EXDVX vs. USMSX
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and JPMorgan Ultra-Short Municipal Fund (USMSX).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. USMSX is managed by JPMorgan. It was launched on May 31, 2016.
Performance
EXDVX vs. USMSX - Performance Comparison
Loading graphics...
EXDVX vs. USMSX - 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% |
USMSX JPMorgan Ultra-Short Municipal Fund | 0.19% | 2.87% | 3.09% | 3.21% | -0.90% | -0.15% | 0.77% | 1.90% | 1.01% | 0.69% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.69% return, which is significantly lower than USMSX's 0.19% 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%
USMSX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.19%
- 6M
- 0.82%
- 1Y
- 2.49%
- 3Y*
- 2.80%
- 5Y*
- 1.67%
- 10Y*
- —
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. USMSX - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is higher than USMSX's 0.45% expense ratio.
Return for Risk
EXDVX vs. USMSX — Risk / Return Rank
EXDVX
USMSX
EXDVX vs. USMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and JPMorgan Ultra-Short Municipal Fund (USMSX). 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 | USMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 3.75 | -2.74 |
Sortino ratioReturn per unit of downside risk | 1.38 | 6.76 | -5.38 |
Omega ratioGain probability vs. loss probability | 1.34 | 3.27 | -1.93 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 6.48 | -5.41 |
Martin ratioReturn relative to average drawdown | 4.54 | 34.69 | -30.15 |
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 | USMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 3.75 | -2.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 2.39 | -2.18 |
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 | 1.86 | -1.31 |
Correlation
The correlation between EXDVX and USMSX is 0.33, 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. USMSX - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than USMSX's 2.36% 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% |
USMSX JPMorgan Ultra-Short Municipal Fund | 2.36% | 2.42% | 2.84% | 2.35% | 0.70% | 0.05% | 0.57% | 1.28% | 1.01% | 0.59% | 0.00% | 0.00% |
Drawdowns
EXDVX vs. USMSX - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, which is greater than USMSX's maximum drawdown of -2.09%. Use the drawdown chart below to compare losses from any high point for EXDVX and USMSX.
Loading graphics...
Drawdown Indicators
| EXDVX | USMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -2.09% | -10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -0.40% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -2.03% | -7.26% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -0.30% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -0.22% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.07% | +0.77% |
Volatility
EXDVX vs. USMSX - Volatility Comparison
Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) has a higher volatility of 0.78% compared to JPMorgan Ultra-Short Municipal Fund (USMSX) at 0.22%. This indicates that EXDVX's price experiences larger fluctuations and is considered to be riskier than USMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EXDVX | USMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.22% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 0.40% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 0.69% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 0.70% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 0.74% | +2.22% |