SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) Alternatives

SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SMSAX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to SMSAX

SMSAX charges 1.35% annually. Among mutual funds in the Multistrategy category, these options have the lowest expense ratios among SMSAX alternatives.

Symbol	Name	Expense Ratio	Inception
RMDFX	Aspiriant Defensive Allocation Fund	0.18%	Dec 13, 2015	SMSAX vs RMDFX
SPATX	Symmetry Panoramic Alternatives Fund	0.50%	Nov 11, 2018	SMSAX vs SPATX
TALTX	Morgan Stanley Pathway Funds Alternative Strategie...	0.59%	Feb 14, 2018	SMSAX vs TALTX
GAAVX	GMO Alternative Allocation Fund	0.61%	May 1, 2019	SMSAX vs GAAVX
WRPIX	Allspring Alternative Risk Premia Fund	0.72%	Jan 28, 2019	SMSAX vs WRPIX

Best Risk-Adjusted Alternatives to SMSAX

Among mutual funds in the Multistrategy category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
SRRIX	Stone Ridge Reinsurance Risk Premium Interval Fund	100	Dec 9, 2013	SMSAX vs SRRIX
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	100	Aug 14, 2017	SMSAX vs ARBIX
SHRIX	Stone Ridge High Yield Reinsurance Risk Premium Fu...	99	Feb 1, 2013	SMSAX vs SHRIX
ADAIX	AQR Diversified Arbitrage Fund Class I	99	Jan 15, 2009	SMSAX vs ADAIX
ADANX	AQR Diversified Arbitrage Fund Class N	99	Jan 15, 2009	SMSAX vs ADANX

Top Performing SMSAX Alternatives (YTD)

SMSAX alternatives from the Multistrategy category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
QSPRX	AQR Style Premia Alternative R6	9.99%	Sep 2, 2014	SMSAX vs QSPRX
QSPNX	AQR Style Premia Alternative Fund Class N	9.96%	Oct 30, 2013	SMSAX vs QSPNX
QSPIX	AQR Style Premia Alternative Fund	9.94%	Oct 29, 2013	SMSAX vs QSPIX
WRPIX	Allspring Alternative Risk Premia Fund	9.08%	Jan 28, 2019	SMSAX vs WRPIX
QRPRX	AQR Alternative Risk Premia R6	8.62%	Sep 19, 2017	SMSAX vs QRPRX

Lowest Volatility Alternatives to SMSAX

SMSAX alternatives from the Multistrategy category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	1.26%	Aug 14, 2017	SMSAX vs ARBIX
ADANX	AQR Diversified Arbitrage Fund Class N	1.53%	Jan 15, 2009	SMSAX vs ADANX
ADAIX	AQR Diversified Arbitrage Fund Class I	1.54%	Jan 15, 2009	SMSAX vs ADAIX
TMSRX	T. Rowe Price Multi-Strategy Total Return Fund	2.10%	Feb 22, 2018	SMSAX vs TMSRX
SHRIX	Stone Ridge High Yield Reinsurance Risk Premium Fu...	2.40%	Feb 1, 2013	SMSAX vs SHRIX

Lowest Drawdown Alternatives to SMSAX

SMSAX alternatives from the Multistrategy category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
ARBIX	Absolute Convertible Arbitrage Fund Institutional ...	-0.51%	Aug 14, 2017	SMSAX vs ARBIX
SRRIX	Stone Ridge Reinsurance Risk Premium Interval Fund	-0.55%	Dec 9, 2013	SMSAX vs SRRIX
ADANX	AQR Diversified Arbitrage Fund Class N	-0.64%	Jan 15, 2009	SMSAX vs ADANX
ADAIX	AQR Diversified Arbitrage Fund Class I	-0.64%	Jan 15, 2009	SMSAX vs ADAIX
FCRIX	FS Credit Income Fund Class I	-1.31%	Nov 1, 2017	SMSAX vs FCRIX

Other Mutual Funds from SEI

Most popular SEI mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ENIAX	SEI Institutional Investments Trust Opportunistic ...	Ultrashort Bond	92	0.38%	Dec 13, 2006	SMSAX vs ENIAX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	40	-8.11%	Jul 30, 2010	SMSAX vs SDLAX
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	78	-1.71%	Dec 5, 2005	SMSAX vs SGYAX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	45	-7.09%	Dec 18, 2013	SMSAX vs SPINX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	73	-0.69%	Dec 20, 1989	SMSAX vs SEITX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	14	-0.47%	Sep 4, 2007	SMSAX vs SEATX
SPIIX	SEI S&P 500 Index Fund Class I	Large Cap Blend Equities	40	-7.22%	Jun 28, 2002	SMSAX vs SPIIX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Diversified	85	0.85%	Jan 16, 1995	SMSAX vs SIEMX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	36	-5.19%	Apr 30, 2015	SMSAX vs CAVAX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	60	-0.70%	Sep 4, 1989	SMSAX vs SEIMX

Often Compared With SMSAX

What investors most often compare with SMSAX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	SMSAX vs VOO
QRPNX	AQR Alternative Risk Premia Fund Class N	Multistrategy	81	8.50%	Sep 19, 2017	SMSAX vs QRPNX

Compare SMSAX with Any Fund or Stock

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

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SEI Institutional Managed Trust Multi-Strategy Alternative Fund

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