MCDWX vs. NOBOX
Compare and contrast key facts about Manning & Napier Credit Series (MCDWX) and Northern Bond Index Fund (NOBOX).
MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020. NOBOX is managed by Northern Funds. It was launched on Feb 27, 2007.
Performance
MCDWX vs. NOBOX - Performance Comparison
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MCDWX vs. NOBOX - 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% |
NOBOX Northern Bond Index Fund | -0.24% | 6.14% | 0.82% | 4.86% | -13.84% | -2.10% | 2.82% |
Returns By Period
In the year-to-date period, MCDWX achieves a -0.35% return, which is significantly lower than NOBOX's -0.24% return.
MCDWX
- 1D
- 0.33%
- 1M
- -1.84%
- YTD
- -0.35%
- 6M
- 0.98%
- 1Y
- 4.74%
- 3Y*
- 5.19%
- 5Y*
- 1.76%
- 10Y*
- —
NOBOX
- 1D
- 0.44%
- 1M
- -2.03%
- YTD
- -0.24%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 2.81%
- 5Y*
- -0.46%
- 10Y*
- 1.21%
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MCDWX vs. NOBOX - Expense Ratio Comparison
MCDWX has a 0.10% expense ratio, which is higher than NOBOX's 0.07% expense ratio. However, 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
MCDWX vs. NOBOX — Risk / Return Rank
MCDWX
NOBOX
MCDWX vs. NOBOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Credit Series (MCDWX) and Northern Bond Index Fund (NOBOX). 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 | NOBOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.94 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.03 | 1.40 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.61 | +0.76 |
Martin ratioReturn relative to average drawdown | 8.65 | 4.70 | +3.95 |
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 | NOBOX | 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 | -0.08 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.59 | -0.02 |
Correlation
The correlation between MCDWX and NOBOX is 0.88, 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. NOBOX - Dividend Comparison
MCDWX's dividend yield for the trailing twelve months is around 4.44%, more than NOBOX's 3.98% 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% |
NOBOX Northern Bond Index Fund | 3.98% | 2.88% | 3.46% | 2.63% | 1.53% | 2.10% | 3.12% | 3.18% | 2.80% | 2.77% | 2.45% | 2.61% |
Drawdowns
MCDWX vs. NOBOX - Drawdown Comparison
The maximum MCDWX drawdown since its inception was -15.96%, smaller than the maximum NOBOX drawdown of -20.03%. Use the drawdown chart below to compare losses from any high point for MCDWX and NOBOX.
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Drawdown Indicators
| MCDWX | NOBOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -20.03% | +4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -2.80% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -19.15% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.03% | — |
Current DrawdownCurrent decline from peak | -1.84% | -6.19% | +4.35% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -3.52% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.96% | -0.36% |
Volatility
MCDWX vs. NOBOX - Volatility Comparison
The current volatility for Manning & Napier Credit Series (MCDWX) is 1.41%, while Northern Bond Index Fund (NOBOX) has a volatility of 1.62%. This indicates that MCDWX experiences smaller price fluctuations and is considered to be less risky than NOBOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCDWX | NOBOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.62% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 2.87% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 4.60% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.62% | 6.07% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 5.01% | -0.60% |