EXDVX vs. USMTX
Compare and contrast key facts about Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) and JPMorgan Ultra-Short Municipal Fund (USMTX).
EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994. USMTX is managed by JPMorgan. It was launched on May 30, 2016.
Performance
EXDVX vs. USMTX - Performance Comparison
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EXDVX vs. USMTX - 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% |
USMTX JPMorgan Ultra-Short Municipal Fund | 0.32% | 2.96% | 3.30% | 3.46% | -0.71% | -0.05% | 1.07% | 2.01% | 1.32% | 0.88% |
Returns By Period
In the year-to-date period, EXDVX achieves a -0.59% return, which is significantly lower than USMTX's 0.32% 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%
USMTX
- 1D
- 0.00%
- 1M
- -0.30%
- YTD
- 0.32%
- 6M
- 0.91%
- 1Y
- 2.68%
- 3Y*
- 3.01%
- 5Y*
- 1.85%
- 10Y*
- —
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EXDVX vs. USMTX - Expense Ratio Comparison
EXDVX has a 0.63% expense ratio, which is higher than USMTX's 0.24% expense ratio.
Return for Risk
EXDVX vs. USMTX — Risk / Return Rank
EXDVX
USMTX
EXDVX vs. USMTX - 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 (USMTX). 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 | USMTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 3.86 | -2.90 |
Sortino ratioReturn per unit of downside risk | 1.31 | 6.92 | -5.61 |
Omega ratioGain probability vs. loss probability | 1.32 | 3.29 | -1.97 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 6.97 | -5.90 |
Martin ratioReturn relative to average drawdown | 4.48 | 36.30 | -31.82 |
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 | USMTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 3.86 | -2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 2.60 | -2.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 2.09 | -1.54 |
Correlation
The correlation between EXDVX and USMTX is 0.37, 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. USMTX - Dividend Comparison
EXDVX's dividend yield for the trailing twelve months is around 2.18%, less than USMTX's 2.55% 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% |
USMTX JPMorgan Ultra-Short Municipal Fund | 2.55% | 2.62% | 3.05% | 2.58% | 0.89% | 0.25% | 0.76% | 1.49% | 1.31% | 0.78% | 0.00% | 0.00% |
Drawdowns
EXDVX vs. USMTX - Drawdown Comparison
The maximum EXDVX drawdown since its inception was -12.74%, which is greater than USMTX's maximum drawdown of -1.98%. Use the drawdown chart below to compare losses from any high point for EXDVX and USMTX.
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Drawdown Indicators
| EXDVX | USMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.74% | -1.98% | -10.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -0.40% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -9.29% | -1.92% | -7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -9.29% | — | — |
Current DrawdownCurrent decline from peak | -2.16% | -0.30% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -0.19% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.08% | +0.77% |
Volatility
EXDVX vs. USMTX - Volatility Comparison
Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) has a higher volatility of 0.81% compared to JPMorgan Ultra-Short Municipal Fund (USMTX) at 0.22%. This indicates that EXDVX's price experiences larger fluctuations and is considered to be riskier than USMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXDVX | USMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.22% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 0.40% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 0.70% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 0.72% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 0.75% | +2.21% |