EXHAX vs. EXOSX

Last updated Jun 23, 2026

EXHAX (Manning & Napier Pro-Blend Maximum Term Series) and EXOSX (Manning & Napier Overseas Series) are both mutual funds - EXHAX is a Diversified Portfolio fund managed by Manning & Napier, while EXOSX is a Foreign Large Cap Equities fund managed by Manning & Napier. Over the past 10 years, EXHAX returned 10.10%/yr vs 7.66%/yr for EXOSX. Their correlation of 0.82 suggests significant overlap in exposure. EXHAX charges 1.10%/yr vs 0.75%/yr for EXOSX.

Performance

EXHAX vs. EXOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manning & Napier Pro-Blend Maximum Term Series (EXHAX) and Manning & Napier Overseas Series (EXOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXHAX achieves a 1.94% return, which is significantly lower than EXOSX's 3.12% return. Over the past 10 years, EXHAX has outperformed EXOSX with an annualized return of 10.10%, while EXOSX has yielded a comparatively lower 7.66% annualized return.

EXHAX

• 1D: 0.78%
• 1M: 0.98%
• YTD: 1.94%
• 6M: 1.74%
• 1Y: 12.15%
• 3Y*: 10.75%
• 5Y*: 5.35%
• 10Y*: 10.10%

EXOSX

• 1D: 1.01%
• 1M: 2.04%
• YTD: 3.12%
• 6M: 3.51%
• 1Y: 8.66%
• 3Y*: 8.50%
• 5Y*: 2.19%
• 10Y*: 7.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EXHAX vs. EXOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXHAX Manning & Napier Pro-Blend Maximum Term Series	1.94%	12.05%	11.86%	19.08%	-20.33%	18.37%	22.11%	27.69%	-6.52%	24.27%
EXOSX Manning & Napier Overseas Series	3.12%	16.21%	3.33%	19.89%	-24.26%	11.50%	27.07%	27.52%	-17.23%	23.92%

Correlation

The correlation between EXHAX and EXOSX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 10, 2002	0.82

The correlation between EXHAX and EXOSX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

EXHAX vs. EXOSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXHAX

EXHAX Risk / Return Rank: 12
EXHAX Sharpe Ratio Rank: 13
EXHAX Sortino Ratio Rank: 13
EXHAX Omega Ratio Rank: 12
EXHAX Calmar Ratio Rank: 10
EXHAX Martin Ratio Rank: 12

EXOSX

EXOSX Risk / Return Rank: 7
EXOSX Sharpe Ratio Rank: 7
EXOSX Sortino Ratio Rank: 7
EXOSX Omega Ratio Rank: 7
EXOSX Calmar Ratio Rank: 8
EXOSX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXHAX vs. EXOSX - 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 Overseas Series (EXOSX). 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	EXOSX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	0.56	+0.38
Sortino ratio: Return per unit of downside risk	1.38	0.88	+0.50
Omega ratio: Gain probability vs. loss probability	1.17	1.10	+0.06
Calmar ratio: Return relative to maximum drawdown	0.88	0.68	+0.20
Martin ratio: Return relative to average drawdown	3.25	2.35	+0.90

EXHAX vs. EXOSX - Sharpe Ratio Comparison

The current EXHAX Sharpe Ratio is 0.93, which is higher than the EXOSX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of EXHAX and EXOSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EXHAX vs. EXOSX - Drawdown Comparison

The maximum EXHAX drawdown since its inception was -51.96%, smaller than the maximum EXOSX drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for EXHAX and EXOSX.

Drawdown Indicators

	EXHAX	EXOSX	Difference
Max Drawdown Largest peak-to-trough decline	-51.96%	-55.50%	+3.54%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-11.77%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-16.05%	-14.91%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-27.63%	-37.71%	+10.08%
Max Drawdown (10Y) Largest decline over 10 years	-29.53%	-37.71%	+8.18%
Current Drawdown Current decline from peak	-2.20%	-1.68%	-0.52%
Average Drawdown Average peak-to-trough decline	-8.84%	-11.05%	+2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	3.41%	+0.19%

Volatility

EXHAX vs. EXOSX - Volatility Comparison

Manning & Napier Pro-Blend Maximum Term Series (EXHAX) and Manning & Napier Overseas Series (EXOSX) have volatilities of 4.51% and 4.72%, 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.

Volatility by Period

	EXHAX	EXOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	4.72%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	11.93%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.55%	14.46%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	16.76%	-2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.31%	16.70%	-1.39%

EXHAX vs. EXOSX - Expense Ratio Comparison

EXHAX has a 1.10% expense ratio, which is higher than EXOSX's 0.75% expense ratio.

Dividends

EXHAX vs. EXOSX - Dividend Comparison

EXHAX's dividend yield for the trailing twelve months is around 10.42%, more than EXOSX's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXHAX Manning & Napier Pro-Blend Maximum Term Series	10.42%	10.62%	6.41%	2.13%	10.95%	6.01%	3.28%	5.21%	10.32%	7.83%	2.08%	1.27%
EXOSX Manning & Napier Overseas Series	1.10%	1.13%	1.29%	1.27%	0.82%	1.85%	0.86%	1.72%	0.91%	1.79%	1.71%	1.84%

Frequently Asked Questions

Can I hold both EXHAX and EXOSX in my portfolio?

EXHAX and EXOSX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXHAX or EXOSX?

EXOSX has higher volatility (4.72%) compared to EXHAX (4.51%). In terms of maximum drawdown, EXHAX dropped -51.96% vs EXOSX's -55.50%.

Which has better risk-adjusted returns?

EXHAX currently has the higher Sharpe Ratio (0.93 vs 0.56), 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.