MNBAX vs. EXDAX
MNBAX (Manning & Napier Pro-Blend Extended Term Series) and EXDAX (Manning & Napier Pro-Blend Conservative Term Series) are both Diversified Portfolio funds from Manning & Napier. Over the past 10 years, MNBAX returned 6.89%/yr vs 4.38%/yr for EXDAX. Their correlation of 0.87 suggests significant overlap in exposure. MNBAX charges 1.02%/yr vs 0.88%/yr for EXDAX.
Performance
MNBAX vs. EXDAX - Performance Comparison
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Returns By Period
In the year-to-date period, MNBAX achieves a 0.57% return, which is significantly higher than EXDAX's 0.37% return. Over the past 10 years, MNBAX has outperformed EXDAX with an annualized return of 6.89%, while EXDAX has yielded a comparatively lower 4.38% annualized return.
MNBAX
- 1D
- -0.67%
- 1M
- -0.16%
- YTD
- 0.57%
- 6M
- 0.00%
- 1Y
- 6.21%
- 3Y*
- 7.65%
- 5Y*
- 2.79%
- 10Y*
- 6.89%
EXDAX
- 1D
- -0.30%
- 1M
- 0.45%
- YTD
- 0.37%
- 6M
- 0.22%
- 1Y
- 4.22%
- 3Y*
- 5.56%
- 5Y*
- 2.00%
- 10Y*
- 4.38%
MNBAX vs. EXDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNBAX Manning & Napier Pro-Blend Extended Term Series | 0.57% | 10.01% | 7.16% | 13.16% | -16.70% | 11.27% | 17.65% | 19.30% | -4.31% | 14.90% |
EXDAX Manning & Napier Pro-Blend Conservative Term Series | 0.37% | 7.87% | 4.26% | 8.55% | -11.11% | 5.37% | 10.52% | 12.96% | -2.26% | 8.93% |
Correlation
The correlation between MNBAX and EXDAX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 1995 | 0.87 |
The correlation between MNBAX and EXDAX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
MNBAX vs. EXDAX — Risk / Return Rank
MNBAX
EXDAX
MNBAX vs. EXDAX - 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 Conservative Term Series (EXDAX). 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 | EXDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.10 | -0.34 |
| Martin ratioReturn relative to average drawdown | 2.95 | 4.65 | -1.70 |
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Drawdowns
MNBAX vs. EXDAX - Drawdown Comparison
The maximum MNBAX drawdown since its inception was -39.62%, which is greater than EXDAX's maximum drawdown of -14.62%. Use the drawdown chart below to compare losses from any high point for MNBAX and EXDAX.
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Drawdown Indicators
| MNBAX | EXDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.62% | -14.62% | -25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -4.19% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -10.28% | -4.57% | -5.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -14.62% | -7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -21.95% | -14.62% | -7.33% |
Current DrawdownCurrent decline from peak | -2.33% | -0.88% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -2.13% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.99% | +1.41% |
Volatility
MNBAX vs. EXDAX - Volatility Comparison
Manning & Napier Pro-Blend Extended Term Series (MNBAX) has a higher volatility of 3.32% compared to Manning & Napier Pro-Blend Conservative Term Series (EXDAX) at 1.82%. This indicates that MNBAX's price experiences larger fluctuations and is considered to be riskier than EXDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNBAX | EXDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 1.82% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 3.92% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 4.67% | +4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.55% | 5.16% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.73% | 5.36% | +4.37% |
MNBAX vs. EXDAX - Expense Ratio Comparison
MNBAX has a 1.02% expense ratio, which is higher than EXDAX's 0.88% expense ratio.
Dividends
MNBAX vs. EXDAX - Dividend Comparison
MNBAX's dividend yield for the trailing twelve months is around 10.08%, more than EXDAX's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXDAX Manning & Napier Pro-Blend Conservative Term Series | 3.11% | 3.12% | 3.35% | 3.01% | 2.81% | 5.48% | 9.99% | 4.25% | 3.76% | 4.44% | 0.60% | 1.52% |
MNBAX Manning & Napier Pro-Blend Extended Term Series | 10.08% | 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 0.93, MNBAX and EXDAX 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 (3.32%) compared to EXDAX (1.82%). In terms of maximum drawdown, MNBAX dropped -39.62% vs EXDAX's -14.62%.
EXDAX currently has the higher Sharpe Ratio (0.99 vs 0.80), 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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