EXHAX vs. EXEYX
EXHAX (Manning & Napier Pro-Blend Maximum Term Series) and EXEYX (Manning & Napier Equity Series) are both mutual funds - EXHAX is a Diversified Portfolio fund managed by Manning & Napier, while EXEYX is a Large Cap Growth Equities fund managed by Manning & Napier. Over the past 10 years, EXHAX returned 10.31%/yr vs 13.02%/yr for EXEYX. With a 0.97 correlation, they move nearly in lockstep. EXHAX charges 1.10%/yr vs 1.05%/yr for EXEYX.
Performance
EXHAX vs. EXEYX - Performance Comparison
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Returns By Period
In the year-to-date period, EXHAX achieves a 1.35% return, which is significantly higher than EXEYX's -0.14% return. Over the past 10 years, EXHAX has underperformed EXEYX with an annualized return of 10.31%, while EXEYX has yielded a comparatively higher 13.02% annualized return.
EXHAX
- 1D
- -0.58%
- 1M
- 0.39%
- YTD
- 1.35%
- 6M
- 0.75%
- 1Y
- 10.42%
- 3Y*
- 10.91%
- 5Y*
- 4.92%
- 10Y*
- 10.31%
EXEYX
- 1D
- -0.63%
- 1M
- 0.35%
- YTD
- -0.14%
- 6M
- -1.11%
- 1Y
- 8.70%
- 3Y*
- 11.68%
- 5Y*
- 6.54%
- 10Y*
- 13.02%
EXHAX vs. EXEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHAX Manning & Napier Pro-Blend Maximum Term Series | 1.35% | 12.05% | 11.86% | 19.08% | -20.33% | 18.37% | 22.11% | 27.69% | -6.52% | 24.27% |
EXEYX Manning & Napier Equity Series | -0.14% | 8.77% | 15.87% | 24.52% | -19.51% | 25.41% | 23.74% | 33.64% | -3.94% | 28.89% |
Correlation
The correlation between EXHAX and EXEYX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 1, 1998 | 0.97 |
The correlation between EXHAX and EXEYX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
EXHAX vs. EXEYX — Risk / Return Rank
EXHAX
EXEYX
EXHAX vs. EXEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Pro-Blend Maximum Term Series (EXHAX) and Manning & Napier Equity Series (EXEYX). 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.
| EXHAX | EXEYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.61 | +0.26 |
| Martin ratioReturn relative to average drawdown | 3.20 | 2.00 | +1.20 |
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Drawdowns
EXHAX vs. EXEYX - Drawdown Comparison
The maximum EXHAX drawdown since its inception was -51.96%, roughly equal to the maximum EXEYX drawdown of -54.49%. Use the drawdown chart below to compare losses from any high point for EXHAX and EXEYX.
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Drawdown Indicators
| EXHAX | EXEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.96% | -54.49% | +2.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -16.40% | +3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.05% | -20.43% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -27.63% | -25.62% | -2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -29.53% | -32.30% | +2.77% |
Current DrawdownCurrent decline from peak | -2.77% | -3.25% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -7.85% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 4.96% | -1.35% |
Volatility
EXHAX vs. EXEYX - Volatility Comparison
Manning & Napier Pro-Blend Maximum Term Series (EXHAX) and Manning & Napier Equity Series (EXEYX) have volatilities of 4.42% and 4.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHAX | EXEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.46% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 11.13% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 14.02% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 16.99% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.31% | 17.97% | -2.66% |
EXHAX vs. EXEYX - Expense Ratio Comparison
EXHAX has a 1.10% expense ratio, which is higher than EXEYX's 1.05% expense ratio.
Dividends
EXHAX vs. EXEYX - Dividend Comparison
EXHAX's dividend yield for the trailing twelve months is around 10.48%, less than EXEYX's 11.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXEYX Manning & Napier Equity Series | 11.28% | 11.26% | 11.88% | 3.11% | 13.28% | 16.60% | 8.31% | 10.39% | 20.49% | 7.57% | 4.98% | 44.53% |
EXHAX Manning & Napier Pro-Blend Maximum Term Series | 10.48% | 10.62% | 6.41% | 2.13% | 10.95% | 6.01% | 3.28% | 5.21% | 10.32% | 7.83% | 2.08% | 1.27% |
Frequently Asked Questions
With a correlation of 0.95, EXHAX and EXEYX 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 (4.46%) compared to EXHAX (4.42%). In terms of maximum drawdown, EXHAX dropped -51.96% vs EXEYX's -54.49%.
EXHAX currently has the higher Sharpe Ratio (0.92 vs 0.71), 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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