SAVYX vs. SEATX
SAVYX (Virtus Newfleet Core Plus Bond Fund) and SEATX (SEI Tax Exempt Trust Tax-Advantaged Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, SAVYX returned 2.62%/yr vs 2.70%/yr for SEATX. At a 0.46 correlation, their price movements are largely independent. SAVYX charges 0.55%/yr vs 0.86%/yr for SEATX.
Performance
SAVYX vs. SEATX - Performance Comparison
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Returns By Period
In the year-to-date period, SAVYX achieves a 1.01% return, which is significantly lower than SEATX's 2.33% return. Both investments have delivered pretty close results over the past 10 years, with SAVYX having a 2.62% annualized return and SEATX not far ahead at 2.70%.
SAVYX
- 1D
- 0.39%
- 1M
- 0.90%
- YTD
- 1.01%
- 6M
- 1.25%
- 1Y
- 5.13%
- 3Y*
- 4.78%
- 5Y*
- 0.99%
- 10Y*
- 2.62%
SEATX
- 1D
- 0.11%
- 1M
- 1.04%
- YTD
- 2.33%
- 6M
- 2.76%
- 1Y
- 5.63%
- 3Y*
- 4.56%
- 5Y*
- 0.37%
- 10Y*
- 2.70%
SAVYX vs. SEATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAVYX Virtus Newfleet Core Plus Bond Fund | 1.01% | 7.28% | 2.55% | 6.65% | -11.94% | -0.60% | 7.58% | 10.86% | -1.48% | 5.76% |
SEATX SEI Tax Exempt Trust Tax-Advantaged Income Fund | 2.33% | 2.12% | 5.75% | 5.57% | -13.10% | 4.00% | 6.20% | 10.58% | 0.56% | 8.54% |
Correlation
The correlation between SAVYX and SEATX is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.46 |
Over the past year, SAVYX and SEATX have become more correlated (0.72) than their long-term average of 0.46, meaning their price movements have been converging.
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Return for Risk
SAVYX vs. SEATX — Risk / Return Rank
SAVYX
SEATX
SAVYX vs. SEATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Core Plus Bond Fund (SAVYX) 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.
| SAVYX | SEATX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.96 | -0.07 |
| Martin ratioReturn relative to average drawdown | 5.83 | 7.28 | -1.45 |
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Drawdowns
SAVYX vs. SEATX - Drawdown Comparison
The maximum SAVYX drawdown since its inception was -16.46%, smaller than the maximum SEATX drawdown of -28.46%. Use the drawdown chart below to compare losses from any high point for SAVYX and SEATX.
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Drawdown Indicators
| SAVYX | SEATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -28.46% | +12.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.84% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.79% | -6.80% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -17.71% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | -17.71% | +1.25% |
Current DrawdownCurrent decline from peak | -0.73% | 0.00% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -3.48% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.76% | +0.14% |
Volatility
SAVYX vs. SEATX - Volatility Comparison
Virtus Newfleet Core Plus Bond Fund (SAVYX) has a higher volatility of 1.12% compared to SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX) at 0.82%. This indicates that SAVYX's price experiences larger fluctuations and is considered to be riskier than SEATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAVYX | SEATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.82% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.27% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 3.02% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 4.29% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.31% | 4.56% | -0.25% |
SAVYX vs. SEATX - Expense Ratio Comparison
SAVYX has a 0.55% expense ratio, which is lower than SEATX's 0.86% expense ratio.
Dividends
SAVYX vs. SEATX - Dividend Comparison
SAVYX's dividend yield for the trailing twelve months is around 4.92%, more than SEATX's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAVYX Virtus Newfleet Core Plus Bond Fund | 4.92% | 5.03% | 4.42% | 4.00% | 3.10% | 3.11% | 2.62% | 3.23% | 3.67% | 3.47% | 3.19% | 3.50% |
SEATX SEI Tax Exempt Trust Tax-Advantaged Income Fund | 4.68% | 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
SAVYX and SEATX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAVYX has higher volatility (1.12%) compared to SEATX (0.82%). In terms of maximum drawdown, SAVYX dropped -16.46% vs SEATX's -28.46%.
SEATX currently has the higher Sharpe Ratio (1.84 vs 1.46), 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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