SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX) Sharpe Ratio: 1.01

SBDAX's Sharpe Ratio of 1.01 indicates that for each unit of volatility, it generates 1.01 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SBDAX Sharpe Ratio Rank

Below Average

SBDAX ranks above 25.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns may not adequately compensate for volatility taken
Consider smaller allocation given below-average risk-adjusted profile
Explore higher-ranked investments with better consistency
Assess whether the volatility profile aligns with your portfolio goals

SBDAX Sharpe Ratio Market Positioning

The chart shows SBDAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 1.04 or lower
Yellow zone (middle 50%): 1.04 to 1.93
Green zone (top 25%): 1.93 or higher
Top 1%: 3.76+
Median: 1.61 — half of all investments score higher

How it compares to other similar mutual funds

The table compares SEI Tax Exempt Trust California Municipal Bond Fund's Sharpe Ratio with other mutual funds in the Municipal Bonds category across multiple time periods, showing how SBDAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 5, 2026.

Symbol	Name	1Y Sharpe Ratio
DFSMX	DFA Short Term Municipal Bond Portfolio	4.30
DFABX	DFA Short-Term Selective State Municipal Bond Portfolio	3.90
DNYMX	DFA NY Municipal Bond Portfolio	3.67
DFCMX	DFA California Short Term Municipal Bond Portfolio	3.56
ATOIX	abrdn Ultra Short Municipal Income Fund	3.49
BATVX	BlackRock Allocation Target Shares	3.41
FHMIX	Federated Hermes Conservative Municipal Microshort Fund	3.10
TFCYX	SEI Institutional Managed Trust Tax-Free Conservative Income Fund	2.99
MEMUX	Maine Municipal Fund	2.99
USMTX	JPMorgan Ultra-Short Municipal Fund	2.97
SBDAX	SEI Tax Exempt Trust California Municipal Bond Fund	1.01

Benchmark

Compare this symbol against anything

Time Period

How much price history to include in the calculation

Historical Sharpe Ratio

The chart shows SBDAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SBDAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does SBDAX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio