SEATX vs. SPIIX
Compare and contrast key facts about SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX) and SEI S&P 500 Index Fund Class I (SPIIX).
SEATX is managed by SEI. It was launched on Sep 4, 2007. SPIIX is a passively managed fund by SEI that tracks the performance of the S&P 500 Index. It was launched on Jun 28, 2002.
Performance
SEATX vs. SPIIX - Performance Comparison
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SEATX vs. SPIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEATX SEI Tax Exempt Trust Tax-Advantaged Income Fund | -0.47% | 2.12% | 5.75% | 5.57% | -13.10% | 4.00% | 6.20% | 10.58% | 0.56% | 8.54% |
SPIIX SEI S&P 500 Index Fund Class I | -7.22% | 16.97% | 24.11% | 25.49% | -18.84% | 28.04% | 17.66% | 30.72% | -5.00% | 21.06% |
Returns By Period
In the year-to-date period, SEATX achieves a -0.47% return, which is significantly higher than SPIIX's -7.22% return. Over the past 10 years, SEATX has underperformed SPIIX with an annualized return of 2.77%, while SPIIX has yielded a comparatively higher 12.99% annualized return.
SEATX
- 1D
- 0.22%
- 1M
- -2.62%
- YTD
- -0.47%
- 6M
- 0.21%
- 1Y
- 1.38%
- 3Y*
- 3.83%
- 5Y*
- 0.39%
- 10Y*
- 2.77%
SPIIX
- 1D
- -0.40%
- 1M
- -7.73%
- YTD
- -7.22%
- 6M
- -5.00%
- 1Y
- 13.56%
- 3Y*
- 16.34%
- 5Y*
- 10.62%
- 10Y*
- 12.99%
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SEATX vs. SPIIX - Expense Ratio Comparison
SEATX has a 0.86% expense ratio, which is higher than SPIIX's 0.65% expense ratio.
Return for Risk
SEATX vs. SPIIX — Risk / Return Rank
SEATX
SPIIX
SEATX vs. SPIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX) and SEI S&P 500 Index Fund Class I (SPIIX). 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.
| SEATX | SPIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 0.79 | -0.42 |
Sortino ratioReturn per unit of downside risk | 0.51 | 1.23 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.98 | -0.56 |
Martin ratioReturn relative to average drawdown | 1.26 | 4.73 | -3.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SEATX | SPIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.79 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.58 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.69 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.53 | +0.29 |
Correlation
The correlation between SEATX and SPIIX is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SEATX vs. SPIIX - Dividend Comparison
SEATX's dividend yield for the trailing twelve months is around 4.17%, less than SPIIX's 9.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEATX SEI Tax Exempt Trust Tax-Advantaged Income Fund | 4.17% | 4.52% | 4.63% | 3.38% | 3.16% | 3.37% | 4.28% | 5.63% | 4.76% | 4.65% | 4.10% | 4.25% |
SPIIX SEI S&P 500 Index Fund Class I | 9.08% | 8.42% | 12.20% | 4.10% | 10.27% | 7.03% | 5.78% | 4.04% | 3.90% | 2.08% | 4.34% | 1.53% |
Drawdowns
SEATX vs. SPIIX - Drawdown Comparison
The maximum SEATX drawdown since its inception was -28.46%, smaller than the maximum SPIIX drawdown of -55.78%. Use the drawdown chart below to compare losses from any high point for SEATX and SPIIX.
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Drawdown Indicators
| SEATX | SPIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.46% | -55.78% | +27.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.65% | -12.14% | +7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -25.70% | +7.99% |
Max Drawdown (10Y)Largest decline over 10 years | -17.71% | -33.85% | +16.14% |
Current DrawdownCurrent decline from peak | -2.62% | -9.02% | +6.40% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -7.33% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 2.52% | -0.96% |
Volatility
SEATX vs. SPIIX - Volatility Comparison
The current volatility for SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX) is 1.08%, while SEI S&P 500 Index Fund Class I (SPIIX) has a volatility of 4.24%. This indicates that SEATX experiences smaller price fluctuations and is considered to be less risky than SPIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEATX | SPIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 4.24% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 9.09% | -7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 18.13% | -13.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.24% | 18.41% | -14.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 18.84% | -14.30% |