SEIMX vs. SBDAX
Compare and contrast key facts about SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) and SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX).
SEIMX is managed by SEI. It was launched on Sep 4, 1989. SBDAX is managed by SEI. It was launched on Aug 18, 1998.
Performance
SEIMX vs. SBDAX - Performance Comparison
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SEIMX vs. SBDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEIMX SEI Tax Exempt Trust Intermediate-Term Municipal Fund | -0.43% | 5.10% | 1.52% | 5.02% | -8.87% | 1.39% | 4.87% | 7.17% | 0.70% | 4.62% |
SBDAX SEI Tax Exempt Trust California Municipal Bond Fund | -1.09% | 5.70% | 0.02% | 4.02% | -7.30% | -0.55% | 3.76% | 5.90% | 0.87% | 3.74% |
Returns By Period
In the year-to-date period, SEIMX achieves a -0.43% return, which is significantly higher than SBDAX's -1.09% return. Over the past 10 years, SEIMX has outperformed SBDAX with an annualized return of 1.83%, while SBDAX has yielded a comparatively lower 1.15% annualized return.
SEIMX
- 1D
- 0.27%
- 1M
- -2.30%
- YTD
- -0.43%
- 6M
- 0.79%
- 1Y
- 3.62%
- 3Y*
- 2.94%
- 5Y*
- 0.67%
- 10Y*
- 1.83%
SBDAX
- 1D
- 0.20%
- 1M
- -2.84%
- YTD
- -1.09%
- 6M
- 0.23%
- 1Y
- 3.91%
- 3Y*
- 2.12%
- 5Y*
- 0.24%
- 10Y*
- 1.15%
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SEIMX vs. SBDAX - Expense Ratio Comparison
SEIMX has a 0.63% expense ratio, which is higher than SBDAX's 0.60% expense ratio.
Return for Risk
SEIMX vs. SBDAX — Risk / Return Rank
SEIMX
SBDAX
SEIMX vs. SBDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) and SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX). 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.
| SEIMX | SBDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.14 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.47 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.27 | -0.05 |
Martin ratioReturn relative to average drawdown | 4.49 | 4.41 | +0.08 |
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
| SEIMX | SBDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.14 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.08 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.33 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 0.97 | +0.41 |
Correlation
The correlation between SEIMX and SBDAX is 0.87, 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.
Dividends
SEIMX vs. SBDAX - Dividend Comparison
SEIMX's dividend yield for the trailing twelve months is around 3.00%, more than SBDAX's 2.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEIMX SEI Tax Exempt Trust Intermediate-Term Municipal Fund | 3.00% | 3.93% | 2.60% | 2.13% | 1.79% | 2.13% | 2.39% | 2.71% | 2.60% | 2.43% | 2.49% | 2.51% |
SBDAX SEI Tax Exempt Trust California Municipal Bond Fund | 2.16% | 2.74% | 1.78% | 1.26% | 1.38% | 1.35% | 1.87% | 2.21% | 1.98% | 1.99% | 2.23% | 2.79% |
Drawdowns
SEIMX vs. SBDAX - Drawdown Comparison
The maximum SEIMX drawdown since its inception was -13.27%, which is greater than SBDAX's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for SEIMX and SBDAX.
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Drawdown Indicators
| SEIMX | SBDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -11.86% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.88% | -3.74% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -13.27% | -11.86% | -1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -13.27% | -11.86% | -1.41% |
Current DrawdownCurrent decline from peak | -2.47% | -3.12% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -1.86% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.08% | -0.03% |
Volatility
SEIMX vs. SBDAX - Volatility Comparison
The current volatility for SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) is 1.03%, while SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX) has a volatility of 1.17%. This indicates that SEIMX experiences smaller price fluctuations and is considered to be less risky than SBDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEIMX | SBDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.17% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 1.66% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 3.75% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 3.16% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 3.55% | +0.08% |