CMPIX vs. TRLVX

Last updated Jun 4, 2026

CMPIX (Principal Core Fixed Income) and TRLVX (SEI Institutional Managed Trust Core Fixed Income Fund) are both Intermediate Core Bond funds. Over the past 10 years, CMPIX returned 1.68%/yr vs 1.55%/yr for TRLVX. Their correlation of 0.92 suggests significant overlap in exposure. CMPIX charges 0.74%/yr vs 0.66%/yr for TRLVX.

Performance

CMPIX vs. TRLVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Core Fixed Income (CMPIX) 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, CMPIX achieves a 0.26% return, which is significantly higher than TRLVX's 0.16% return. Over the past 10 years, CMPIX has outperformed TRLVX with an annualized return of 1.68%, while TRLVX has yielded a comparatively lower 1.55% annualized return.

CMPIX

• 1D: 0.00%
• 1M: 0.53%
• YTD: 0.26%
• 6M: 0.10%
• 1Y: 5.06%
• 3Y*: 3.68%
• 5Y*: -0.19%
• 10Y*: 1.68%

TRLVX

• 1D: 0.00%
• 1M: 0.43%
• YTD: 0.16%
• 6M: -0.03%
• 1Y: 5.02%
• 3Y*: 3.77%
• 5Y*: -0.50%
• 10Y*: 1.55%

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

CMPIX vs. TRLVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMPIX Principal Core Fixed Income	0.26%	6.76%	1.26%	4.89%	-13.34%	-2.03%	7.84%	8.59%	-0.24%	4.16%
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund	0.16%	7.06%	0.83%	5.92%	-15.66%	-1.63%	9.04%	9.25%	-0.47%	4.15%

Correlation

The correlation between CMPIX 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	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 21, 1996	0.92

The correlation between CMPIX and TRLVX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

CMPIX vs. TRLVX — Risk / Return Rank

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

CMPIX

CMPIX Risk / Return Rank: 20
CMPIX Sharpe Ratio Rank: 20
CMPIX Sortino Ratio Rank: 20
CMPIX Omega Ratio Rank: 20
CMPIX Calmar Ratio Rank: 21
CMPIX Martin Ratio Rank: 19

TRLVX

TRLVX Risk / Return Rank: 18
TRLVX Sharpe Ratio Rank: 18
TRLVX Sortino Ratio Rank: 19
TRLVX Omega Ratio Rank: 17
TRLVX Calmar Ratio Rank: 18
TRLVX Martin Ratio Rank: 17

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.

CMPIX vs. TRLVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Core Fixed Income (CMPIX) 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.

	CMPIX	TRLVX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.22	+0.06
Sortino ratio: Return per unit of downside risk	1.89	1.83	+0.06
Omega ratio: Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	1.71	1.53	+0.18
Martin ratio: Return relative to average drawdown	5.17	4.62	+0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMPIX vs. TRLVX - Sharpe Ratio Comparison

The current CMPIX Sharpe Ratio is 1.29, which is comparable to the TRLVX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of CMPIX 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.

Sharpe Ratios by Period

	CMPIX	TRLVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.22	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	-0.08	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.30	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.02	-0.04

Drawdowns

CMPIX vs. TRLVX - Drawdown Comparison

The maximum CMPIX drawdown since its inception was -18.80%, smaller than the maximum TRLVX drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for CMPIX and TRLVX.

Drawdown Indicators

	CMPIX	TRLVX	Difference
Max Drawdown Largest peak-to-trough decline	-18.80%	-20.98%	+2.18%
Max Drawdown (1Y) Largest decline over 1 year	-2.97%	-3.29%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-6.58%	-6.90%	+0.32%
Max Drawdown (5Y) Largest decline over 5 years	-18.51%	-20.68%	+2.17%
Max Drawdown (10Y) Largest decline over 10 years	-18.80%	-20.98%	+2.18%
Current Drawdown Current decline from peak	-3.49%	-4.98%	+1.49%
Average Drawdown Average peak-to-trough decline	-2.48%	-2.48%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	1.09%	-0.11%

Volatility

CMPIX vs. TRLVX - Volatility Comparison

Principal Core Fixed Income (CMPIX) and SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX) have volatilities of 1.42% and 1.46%, 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

	CMPIX	TRLVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	1.46%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	2.99%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	3.96%	4.14%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.81%	6.38%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	5.24%	-0.42%

CMPIX vs. TRLVX - Expense Ratio Comparison

CMPIX has a 0.74% expense ratio, which is higher than TRLVX's 0.66% expense ratio.

Dividends

CMPIX vs. TRLVX - Dividend Comparison

CMPIX's dividend yield for the trailing twelve months is around 3.43%, less than TRLVX's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMPIX Principal Core Fixed Income	3.43%	3.35%	3.27%	2.37%	2.10%	1.94%	2.11%	2.71%	3.19%	2.91%	3.17%	3.29%
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund	3.66%	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 CMPIX and TRLVX in my portfolio?

With a correlation of 0.95, CMPIX 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, CMPIX or TRLVX?

TRLVX has higher volatility (1.46%) compared to CMPIX (1.42%). In terms of maximum drawdown, CMPIX dropped -18.80% vs TRLVX's -20.98%.

Which has better risk-adjusted returns?

CMPIX currently has the higher Sharpe Ratio (1.29 vs 1.22), 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.