SECPX vs. CUTAX
Compare and contrast key facts about SEI Daily Income Ultra Short Duration Bond Fund (SECPX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX).
SECPX is managed by SEI. It was launched on Sep 28, 1993. CUTAX is managed by Six Circles. It was launched on Jul 8, 2018.
Performance
SECPX vs. CUTAX - Performance Comparison
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SECPX vs. CUTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SECPX SEI Daily Income Ultra Short Duration Bond Fund | 0.21% | 4.76% | 4.68% | 5.07% | -1.22% | -0.06% | 1.84% | 3.23% | 0.96% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 0.18% | 3.69% | 3.74% | 3.86% | -0.79% | 0.02% | 1.79% | 0.49% | -0.20% |
Returns By Period
In the year-to-date period, SECPX achieves a 0.21% return, which is significantly higher than CUTAX's 0.18% return.
SECPX
- 1D
- 0.11%
- 1M
- -0.43%
- YTD
- 0.21%
- 6M
- 1.35%
- 1Y
- 3.74%
- 3Y*
- 4.49%
- 5Y*
- 2.65%
- 10Y*
- 2.27%
CUTAX
- 1D
- -0.20%
- 1M
- -0.40%
- YTD
- 0.18%
- 6M
- 0.93%
- 1Y
- 2.94%
- 3Y*
- 3.50%
- 5Y*
- 2.10%
- 10Y*
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SECPX vs. CUTAX - Expense Ratio Comparison
SECPX has a 0.38% expense ratio, which is higher than CUTAX's 0.15% expense ratio.
Return for Risk
SECPX vs. CUTAX — Risk / Return Rank
SECPX
CUTAX
SECPX vs. CUTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Daily Income Ultra Short Duration Bond Fund (SECPX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX). 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.
| SECPX | CUTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.84 | 3.33 | -0.49 |
Sortino ratioReturn per unit of downside risk | 6.95 | 5.65 | +1.30 |
Omega ratioGain probability vs. loss probability | 2.36 | 2.40 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 7.96 | 7.51 | +0.44 |
Martin ratioReturn relative to average drawdown | 32.89 | 39.18 | -6.29 |
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
| SECPX | CUTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 3.33 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.99 | 2.06 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.77 | -0.69 |
Correlation
The correlation between SECPX and CUTAX is 0.15, 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
SECPX vs. CUTAX - Dividend Comparison
SECPX's dividend yield for the trailing twelve months is around 3.78%, more than CUTAX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SECPX SEI Daily Income Ultra Short Duration Bond Fund | 3.78% | 4.21% | 3.80% | 3.17% | 1.05% | 0.58% | 1.49% | 2.53% | 2.14% | 1.44% | 1.00% | 1.59% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 2.91% | 3.22% | 3.47% | 2.86% | 1.14% | 0.52% | 1.38% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SECPX vs. CUTAX - Drawdown Comparison
The maximum SECPX drawdown since its inception was -11.64%, which is greater than CUTAX's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for SECPX and CUTAX.
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Drawdown Indicators
| SECPX | CUTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.64% | -1.79% | -9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.53% | -0.40% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -2.64% | -1.79% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -4.47% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.40% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -0.22% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 0.08% | +0.05% |
Volatility
SECPX vs. CUTAX - Volatility Comparison
The current volatility for SEI Daily Income Ultra Short Duration Bond Fund (SECPX) is 0.29%, while Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) has a volatility of 0.38%. This indicates that SECPX experiences smaller price fluctuations and is considered to be less risky than CUTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SECPX | CUTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.38% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 0.63% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 0.89% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 1.03% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.24% | 0.93% | +0.31% |