MCDWX vs. SSAFX
Compare and contrast key facts about Manning & Napier Credit Series (MCDWX) and State Street Aggregate Bond Index Portfolio (SSAFX).
MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020. SSAFX is managed by State Street. It was launched on Sep 19, 2014.
Performance
MCDWX vs. SSAFX - Performance Comparison
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MCDWX vs. SSAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MCDWX Manning & Napier Credit Series | -0.13% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
SSAFX State Street Aggregate Bond Index Portfolio | 0.02% | 6.81% | 1.34% | 5.61% | -13.30% | -1.72% | 931.54% |
Returns By Period
In the year-to-date period, MCDWX achieves a -0.13% return, which is significantly lower than SSAFX's 0.02% return.
MCDWX
- 1D
- 0.22%
- 1M
- -1.30%
- YTD
- -0.13%
- 6M
- 0.99%
- 1Y
- 4.63%
- 3Y*
- 5.27%
- 5Y*
- 1.72%
- 10Y*
- —
SSAFX
- 1D
- 0.20%
- 1M
- -1.32%
- YTD
- 0.02%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 3.49%
- 5Y*
- 0.11%
- 10Y*
- 27.90%
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MCDWX vs. SSAFX - Expense Ratio Comparison
MCDWX has a 0.10% expense ratio, which is higher than SSAFX's 0.02% 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. SSAFX — Risk / Return Rank
MCDWX
SSAFX
MCDWX vs. SSAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Credit Series (MCDWX) and State Street Aggregate Bond Index Portfolio (SSAFX). 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 | SSAFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.04 | +0.47 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.49 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.81 | +0.46 |
Martin ratioReturn relative to average drawdown | 8.14 | 4.96 | +3.18 |
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 | SSAFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.04 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.02 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.09 | +0.48 |
Correlation
The correlation between MCDWX and SSAFX is 0.92, 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. SSAFX - Dividend Comparison
MCDWX's dividend yield for the trailing twelve months is around 4.43%, more than SSAFX's 3.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCDWX Manning & Napier Credit Series | 4.43% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSAFX State Street Aggregate Bond Index Portfolio | 3.74% | 3.70% | 3.76% | 3.16% | 2.49% | 1.90% | 2.41% | 2.88% | 2.82% | 2.42% | 2.21% | 3.21% |
Drawdowns
MCDWX vs. SSAFX - Drawdown Comparison
The maximum MCDWX drawdown since its inception was -15.96%, smaller than the maximum SSAFX drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for MCDWX and SSAFX.
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Drawdown Indicators
| MCDWX | SSAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -18.74% | +2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -2.52% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -18.10% | +2.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.74% | — |
Current DrawdownCurrent decline from peak | -1.63% | -3.00% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -4.44% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.92% | -0.31% |
Volatility
MCDWX vs. SSAFX - Volatility Comparison
The current volatility for Manning & Napier Credit Series (MCDWX) is 1.42%, while State Street Aggregate Bond Index Portfolio (SSAFX) has a volatility of 1.59%. This indicates that MCDWX experiences smaller price fluctuations and is considered to be less risky than SSAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCDWX | SSAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.59% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 2.50% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 4.20% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.62% | 5.93% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 277.46% | -273.05% |