SEIMX vs. SEFIX

Last updated Aug 4, 2026

SEIMX (SEI Tax Exempt Trust Intermediate-Term Municipal Fund) and SEFIX (SEI Institutional International Trust International Fixed Income Fund) are both mutual funds - SEIMX is a Municipal Bonds fund managed by SEI, while SEFIX is a Global Bonds fund managed by SEI. Over the past 10 years, SEIMX returned 1.67%/yr vs 10.27%/yr for SEFIX. Their 0.29 correlation means their historical movements had little consistent relationship. SEIMX charges 0.63%/yr vs 1.02%/yr for SEFIX.

Performance

SEIMX vs. SEFIX - Performance Comparison

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

Returns By Period

In the year-to-date period, SEIMX achieves a -0.10% return, which is significantly higher than SEFIX's -0.34% return. Over the past 10 years, SEIMX has underperformed SEFIX with an annualized return of 1.67%, while SEFIX has yielded a comparatively higher 10.27% annualized return.

SEIMX

• 1D: -0.09%
• 1M: -1.79%
• 6M: -1.15%
• YTD: -0.10%
• 1Y: 3.69%
• 3Y*: 3.10%
• 5Y*: 0.29%
• 10Y*: 1.67%
• ALL TIME*: 4.01%

SEFIX

• 1D: 0.00%
• 1M: -0.56%
• 6M: -0.67%
• YTD: -0.34%
• 1Y: 0.42%
• 3Y*: 3.09%
• 5Y*: 19.01%
• 10Y*: 10.27%
• ALL TIME*: 5.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SEFIX SEI Institutional International Trust International Fixed Income Fund	$0.00	$0.00	$0.00
SEIMX SEI Tax Exempt Trust Intermediate-Term Municipal Fund	$0.00	$0.00	$0.00

SEIMX vs. SEFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEIMX SEI Tax Exempt Trust Intermediate-Term Municipal Fund	-0.10%	5.10%	1.52%	5.02%	-8.87%	1.39%	4.87%	7.17%	0.70%	4.62%
SEFIX SEI Institutional International Trust International Fixed Income Fund	-0.34%	2.79%	2.53%	7.13%	-9.22%	132.40%	2.95%	6.55%	1.93%	1.79%

Correlation

The correlation between SEIMX and SEFIX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.52
Correlation (10Y) Provides a long-term view across more market conditions.	0.47
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.29

Over the past year, SEIMX and SEFIX have become more correlated (0.49) than their long-term average of 0.29, meaning their price movements have been converging.

Return for Risk

SEIMX vs. SEFIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SEIMX

SEIMX Risk / Return Rank: 56
SEIMX Sharpe Ratio Rank: 69
SEIMX Sortino Ratio Rank: 70
SEIMX Omega Ratio Rank: 84
SEIMX Calmar Ratio Rank: 29
SEIMX Martin Ratio Rank: 27

SEFIX

SEFIX Risk / Return Rank: 6
SEFIX Sharpe Ratio Rank: 7
SEFIX Sortino Ratio Rank: 6
SEFIX Omega Ratio Rank: 6
SEFIX Calmar Ratio Rank: 6
SEFIX Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SEIMX vs. SEFIX - 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 Institutional International Trust International Fixed Income Fund (SEFIX). 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.

	SEIMX	SEFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	0.25	+1.47
Sortino ratio: Return per unit of downside risk	2.49	0.36	+2.13
Omega ratio: Gain probability vs. loss probability	1.42	1.05	+0.37
Calmar ratio: Return relative to maximum drawdown	1.41	0.23	+1.18
Martin ratio: Return relative to average drawdown	4.21	0.52	+3.69

SEIMX vs. SEFIX - Sharpe Ratio Comparison

The current SEIMX Sharpe Ratio is 1.71, which is higher than the SEFIX Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of SEIMX and SEFIX, 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

SEIMX vs. SEFIX - Drawdown Comparison

The maximum SEIMX drawdown since its inception was -13.27%, smaller than the maximum SEFIX drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for SEIMX and SEFIX.

Drawdown Indicators

	SEIMX	SEFIX	Difference
Max Drawdown Largest peak-to-trough decline	-13.27%	-19.16%	+5.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-2.87%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-4.16%	-2.87%	-1.29%
Max Drawdown (5Y) Largest decline over 5 years	-13.27%	-11.59%	-1.68%
Max Drawdown (10Y) Largest decline over 10 years	-13.27%	-11.59%	-1.68%
Current Drawdown Current decline from peak	-2.15%	-1.87%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.49%	-4.37%	+2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	1.26%	-0.31%

Volatility

SEIMX vs. SEFIX - Volatility Comparison

SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) has a higher volatility of 0.82% compared to SEI Institutional International Trust International Fixed Income Fund (SEFIX) at 0.65%. This indicates that SEIMX's price experiences larger fluctuations and is considered to be riskier than SEFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEIMX	SEFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	0.65%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	1.96%	2.29%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	2.36%	2.67%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.29%	61.95%	-58.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.64%	43.71%	-40.07%

SEIMX vs. SEFIX - Expense Ratio Comparison

SEIMX has a 0.63% expense ratio, which is lower than SEFIX's 1.02% expense ratio.

Dividends

SEIMX vs. SEFIX - Dividend Comparison

SEIMX's dividend yield for the trailing twelve months is around 2.83%, more than SEFIX's 2.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEFIX SEI Institutional International Trust International Fixed Income Fund	2.79%	2.78%	0.00%	0.00%	13.04%	60.90%	0.03%	3.33%	4.58%	0.00%	2.67%	6.00%
SEIMX SEI Tax Exempt Trust Intermediate-Term Municipal Fund	2.83%	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 SEIMX and SEFIX in my portfolio?

SEIMX and SEFIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEIMX or SEFIX?

SEIMX has higher volatility (0.82%) compared to SEFIX (0.65%). In terms of maximum drawdown, SEIMX dropped -13.27% vs SEFIX's -19.16%.

Which has better risk-adjusted returns?

SEIMX currently has the higher Sharpe Ratio (1.71 vs 0.25), 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.