EXEYX vs. MNBAX
EXEYX (Manning & Napier Equity Series) and MNBAX (Manning & Napier Pro-Blend Extended Term Series) are both mutual funds - EXEYX is a Large Cap Growth Equities fund managed by Manning & Napier, while MNBAX is a Diversified Portfolio fund managed by Manning & Napier. Over the past 10 years, EXEYX returned 12.78%/yr vs 6.85%/yr for MNBAX. Their correlation of 0.93 suggests significant overlap in exposure. EXEYX charges 1.05%/yr vs 1.02%/yr for MNBAX.
Performance
EXEYX vs. MNBAX - Performance Comparison
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Returns By Period
In the year-to-date period, EXEYX achieves a 0.49% return, which is significantly lower than MNBAX's 1.78% return. Over the past 10 years, EXEYX has outperformed MNBAX with an annualized return of 12.78%, while MNBAX has yielded a comparatively lower 6.85% annualized return.
EXEYX
- 1D
- 0.70%
- 1M
- 0.98%
- YTD
- 0.49%
- 6M
- -0.21%
- 1Y
- 10.59%
- 3Y*
- 11.60%
- 5Y*
- 7.09%
- 10Y*
- 12.78%
MNBAX
- 1D
- 0.62%
- 1M
- 1.04%
- YTD
- 1.78%
- 6M
- 1.67%
- 1Y
- 9.12%
- 3Y*
- 7.86%
- 5Y*
- 3.27%
- 10Y*
- 6.85%
EXEYX vs. MNBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXEYX Manning & Napier Equity Series | 0.49% | 8.77% | 15.87% | 24.52% | -19.51% | 25.41% | 23.74% | 33.64% | -3.94% | 28.89% |
MNBAX Manning & Napier Pro-Blend Extended Term Series | 1.78% | 10.01% | 7.16% | 13.16% | -16.70% | 11.27% | 17.65% | 19.30% | -4.31% | 14.90% |
Correlation
The correlation between EXEYX and MNBAX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 1, 1998 | 0.93 |
The correlation between EXEYX and MNBAX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
EXEYX vs. MNBAX — Risk / Return Rank
EXEYX
MNBAX
EXEYX vs. MNBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Equity Series (EXEYX) and Manning & Napier Pro-Blend Extended Term Series (MNBAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EXEYX | MNBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.96 | -0.35 |
| Martin ratioReturn relative to average drawdown | 2.03 | 3.70 | -1.66 |
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Drawdowns
EXEYX vs. MNBAX - Drawdown Comparison
The maximum EXEYX drawdown since its inception was -54.49%, which is greater than MNBAX's maximum drawdown of -39.62%. Use the drawdown chart below to compare losses from any high point for EXEYX and MNBAX.
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Drawdown Indicators
| EXEYX | MNBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.49% | -39.62% | -14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.40% | -9.23% | -7.17% |
Max Drawdown (3Y)Largest decline over 3 years | -20.43% | -10.28% | -10.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -21.95% | -3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -32.30% | -21.95% | -10.35% |
Current DrawdownCurrent decline from peak | -2.64% | -1.17% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -6.65% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 2.40% | +2.55% |
Volatility
EXEYX vs. MNBAX - Volatility Comparison
Manning & Napier Equity Series (EXEYX) has a higher volatility of 4.56% compared to Manning & Napier Pro-Blend Extended Term Series (MNBAX) at 3.33%. This indicates that EXEYX's price experiences larger fluctuations and is considered to be riskier than MNBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXEYX | MNBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 3.33% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 7.36% | +3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 8.88% | +5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 9.54% | +7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 9.76% | +8.21% |
EXEYX vs. MNBAX - Expense Ratio Comparison
EXEYX has a 1.05% expense ratio, which is higher than MNBAX's 1.02% expense ratio.
Dividends
EXEYX vs. MNBAX - Dividend Comparison
EXEYX's dividend yield for the trailing twelve months is around 11.21%, more than MNBAX's 9.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXEYX Manning & Napier Equity Series | 11.21% | 11.26% | 11.88% | 3.11% | 13.28% | 16.60% | 8.31% | 10.39% | 20.49% | 7.57% | 4.98% | 44.53% |
MNBAX Manning & Napier Pro-Blend Extended Term Series | 9.97% | 10.14% | 4.23% | 1.81% | 3.68% | 5.12% | 6.49% | 4.49% | 5.73% | 6.53% | 1.15% | 2.05% |
Frequently Asked Questions
With a correlation of 0.94, EXEYX and MNBAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EXEYX has higher volatility (4.56%) compared to MNBAX (3.33%). In terms of maximum drawdown, EXEYX dropped -54.49% vs MNBAX's -39.62%.
MNBAX currently has the higher Sharpe Ratio (1.00 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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