FMBPX vs. MCDWX
Compare and contrast key facts about Federated Hermes Mortgage Strategy Portfolio (FMBPX) and Manning & Napier Credit Series (MCDWX).
FMBPX is managed by Federated. It was launched on Dec 20, 2007. MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020.
Performance
FMBPX vs. MCDWX - Performance Comparison
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FMBPX vs. MCDWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FMBPX Federated Hermes Mortgage Strategy Portfolio | -0.18% | 9.03% | 1.04% | 4.44% | -12.21% | -1.35% | 1.75% |
MCDWX Manning & Napier Credit Series | -0.35% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
Returns By Period
In the year-to-date period, FMBPX achieves a -0.18% return, which is significantly higher than MCDWX's -0.35% return.
FMBPX
- 1D
- 0.59%
- 1M
- -2.19%
- YTD
- -0.18%
- 6M
- 1.51%
- 1Y
- 5.46%
- 3Y*
- 3.90%
- 5Y*
- 0.19%
- 10Y*
- 1.45%
MCDWX
- 1D
- 0.33%
- 1M
- -1.84%
- YTD
- -0.35%
- 6M
- 0.98%
- 1Y
- 4.74%
- 3Y*
- 5.19%
- 5Y*
- 1.76%
- 10Y*
- —
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FMBPX vs. MCDWX - Expense Ratio Comparison
FMBPX has a 0.02% expense ratio, which is lower than MCDWX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FMBPX vs. MCDWX — Risk / Return Rank
FMBPX
MCDWX
FMBPX vs. MCDWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Mortgage Strategy Portfolio (FMBPX) and Manning & Napier Credit Series (MCDWX). 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.
| FMBPX | MCDWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.44 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.87 | 2.03 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.37 | -0.26 |
Martin ratioReturn relative to average drawdown | 5.85 | 8.65 | -2.80 |
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
| FMBPX | MCDWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.44 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.38 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.57 | -0.32 |
Correlation
The correlation between FMBPX and MCDWX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FMBPX vs. MCDWX - Dividend Comparison
FMBPX's dividend yield for the trailing twelve months is around 4.60%, more than MCDWX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMBPX Federated Hermes Mortgage Strategy Portfolio | 4.60% | 4.87% | 4.29% | 3.46% | 2.29% | 1.96% | 2.68% | 3.23% | 3.14% | 2.83% | 2.72% | 2.65% |
MCDWX Manning & Napier Credit Series | 4.44% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMBPX vs. MCDWX - Drawdown Comparison
The maximum FMBPX drawdown since its inception was -18.34%, which is greater than MCDWX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for FMBPX and MCDWX.
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Drawdown Indicators
| FMBPX | MCDWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -15.96% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -2.20% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -18.02% | -15.96% | -2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -18.34% | — | — |
Current DrawdownCurrent decline from peak | -2.19% | -1.84% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -4.24% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.60% | +0.53% |
Volatility
FMBPX vs. MCDWX - Volatility Comparison
Federated Hermes Mortgage Strategy Portfolio (FMBPX) has a higher volatility of 1.53% compared to Manning & Napier Credit Series (MCDWX) at 1.41%. This indicates that FMBPX's price experiences larger fluctuations and is considered to be riskier than MCDWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMBPX | MCDWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.41% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 1.99% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 3.32% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.72% | 4.62% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 4.41% | +0.67% |