MNBAX vs. EXBAX
MNBAX (Manning & Napier Pro-Blend Extended Term Series) and EXBAX (Manning & Napier Pro-Blend Moderate Term Series) are both Diversified Portfolio funds from Manning & Napier. Over the past 10 years, MNBAX returned 6.85%/yr vs 5.59%/yr for EXBAX. With a 0.98 correlation, they move nearly in lockstep. MNBAX charges 1.02%/yr vs 1.07%/yr for EXBAX.
Performance
MNBAX vs. EXBAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MNBAX achieves a 1.78% return, which is significantly higher than EXBAX's 1.38% return. Over the past 10 years, MNBAX has outperformed EXBAX with an annualized return of 6.85%, while EXBAX has yielded a comparatively lower 5.59% annualized return.
MNBAX
- 1D
- 0.62%
- 1M
- 1.04%
- YTD
- 1.78%
- 6M
- 1.67%
- 1Y
- 9.12%
- 3Y*
- 7.86%
- 5Y*
- 3.27%
- 10Y*
- 6.85%
EXBAX
- 1D
- 0.55%
- 1M
- 1.03%
- YTD
- 1.38%
- 6M
- 1.31%
- 1Y
- 7.79%
- 3Y*
- 7.00%
- 5Y*
- 2.77%
- 10Y*
- 5.59%
MNBAX vs. EXBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNBAX Manning & Napier Pro-Blend Extended Term Series | 1.78% | 10.01% | 7.16% | 13.16% | -16.70% | 11.27% | 17.65% | 19.30% | -4.31% | 14.90% |
EXBAX Manning & Napier Pro-Blend Moderate Term Series | 1.38% | 9.29% | 6.11% | 11.13% | -14.52% | 7.97% | 14.96% | 16.15% | -3.54% | 11.59% |
Correlation
The correlation between MNBAX and EXBAX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 1993 | 0.98 |
The correlation between MNBAX and EXBAX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MNBAX vs. EXBAX — Risk / Return Rank
MNBAX
EXBAX
MNBAX vs. EXBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Pro-Blend Extended Term Series (MNBAX) and Manning & Napier Pro-Blend Moderate Term Series (EXBAX). 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.
| MNBAX | EXBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.04 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.70 | 4.10 | -0.40 |
Loading charts...
Drawdowns
MNBAX vs. EXBAX - Drawdown Comparison
The maximum MNBAX drawdown since its inception was -39.62%, which is greater than EXBAX's maximum drawdown of -29.86%. Use the drawdown chart below to compare losses from any high point for MNBAX and EXBAX.
Loading charts...
Drawdown Indicators
| MNBAX | EXBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.62% | -29.86% | -9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -7.37% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -10.28% | -7.52% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -19.23% | -2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -21.95% | -19.23% | -2.72% |
Current DrawdownCurrent decline from peak | -1.17% | -0.88% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -5.05% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.87% | +0.53% |
Volatility
MNBAX vs. EXBAX - Volatility Comparison
Manning & Napier Pro-Blend Extended Term Series (MNBAX) has a higher volatility of 3.33% compared to Manning & Napier Pro-Blend Moderate Term Series (EXBAX) at 2.72%. This indicates that MNBAX's price experiences larger fluctuations and is considered to be riskier than EXBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MNBAX | EXBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.72% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.36% | 6.04% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.88% | 7.19% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.54% | 7.65% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.76% | 7.69% | +2.07% |
MNBAX vs. EXBAX - Expense Ratio Comparison
MNBAX has a 1.02% expense ratio, which is lower than EXBAX's 1.07% expense ratio.
Dividends
MNBAX vs. EXBAX - Dividend Comparison
MNBAX's dividend yield for the trailing twelve months is around 9.97%, more than EXBAX's 5.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXBAX Manning & Napier Pro-Blend Moderate Term Series | 5.69% | 5.77% | 4.57% | 2.27% | 0.99% | 6.67% | 6.31% | 4.83% | 5.08% | 6.09% | 1.81% | 0.58% |
MNBAX Manning & Napier Pro-Blend Extended Term Series | 9.97% | 10.14% | 4.23% | 1.81% | 3.68% | 5.12% | 6.49% | 4.49% | 5.73% | 6.53% | 1.15% | 2.05% |
Frequently Asked Questions
With a correlation of 0.99, MNBAX and EXBAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MNBAX has higher volatility (3.33%) compared to EXBAX (2.72%). In terms of maximum drawdown, MNBAX dropped -39.62% vs EXBAX's -29.86%.
EXBAX currently has the higher Sharpe Ratio (1.07 vs 1.00), 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.
Find the right allocation for MNBAX and EXBAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer