SEMCX vs. GWSAX

Last updated Aug 1, 2026

SEMCX (SEI Institutional Managed Trust Mid-Cap Fund) and GWSAX (Gabelli Focused Growth and Income Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, SEMCX returned 10.36%/yr vs 5.51%/yr for GWSAX. Their correlation of 0.87 means they have usually moved in the same direction. SEMCX charges 0.98%/yr vs 1.25%/yr for GWSAX.

Performance

SEMCX vs. GWSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Mid-Cap Fund (SEMCX) and Gabelli Focused Growth and Income Fund (GWSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMCX achieves a 14.28% return, which is significantly higher than GWSAX's 4.23% return. Over the past 10 years, SEMCX has outperformed GWSAX with an annualized return of 10.36%, while GWSAX has yielded a comparatively lower 5.51% annualized return.

SEMCX

• 1D: 0.62%
• 1M: 0.67%
• 6M: 11.87%
• YTD: 14.28%
• 1Y: 21.99%
• 3Y*: 14.43%
• 5Y*: 8.59%
• 10Y*: 10.36%
• ALL TIME*: 9.82%

GWSAX

• 1D: -0.86%
• 1M: 0.63%
• 6M: -0.22%
• YTD: 4.23%
• 1Y: 9.21%
• 3Y*: 6.90%
• 5Y*: 4.08%
• 10Y*: 5.51%
• ALL TIME*: 6.96%

*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)
GWSAX Gabelli Focused Growth and Income Fund	$0.00	$0.00	$0.00
SEMCX SEI Institutional Managed Trust Mid-Cap Fund	$0.00	$0.00	$0.00

SEMCX vs. GWSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEMCX SEI Institutional Managed Trust Mid-Cap Fund	14.28%	9.87%	15.83%	14.81%	-14.50%	28.14%	5.81%	24.53%	-11.96%	20.32%
GWSAX Gabelli Focused Growth and Income Fund	4.23%	2.11%	13.19%	11.90%	-13.71%	27.12%	8.69%	26.78%	-25.30%	17.07%

Correlation

The correlation between SEMCX and GWSAX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003	0.87

Over the past year, the correlation between SEMCX and GWSAX has dropped to 0.55 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

SEMCX vs. GWSAX — Risk / Return Rank

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

SEMCX

SEMCX Risk / Return Rank: 65
SEMCX Sharpe Ratio Rank: 59
SEMCX Sortino Ratio Rank: 60
SEMCX Omega Ratio Rank: 54
SEMCX Calmar Ratio Rank: 74
SEMCX Martin Ratio Rank: 77

GWSAX

GWSAX Risk / Return Rank: 26
GWSAX Sharpe Ratio Rank: 27
GWSAX Sortino Ratio Rank: 27
GWSAX Omega Ratio Rank: 24
GWSAX Calmar Ratio Rank: 30
GWSAX Martin Ratio Rank: 22

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.

SEMCX vs. GWSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Mid-Cap Fund (SEMCX) and Gabelli Focused Growth and Income Fund (GWSAX). 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.

	SEMCX	GWSAX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.90	+0.57
Sortino ratio: Return per unit of downside risk	2.16	1.36	+0.80
Omega ratio: Gain probability vs. loss probability	1.26	1.16	+0.11
Calmar ratio: Return relative to maximum drawdown	2.44	1.33	+1.10
Martin ratio: Return relative to average drawdown	9.54	3.08	+6.46

SEMCX vs. GWSAX - Sharpe Ratio Comparison

The current SEMCX Sharpe Ratio is 1.48, which is higher than the GWSAX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of SEMCX and GWSAX, 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

SEMCX vs. GWSAX - Drawdown Comparison

The maximum SEMCX drawdown since its inception was -61.08%, which is greater than GWSAX's maximum drawdown of -55.75%. Use the drawdown chart below to compare losses from any high point for SEMCX and GWSAX.

Drawdown Indicators

	SEMCX	GWSAX	Difference
Max Drawdown Largest peak-to-trough decline	-61.08%	-55.75%	-5.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-6.54%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-20.98%	-15.58%	-5.40%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-18.91%	-3.48%
Max Drawdown (10Y) Largest decline over 10 years	-42.21%	-50.67%	+8.46%
Current Drawdown Current decline from peak	-0.52%	-4.43%	+3.91%
Average Drawdown Average peak-to-trough decline	-8.53%	-9.22%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.82%	-0.74%

Volatility

SEMCX vs. GWSAX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Mid-Cap Fund (SEMCX) is 2.39%, while Gabelli Focused Growth and Income Fund (GWSAX) has a volatility of 2.66%. This indicates that SEMCX experiences smaller price fluctuations and is considered to be less risky than GWSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMCX	GWSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	2.66%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	7.01%	+2.98%
Volatility (1Y) Calculated over the trailing 1-year period	13.43%	9.73%	+3.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	15.35%	+2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	19.71%	-0.12%

SEMCX vs. GWSAX - Expense Ratio Comparison

SEMCX has a 0.98% expense ratio, which is lower than GWSAX's 1.25% expense ratio.

Dividends

SEMCX vs. GWSAX - Dividend Comparison

SEMCX's dividend yield for the trailing twelve months is around 19.62%, more than GWSAX's 4.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GWSAX Gabelli Focused Growth and Income Fund	4.61%	5.11%	4.39%	4.57%	5.00%	3.90%	0.00%	0.00%	0.09%	0.49%	1.16%	0.00%
SEMCX SEI Institutional Managed Trust Mid-Cap Fund	19.62%	22.37%	8.65%	0.53%	0.82%	20.09%	1.12%	2.14%	13.99%	7.97%	1.66%	18.87%

Frequently Asked Questions

Can I hold both SEMCX and GWSAX in my portfolio?

SEMCX and GWSAX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEMCX or GWSAX?

GWSAX has higher volatility (2.66%) compared to SEMCX (2.39%). In terms of maximum drawdown, SEMCX dropped -61.08% vs GWSAX's -55.75%.

Which has better risk-adjusted returns?

SEMCX currently has the higher Sharpe Ratio (1.48 vs 0.90), 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.