EXDVX vs. RAIIX
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Manning & Napier Rainier International Discovery Series (RAIIX).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012.
Performance
EXDVX vs. RAIIX - Performance Comparison
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EXDVX vs. RAIIX - 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% |
RAIIX Manning & Napier Rainier International Discovery Series | -2.12% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 24.94% | -18.03% | 42.04% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.69% return, which is significantly higher than RAIIX's -2.12% return. Over the past 10 years, EXDVX has underperformed RAIIX with an annualized return of 1.40%, while RAIIX has yielded a comparatively higher 7.61% 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%
RAIIX
- 1D
- -0.75%
- 1M
- -12.00%
- YTD
- -2.12%
- 6M
- -2.81%
- 1Y
- 22.60%
- 3Y*
- 8.01%
- 5Y*
- 1.06%
- 10Y*
- 7.61%
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EXDVX vs. RAIIX - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is lower than RAIIX's 1.12% expense ratio.
Return for Risk
EXDVX vs. RAIIX — Risk / Return Rank
EXDVX
RAIIX
EXDVX vs. RAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and Manning & Napier Rainier International Discovery Series (RAIIX). 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 | RAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.41 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.93 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.66 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.54 | 6.76 | -2.22 |
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 | RAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.41 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.06 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.45 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.56 | -0.01 |
Correlation
The correlation between EXDVX and RAIIX is 0.04, 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. RAIIX - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than RAIIX's 2.89% 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% |
RAIIX Manning & Napier Rainier International Discovery Series | 2.89% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
Drawdowns
EXDVX vs. RAIIX - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, smaller than the maximum RAIIX drawdown of -39.87%. Use the drawdown chart below to compare losses from any high point for EXDVX and RAIIX.
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Drawdown Indicators
| EXDVX | RAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -39.87% | +27.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -12.00% | +8.45% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -39.87% | +30.58% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | -39.87% | +30.58% |
Current DrawdownCurrent decline from peak | -2.25% | -12.00% | +9.75% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -11.23% | +9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 2.95% | -2.11% |
Volatility
EXDVX vs. RAIIX - Volatility Comparison
The current volatility for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) is 0.78%, while Manning & Napier Rainier International Discovery Series (RAIIX) has a volatility of 6.04%. This indicates that EXDVX experiences smaller price fluctuations and is considered to be less risky than RAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDVX | RAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 6.04% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 10.41% | -9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 15.50% | -11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 16.78% | -14.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 16.85% | -13.89% |