USGDX vs. MCDWX
Compare and contrast key facts about Morgan Stanley U.S. Government Securities Trust (USGDX) and Manning & Napier Credit Series (MCDWX).
USGDX is managed by Morgan Stanley. It was launched on Jul 28, 1997. MCDWX is managed by Manning & Napier. It was launched on Apr 15, 2020.
Performance
USGDX vs. MCDWX - Performance Comparison
Loading graphics...
USGDX vs. MCDWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USGDX Morgan Stanley U.S. Government Securities Trust | -1.71% | 13.54% | -6.80% | 4.64% | -13.25% | -2.18% | 2.72% |
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, USGDX achieves a -1.71% return, which is significantly lower than MCDWX's -0.35% return.
USGDX
- 1D
- 1.03%
- 1M
- -4.72%
- YTD
- -1.71%
- 6M
- 0.22%
- 1Y
- 4.06%
- 3Y*
- 1.93%
- 5Y*
- -1.10%
- 10Y*
- 0.79%
MCDWX
- 1D
- 0.33%
- 1M
- -1.84%
- YTD
- -0.35%
- 6M
- 0.98%
- 1Y
- 4.74%
- 3Y*
- 5.19%
- 5Y*
- 1.76%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
USGDX vs. MCDWX - Expense Ratio Comparison
USGDX has a 0.52% expense ratio, which is higher than MCDWX's 0.10% expense ratio.
Return for Risk
USGDX vs. MCDWX — Risk / Return Rank
USGDX
MCDWX
USGDX vs. MCDWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley U.S. Government Securities Trust (USGDX) 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.
| USGDX | MCDWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 1.44 | -0.99 |
Sortino ratioReturn per unit of downside risk | 0.69 | 2.03 | -1.34 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.28 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.37 | -1.71 |
Martin ratioReturn relative to average drawdown | 1.65 | 8.65 | -7.00 |
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
| USGDX | MCDWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 1.44 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.38 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.57 | -0.08 |
Correlation
The correlation between USGDX and MCDWX is 0.86, 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
USGDX vs. MCDWX - Dividend Comparison
USGDX's dividend yield for the trailing twelve months is around 4.88%, more than MCDWX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USGDX Morgan Stanley U.S. Government Securities Trust | 4.88% | 4.73% | 5.20% | 3.09% | 2.51% | 2.18% | 2.79% | 3.67% | 3.13% | 3.11% | 3.13% | 2.63% |
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
USGDX vs. MCDWX - Drawdown Comparison
The maximum USGDX drawdown since its inception was -30.33%, which is greater than MCDWX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for USGDX and MCDWX.
Loading graphics...
Drawdown Indicators
| USGDX | MCDWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.33% | -15.96% | -14.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -2.20% | -7.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.81% | -15.96% | -13.85% |
Max Drawdown (10Y)Largest decline over 10 years | -30.33% | — | — |
Current DrawdownCurrent decline from peak | -8.20% | -1.84% | -6.36% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -4.24% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 0.60% | +3.08% |
Volatility
USGDX vs. MCDWX - Volatility Comparison
Morgan Stanley U.S. Government Securities Trust (USGDX) has a higher volatility of 3.17% compared to Manning & Napier Credit Series (MCDWX) at 1.41%. This indicates that USGDX'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.
Loading graphics...
Volatility by Period
| USGDX | MCDWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 1.41% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 1.99% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.15% | 3.32% | +6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 4.62% | +7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.81% | 4.41% | +4.40% |