SSFDX vs. MCDWX
Compare and contrast key facts about State Street Aggregate Bond Index Fund (SSFDX) and Manning & Napier Credit Series (MCDWX).
SSFDX is managed by State Street. It was launched on Sep 19, 2014. MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020.
Performance
SSFDX vs. MCDWX - Performance Comparison
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SSFDX vs. MCDWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SSFDX State Street Aggregate Bond Index Fund | -0.18% | 6.80% | 1.36% | 5.39% | -13.36% | -1.98% | -89.70% |
MCDWX Manning & Napier Credit Series | -0.35% | 7.57% | 4.13% | 7.31% | -11.13% | 0.01% | 8.77% |
Returns By Period
In the year-to-date period, SSFDX achieves a -0.18% return, which is significantly higher than MCDWX's -0.35% return.
SSFDX
- 1D
- 0.52%
- 1M
- -1.98%
- YTD
- -0.18%
- 6M
- 0.81%
- 1Y
- 4.11%
- 3Y*
- 3.37%
- 5Y*
- 0.06%
- 10Y*
- -19.37%
MCDWX
- 1D
- 0.33%
- 1M
- -1.84%
- YTD
- -0.35%
- 6M
- 0.98%
- 1Y
- 4.74%
- 3Y*
- 5.19%
- 5Y*
- 1.76%
- 10Y*
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SSFDX vs. MCDWX - Expense Ratio Comparison
SSFDX has a 0.23% expense ratio, which is higher than MCDWX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SSFDX vs. MCDWX — Risk / Return Rank
SSFDX
MCDWX
SSFDX vs. MCDWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Aggregate Bond Index Fund (SSFDX) 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.
| SSFDX | MCDWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.44 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.48 | 2.03 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.37 | -0.42 |
Martin ratioReturn relative to average drawdown | 5.41 | 8.65 | -3.24 |
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
| SSFDX | MCDWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.44 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.38 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | 0.57 | -1.13 |
Correlation
The correlation between SSFDX 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
SSFDX vs. MCDWX - Dividend Comparison
SSFDX's dividend yield for the trailing twelve months is around 4.03%, less than MCDWX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSFDX State Street Aggregate Bond Index Fund | 4.03% | 3.64% | 3.59% | 2.95% | 2.27% | 3.12% | 8.84% | 3.15% | 2.79% | 2.43% | 2.19% | 4.63% |
MCDWX Manning & Napier Credit Series | 4.44% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSFDX vs. MCDWX - Drawdown Comparison
The maximum SSFDX drawdown since its inception was -92.69%, which is greater than MCDWX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for SSFDX and MCDWX.
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Drawdown Indicators
| SSFDX | MCDWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.69% | -15.96% | -76.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -2.20% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -15.96% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -92.69% | — | — |
Current DrawdownCurrent decline from peak | -90.19% | -1.84% | -88.35% |
Average DrawdownAverage peak-to-trough decline | -47.39% | -4.24% | -43.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.60% | +0.31% |
Volatility
SSFDX vs. MCDWX - Volatility Comparison
State Street Aggregate Bond Index Fund (SSFDX) has a higher volatility of 1.60% compared to Manning & Napier Credit Series (MCDWX) at 1.41%. This indicates that SSFDX's price experiences larger fluctuations and is considered to be riskier than MCDWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSFDX | MCDWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.41% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 1.99% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 3.32% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 4.62% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.81% | 4.41% | +27.40% |