SECIX vs. TMMAX
SECIX (Guggenheim Large Cap Value Fund) and TMMAX (SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund) are both mutual funds - SECIX is a Large Cap Value Equities fund managed by Guggenheim, while TMMAX is a Low Volatility fund managed by BlackRock. Over the past 10 years, SECIX returned 9.48%/yr vs 9.93%/yr for TMMAX. Their correlation of 0.85 means they have usually moved in the same direction. SECIX charges 1.15%/yr vs 1.00%/yr for TMMAX.
Performance
SECIX vs. TMMAX - Performance Comparison
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Returns By Period
In the year-to-date period, SECIX achieves a 7.84% return, which is significantly lower than TMMAX's 8.33% return. Both investments have delivered pretty close results over the past 10 years, with SECIX having a 9.48% annualized return and TMMAX not far ahead at 9.93%.
SECIX
- 1D
- 0.06%
- 1M
- 0.74%
- 6M
- 5.98%
- YTD
- 7.84%
- 1Y
- 19.17%
- 3Y*
- 8.72%
- 5Y*
- 7.92%
- 10Y*
- 9.48%
- ALL TIME*
- 4.54%
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 |
SECIX vs. TMMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SECIX Guggenheim Large Cap Value Fund | 7.84% | 13.92% | 3.94% | 9.03% | -1.58% | 27.12% | 2.60% | 21.44% | -10.05% | 15.33% |
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 SECIX and TMMAX is 0.72, 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. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2007 | 0.85 |
The correlation between SECIX and TMMAX shifts across timeframes, from 0.72 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SECIX vs. TMMAX — Risk / Return Rank
SECIX
TMMAX
SECIX vs. TMMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Large Cap Value Fund (SECIX) 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.
| SECIX | TMMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.22 | +0.42 |
| Martin ratioReturn relative to average drawdown | 9.76 | 7.56 | +2.20 |
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Drawdowns
SECIX vs. TMMAX - Drawdown Comparison
The maximum SECIX drawdown since its inception was -62.58%, which is greater than TMMAX's maximum drawdown of -41.50%. Use the drawdown chart below to compare losses from any high point for SECIX and TMMAX.
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Drawdown Indicators
| SECIX | TMMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.58% | -41.50% | -21.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -5.78% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -23.00% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -23.00% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -38.54% | -33.41% | -5.13% |
Current DrawdownCurrent decline from peak | -1.13% | -3.38% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -16.41% | -5.57% | -10.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.69% | +0.06% |
Volatility
SECIX vs. TMMAX - Volatility Comparison
The current volatility for Guggenheim Large Cap Value Fund (SECIX) is 2.41%, while SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) has a volatility of 3.98%. This indicates that SECIX 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
| SECIX | TMMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 3.98% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 7.18% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.17% | 8.95% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.48% | 19.13% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 17.83% | +0.72% |
SECIX vs. TMMAX - Expense Ratio Comparison
SECIX has a 1.15% expense ratio, which is higher than TMMAX's 1.00% expense ratio.
Dividends
SECIX vs. TMMAX - Dividend Comparison
SECIX's dividend yield for the trailing twelve months is around 13.50%, less than TMMAX's 23.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SECIX Guggenheim Large Cap Value Fund | 13.50% | 14.56% | 3.80% | 12.08% | 9.42% | 6.96% | 7.12% | 7.69% | 6.34% | 8.25% | 3.23% | 8.36% |
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
SECIX and TMMAX 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.
TMMAX has higher volatility (3.98%) compared to SECIX (2.41%). In terms of maximum drawdown, SECIX dropped -62.58% vs TMMAX's -41.50%.
SECIX currently has the higher Sharpe Ratio (1.68 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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