MNDFX vs. FALGX
MNDFX (Manning & Napier Disciplined Value Series) and FALGX (Fidelity Advisor Large Cap Fund Class M) are both Large Cap Value Equities funds. Over the past 10 years, MNDFX returned 5.55%/yr vs 13.52%/yr for FALGX. Their correlation of 0.87 suggests significant overlap in exposure. MNDFX charges 0.54%/yr vs 1.05%/yr for FALGX.
Performance
MNDFX vs. FALGX - Performance Comparison
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Returns By Period
Over the past 10 years, MNDFX has underperformed FALGX with an annualized return of 5.55%, while FALGX has yielded a comparatively higher 13.52% annualized return.
MNDFX
- 1D
- 0.31%
- 1M
- 0.52%
- YTD
- 12.74%
- 6M
- 11.44%
- 1Y
- 27.55%
- 3Y*
- 16.30%
- 5Y*
- 9.77%
- 10Y*
- 5.55%
FALGX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 9.14%
- 3Y*
- 16.35%
- 5Y*
- 10.71%
- 10Y*
- 13.52%
MNDFX vs. FALGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNDFX Manning & Napier Disciplined Value Series | 12.74% | 15.76% | 11.60% | 5.64% | -4.22% | 22.45% | 2.44% | -28.95% | -4.30% | 23.39% |
FALGX Fidelity Advisor Large Cap Fund Class M | 0.00% | 19.09% | 18.68% | 22.88% | -8.40% | 25.20% | 8.27% | 31.01% | -8.88% | 16.83% |
Correlation
The correlation between MNDFX and FALGX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2008 | 0.87 |
Over the past year, the correlation between MNDFX and FALGX has dropped to 0.29 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
MNDFX vs. FALGX — Risk / Return Rank
MNDFX
FALGX
MNDFX vs. FALGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Disciplined Value Series (MNDFX) and Fidelity Advisor Large Cap Fund Class M (FALGX). 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.
| MNDFX | FALGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 2.34 | +1.81 |
| Martin ratioReturn relative to average drawdown | 14.75 | 3.77 | +10.98 |
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Drawdowns
MNDFX vs. FALGX - Drawdown Comparison
The maximum MNDFX drawdown since its inception was -62.03%, roughly equal to the maximum FALGX drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for MNDFX and FALGX.
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Drawdown Indicators
| MNDFX | FALGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.03% | -64.07% | +2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -5.06% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -21.78% | +5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -21.78% | +3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | -37.58% | -24.45% |
Current DrawdownCurrent decline from peak | -1.63% | -4.20% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -11.97% | -14.41% | +2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.93% | -1.05% |
Volatility
MNDFX vs. FALGX - Volatility Comparison
Manning & Napier Disciplined Value Series (MNDFX) has a higher volatility of 3.40% compared to Fidelity Advisor Large Cap Fund Class M (FALGX) at 0.00%. This indicates that MNDFX's price experiences larger fluctuations and is considered to be riskier than FALGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNDFX | FALGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 0.00% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 3.52% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.55% | 7.83% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 16.61% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.65% | 18.60% | +3.05% |
MNDFX vs. FALGX - Expense Ratio Comparison
MNDFX has a 0.54% expense ratio, which is lower than FALGX's 1.05% expense ratio.
Dividends
MNDFX vs. FALGX - Dividend Comparison
MNDFX's dividend yield for the trailing twelve months is around 8.72%, more than FALGX's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FALGX Fidelity Advisor Large Cap Fund Class M | 5.76% | 5.76% | 0.00% | 3.20% | 1.91% | 6.44% | 5.25% | 8.39% | 16.99% | 6.42% | 1.85% | 2.74% |
MNDFX Manning & Napier Disciplined Value Series | 8.72% | 9.64% | 10.46% | 7.81% | 9.77% | 7.31% | 1.93% | 5.18% | 15.02% | 24.95% | 4.89% | 15.83% |
Frequently Asked Questions
MNDFX and FALGX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MNDFX has higher volatility (3.40%) compared to FALGX (0.00%). In terms of maximum drawdown, MNDFX dropped -62.03% vs FALGX's -64.07%.
MNDFX currently has the higher Sharpe Ratio (2.41 vs 1.52), 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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