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 229 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
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	SBDAX vs FHMIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	SBDAX vs VTMFX
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 24. There are 464 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	100	—	Aug 2002	SBDAX vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	100	—	Dec 2002	SBDAX vs ATOIX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	99	—	Apr 2022	SBDAX vs DFABX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	—	Feb 2021	SBDAX vs FHMIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	—	Apr 2016	SBDAX vs TFCYX

Top Performing SBDAX Alternatives (YTD)

SBDAX is at -1.28% YTD. There are 476 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.88%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	10.88%	—	Apr 1998	SBDAX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	6.63%	—	Nov 2002	SBDAX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	5.90%	—	Oct 1992	SBDAX vs MIY
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	4.67%	12.30B	Sep 1994	SBDAX vs VTMFX
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	3.83%	—	Mar 1998	SBDAX vs MUJ

Lowest Volatility Alternatives to SBDAX

SBDAX has 2.41% 1-year volatility. There are 154 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.54%	—	Aug 2002	SBDAX vs DFSMX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.57%	—	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	0.63%	—	May 2016	SBDAX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.65%	—	May 2016	SBDAX vs USMTX

Lowest Drawdown Alternatives to SBDAX

SBDAX has a 1-year max drawdown of -3.40%. There are 429 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
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	SBDAX vs ATOIX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	SBDAX vs FHMIX
DFSMX	DFA Short Term Municipal Bond Portfolio	-0.11%	—	Aug 2002	SBDAX vs DFSMX

Other Mutual Funds from SEI

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ENIAX	SEI Institutional Investments Trust Opportunistic ...	Ultrashort Bond	100	2.27%	—	Dec 2006	SBDAX vs ENIAX
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	Diversified Portfolio	99	1.58%	—	Nov 2003	SBDAX vs STDAX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	Diversified Portfolio	85	3.12%	—	Nov 2003	SBDAX vs SICIX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	35	0.93%	—	Dec 2005	SBDAX vs SGYAX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	48	9.15%	—	Jul 2010	SBDAX vs SDLAX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	50	1.08%	—	Sep 2007	SBDAX vs SEATX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	59	10.09%	—	Dec 2013	SBDAX vs SPINX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	56	10.38%	—	Apr 2015	SBDAX vs CAVAX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Equities	68	19.26%	—	Jan 1995	SBDAX vs SIEMX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	78	13.59%	—	Dec 1989	SBDAX vs SEITX

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	89	1.76%	—	Oct 2017	SBDAX vs DCARX
SPIIX	SEI S&P 500 Index Fund Class I	Large Cap Blend Equities	52	9.65%	—	Jun 2002	SBDAX vs SPIIX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	56	-0.10%	—	Sep 1989	SBDAX vs SEIMX
LCIAX	SEI Institutional Investments Trust Large Cap Inde...	Large Cap Blend Equities	55	9.98%	—	Apr 2002	SBDAX vs LCIAX
SGOAX	SEI Asset Allocation Trust Market Growth Strategy ...	Diversified Portfolio	75	10.32%	—	Nov 2003	SBDAX vs SGOAX
SLPAX	SEI Institutional Investments Trust Small Cap Fund	Small Cap Blend Equities	67	15.48%	—	Jun 1996	SBDAX vs SLPAX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	Municipal Bonds	19	0.90%	—	Dec 2017	SBDAX vs APUSX
SENYX	SEI Tax-Exempt Trust New York Municipal Bond Fund	Municipal Bonds	36	-0.64%	—	Aug 1998	SBDAX vs SENYX
SMGAX	SEI Asset Allocation Trust Conservative Strategy A...	Diversified Portfolio	76	6.06%	—	Nov 2003	SBDAX vs SMGAX
SLDBX	SEI Institutional Investments Trust Limited Durati...	Short-Term Bond	80	0.73%	—	Jul 2014	SBDAX vs SLDBX
SUMAX	SEI Tax Exempt Trust Short Duration Municipal Fund	Municipal Bonds	82	0.83%	—	Nov 2003	SBDAX vs SUMAX
SRWAX	SEI Asset Allocation Trust Market Growth Strategy ...	Diversified Portfolio	81	8.87%	—	Nov 2003	SBDAX vs SRWAX
SMOAX	SEI Asset Allocation Trust Moderate Strategy Fund	Diversified Portfolio	81	4.96%	—	Nov 2003	SBDAX vs SMOAX
SEFIX	SEI Institutional International Trust Internationa...	Global Bonds	6	-0.34%	—	Aug 1993	SBDAX vs SEFIX
SEHAX	SEI Institutional Investments Trust U.S. Equity Fa...	Large Cap Blend Equities	83	13.78%	—	Apr 2018	SBDAX vs SEHAX
SCPAX	SEI Institutional Investments Trust Large Cap Disc...	Large Cap Blend Equities	80	12.69%	—	Aug 2003	SBDAX vs SCPAX
SIDCX	SEI Institutional Investments Trust Intermediate D...	Corporate Bonds	10	-1.18%	—	Mar 2015	SBDAX vs SIDCX
SISAX	SEI Asset Allocation Trust Tax-Managed Aggressive ...	Diversified Portfolio	75	10.30%	—	Nov 2003	SBDAX vs SISAX
SEGMX	SEI Daily Income Trust GNMA Fund	Government Bonds	20	-0.67%	—	Mar 1987	SBDAX vs SEGMX
SMQFX	SEI Institutional Investments Trust Emerging Marke...	Emerging Markets Equities	73	18.65%	—	Oct 2014	SBDAX vs SMQFX

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