SEGMX vs. SEIMX

Last updated Jun 25, 2026

SEGMX (SEI Daily Income Trust GNMA Fund) and SEIMX (SEI Tax Exempt Trust Intermediate-Term Municipal Fund) are both mutual funds - SEGMX is a Government Bonds fund managed by SEI, while SEIMX is a Municipal Bonds fund managed by SEI. Over the past 10 years, SEGMX returned 0.83%/yr vs 1.80%/yr for SEIMX. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.63% expense ratio.

Performance

SEGMX vs. SEIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Daily Income Trust GNMA Fund (SEGMX) and SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEGMX achieves a 0.66% return, which is significantly lower than SEIMX's 1.18% return. Over the past 10 years, SEGMX has underperformed SEIMX with an annualized return of 0.83%, while SEIMX has yielded a comparatively higher 1.80% annualized return.

SEGMX

• 1D: 0.11%
• 1M: 0.64%
• YTD: 0.66%
• 6M: 0.83%
• 1Y: 4.74%
• 3Y*: 3.55%
• 5Y*: -0.11%
• 10Y*: 0.83%

SEIMX

• 1D: -0.09%
• 1M: 1.09%
• YTD: 1.18%
• 6M: 1.54%
• 1Y: 5.55%
• 3Y*: 3.53%
• 5Y*: 0.73%
• 10Y*: 1.80%

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

SEGMX vs. SEIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEGMX SEI Daily Income Trust GNMA Fund	0.66%	7.15%	0.60%	4.44%	-11.53%	-2.06%	3.77%	5.50%	0.59%	1.66%
SEIMX SEI Tax Exempt Trust Intermediate-Term Municipal Fund	1.18%	5.10%	1.52%	5.02%	-8.87%	1.39%	4.87%	7.17%	0.70%	4.62%

Correlation

The correlation between SEGMX and SEIMX is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 12, 1990	0.54

The correlation between SEGMX and SEIMX has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.

Return for Risk

SEGMX vs. SEIMX — Risk / Return Rank

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

SEGMX

SEGMX Risk / Return Rank: 28
SEGMX Sharpe Ratio Rank: 28
SEGMX Sortino Ratio Rank: 30
SEGMX Omega Ratio Rank: 28
SEGMX Calmar Ratio Rank: 28
SEGMX Martin Ratio Rank: 26

SEIMX

SEIMX Risk / Return Rank: 66
SEIMX Sharpe Ratio Rank: 85
SEIMX Sortino Ratio Rank: 89
SEIMX Omega Ratio Rank: 93
SEIMX Calmar Ratio Rank: 33
SEIMX Martin Ratio Rank: 31

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.

SEGMX vs. SEIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Daily Income Trust GNMA Fund (SEGMX) and SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX). 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.

	SEGMX	SEIMX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.50	-1.22
Sortino ratio: Return per unit of downside risk	1.93	3.89	-1.96
Omega ratio: Gain probability vs. loss probability	1.24	1.66	-0.43
Calmar ratio: Return relative to maximum drawdown	1.71	1.97	-0.26
Martin ratio: Return relative to average drawdown	5.20	6.43	-1.23

SEGMX vs. SEIMX - Sharpe Ratio Comparison

The current SEGMX Sharpe Ratio is 1.27, which is lower than the SEIMX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of SEGMX and SEIMX, 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

SEGMX vs. SEIMX - Drawdown Comparison

The maximum SEGMX drawdown since its inception was -17.59%, which is greater than SEIMX's maximum drawdown of -13.27%. Use the drawdown chart below to compare losses from any high point for SEGMX and SEIMX.

Drawdown Indicators

	SEGMX	SEIMX	Difference
Max Drawdown Largest peak-to-trough decline	-17.59%	-13.27%	-4.32%
Max Drawdown (1Y) Largest decline over 1 year	-2.98%	-2.82%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	-7.14%	-4.75%	-2.39%
Max Drawdown (5Y) Largest decline over 5 years	-16.78%	-13.27%	-3.51%
Max Drawdown (10Y) Largest decline over 10 years	-17.59%	-13.27%	-4.32%
Current Drawdown Current decline from peak	-2.01%	-0.89%	-1.12%
Average Drawdown Average peak-to-trough decline	-1.83%	-1.49%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.87%	+0.11%

Volatility

SEGMX vs. SEIMX - Volatility Comparison

SEI Daily Income Trust GNMA Fund (SEGMX) has a higher volatility of 1.28% compared to SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) at 0.67%. This indicates that SEGMX's price experiences larger fluctuations and is considered to be riskier than SEIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEGMX	SEIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	0.67%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	1.77%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	4.02%	2.23%	+1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.11%	3.26%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.65%	3.63%	+1.02%

SEGMX vs. SEIMX - Expense Ratio Comparison

Both SEGMX and SEIMX have an expense ratio of 0.63%.

Dividends

SEGMX vs. SEIMX - Dividend Comparison

SEGMX's dividend yield for the trailing twelve months is around 3.66%, more than SEIMX's 3.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEGMX SEI Daily Income Trust GNMA Fund	3.66%	3.31%	2.62%	2.29%	1.84%	1.71%	2.18%	2.71%	2.91%	2.81%	3.36%	2.75%
SEIMX SEI Tax Exempt Trust Intermediate-Term Municipal Fund	3.02%	3.93%	2.60%	2.13%	1.79%	2.13%	2.39%	2.71%	2.60%	2.43%	2.49%	2.51%

Frequently Asked Questions

Can I hold both SEGMX and SEIMX in my portfolio?

SEGMX and SEIMX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEGMX or SEIMX?

SEGMX has higher volatility (1.28%) compared to SEIMX (0.67%). In terms of maximum drawdown, SEGMX dropped -17.59% vs SEIMX's -13.27%.

Which has better risk-adjusted returns?

SEIMX currently has the higher Sharpe Ratio (2.50 vs 1.27), 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.