CTRIX vs. SEATX

Last updated Aug 4, 2026

CTRIX (Calamos Total Return Bond Fund) and SEATX (SEI Tax Exempt Trust Tax-Advantaged Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, CTRIX returned 1.27%/yr vs 2.49%/yr for SEATX. Their 0.43 correlation means their historical movements had little consistent relationship. CTRIX charges 0.65%/yr vs 0.86%/yr for SEATX.

Performance

CTRIX vs. SEATX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Total Return Bond Fund (CTRIX) and SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTRIX achieves a -1.19% return, which is significantly lower than SEATX's 1.08% return. Over the past 10 years, CTRIX has underperformed SEATX with an annualized return of 1.27%, while SEATX has yielded a comparatively higher 2.49% annualized return.

CTRIX

• 1D: -0.22%
• 1M: -1.44%
• 6M: -1.26%
• YTD: -1.19%
• 1Y: 1.32%
• 3Y*: 3.50%
• 5Y*: -0.61%
• 10Y*: 1.27%
• ALL TIME*: 2.02%

SEATX

• 1D: -0.11%
• 1M: -2.20%
• 6M: 0.34%
• YTD: 1.08%
• 1Y: 4.02%
• 3Y*: 3.83%
• 5Y*: -0.13%
• 10Y*: 2.49%
• ALL TIME*: 4.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CTRIX Calamos Total Return Bond Fund	$0.00	$0.00	$0.00
SEATX SEI Tax Exempt Trust Tax-Advantaged Income Fund	$0.00	$0.00	$0.00

CTRIX vs. SEATX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CTRIX Calamos Total Return Bond Fund	-1.19%	7.31%	1.49%	4.78%	-12.91%	-1.27%	6.97%	9.24%	-1.10%	3.32%
SEATX SEI Tax Exempt Trust Tax-Advantaged Income Fund	1.08%	2.12%	5.75%	5.57%	-13.10%	4.00%	6.20%	10.58%	0.56%	8.54%

Correlation

The correlation between CTRIX and SEATX is 0.65, 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.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (10Y) Provides a long-term view across more market conditions.	0.54
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.43

Over the past year, CTRIX and SEATX have become more correlated (0.65) than their long-term average of 0.43, meaning their price movements have been converging.

Return for Risk

CTRIX vs. SEATX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CTRIX

CTRIX Risk / Return Rank: 13
CTRIX Sharpe Ratio Rank: 13
CTRIX Sortino Ratio Rank: 12
CTRIX Omega Ratio Rank: 12
CTRIX Calmar Ratio Rank: 14
CTRIX Martin Ratio Rank: 13

SEATX

SEATX Risk / Return Rank: 50
SEATX Sharpe Ratio Rank: 51
SEATX Sortino Ratio Rank: 59
SEATX Omega Ratio Rank: 70
SEATX Calmar Ratio Rank: 35
SEATX Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CTRIX vs. SEATX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Total Return Bond Fund (CTRIX) and SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX). 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.

	CTRIX	SEATX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.48	-0.90
Sortino ratio: Return per unit of downside risk	0.85	2.26	-1.42
Omega ratio: Gain probability vs. loss probability	1.10	1.32	-0.22
Calmar ratio: Return relative to maximum drawdown	0.76	1.60	-0.84
Martin ratio: Return relative to average drawdown	1.89	5.63	-3.75

CTRIX vs. SEATX - Sharpe Ratio Comparison

The current CTRIX Sharpe Ratio is 0.57, which is lower than the SEATX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of CTRIX and SEATX, 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

CTRIX vs. SEATX - Drawdown Comparison

The maximum CTRIX drawdown since its inception was -17.84%, smaller than the maximum SEATX drawdown of -28.46%. Use the drawdown chart below to compare losses from any high point for CTRIX and SEATX.

Drawdown Indicators

	CTRIX	SEATX	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-28.46%	+10.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.79%	-2.84%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-5.35%	-6.18%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-17.76%	-17.71%	-0.05%
Max Drawdown (10Y) Largest decline over 10 years	-17.84%	-17.71%	-0.13%
Current Drawdown Current decline from peak	-3.18%	-2.20%	-0.98%
Average Drawdown Average peak-to-trough decline	-3.03%	-3.47%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	0.80%	+0.32%

Volatility

CTRIX vs. SEATX - Volatility Comparison

Calamos Total Return Bond Fund (CTRIX) and SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX) have volatilities of 0.89% and 0.91%, 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

	CTRIX	SEATX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	0.91%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	2.48%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	3.69%	3.10%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.55%	4.31%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.60%	4.57%	+0.03%

CTRIX vs. SEATX - Expense Ratio Comparison

CTRIX has a 0.65% expense ratio, which is lower than SEATX's 0.86% expense ratio.

Dividends

CTRIX vs. SEATX - Dividend Comparison

CTRIX's dividend yield for the trailing twelve months is around 3.27%, less than SEATX's 4.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTRIX Calamos Total Return Bond Fund	3.27%	3.90%	3.63%	2.61%	2.71%	3.46%	2.42%	2.79%	2.89%	3.29%	2.76%	4.68%
SEATX SEI Tax Exempt Trust Tax-Advantaged Income Fund	4.45%	4.52%	4.63%	3.38%	3.16%	3.37%	4.28%	5.63%	4.76%	4.65%	4.10%	4.25%

Frequently Asked Questions

Can I hold both CTRIX and SEATX in my portfolio?

CTRIX and SEATX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTRIX or SEATX?

SEATX has higher volatility (0.91%) compared to CTRIX (0.89%). In terms of maximum drawdown, CTRIX dropped -17.84% vs SEATX's -28.46%.

Which has better risk-adjusted returns?

SEATX currently has the higher Sharpe Ratio (1.48 vs 0.57), 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.