SEIM vs. GARP
Compare and contrast key facts about SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) and iShares MSCI USA Quality GARP ETF (GARP).
SEIM and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SEIM is an actively managed fund by SEI. It was launched on May 16, 2022. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SEIM or GARP.
Key characteristics
| SEIM | GARP | |
|---|---|---|
| YTD Return | 25.21% | 25.70% |
| 1Y Return | 36.04% | 40.87% |
| Sharpe Ratio | 2.33 | 2.28 |
| Daily Std Dev | 15.34% | 17.87% |
| Max Drawdown | -14.14% | -31.34% |
| Current Drawdown | -0.34% | -5.08% |
Correlation
The correlation between SEIM and GARP is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SEIM vs. GARP - Performance Comparison
The year-to-date returns for both investments are quite close, with SEIM having a 25.21% return and GARP slightly higher at 25.70%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SEIM vs. GARP - Expense Ratio Comparison
Both SEIM and GARP have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SEIM vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) and iShares MSCI USA Quality GARP ETF (GARP). 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.
Dividends
SEIM vs. GARP - Dividend Comparison
SEIM's dividend yield for the trailing twelve months is around 0.47%, more than GARP's 0.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
SEIM SEI Enhanced US Large Cap Momentum Factor ETF | 0.47% | 0.89% | 1.01% | 0.00% | 0.00% |
GARP iShares MSCI USA Quality GARP ETF | 0.37% | 0.75% | 1.85% | 0.67% | 0.75% |
Drawdowns
SEIM vs. GARP - Drawdown Comparison
The maximum SEIM drawdown since its inception was -14.14%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SEIM and GARP. For additional features, visit the drawdowns tool.
Volatility
SEIM vs. GARP - Volatility Comparison
The current volatility for SEI Enhanced US Large Cap Momentum Factor ETF (SEIM) is 5.00%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 6.00%. This indicates that SEIM experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.