MNHAX vs. EXDVX
Compare and contrast key facts about Manning & Napier High Yield Bond I (MNHAX) and Manning & Napier Divrs Tax Exempt Series Fund (EXDVX).
MNHAX is managed by Manning & Napier. It was launched on Aug 1, 2012. EXDVX is managed by Manning & Napier. It was launched on Feb 13, 1994.
Performance
MNHAX vs. EXDVX - Performance Comparison
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MNHAX vs. EXDVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | -1.67% | 6.90% | 9.29% | 13.49% | -7.38% | 10.27% | 6.58% | 14.25% | -0.98% | 8.68% |
EXDVX Manning & Napier Divrs Tax Exempt Series Fund | -0.69% | 4.30% | 0.41% | 4.10% | -5.83% | 0.16% | 5.73% | 5.10% | 0.65% | 2.37% |
Returns By Period
In the year-to-date period, MNHAX achieves a -1.67% return, which is significantly lower than EXDVX's -0.69% return. Over the past 10 years, MNHAX has outperformed EXDVX with an annualized return of 6.73%, while EXDVX has yielded a comparatively lower 1.40% annualized return.
MNHAX
- 1D
- 0.32%
- 1M
- -2.47%
- YTD
- -1.67%
- 6M
- -0.40%
- 1Y
- 4.27%
- 3Y*
- 8.42%
- 5Y*
- 5.33%
- 10Y*
- 6.73%
EXDVX
- 1D
- 0.19%
- 1M
- -2.25%
- YTD
- -0.69%
- 6M
- 0.60%
- 1Y
- 3.40%
- 3Y*
- 2.10%
- 5Y*
- 0.55%
- 10Y*
- 1.40%
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MNHAX vs. EXDVX - Expense Ratio Comparison
MNHAX has a 0.66% expense ratio, which is higher than EXDVX's 0.63% expense ratio.
Return for Risk
MNHAX vs. EXDVX — Risk / Return Rank
MNHAX
EXDVX
MNHAX vs. EXDVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manning & Napier High Yield Bond I (MNHAX) and Manning & Napier Divrs Tax Exempt Series Fund (EXDVX). 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.
| MNHAX | EXDVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.02 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.38 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.07 | +0.03 |
Martin ratioReturn relative to average drawdown | 4.36 | 4.54 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MNHAX | EXDVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.02 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.21 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.47 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.55 | +0.10 |
Correlation
The correlation between MNHAX and EXDVX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MNHAX vs. EXDVX - Dividend Comparison
MNHAX's dividend yield for the trailing twelve months is around 6.64%, more than EXDVX's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNHAX Manning & Napier High Yield Bond I | 6.64% | 7.29% | 7.02% | 8.59% | 7.61% | 9.81% | 6.26% | 8.24% | 6.38% | 6.20% | 7.68% | 6.64% |
EXDVX Manning & Napier Divrs Tax Exempt Series Fund | 2.18% | 2.26% | 1.87% | 1.67% | 0.61% | 6.02% | 1.69% | 2.81% | 1.38% | 1.25% | 1.10% | 0.86% |
Drawdowns
MNHAX vs. EXDVX - Drawdown Comparison
The maximum MNHAX drawdown since its inception was -20.13%, which is greater than EXDVX's maximum drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for MNHAX and EXDVX.
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Drawdown Indicators
| MNHAX | EXDVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.13% | -12.74% | -7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -3.55% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -9.29% | -10.84% |
Max Drawdown (10Y)Largest decline over 10 years | -20.13% | -9.29% | -10.84% |
Current DrawdownCurrent decline from peak | -14.06% | -2.25% | -11.81% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -2.19% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.84% | +0.02% |
Volatility
MNHAX vs. EXDVX - Volatility Comparison
Manning & Napier High Yield Bond I (MNHAX) has a higher volatility of 1.68% compared to Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) at 0.78%. This indicates that MNHAX's price experiences larger fluctuations and is considered to be riskier than EXDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNHAX | EXDVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.78% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 1.16% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 3.66% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 2.68% | +11.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 2.96% | +7.73% |