MUBFX vs. TMMAX
MUBFX (MainStay WMC Value Fund) and TMMAX (SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund) are both mutual funds - MUBFX is a Large Cap Value Equities fund managed by New York Life, while TMMAX is a Low Volatility fund managed by BlackRock. Over the past 10 years, MUBFX returned 13.11%/yr vs 9.93%/yr for TMMAX. Their correlation of 0.88 means they have usually moved in the same direction. MUBFX charges 0.70%/yr vs 1.00%/yr for TMMAX.
Performance
MUBFX vs. TMMAX - Performance Comparison
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Returns By Period
In the year-to-date period, MUBFX achieves a 12.30% return, which is significantly higher than TMMAX's 8.33% return. Over the past 10 years, MUBFX has outperformed TMMAX with an annualized return of 13.11%, while TMMAX has yielded a comparatively lower 9.93% annualized return.
MUBFX
- 1D
- 0.50%
- 1M
- 2.06%
- 6M
- 9.18%
- YTD
- 12.30%
- 1Y
- 23.99%
- 3Y*
- 13.51%
- 5Y*
- 10.22%
- 10Y*
- 13.11%
- ALL TIME*
- 11.24%
TMMAX
- 1D
- -1.22%
- 1M
- 2.01%
- 6M
- 5.67%
- YTD
- 8.33%
- 1Y
- 13.78%
- 3Y*
- 13.06%
- 5Y*
- 9.78%
- 10Y*
- 9.93%
- ALL TIME*
- 9.46%
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 |
MUBFX vs. TMMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUBFX MainStay WMC Value Fund | 12.30% | 14.74% | 10.72% | 9.62% | -4.54% | 28.60% | 13.62% | 31.67% | -6.89% | 22.71% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 8.33% | 11.03% | 17.07% | 7.32% | -3.11% | 24.10% | 1.32% | 24.00% | -2.84% | 15.19% |
Correlation
The correlation between MUBFX and TMMAX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2007 | 0.88 |
The correlation between MUBFX and TMMAX shifts across timeframes, from 0.78 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MUBFX vs. TMMAX — Risk / Return Rank
MUBFX
TMMAX
MUBFX vs. TMMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Value Fund (MUBFX) 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.
| MUBFX | TMMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.22 | +1.01 |
| Martin ratioReturn relative to average drawdown | 12.48 | 7.56 | +4.92 |
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Drawdowns
MUBFX vs. TMMAX - Drawdown Comparison
The maximum MUBFX drawdown since its inception was -53.31%, which is greater than TMMAX's maximum drawdown of -41.50%. Use the drawdown chart below to compare losses from any high point for MUBFX and TMMAX.
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Drawdown Indicators
| MUBFX | TMMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.31% | -41.50% | -11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -5.78% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -14.19% | -23.00% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -15.61% | -23.00% | +7.39% |
Max Drawdown (10Y)Largest decline over 10 years | -39.31% | -33.41% | -5.90% |
Current DrawdownCurrent decline from peak | -0.50% | -3.38% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -5.57% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.69% | +0.05% |
Volatility
MUBFX vs. TMMAX - Volatility Comparison
The current volatility for MainStay WMC Value Fund (MUBFX) is 2.85%, while SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) has a volatility of 3.98%. This indicates that MUBFX experiences smaller price fluctuations and is considered to be less risky 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
| MUBFX | TMMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 3.98% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 7.18% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.72% | 8.95% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 19.13% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.80% | 17.83% | -0.03% |
MUBFX vs. TMMAX - Expense Ratio Comparison
MUBFX has a 0.70% expense ratio, which is lower than TMMAX's 1.00% expense ratio.
Dividends
MUBFX vs. TMMAX - Dividend Comparison
MUBFX's dividend yield for the trailing twelve months is around 6.57%, less than TMMAX's 23.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUBFX MainStay WMC Value Fund | 6.57% | 7.38% | 5.24% | 4.49% | 5.82% | 81.14% | 3.79% | 8.43% | 11.90% | 11.15% | 2.53% | 19.99% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 23.27% | 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
MUBFX and TMMAX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMMAX has higher volatility (3.98%) compared to MUBFX (2.85%). In terms of maximum drawdown, MUBFX dropped -53.31% vs TMMAX's -41.50%.
MUBFX currently has the higher Sharpe Ratio (2.01 vs 1.44), 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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