BCRIX vs. TRLVX

Last updated Jul 14, 2026

BCRIX (BlackRock Advantage CoreAlpha Bond Fund) and TRLVX (SEI Institutional Managed Trust Core Fixed Income Fund) are both Intermediate Core Bond funds from BlackRock. Over the past 10 years, BCRIX returned 1.39%/yr vs 1.35%/yr for TRLVX. Their correlation of 0.93 suggests significant overlap in exposure. BCRIX charges 0.28%/yr vs 0.66%/yr for TRLVX.

Performance

BCRIX vs. TRLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCRIX achieves a -0.13% return, which is significantly higher than TRLVX's -0.27% return. Both investments have delivered pretty close results over the past 10 years, with BCRIX having a 1.39% annualized return and TRLVX not far behind at 1.35%.

BCRIX

• 1D: -0.12%
• 1M: -0.30%
• 6M: -0.13%
• YTD: -0.13%
• 1Y: 4.03%
• 3Y*: 4.36%
• 5Y*: -0.65%
• 10Y*: 1.39%

TRLVX

• 1D: -0.11%
• 1M: -0.33%
• 6M: -0.37%
• YTD: -0.27%
• 1Y: 3.58%
• 3Y*: 3.95%
• 5Y*: -0.83%
• 10Y*: 1.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCRIX vs. TRLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCRIX BlackRock Advantage CoreAlpha Bond Fund	-0.13%	6.81%	2.21%	5.07%	-14.70%	-1.97%	8.78%	9.33%	-0.17%	4.17%
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund	-0.27%	7.06%	0.83%	5.92%	-15.66%	-1.63%	9.04%	9.25%	-0.47%	4.15%

Correlation

The correlation between BCRIX and TRLVX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 28, 2011	0.93

The correlation between BCRIX and TRLVX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

BCRIX vs. TRLVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCRIX

BCRIX Risk / Return Rank: 19
BCRIX Sharpe Ratio Rank: 20
BCRIX Sortino Ratio Rank: 20
BCRIX Omega Ratio Rank: 17
BCRIX Calmar Ratio Rank: 20
BCRIX Martin Ratio Rank: 17

TRLVX

TRLVX Risk / Return Rank: 14
TRLVX Sharpe Ratio Rank: 15
TRLVX Sortino Ratio Rank: 15
TRLVX Omega Ratio Rank: 13
TRLVX Calmar Ratio Rank: 15
TRLVX Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCRIX vs. TRLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BCRIX	TRLVX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	0.79	+0.14
Sortino ratio: Return per unit of downside risk	1.38	1.17	+0.21
Omega ratio: Gain probability vs. loss probability	1.16	1.14	+0.02
Calmar ratio: Return relative to maximum drawdown	1.18	0.96	+0.22
Martin ratio: Return relative to average drawdown	3.22	2.61	+0.60

BCRIX vs. TRLVX - Sharpe Ratio Comparison

The current BCRIX Sharpe Ratio is 0.93, which is comparable to the TRLVX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of BCRIX and TRLVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCRIX vs. TRLVX - Drawdown Comparison

The maximum BCRIX drawdown since its inception was -20.21%, roughly equal to the maximum TRLVX drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for BCRIX and TRLVX.

Drawdown Indicators

	BCRIX	TRLVX	Difference
Max Drawdown Largest peak-to-trough decline	-20.21%	-20.98%	+0.77%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-3.29%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-6.40%	-6.90%	+0.50%
Max Drawdown (5Y) Largest decline over 5 years	-20.05%	-20.68%	+0.63%
Max Drawdown (10Y) Largest decline over 10 years	-20.21%	-20.98%	+0.77%
Current Drawdown Current decline from peak	-4.21%	-5.39%	+1.18%
Average Drawdown Average peak-to-trough decline	-4.11%	-2.49%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	1.21%	-0.10%

Volatility

BCRIX vs. TRLVX - Volatility Comparison

BlackRock Advantage CoreAlpha Bond Fund (BCRIX) and SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX) have volatilities of 1.19% and 1.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCRIX	TRLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	1.16%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	3.11%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	4.02%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.06%	6.38%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.06%	5.25%	-0.19%

BCRIX vs. TRLVX - Expense Ratio Comparison

BCRIX has a 0.28% expense ratio, which is lower than TRLVX's 0.66% expense ratio.

Dividends

BCRIX vs. TRLVX - Dividend Comparison

BCRIX's dividend yield for the trailing twelve months is around 4.74%, more than TRLVX's 3.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCRIX BlackRock Advantage CoreAlpha Bond Fund	4.74%	4.59%	4.53%	3.41%	1.85%	2.49%	6.25%	3.75%	3.07%	2.81%	3.21%	2.93%
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund	3.68%	3.52%	4.01%	3.38%	1.80%	1.90%	5.98%	3.73%	2.77%	2.36%	4.46%	3.64%

Frequently Asked Questions

Can I hold both BCRIX and TRLVX in my portfolio?

With a correlation of 0.95, BCRIX and TRLVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BCRIX or TRLVX?

BCRIX has higher volatility (1.19%) compared to TRLVX (1.16%). In terms of maximum drawdown, BCRIX dropped -20.21% vs TRLVX's -20.98%.

Which has better risk-adjusted returns?

BCRIX currently has the higher Sharpe Ratio (0.93 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.