MNDFX vs. FLCSX
MNDFX (Manning & Napier Disciplined Value Series) and FLCSX (Fidelity Large Cap Stock Fund) are both mutual funds - MNDFX is a Large Cap Value Equities fund managed by Manning & Napier, while FLCSX is a Large Cap Blend Equities fund actively managed by Fidelity. Over the past 10 years, MNDFX returned 5.22%/yr vs 15.29%/yr for FLCSX. Their correlation of 0.87 means they have usually moved in the same direction. MNDFX charges 0.54%/yr vs 0.75%/yr for FLCSX.
Performance
MNDFX vs. FLCSX - Performance Comparison
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Returns By Period
In the year-to-date period, MNDFX achieves a 16.94% return, which is significantly higher than FLCSX's 11.77% return. Over the past 10 years, MNDFX has underperformed FLCSX with an annualized return of 5.22%, while FLCSX has yielded a comparatively higher 15.29% annualized return.
MNDFX
- 1D
- -0.10%
- 1M
- 1.53%
- 6M
- 9.90%
- YTD
- 16.94%
- 1Y
- 30.93%
- 3Y*
- 15.12%
- 5Y*
- 10.06%
- 10Y*
- 5.22%
- ALL TIME*
- 8.31%
FLCSX
- 1D
- 0.95%
- 1M
- 0.95%
- 6M
- 7.88%
- YTD
- 11.77%
- 1Y
- 24.54%
- 3Y*
- 23.36%
- 5Y*
- 16.49%
- 10Y*
- 15.29%
- ALL TIME*
- 10.26%
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 |
MNDFX vs. FLCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNDFX Manning & Napier Disciplined Value Series | 16.94% | 15.76% | 11.60% | 5.64% | -4.22% | 22.45% | 2.44% | -28.95% | -4.30% | 23.39% |
FLCSX Fidelity Large Cap Stock Fund | 11.77% | 27.49% | 26.31% | 23.51% | -8.02% | 25.80% | 9.05% | 31.59% | -13.62% | 17.86% |
Correlation
The correlation between MNDFX and FLCSX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 FLCSX has dropped to 0.48 - 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. FLCSX — Risk / Return Rank
MNDFX
FLCSX
MNDFX vs. FLCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier Disciplined Value Series (MNDFX) and Fidelity Large Cap Stock Fund (FLCSX). 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 | FLCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.31 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.38 | 2.39 | +1.99 |
| Martin ratioReturn relative to average drawdown | 16.25 | 10.65 | +5.61 |
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Drawdowns
MNDFX vs. FLCSX - Drawdown Comparison
The maximum MNDFX drawdown since its inception was -62.03%, roughly equal to the maximum FLCSX drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for MNDFX and FLCSX.
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Drawdown Indicators
| MNDFX | FLCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.03% | -63.67% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -9.55% | +2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -18.82% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -21.69% | +3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -62.03% | -37.11% | -24.92% |
Current DrawdownCurrent decline from peak | -1.58% | -0.09% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -13.75% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.14% | -0.34% |
Volatility
MNDFX vs. FLCSX - Volatility Comparison
The current volatility for Manning & Napier Disciplined Value Series (MNDFX) is 3.30%, while Fidelity Large Cap Stock Fund (FLCSX) has a volatility of 3.52%. This indicates that MNDFX experiences smaller price fluctuations and is considered to be less risky than FLCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNDFX | FLCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 3.52% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 10.11% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 12.99% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 16.82% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.64% | 18.57% | +3.07% |
MNDFX vs. FLCSX - Expense Ratio Comparison
MNDFX has a 0.54% expense ratio, which is lower than FLCSX's 0.75% expense ratio.
Dividends
MNDFX vs. FLCSX - Dividend Comparison
MNDFX's dividend yield for the trailing twelve months is around 8.46%, less than FLCSX's 8.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCSX Fidelity Large Cap Stock Fund | 8.84% | 6.50% | 4.26% | 2.83% | 3.07% | 4.71% | 3.93% | 5.43% | 7.63% | 3.25% | 3.61% | 4.55% |
MNDFX Manning & Napier Disciplined Value Series | 8.46% | 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 FLCSX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLCSX has higher volatility (3.52%) compared to MNDFX (3.30%). In terms of maximum drawdown, MNDFX dropped -62.03% vs FLCSX's -63.67%.
MNDFX currently has the higher Sharpe Ratio (2.59 vs 1.76), 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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