PSBMX vs. SEIM

Last updated Jun 24, 2026

PSBMX (Principal SmallCap Fund) and SEIM (SEI Enhanced US Large Cap Momentum Factor ETF) are both funds - PSBMX is a Small Cap Blend Equities fund managed by Principal, while SEIM is a Momentum fund actively managed by SEI. Over the past 3 years, PSBMX returned 16.05%/yr vs 29.06%/yr for SEIM. A 0.80 correlation means they provide meaningful diversification when combined. PSBMX charges 1.31%/yr vs 0.15%/yr for SEIM.

Performance

PSBMX vs. SEIM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal SmallCap Fund (PSBMX) and SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSBMX achieves a 16.25% return, which is significantly lower than SEIM's 18.33% return.

PSBMX

• 1D: 0.85%
• 1M: 4.99%
• YTD: 16.25%
• 6M: 13.89%
• 1Y: 35.33%
• 3Y*: 16.05%
• 5Y*: 5.87%
• 10Y*: 11.08%

SEIM

• 1D: -2.24%
• 1M: 2.95%
• YTD: 18.33%
• 6M: 16.44%
• 1Y: 34.90%
• 3Y*: 29.06%
• 5Y*: —
• 10Y*: —

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

PSBMX vs. SEIM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PSBMX Principal SmallCap Fund	16.25%	14.58%	8.53%	15.11%	-3.00%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	18.33%	20.20%	39.12%	16.25%	-5.62%

Correlation

The correlation between PSBMX and SEIM is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.80

The correlation between PSBMX and SEIM has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

Return for Risk

PSBMX vs. SEIM — Risk / Return Rank

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

PSBMX

PSBMX Risk / Return Rank: 59
PSBMX Sharpe Ratio Rank: 57
PSBMX Sortino Ratio Rank: 53
PSBMX Omega Ratio Rank: 49
PSBMX Calmar Ratio Rank: 69
PSBMX Martin Ratio Rank: 65

SEIM

SEIM Risk / Return Rank: 68
SEIM Sharpe Ratio Rank: 65
SEIM Sortino Ratio Rank: 62
SEIM Omega Ratio Rank: 62
SEIM Calmar Ratio Rank: 72
SEIM Martin Ratio Rank: 80

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.

PSBMX vs. SEIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal SmallCap Fund (PSBMX) and SEI Enhanced US Large Cap Momentum Factor ETF (SEIM). 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.

	PSBMX	SEIM	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.01	+0.03
Sortino ratio: Return per unit of downside risk	2.83	2.72	+0.10
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	3.05	3.48	-0.43
Martin ratio: Return relative to average drawdown	11.97	14.90	-2.92

PSBMX vs. SEIM - Sharpe Ratio Comparison

The current PSBMX Sharpe Ratio is 2.04, which is comparable to the SEIM Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of PSBMX and SEIM, 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

PSBMX vs. SEIM - Drawdown Comparison

The maximum PSBMX drawdown since its inception was -60.15%, which is greater than SEIM's maximum drawdown of -22.17%. Use the drawdown chart below to compare losses from any high point for PSBMX and SEIM.

Drawdown Indicators

	PSBMX	SEIM	Difference
Max Drawdown Largest peak-to-trough decline	-60.15%	-22.17%	-37.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.10%	-10.07%	-2.03%
Max Drawdown (3Y) Largest decline over 3 years	-25.13%	-22.17%	-2.96%
Max Drawdown (5Y) Largest decline over 5 years	-31.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.04%	—	—
Current Drawdown Current decline from peak	0.00%	-2.24%	+2.24%
Average Drawdown Average peak-to-trough decline	-10.76%	-3.97%	-6.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.35%	+0.73%

Volatility

PSBMX vs. SEIM - Volatility Comparison

The current volatility for Principal SmallCap Fund (PSBMX) is 5.46%, while SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) has a volatility of 7.15%. This indicates that PSBMX experiences smaller price fluctuations and is considered to be less risky than SEIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSBMX	SEIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	7.15%	-1.69%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	14.49%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	17.45%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.09%	19.09%	+3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.41%	19.09%	+3.32%

PSBMX vs. SEIM - Expense Ratio Comparison

PSBMX has a 1.31% expense ratio, which is higher than SEIM's 0.15% expense ratio.

Dividends

PSBMX vs. SEIM - Dividend Comparison

PSBMX's dividend yield for the trailing twelve months is around 4.80%, more than SEIM's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSBMX Principal SmallCap Fund	4.80%	5.58%	3.66%	2.91%	0.00%	7.82%	2.28%	5.83%	16.72%	8.65%	2.29%	3.80%
SEIM SEI Enhanced US Large Cap Momentum Factor ETF	0.52%	0.56%	0.48%	0.89%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSBMX and SEIM in my portfolio?

PSBMX and SEIM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSBMX or SEIM?

SEIM has higher volatility (7.15%) compared to PSBMX (5.46%). In terms of maximum drawdown, PSBMX dropped -60.15% vs SEIM's -22.17%.

Which has better risk-adjusted returns?

PSBMX currently has the higher Sharpe Ratio (2.04 vs 2.01), 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.