CAVAX vs. SMQFX
CAVAX (SEI Catholic Values Trust Catholic Values Equity Fund) and SMQFX (SEI Institutional Investments Trust Emerging Markets Equity Fund) are both mutual funds - CAVAX is a Large Cap Blend Equities fund managed by SEI, while SMQFX is a Emerging Markets Equities fund managed by SEI. Over the past 10 years, CAVAX returned 11.97%/yr vs 10.73%/yr for SMQFX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. CAVAX charges 0.86%/yr vs 0.59%/yr for SMQFX.
Performance
CAVAX vs. SMQFX - Performance Comparison
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Returns By Period
In the year-to-date period, CAVAX achieves a 10.38% return, which is significantly lower than SMQFX's 18.65% return. Over the past 10 years, CAVAX has outperformed SMQFX with an annualized return of 11.97%, while SMQFX has yielded a comparatively lower 10.73% annualized return.
CAVAX
- 1D
- 0.21%
- 1M
- 2.30%
- 6M
- 7.28%
- YTD
- 10.38%
- 1Y
- 20.16%
- 3Y*
- 15.78%
- 5Y*
- 8.96%
- 10Y*
- 11.97%
- ALL TIME*
- 11.84%
SMQFX
- 1D
- 1.47%
- 1M
- 0.00%
- 6M
- 8.48%
- YTD
- 18.65%
- 1Y
- 38.81%
- 3Y*
- 22.37%
- 5Y*
- 11.54%
- 10Y*
- 10.73%
- ALL TIME*
- 8.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CAVAX vs. SMQFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund | 10.38% | 15.45% | 16.72% | 21.33% | -18.51% | 20.57% | 17.33% | 26.63% | -10.24% | 23.69% |
SMQFX SEI Institutional Investments Trust Emerging Markets Equity Fund | 18.65% | 40.14% | 9.19% | 16.67% | -19.31% | 8.09% | 17.33% | 18.91% | -17.67% | 33.53% |
Correlation
The correlation between CAVAX and SMQFX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.69 |
The correlation between CAVAX and SMQFX has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
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Return for Risk
CAVAX vs. SMQFX — Risk / Return Rank
CAVAX
SMQFX
CAVAX vs. SMQFX - 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 Emerging Markets Equity Fund (SMQFX). 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.
| CAVAX | SMQFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.76 | -0.56 |
| Martin ratioReturn relative to average drawdown | 9.10 | 9.00 | +0.10 |
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Drawdowns
CAVAX vs. SMQFX - Drawdown Comparison
The maximum CAVAX drawdown since its inception was -36.55%, smaller than the maximum SMQFX drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for CAVAX and SMQFX.
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Drawdown Indicators
| CAVAX | SMQFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.55% | -40.14% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -13.62% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -17.95% | -15.03% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -26.51% | -36.37% | +9.86% |
Max Drawdown (10Y)Largest decline over 10 years | -36.55% | -40.14% | +3.59% |
Current DrawdownCurrent decline from peak | 0.00% | -6.44% | +6.44% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -11.96% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 4.16% | -2.11% |
Volatility
CAVAX vs. SMQFX - Volatility Comparison
The current volatility for SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) is 3.49%, while SEI Institutional Investments Trust Emerging Markets Equity Fund (SMQFX) has a volatility of 7.75%. This indicates that CAVAX experiences smaller price fluctuations and is considered to be less risky than SMQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAVAX | SMQFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 7.75% | -4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 18.14% | -8.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 20.09% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 18.46% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 17.23% | +0.08% |
CAVAX vs. SMQFX - Expense Ratio Comparison
CAVAX has a 0.86% expense ratio, which is higher than SMQFX's 0.59% expense ratio.
Dividends
CAVAX vs. SMQFX - Dividend Comparison
CAVAX's dividend yield for the trailing twelve months is around 6.10%, less than SMQFX's 25.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund | 6.10% | 6.73% | 7.01% | 1.29% | 3.67% | 16.58% | 2.98% | 2.80% | 5.66% | 0.71% | 0.99% | 0.00% |
SMQFX SEI Institutional Investments Trust Emerging Markets Equity Fund | 25.48% | 30.23% | 6.43% | 3.24% | 5.32% | 17.70% | 1.80% | 1.89% | 11.55% | 2.70% | 2.15% | 1.69% |
Frequently Asked Questions
CAVAX and SMQFX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMQFX has higher volatility (7.75%) compared to CAVAX (3.49%). In terms of maximum drawdown, CAVAX dropped -36.55% vs SMQFX's -40.14%.
SMQFX currently has the higher Sharpe Ratio (1.87 vs 1.50), 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.
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