SEIMX vs. SUMAX
Compare and contrast key facts about SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) and SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX).
SEIMX is managed by SEI. It was launched on Sep 4, 1989. SUMAX is managed by SEI. It was launched on Nov 12, 2003.
Performance
SEIMX vs. SUMAX - Performance Comparison
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SEIMX vs. SUMAX - 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% |
SUMAX SEI Tax Exempt Trust Short Duration Municipal Fund | 0.24% | 4.38% | 2.49% | 3.22% | -2.08% | -0.01% | 1.77% | 2.28% | 1.09% | 0.88% |
Returns By Period
In the year-to-date period, SEIMX achieves a -0.43% return, which is significantly lower than SUMAX's 0.24% return. Over the past 10 years, SEIMX has outperformed SUMAX with an annualized return of 1.83%, while SUMAX has yielded a comparatively lower 1.37% 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%
SUMAX
- 1D
- 0.10%
- 1M
- -0.60%
- YTD
- 0.24%
- 6M
- 0.84%
- 1Y
- 2.90%
- 3Y*
- 3.04%
- 5Y*
- 1.61%
- 10Y*
- 1.37%
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SEIMX vs. SUMAX - Expense Ratio Comparison
Both SEIMX and SUMAX have an expense ratio of 0.63%.
Return for Risk
SEIMX vs. SUMAX — Risk / Return Rank
SEIMX
SUMAX
SEIMX vs. SUMAX - 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 Short Duration Municipal Fund (SUMAX). 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 | SUMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 2.08 | -1.06 |
Sortino ratioReturn per unit of downside risk | 1.35 | 3.35 | -1.99 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.85 | -0.56 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.81 | -1.59 |
Martin ratioReturn relative to average drawdown | 4.49 | 12.45 | -7.95 |
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 | SUMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 2.08 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.18 | -0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 1.13 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.39 | 1.54 | -0.15 |
Correlation
The correlation between SEIMX and SUMAX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SEIMX vs. SUMAX - Dividend Comparison
SEIMX's dividend yield for the trailing twelve months is around 3.00%, more than SUMAX's 2.56% 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% |
SUMAX SEI Tax Exempt Trust Short Duration Municipal Fund | 2.56% | 3.37% | 2.36% | 1.73% | 0.71% | 0.58% | 1.06% | 1.45% | 1.08% | 0.67% | 0.39% | 0.79% |
Drawdowns
SEIMX vs. SUMAX - Drawdown Comparison
The maximum SEIMX drawdown since its inception was -13.27%, which is greater than SUMAX's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for SEIMX and SUMAX.
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Drawdown Indicators
| SEIMX | SUMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -3.70% | -9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.88% | -1.20% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -13.27% | -3.70% | -9.57% |
Max Drawdown (10Y)Largest decline over 10 years | -13.27% | -3.70% | -9.57% |
Current DrawdownCurrent decline from peak | -2.47% | -0.69% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -0.26% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.27% | +0.78% |
Volatility
SEIMX vs. SUMAX - Volatility Comparison
SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) has a higher volatility of 1.03% compared to SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) at 0.29%. This indicates that SEIMX's price experiences larger fluctuations and is considered to be riskier than SUMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEIMX | SUMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.29% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 0.77% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 1.49% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 1.37% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 1.22% | +2.41% |