% |
Volatility
EXDVX vs. NMI - Volatility Comparison
The current volatility for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) is 0.78%, while Nuveen Municipal Income Fund, Inc. (NMI) has a volatility of 5.73%. This indicates that EXDVX experiences smaller price fluctuations and is considered to be less risky than NMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDVX | NMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 5.73% | -4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 7.38% | -6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 12.13% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 13.58% | -10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 14.60% | -11.64% |