CAVAX vs. SPIIX

Last updated Apr 1, 2026

Compare and contrast key facts about SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) and SEI S&P 500 Index Fund Class I (SPIIX).

CAVAX is managed by SEI. It was launched on Apr 30, 2015. SPIIX is a passively managed fund by SEI that tracks the performance of the S&P 500 Index. It was launched on Jun 28, 2002.

Performance

CAVAX vs. SPIIX - 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 S&P 500 Index Fund Class I (SPIIX). The values are adjusted to include any dividend payments, if applicable.

CAVAX vs. SPIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund	-5.19%	15.45%	16.72%	21.33%	-18.51%	20.57%	17.33%	26.63%	-10.24%	23.69%
SPIIX SEI S&P 500 Index Fund Class I	-7.22%	16.97%	24.11%	25.49%	-18.84%	28.04%	17.66%	30.72%	-5.00%	21.06%

Returns By Period

In the year-to-date period, CAVAX achieves a -5.19% return, which is significantly higher than SPIIX's -7.22% return. Over the past 10 years, CAVAX has underperformed SPIIX with an annualized return of 10.73%, while SPIIX has yielded a comparatively higher 12.99% annualized return.

CAVAX

• 1D: -0.31%
• 1M: -7.91%
• YTD: -5.19%
• 6M: -2.87%
• 1Y: 12.61%
• 3Y*: 13.17%
• 5Y*: 7.27%
• 10Y*: 10.73%

SPIIX

• 1D: -0.40%
• 1M: -7.73%
• YTD: -7.22%
• 6M: -5.00%
• 1Y: 13.56%
• 3Y*: 16.34%
• 5Y*: 10.62%
• 10Y*: 12.99%

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

CAVAX vs. SPIIX - Expense Ratio Comparison

CAVAX has a 0.86% expense ratio, which is higher than SPIIX's 0.65% expense ratio.

CAVAX

SEI Catholic Values Trust Catholic Values Equity Fund

SPIIX

SEI S&P 500 Index Fund Class I

Return for Risk

CAVAX vs. SPIIX — Risk / Return Rank

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

CAVAX

CAVAX Risk / Return Rank: 36
CAVAX Sharpe Ratio Rank: 34
CAVAX Sortino Ratio Rank: 35
CAVAX Omega Ratio Rank: 36
CAVAX Calmar Ratio Rank: 33
CAVAX Martin Ratio Rank: 43

SPIIX

SPIIX Risk / Return Rank: 40
SPIIX Sharpe Ratio Rank: 35
SPIIX Sortino Ratio Rank: 38
SPIIX Omega Ratio Rank: 43
SPIIX Calmar Ratio Rank: 37
SPIIX Martin Ratio Rank: 48

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. SPIIX - 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 S&P 500 Index Fund Class I (SPIIX). 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	SPIIX	Difference
Sharpe ratio Return per unit of total volatility	0.76	0.79	-0.03
Sortino ratio Return per unit of downside risk	1.18	1.23	-0.05
Omega ratio Gain probability vs. loss probability	1.17	1.19	-0.02
Calmar ratio Return relative to maximum drawdown	0.90	0.98	-0.08
Martin ratio Return relative to average drawdown	4.36	4.73	-0.38
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. SPIIX - Sharpe Ratio Comparison

The current CAVAX Sharpe Ratio is 0.76, which is comparable to the SPIIX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of CAVAX and SPIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CAVAX	SPIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.79	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.58	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.69	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.53	+0.08

Correlation

The correlation between CAVAX and SPIIX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CAVAX vs. SPIIX - Dividend Comparison

CAVAX's dividend yield for the trailing twelve months is around 7.10%, less than SPIIX's 9.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund	7.10%	6.73%	7.01%	1.29%	3.67%	16.58%	2.98%	2.80%	5.66%	0.71%	0.99%	0.00%
SPIIX SEI S&P 500 Index Fund Class I	9.08%	8.42%	12.20%	4.10%	10.27%	7.03%	5.78%	4.04%	3.90%	2.08%	4.34%	1.53%

Drawdowns

CAVAX vs. SPIIX - Drawdown Comparison

The maximum CAVAX drawdown since its inception was -36.55%, smaller than the maximum SPIIX drawdown of -55.78%. Use the drawdown chart below to compare losses from any high point for CAVAX and SPIIX.

Drawdown Indicators

	CAVAX	SPIIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.55%	-55.78%	+19.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.26%	-12.14%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-26.51%	-25.70%	-0.81%
Max Drawdown (10Y) Largest decline over 10 years	-36.55%	-33.85%	-2.70%
Current Drawdown Current decline from peak	-8.49%	-9.02%	+0.53%
Average Drawdown Average peak-to-trough decline	-5.13%	-7.33%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.52%	+0.02%

Volatility

CAVAX vs. SPIIX - Volatility Comparison

SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) and SEI S&P 500 Index Fund Class I (SPIIX) have volatilities of 4.25% and 4.24%, 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

	CAVAX	SPIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.24%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	9.09%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	18.13%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	18.41%	-2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.37%	18.84%	-1.47%