SMGAX Alternatives & Similar Mutual Funds

SEI Asset Allocation Trust Conservative Strategy Allocation Fund (SMGAX) belongs to the Diversified Portfolio category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SMGAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to SMGAX

SMGAX charges 0.35% annually. There are 112 mutual funds in the Diversified Portfolio category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FRGAX	Fidelity 70% Allocation Fund	0.02%	—	Jan 2022	SMGAX vs FRGAX
PALDX	PGIM 60/40 Allocation Fund	0.03%	—	Sep 2017	SMGAX vs PALDX
VBAIX	Vanguard Balanced Index Fund Institutional Shares	0.04%	63.70B	Dec 2000	SMGAX vs VBAIX
TSAIX	TIAA-CREF Lifestyle Aggressive Growth Fund	0.04%	—	Dec 2011	SMGAX vs TSAIX
FYMIX	Fidelity Sustainable Multi-Asset Fund	0.05%	—	Feb 2022	SMGAX vs FYMIX

Best Risk-Adjusted Alternatives to SMGAX

SMGAX has a PortfoliosLab risk / return rank of 76. There are 104 mutual funds in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	99	—	Nov 2003	SMGAX vs STDAX
TIBIX	Thornburg Investment Income Builder Fund Class I	98	—	Dec 2002	SMGAX vs TIBIX
RPFCX	Davis Appreciation & Income Fund	96	—	Apr 1992	SMGAX vs RPFCX
NWQIX	Nuveen Flexible Income Fund	96	—	Dec 2009	SMGAX vs NWQIX
FSRRX	Fidelity Strategic Real Return Fund	95	—	Sep 2005	SMGAX vs FSRRX

Top Performing SMGAX Alternatives (YTD)

SMGAX is at 6.06% YTD. There are 298 mutual funds in the Diversified Portfolio category with higher YTD returns, going as high as 29.72%.

Symbol	Name	YTD Return	AUM	Inception
EKBAX	Allspring Diversified Capital Builder Fund	29.72%	—	Jan 1998	SMGAX vs EKBAX
TIBIX	Thornburg Investment Income Builder Fund Class I	19.05%	—	Dec 2002	SMGAX vs TIBIX
IOEZX	ICON Equity Income Fund	18.94%	—	May 2004	SMGAX vs IOEZX
GRSPX	Greenspring Fund	17.70%	—	Jun 1983	SMGAX vs GRSPX
MHELX	MH Elite Small Cap Fund of Funds Fund	17.05%	—	Aug 1998	SMGAX vs MHELX

Lowest Volatility Alternatives to SMGAX

SMGAX has 5.01% 1-year volatility. There are 45 mutual funds in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.86%.

Symbol	Name	Volatility 1Y	AUM	Inception
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	0.86%	—	Nov 2003	SMGAX vs STDAX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	2.80%	—	Nov 2003	SMGAX vs SICIX
SCLAX	SEI Institutional Managed Trust Multi-Asset Capita...	2.91%	—	Apr 2012	SMGAX vs SCLAX
AVEFX	Ave Maria Bond Fund	3.05%	—	Apr 2003	SMGAX vs AVEFX
CSTAX	American Funds College 2027 Fund	3.11%	—	Sep 2012	SMGAX vs CSTAX

Lowest Drawdown Alternatives to SMGAX

SMGAX has a 1-year max drawdown of -3.56%. There are 29 mutual funds in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as -0.36%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	-0.36%	—	Nov 2003	SMGAX vs STDAX
SCLAX	SEI Institutional Managed Trust Multi-Asset Capita...	-2.32%	—	Apr 2012	SMGAX vs SCLAX
DGTSX	DFA Global Allocation 25/75 Portfolio	-2.64%	—	Dec 2003	SMGAX vs DGTSX
SICIX	SEI Asset Allocation Trust Conservative Strategy F...	-2.65%	—	Nov 2003	SMGAX vs SICIX
CSTAX	American Funds College 2027 Fund	-2.72%	—	Sep 2012	SMGAX vs CSTAX

Other Mutual Funds from SEI

The 10 most viewed SEI mutual funds shown here include ENIAX, SGYAX, SDLAX and span 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ENIAX	SEI Institutional Investments Trust Opportunistic ...	Ultrashort Bond	100	2.27%	—	Dec 2006	SMGAX vs ENIAX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	35	0.93%	—	Dec 2005	SMGAX vs SGYAX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	48	9.15%	—	Jul 2010	SMGAX vs SDLAX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	50	1.08%	—	Sep 2007	SMGAX vs SEATX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	59	10.09%	—	Dec 2013	SMGAX vs SPINX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	56	10.38%	—	Apr 2015	SMGAX vs CAVAX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Equities	68	19.26%	—	Jan 1995	SMGAX vs SIEMX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	78	13.59%	—	Dec 1989	SMGAX vs SEITX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	56	-0.10%	—	Sep 1989	SMGAX vs SEIMX
SEIAX	SEI Multi-Asset Real Return Fund Class A	Inflation-Protected Bonds	86	9.04%	—	Jul 2011	SMGAX vs SEIAX

Often Compared With SMGAX

Investors most often compare SMGAX with SBDAX, FSIRX, FIQDX. These 19 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SBDAX	SEI Tax Exempt Trust California Municipal Bond Fun...	Municipal Bonds	24	-1.28%	—	Aug 1998	SMGAX vs SBDAX
FSIRX	Fidelity Advisor Strategic Real Return Fund Class ...	Diversified Portfolio	91	6.81%	—	Sep 2005	SMGAX vs FSIRX
FIQDX	Fidelity Advisor Strategic Real Return Fund Class ...	Diversified Portfolio	91	6.68%	—	Oct 2018	SMGAX vs FIQDX
SMIFX	Sound Mind Investing Fund	Diversified Portfolio	31	10.56%	—	Dec 2005	SMGAX vs SMIFX
BLNDX	Standpoint Multi-Asset Fund Institutional	Diversified Portfolio	87	13.52%	—	Dec 2019	SMGAX vs BLNDX
BWBIX	Baron WealthBuilder Fund	Diversified Portfolio	12	0.60%	—	Dec 2017	SMGAX vs BWBIX
FCSRX	Fidelity Advisor Strategic Real Return Fund Class ...	Diversified Portfolio	88	6.20%	—	Sep 2005	SMGAX vs FCSRX
FSRKX	Fidelity Strategic Real Return Fund Class K6	Diversified Portfolio	92	6.77%	—	Sep 2005	SMGAX vs FSRKX
QBDSX	Quantified Managed Income Fund	Diversified Portfolio	4	-0.25%	—	Aug 2013	SMGAX vs QBDSX
LDRAX	SEI Institutional Investments Trust Long Duration ...	Long-Term Bond	4	-3.50%	—	Apr 2004	SMGAX vs LDRAX
DGIFX	Disciplined Growth Investors Fund	Diversified Portfolio	28	15.68%	—	Aug 2011	SMGAX vs DGIFX
BRUFX	Bruce Fund	Diversified Portfolio	93	14.75%	—	Mar 1968	SMGAX vs BRUFX
AYBLX	Pioneer Balanced ESG Fund	Diversified Portfolio	94	13.12%	—	Dec 1991	SMGAX vs AYBLX
AOBLX	Victory Pioneer Balanced Fund Class A	Diversified Portfolio	94	13.00%	—	Dec 1991	SMGAX vs AOBLX
SPIIX	SEI S&P 500 Index Fund Class I	Large Cap Blend Equities	52	9.65%	—	Jun 2002	SMGAX vs SPIIX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	Diversified Portfolio, Municipal Bonds	67	4.67%	12.30B	Sep 1994	SMGAX vs VTMFX
FMUAX	Federated Hermes Municipal and Stock Advantage Fun...	Diversified Portfolio	92	5.90%	—	Sep 2003	SMGAX vs FMUAX
ABIEX	AB Emerging Markets Multi-Asset Portfolio	Diversified Portfolio	65	17.04%	—	Aug 2011	SMGAX vs ABIEX
FORTX	Abraham Fortress Fund	Diversified Portfolio	94	13.07%	—	Jul 2018	SMGAX vs FORTX

Compare SMGAX with Any Fund or Stock

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

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Diversifiers

Pair SMGAX with funds that move differently

SEI Asset Allocation Trust Conservative Strategy Allocation Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMGAX.

Explore SMGAX Diversifiers

SEI Asset Allocation Trust Conservative Strategy Allocation Fund (SMGAX) Alternatives