SBDAX Alternatives & Similar Mutual Funds

SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SBDAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to SBDAX

SBDAX charges 0.60% annually. There are 230 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	SBDAX vs LSMSX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	SBDAX vs VTMFX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	SBDAX vs FHMIX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	SBDAX vs NMTRX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	SBDAX vs FSMUX

Best Risk-Adjusted Alternatives to SBDAX

SBDAX has a PortfoliosLab risk / return rank of 53. There are 444 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	SBDAX vs DFABX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	SBDAX vs ATOIX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	SBDAX vs DFCMX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	SBDAX vs DNYMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	SBDAX vs DFSMX

Top Performing SBDAX Alternatives (YTD)

SBDAX is at 0.18% YTD. There are 477 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	13.22%	—	Apr 1998	SBDAX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	9.70%	—	Nov 2002	SBDAX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	7.62%	—	Nov 2001	SBDAX vs AFB
MIY	BlackRock MuniYield Michigan Quality Fund	6.57%	—	Oct 1992	SBDAX vs MIY
NPV	Nuveen Virginia Quality Municipal Income Fund	6.33%	—	Mar 1993	SBDAX vs NPV

Lowest Volatility Alternatives to SBDAX

SBDAX has 2.30% 1-year volatility. There are 155 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	SBDAX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	SBDAX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	SBDAX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.60%	—	May 2016	SBDAX vs USMTX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	SBDAX vs DFSMX

Lowest Drawdown Alternatives to SBDAX

SBDAX has a 1-year max drawdown of -3.40%. There are 431 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	SBDAX vs BATVX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	SBDAX vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	SBDAX vs FHMIX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	SBDAX vs ATOIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	SBDAX vs APUSX

Other Mutual Funds from SEI

The 10 most viewed SEI mutual funds shown here include ENIAX, STDAX, SGYAX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ENIAX	SEI Institutional Investments Trust Opportunistic ...	Ultrashort Bond	99	1.77%	—	Dec 2006	SBDAX vs ENIAX
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	Diversified Portfolio	99	1.48%	—	Nov 2003	SBDAX vs STDAX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	60	1.29%	—	Dec 2005	SBDAX vs SGYAX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	46	2.21%	—	Sep 2007	SBDAX vs SEATX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	53	8.32%	—	Jul 2010	SBDAX vs SDLAX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	65	9.73%	—	Dec 2013	SBDAX vs SPINX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Diversified	88	29.60%	—	Jan 1995	SBDAX vs SIEMX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	Diversified Portfolio	61	2.01%	—	Nov 2003	SBDAX vs SICIX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	50	11.04%	—	Dec 1989	SBDAX vs SEITX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	44	8.14%	—	Apr 2015	SBDAX vs CAVAX

Often Compared With SBDAX

Investors most often compare SBDAX with DCARX, SPIIX, SEIMX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	94	1.84%	—	Oct 2017	SBDAX vs DCARX
SPIIX	SEI S&P 500 Index Fund Class I	Large Cap Blend Equities	60	9.38%	—	Jun 2002	SBDAX vs SPIIX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	66	1.27%	—	Sep 1989	SBDAX vs SEIMX
LCIAX	SEI Institutional Investments Trust Large Cap Inde...	Large Cap Blend Equities	62	9.56%	—	Apr 2002	SBDAX vs LCIAX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	94	2.05%	—	Nov 2014	SBDAX vs DMREX
SLDBX	SEI Institutional Investments Trust Limited Durati...	Short-Term Bond	71	0.49%	—	Jul 2014	SBDAX vs SLDBX
SUMAX	SEI Tax Exempt Trust Short Duration Municipal Fund	Municipal Bonds	90	0.90%	—	Nov 2003	SBDAX vs SUMAX
SGOAX	SEI Asset Allocation Trust Market Growth Strategy ...	Diversified Portfolio	63	8.68%	—	Nov 2003	SBDAX vs SGOAX
SIDCX	SEI Institutional Investments Trust Intermediate D...	Corporate Bonds	20	0.26%	—	Mar 2015	SBDAX vs SIDCX
SLPAX	SEI Institutional Investments Trust Small Cap Fund	Small Cap Blend Equities	56	16.44%	—	Jun 1996	SBDAX vs SLPAX
SMOAX	SEI Asset Allocation Trust Moderate Strategy Fund	Diversified Portfolio	61	3.91%	—	Nov 2003	SBDAX vs SMOAX
SEFIX	SEI Institutional International Trust Internationa...	Global Bonds	4	0.00%	—	Aug 1993	SBDAX vs SEFIX
SRWAX	SEI Asset Allocation Trust Market Growth Strategy ...	Diversified Portfolio	77	8.66%	—	Nov 2003	SBDAX vs SRWAX
NJTFX	T. Rowe Price New Jersey Tax Free Bond Fund	Municipal Bonds	89	2.03%	—	Apr 1991	SBDAX vs NJTFX
SENYX	SEI Tax-Exempt Trust New York Municipal Bond Fund	Municipal Bonds	57	0.61%	—	Aug 1998	SBDAX vs SENYX
SCPAX	SEI Institutional Investments Trust Large Cap Disc...	Large Cap Blend Equities	76	10.26%	—	Aug 2003	SBDAX vs SCPAX
SISAX	SEI Asset Allocation Trust Tax-Managed Aggressive ...	Diversified Portfolio	63	8.69%	—	Nov 2003	SBDAX vs SISAX
SMGAX	SEI Asset Allocation Trust Conservative Strategy A...	Diversified Portfolio	33	3.33%	—	Nov 2003	SBDAX vs SMGAX
SMSAX	SEI Institutional Managed Trust Multi-Strategy Alt...	Multistrategy	89	7.33%	—	Mar 2010	SBDAX vs SMSAX
SEGMX	SEI Daily Income Trust GNMA Fund	Government Bonds	25	0.55%	—	Mar 1987	SBDAX vs SEGMX

Compare SBDAX with Any Fund or Stock

Compare SBDAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair SBDAX with funds that move differently

SEI Tax Exempt Trust California Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SBDAX.

Explore SBDAX Diversifiers

SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX) Alternatives