FOINX vs. MCDWX
Compare and contrast key facts about Tributary Income Fund (FOINX) and Manning & Napier Credit Series (MCDWX).
FOINX is managed by Tributary Funds. It was launched on Mar 9, 2001. MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020.
Performance
FOINX vs. MCDWX - Performance Comparison
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FOINX vs. MCDWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FOINX Tributary Income Fund | -0.46% | 7.37% | 1.59% | 5.98% | -13.33% | -1.51% | 4.02% |
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, FOINX achieves a -0.46% return, which is significantly lower than MCDWX's -0.35% return.
FOINX
- 1D
- 0.54%
- 1M
- -2.41%
- YTD
- -0.46%
- 6M
- 0.46%
- 1Y
- 3.72%
- 3Y*
- 3.62%
- 5Y*
- 0.31%
- 10Y*
- 1.70%
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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FOINX vs. MCDWX - Expense Ratio Comparison
FOINX has a 0.63% expense ratio, which is higher than MCDWX's 0.10% expense ratio.
Return for Risk
FOINX vs. MCDWX — Risk / Return Rank
FOINX
MCDWX
FOINX vs. MCDWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tributary Income Fund (FOINX) 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.
| FOINX | MCDWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.44 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.38 | 2.03 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.37 | -0.74 |
Martin ratioReturn relative to average drawdown | 5.09 | 8.65 | -3.56 |
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
| FOINX | MCDWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.44 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.38 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.57 | +0.15 |
Correlation
The correlation between FOINX and MCDWX is 0.90, 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
FOINX vs. MCDWX - Dividend Comparison
FOINX's dividend yield for the trailing twelve months is around 3.02%, less than MCDWX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOINX Tributary Income Fund | 3.02% | 3.49% | 2.91% | 2.98% | 2.69% | 2.30% | 2.43% | 2.98% | 2.98% | 3.03% | 2.77% | 2.36% |
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
FOINX vs. MCDWX - Drawdown Comparison
The maximum FOINX drawdown since its inception was -18.20%, which is greater than MCDWX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for FOINX and MCDWX.
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Drawdown Indicators
| FOINX | MCDWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.20% | -15.96% | -2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.20% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | -15.96% | -1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -18.20% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -1.84% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -4.24% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.60% | +0.34% |
Volatility
FOINX vs. MCDWX - Volatility Comparison
Tributary Income Fund (FOINX) has a higher volatility of 1.66% compared to Manning & Napier Credit Series (MCDWX) at 1.41%. This indicates that FOINX'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
| FOINX | MCDWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.41% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 1.99% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 3.32% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.82% | 4.62% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 4.41% | +0.42% |