MCDWX vs. VBMPX
MCDWX (Manning & Napier Credit Series) and VBMPX (Vanguard Total Bond Market Index Fund Institutional Plus Shares) are both mutual funds - MCDWX is a Intermediate Core Bond fund managed by Manning & Napier, while VBMPX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 5 years, MCDWX returned 1.26%/yr vs -0.43%/yr for VBMPX. Their correlation of 0.90 means they have usually moved in the same direction. MCDWX charges 0.10%/yr vs 0.02%/yr for VBMPX.
Performance
MCDWX vs. VBMPX - Performance Comparison
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Returns By Period
In the year-to-date period, MCDWX achieves a 0.57% return, which is significantly higher than VBMPX's -0.69% return.
MCDWX
- 1D
- 0.11%
- 1M
- -0.21%
- 6M
- 0.17%
- YTD
- 0.57%
- 1Y
- 3.32%
- 3Y*
- 5.45%
- 5Y*
- 1.26%
- 10Y*
- —
- ALL TIME*
- 2.51%
VBMPX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -0.93%
- YTD
- -0.69%
- 1Y
- 1.68%
- 3Y*
- 3.70%
- 5Y*
- -0.43%
- 10Y*
- 1.30%
- ALL TIME*
- 2.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MCDWX vs. VBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MCDWX Manning & Napier Credit Series | 0.57% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | -0.69% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 3.41% |
Correlation
The correlation between MCDWX and VBMPX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2020 | 0.90 |
The correlation between MCDWX and VBMPX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
MCDWX vs. VBMPX — Risk / Return Rank
MCDWX
VBMPX
MCDWX vs. VBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Credit Series (MCDWX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MCDWX | VBMPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.13 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.00 | +0.86 |
| Martin ratioReturn relative to average drawdown | 5.41 | 2.50 | +2.91 |
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Drawdowns
MCDWX vs. VBMPX - Drawdown Comparison
The maximum MCDWX drawdown since its inception was -15.96%, smaller than the maximum VBMPX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for MCDWX and VBMPX.
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Drawdown Indicators
| MCDWX | VBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -18.90% | +2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.17% | -2.89% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -3.68% | -4.86% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -18.12% | +2.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.90% | — |
Current DrawdownCurrent decline from peak | -0.94% | -3.33% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -3.52% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 1.15% | -0.41% |
Volatility
MCDWX vs. VBMPX - Volatility Comparison
The current volatility for Manning & Napier Credit Series (MCDWX) is 0.69%, while Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) has a volatility of 0.96%. This indicates that MCDWX experiences smaller price fluctuations and is considered to be less risky than VBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCDWX | VBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.96% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.97% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 3.83% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 6.02% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 4.98% | -0.64% |
MCDWX vs. VBMPX - Expense Ratio Comparison
MCDWX has a 0.10% expense ratio, which is higher than VBMPX'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%.
Dividends
MCDWX vs. VBMPX - Dividend Comparison
MCDWX's dividend yield for the trailing twelve months is around 4.55%, more than VBMPX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCDWX Manning & Napier Credit Series | 4.55% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.73% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
Frequently Asked Questions
MCDWX and VBMPX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBMPX has higher volatility (0.96%) compared to MCDWX (0.69%). In terms of maximum drawdown, MCDWX dropped -15.96% vs VBMPX's -18.90%.
MCDWX currently has the higher Sharpe Ratio (1.41 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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