RFAYX vs. MCDWX
Compare and contrast key facts about Russell Investments Investment Grade Bond Fund (RFAYX) and Manning & Napier Credit Series (MCDWX).
RFAYX is managed by Russell. It was launched on Mar 29, 2000. MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020.
Performance
RFAYX vs. MCDWX - Performance Comparison
Loading graphics...
RFAYX vs. MCDWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | -0.12% | 7.47% | 1.57% | 4.85% | -14.80% | -1.09% | 6.28% |
MCDWX Manning & Napier Credit Series | -0.13% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
Returns By Period
In the year-to-date period, RFAYX achieves a -0.12% return, which is significantly higher than MCDWX's -0.13% return.
RFAYX
- 1D
- 0.28%
- 1M
- -1.42%
- YTD
- -0.12%
- 6M
- 0.60%
- 1Y
- 4.03%
- 3Y*
- 3.44%
- 5Y*
- -0.18%
- 10Y*
- 1.65%
MCDWX
- 1D
- 0.22%
- 1M
- -1.30%
- YTD
- -0.13%
- 6M
- 0.99%
- 1Y
- 4.63%
- 3Y*
- 5.27%
- 5Y*
- 1.72%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RFAYX vs. MCDWX - Expense Ratio Comparison
RFAYX has a 0.32% expense ratio, which is higher than MCDWX's 0.10% expense ratio.
Return for Risk
RFAYX vs. MCDWX — Risk / Return Rank
RFAYX
MCDWX
RFAYX vs. MCDWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Investment Grade Bond Fund (RFAYX) and Manning & Napier Credit Series (MCDWX). 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.
| RFAYX | MCDWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.51 | -0.44 |
Sortino ratioReturn per unit of downside risk | 1.53 | 2.12 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.26 | -0.65 |
Martin ratioReturn relative to average drawdown | 4.86 | 8.14 | -3.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| RFAYX | MCDWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.51 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.37 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.58 | +0.18 |
Correlation
The correlation between RFAYX and MCDWX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RFAYX vs. MCDWX - Dividend Comparison
RFAYX's dividend yield for the trailing twelve months is around 5.34%, more than MCDWX's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFAYX Russell Investments Investment Grade Bond Fund | 5.34% | 5.19% | 4.74% | 3.71% | 1.25% | 2.50% | 5.27% | 3.46% | 2.67% | 1.57% | 5.45% | 4.09% |
MCDWX Manning & Napier Credit Series | 4.43% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RFAYX vs. MCDWX - Drawdown Comparison
The maximum RFAYX drawdown since its inception was -19.61%, which is greater than MCDWX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for RFAYX and MCDWX.
Loading graphics...
Drawdown Indicators
| RFAYX | MCDWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -15.96% | -3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.20% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.61% | -15.96% | -3.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -4.48% | -1.63% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -4.24% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.61% | +0.33% |
Volatility
RFAYX vs. MCDWX - Volatility Comparison
Russell Investments Investment Grade Bond Fund (RFAYX) and Manning & Napier Credit Series (MCDWX) have volatilities of 1.44% and 1.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| RFAYX | MCDWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.42% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 2.00% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 3.31% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 4.62% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 4.41% | +0.48% |