SEIMX vs. SECPX
Compare and contrast key facts about SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) and SEI Daily Income Ultra Short Duration Bond Fund (SECPX).
SEIMX is managed by SEI. It was launched on Sep 4, 1989. SECPX is managed by SEI. It was launched on Sep 28, 1993.
Performance
SEIMX vs. SECPX - Performance Comparison
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SEIMX vs. SECPX - 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% |
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% | 1.72% | 1.67% |
Returns By Period
In the year-to-date period, SEIMX achieves a -0.43% return, which is significantly lower than SECPX's 0.21% return. Over the past 10 years, SEIMX has underperformed SECPX with an annualized return of 1.83%, while SECPX has yielded a comparatively higher 2.27% 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%
SECPX
- 1D
- 0.00%
- 1M
- -0.32%
- YTD
- 0.21%
- 6M
- 1.24%
- 1Y
- 3.74%
- 3Y*
- 4.49%
- 5Y*
- 2.65%
- 10Y*
- 2.27%
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SEIMX vs. SECPX - Expense Ratio Comparison
SEIMX has a 0.63% expense ratio, which is higher than SECPX's 0.38% expense ratio.
Return for Risk
SEIMX vs. SECPX — Risk / Return Rank
SEIMX
SECPX
SEIMX vs. SECPX - 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 Daily Income Ultra Short Duration Bond Fund (SECPX). 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 | SECPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 2.65 | -1.63 |
Sortino ratioReturn per unit of downside risk | 1.35 | 6.31 | -4.95 |
Omega ratioGain probability vs. loss probability | 1.29 | 2.23 | -0.94 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 7.75 | -6.53 |
Martin ratioReturn relative to average drawdown | 4.49 | 31.35 | -26.86 |
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 | SECPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 2.65 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.99 | -1.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 1.84 | -1.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 1.08 | +0.30 |
Correlation
The correlation between SEIMX and SECPX is 0.33, 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
SEIMX vs. SECPX - Dividend Comparison
SEIMX's dividend yield for the trailing twelve months is around 3.00%, less than SECPX's 3.78% 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% |
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% |
Drawdowns
SEIMX vs. SECPX - Drawdown Comparison
The maximum SEIMX drawdown since its inception was -13.27%, which is greater than SECPX's maximum drawdown of -11.64%. Use the drawdown chart below to compare losses from any high point for SEIMX and SECPX.
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Drawdown Indicators
| SEIMX | SECPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -11.64% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.88% | -0.53% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -13.27% | -2.64% | -10.63% |
Max Drawdown (10Y)Largest decline over 10 years | -13.27% | -4.47% | -8.80% |
Current DrawdownCurrent decline from peak | -2.47% | -0.43% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -0.55% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.13% | +0.92% |
Volatility
SEIMX vs. SECPX - Volatility Comparison
SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) has a higher volatility of 1.03% compared to SEI Daily Income Ultra Short Duration Bond Fund (SECPX) at 0.28%. This indicates that SEIMX's price experiences larger fluctuations and is considered to be riskier than SECPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEIMX | SECPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.28% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 1.00% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 1.46% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 1.34% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 1.24% | +2.39% |