EXHAX vs. VYM
EXHAX (Manning & Napier Pro-Blend Maximum Term Series) and VYM (Vanguard High Dividend Yield ETF) are both funds - EXHAX is a Diversified Portfolio fund managed by Manning & Napier, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Over the past 10 years, EXHAX returned 10.31%/yr vs 11.98%/yr for VYM. Their correlation of 0.84 suggests significant overlap in exposure. EXHAX charges 1.10%/yr vs 0.04%/yr for VYM.
Performance
EXHAX vs. VYM - Performance Comparison
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Returns By Period
In the year-to-date period, EXHAX achieves a 1.35% return, which is significantly lower than VYM's 11.51% return. Over the past 10 years, EXHAX has underperformed VYM with an annualized return of 10.31%, while VYM has yielded a comparatively higher 11.98% 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%
VYM
- 1D
- -0.16%
- 1M
- 0.26%
- YTD
- 11.51%
- 6M
- 10.83%
- 1Y
- 24.08%
- 3Y*
- 18.41%
- 5Y*
- 11.88%
- 10Y*
- 11.98%
EXHAX vs. VYM - 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% |
VYM Vanguard High Dividend Yield ETF | 11.51% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 1.15% | 24.06% | -5.92% | 16.42% |
Correlation
The correlation between EXHAX and VYM is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2006 | 0.84 |
The correlation between EXHAX and VYM shifts across timeframes, from 0.66 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXHAX vs. VYM — Risk / Return Rank
EXHAX
VYM
EXHAX vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Pro-Blend Maximum Term Series (EXHAX) and Vanguard High Dividend Yield ETF (VYM). 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 | VYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.42 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.61 | -2.75 |
| Martin ratioReturn relative to average drawdown | 3.20 | 13.43 | -10.23 |
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Drawdowns
EXHAX vs. VYM - Drawdown Comparison
The maximum EXHAX drawdown since its inception was -51.96%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for EXHAX and VYM.
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Drawdown Indicators
| EXHAX | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.96% | -56.98% | +5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -6.69% | -6.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.05% | -14.46% | -1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -27.63% | -15.84% | -11.79% |
Max Drawdown (10Y)Largest decline over 10 years | -29.53% | -35.21% | +5.68% |
Current DrawdownCurrent decline from peak | -2.77% | -1.28% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -7.18% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 1.80% | +1.81% |
Volatility
EXHAX vs. VYM - Volatility Comparison
Manning & Napier Pro-Blend Maximum Term Series (EXHAX) has a higher volatility of 4.42% compared to Vanguard High Dividend Yield ETF (VYM) at 3.02%. This indicates that EXHAX's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHAX | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 3.02% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 7.64% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 10.39% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 13.93% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.31% | 16.32% | -1.01% |
EXHAX vs. VYM - Expense Ratio Comparison
EXHAX has a 1.10% expense ratio, which is higher than VYM's 0.04% expense ratio.
Dividends
EXHAX vs. VYM - Dividend Comparison
EXHAX's dividend yield for the trailing twelve months is around 10.48%, more than VYM's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VYM Vanguard High Dividend Yield ETF | 2.30% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Frequently Asked Questions
EXHAX and VYM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EXHAX has higher volatility (4.42%) compared to VYM (3.02%). In terms of maximum drawdown, EXHAX dropped -51.96% vs VYM's -56.98%.
VYM currently has the higher Sharpe Ratio (2.33 vs 0.92), 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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