CAVAX vs. SEHAX

Last updated Jun 5, 2026

CAVAX (SEI Catholic Values Trust Catholic Values Equity Fund) and SEHAX (SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund) are both Large Cap Blend Equities funds from SEI. Over the past 5 years, CAVAX returned 8.87%/yr vs 13.41%/yr for SEHAX. With a 0.96 correlation, they move nearly in lockstep. CAVAX charges 0.86%/yr vs 0.32%/yr for SEHAX.

Performance

CAVAX vs. SEHAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) and SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund (SEHAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAVAX achieves a 9.03% return, which is significantly lower than SEHAX's 12.24% return.

CAVAX

• 1D: -0.75%
• 1M: 2.72%
• YTD: 9.03%
• 6M: 9.34%
• 1Y: 21.38%
• 3Y*: 17.81%
• 5Y*: 8.87%
• 10Y*: 12.07%

SEHAX

• 1D: -0.77%
• 1M: 5.00%
• YTD: 12.24%
• 6M: 13.43%
• 1Y: 28.59%
• 3Y*: 22.92%
• 5Y*: 13.41%
• 10Y*: —

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

CAVAX vs. SEHAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund	9.03%	15.45%	16.72%	21.33%	-18.51%	20.57%	17.33%	26.63%	-10.53%
SEHAX SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund	12.24%	17.99%	24.97%	21.99%	-15.84%	32.78%	13.16%	28.09%	-5.81%

Correlation

The correlation between CAVAX and SEHAX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018	0.96

The correlation between CAVAX and SEHAX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

CAVAX vs. SEHAX — Risk / Return Rank

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

CAVAX

CAVAX Risk / Return Rank: 43
CAVAX Sharpe Ratio Rank: 40
CAVAX Sortino Ratio Rank: 39
CAVAX Omega Ratio Rank: 38
CAVAX Calmar Ratio Rank: 46
CAVAX Martin Ratio Rank: 54

SEHAX

SEHAX Risk / Return Rank: 76
SEHAX Sharpe Ratio Rank: 74
SEHAX Sortino Ratio Rank: 70
SEHAX Omega Ratio Rank: 65
SEHAX Calmar Ratio Rank: 82
SEHAX Martin Ratio Rank: 89

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.

CAVAX vs. SEHAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) and SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund (SEHAX). 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.

	CAVAX	SEHAX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.46	-0.63
Sortino ratio: Return per unit of downside risk	2.58	3.44	-0.85
Omega ratio: Gain probability vs. loss probability	1.33	1.44	-0.11
Calmar ratio: Return relative to maximum drawdown	2.55	3.68	-1.13
Martin ratio: Return relative to average drawdown	10.84	17.01	-6.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAVAX vs. SEHAX - Sharpe Ratio Comparison

The current CAVAX Sharpe Ratio is 1.83, which is comparable to the SEHAX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of CAVAX and SEHAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CAVAX	SEHAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.46	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.64	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.69	0.00

Drawdowns

CAVAX vs. SEHAX - Drawdown Comparison

The maximum CAVAX drawdown since its inception was -36.55%, roughly equal to the maximum SEHAX drawdown of -35.77%. Use the drawdown chart below to compare losses from any high point for CAVAX and SEHAX.

Drawdown Indicators

	CAVAX	SEHAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.55%	-35.77%	-0.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.49%	-7.74%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-17.95%	-17.69%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-26.51%	-35.77%	+9.26%
Max Drawdown (10Y) Largest decline over 10 years	-36.55%	—	—
Current Drawdown Current decline from peak	-0.75%	-0.77%	+0.02%
Average Drawdown Average peak-to-trough decline	-5.06%	-9.02%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.67%	+0.32%

Volatility

CAVAX vs. SEHAX - Volatility Comparison

The current volatility for SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) is 2.97%, while SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund (SEHAX) has a volatility of 3.14%. This indicates that CAVAX experiences smaller price fluctuations and is considered to be less risky than SEHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAVAX	SEHAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	3.14%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	8.73%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	11.58%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.08%	21.04%	-4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.39%	21.74%	-4.35%

CAVAX vs. SEHAX - Expense Ratio Comparison

CAVAX has a 0.86% expense ratio, which is higher than SEHAX's 0.32% expense ratio.

Dividends

CAVAX vs. SEHAX - Dividend Comparison

CAVAX's dividend yield for the trailing twelve months is around 6.18%, more than SEHAX's 4.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund	6.18%	6.73%	7.01%	1.29%	3.67%	16.58%	2.98%	2.80%	5.66%	0.71%	0.99%
SEHAX SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund	4.95%	5.52%	7.85%	1.15%	12.75%	23.76%	1.69%	1.97%	1.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CAVAX and SEHAX in my portfolio?

With a correlation of 0.96, CAVAX and SEHAX 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, CAVAX or SEHAX?

SEHAX has higher volatility (3.14%) compared to CAVAX (2.97%). In terms of maximum drawdown, CAVAX dropped -36.55% vs SEHAX's -35.77%.

Which has better risk-adjusted returns?

SEHAX currently has the higher Sharpe Ratio (2.46 vs 1.83), 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.