HHDVX vs. TMMAX
HHDVX (Hamlin High Dividend Equity Fund) and TMMAX (SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund) are both Large Cap Value Equities funds. Over the past 10 years, HHDVX returned 11.97%/yr vs 9.84%/yr for TMMAX. Their correlation of 0.83 suggests significant overlap in exposure. HHDVX charges 1.15%/yr vs 1.00%/yr for TMMAX.
Performance
HHDVX vs. TMMAX - Performance Comparison
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Returns By Period
In the year-to-date period, HHDVX achieves a 11.41% return, which is significantly higher than TMMAX's 1.88% return. Over the past 10 years, HHDVX has outperformed TMMAX with an annualized return of 11.97%, while TMMAX has yielded a comparatively lower 9.84% annualized return.
HHDVX
- 1D
- 0.33%
- 1M
- 1.44%
- YTD
- 11.41%
- 6M
- 10.24%
- 1Y
- 17.53%
- 3Y*
- 17.87%
- 5Y*
- 12.20%
- 10Y*
- 11.97%
TMMAX
- 1D
- -0.26%
- 1M
- -3.35%
- YTD
- 1.88%
- 6M
- 1.20%
- 1Y
- 7.24%
- 3Y*
- 11.54%
- 5Y*
- 9.25%
- 10Y*
- 9.84%
HHDVX vs. TMMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HHDVX Hamlin High Dividend Equity Fund | 11.41% | 7.83% | 23.92% | 13.34% | -4.85% | 30.88% | 4.39% | 21.84% | -7.91% | 13.55% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 1.88% | 11.03% | 17.07% | 7.32% | -3.11% | 24.10% | 1.32% | 24.00% | -2.84% | 15.19% |
Correlation
The correlation between HHDVX and TMMAX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012 | 0.83 |
The correlation between HHDVX and TMMAX shifts across timeframes, from 0.69 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HHDVX vs. TMMAX — Risk / Return Rank
HHDVX
TMMAX
HHDVX vs. TMMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamlin High Dividend Equity Fund (HHDVX) and SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX). 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.
| HHDVX | TMMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.43 | +1.09 |
| Martin ratioReturn relative to average drawdown | 8.05 | 4.88 | +3.17 |
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Drawdowns
HHDVX vs. TMMAX - Drawdown Comparison
The maximum HHDVX drawdown since its inception was -36.13%, smaller than the maximum TMMAX drawdown of -41.50%. Use the drawdown chart below to compare losses from any high point for HHDVX and TMMAX.
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Drawdown Indicators
| HHDVX | TMMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -41.50% | +5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -5.78% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -23.00% | +8.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -23.00% | +6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -36.13% | -33.41% | -2.72% |
Current DrawdownCurrent decline from peak | 0.00% | -9.14% | +9.14% |
Average DrawdownAverage peak-to-trough decline | -3.62% | -5.57% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.69% | +0.58% |
Volatility
HHDVX vs. TMMAX - Volatility Comparison
Hamlin High Dividend Equity Fund (HHDVX) has a higher volatility of 2.81% compared to SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) at 2.57%. This indicates that HHDVX's price experiences larger fluctuations and is considered to be riskier than TMMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHDVX | TMMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 2.57% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 6.11% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 8.36% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 19.07% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 17.82% | -1.30% |
HHDVX vs. TMMAX - Expense Ratio Comparison
HHDVX has a 1.15% expense ratio, which is higher than TMMAX's 1.00% expense ratio.
Dividends
HHDVX vs. TMMAX - Dividend Comparison
HHDVX's dividend yield for the trailing twelve months is around 3.84%, less than TMMAX's 24.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHDVX Hamlin High Dividend Equity Fund | 3.84% | 4.28% | 9.40% | 1.84% | 2.88% | 4.11% | 2.99% | 2.52% | 8.93% | 1.76% | 2.36% | 2.57% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 24.83% | 25.19% | 23.39% | 15.23% | 6.54% | 4.73% | 2.15% | 3.67% | 4.91% | 4.10% | 4.17% | 5.57% |
Frequently Asked Questions
HHDVX and TMMAX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HHDVX has higher volatility (2.81%) compared to TMMAX (2.57%). In terms of maximum drawdown, HHDVX dropped -36.13% vs TMMAX's -41.50%.
HHDVX currently has the higher Sharpe Ratio (1.78 vs 0.99), 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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