MCDWX vs. WMBDX
MCDWX (Manning & Napier Credit Series) and WMBDX (WesMark Government Bond Fund) are both Intermediate Core Bond funds. Over the past 5 years, MCDWX returned 1.49%/yr vs -1.92%/yr for WMBDX. Their correlation of 0.86 suggests significant overlap in exposure. MCDWX charges 0.10%/yr vs 1.03%/yr for WMBDX.
Performance
MCDWX vs. WMBDX - Performance Comparison
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Returns By Period
In the year-to-date period, MCDWX achieves a 0.78% return, which is significantly higher than WMBDX's 0.10% return.
MCDWX
- 1D
- 0.22%
- 1M
- 0.72%
- YTD
- 0.78%
- 6M
- 1.00%
- 1Y
- 5.11%
- 3Y*
- 5.62%
- 5Y*
- 1.49%
- 10Y*
- —
WMBDX
- 1D
- 0.25%
- 1M
- 0.94%
- YTD
- 0.10%
- 6M
- 0.39%
- 1Y
- 4.40%
- 3Y*
- 3.46%
- 5Y*
- -1.92%
- 10Y*
- -0.20%
MCDWX vs. WMBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MCDWX Manning & Napier Credit Series | 0.78% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
WMBDX WesMark Government Bond Fund | 0.10% | 6.94% | 0.91% | 2.69% | -17.48% | -1.45% | 1.46% |
Correlation
The correlation between MCDWX and WMBDX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2020 | 0.86 |
The correlation between MCDWX and WMBDX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
MCDWX vs. WMBDX — Risk / Return Rank
MCDWX
WMBDX
MCDWX vs. WMBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Credit Series (MCDWX) and WesMark Government Bond Fund (WMBDX). 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 | WMBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.27 | +1.16 |
| Martin ratioReturn relative to average drawdown | 7.54 | 3.66 | +3.88 |
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Drawdowns
MCDWX vs. WMBDX - Drawdown Comparison
The maximum MCDWX drawdown since its inception was -15.96%, smaller than the maximum WMBDX drawdown of -24.94%. Use the drawdown chart below to compare losses from any high point for MCDWX and WMBDX.
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Drawdown Indicators
| MCDWX | WMBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -24.94% | +8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.17% | -3.49% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -7.71% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -24.84% | +8.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.94% | — |
Current DrawdownCurrent decline from peak | -0.73% | -10.29% | +9.56% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -3.20% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.20% | -0.51% |
Volatility
MCDWX vs. WMBDX - Volatility Comparison
The current volatility for Manning & Napier Credit Series (MCDWX) is 0.95%, while WesMark Government Bond Fund (WMBDX) has a volatility of 1.27%. This indicates that MCDWX experiences smaller price fluctuations and is considered to be less risky than WMBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCDWX | WMBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.27% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 3.06% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 4.12% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 6.13% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 4.73% | -0.36% |
MCDWX vs. WMBDX - Expense Ratio Comparison
MCDWX has a 0.10% expense ratio, which is lower than WMBDX's 1.03% expense ratio.
Dividends
MCDWX vs. WMBDX - Dividend Comparison
MCDWX's dividend yield for the trailing twelve months is around 4.46%, more than WMBDX's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCDWX Manning & Napier Credit Series | 4.46% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WMBDX WesMark Government Bond Fund | 3.57% | 3.49% | 3.50% | 3.22% | 1.40% | 1.26% | 2.06% | 2.07% | 1.70% | 2.01% | 1.85% | 1.52% |
Frequently Asked Questions
MCDWX and WMBDX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMBDX has higher volatility (1.27%) compared to MCDWX (0.95%). In terms of maximum drawdown, MCDWX dropped -15.96% vs WMBDX's -24.94%.
MCDWX currently has the higher Sharpe Ratio (1.82 vs 1.07), 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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