MCDWX vs. CLDAX
Compare and contrast key facts about Manning & Napier Credit Series (MCDWX) and Calvert Core Bond Fund (CLDAX).
MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020. CLDAX is managed by Calvert Research and Management. It was launched on Dec 30, 2004.
Performance
MCDWX vs. CLDAX - Performance Comparison
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MCDWX vs. CLDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MCDWX Manning & Napier Credit Series | -0.35% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
CLDAX Calvert Core Bond Fund | -0.96% | 7.27% | 1.39% | 5.04% | -13.48% | -2.30% | 11.81% |
Returns By Period
In the year-to-date period, MCDWX achieves a -0.35% return, which is significantly higher than CLDAX's -0.96% return.
MCDWX
- 1D
- 0.33%
- 1M
- -1.84%
- YTD
- -0.35%
- 6M
- 0.98%
- 1Y
- 4.74%
- 3Y*
- 5.19%
- 5Y*
- 1.76%
- 10Y*
- —
CLDAX
- 1D
- 0.51%
- 1M
- -2.06%
- YTD
- -0.96%
- 6M
- -0.17%
- 1Y
- 3.16%
- 3Y*
- 3.08%
- 5Y*
- -0.14%
- 10Y*
- 3.23%
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MCDWX vs. CLDAX - Expense Ratio Comparison
MCDWX has a 0.10% expense ratio, which is lower than CLDAX's 0.74% expense ratio.
Return for Risk
MCDWX vs. CLDAX — Risk / Return Rank
MCDWX
CLDAX
MCDWX vs. CLDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Credit Series (MCDWX) and Calvert Core Bond Fund (CLDAX). 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.
| MCDWX | CLDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.94 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.03 | 1.35 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.47 | +0.90 |
Martin ratioReturn relative to average drawdown | 8.65 | 4.61 | +4.04 |
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
| MCDWX | CLDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.94 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | -0.03 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.82 | -0.25 |
Correlation
The correlation between MCDWX and CLDAX is 0.89, 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
MCDWX vs. CLDAX - Dividend Comparison
MCDWX's dividend yield for the trailing twelve months is around 4.44%, more than CLDAX's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CLDAX Calvert Core Bond Fund | 3.91% | 4.24% | 4.16% | 3.17% | 1.80% | 6.08% | 5.22% | 3.04% | 3.63% | 3.02% | 7.02% | 2.85% |
Drawdowns
MCDWX vs. CLDAX - Drawdown Comparison
The maximum MCDWX drawdown since its inception was -15.96%, smaller than the maximum CLDAX drawdown of -18.88%. Use the drawdown chart below to compare losses from any high point for MCDWX and CLDAX.
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Drawdown Indicators
| MCDWX | CLDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -18.88% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -3.04% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -18.21% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.88% | — |
Current DrawdownCurrent decline from peak | -1.84% | -4.35% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -3.92% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.97% | -0.37% |
Volatility
MCDWX vs. CLDAX - Volatility Comparison
The current volatility for Manning & Napier Credit Series (MCDWX) is 1.41%, while Calvert Core Bond Fund (CLDAX) has a volatility of 1.61%. This indicates that MCDWX experiences smaller price fluctuations and is considered to be less risky than CLDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCDWX | CLDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.61% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 2.56% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 4.27% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.62% | 5.59% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 6.85% | -2.44% |