SEMPX vs. SEMRX

Last updated Jun 19, 2026

SEMPX (Semper MBS Total Return Fund) and SEMRX (Semper Short Duration Fund) are both mutual funds - SEMPX is a Nontraditional Bonds fund managed by Semper, while SEMRX is a Ultrashort Bond fund managed by Semper. Over the past 10 years, SEMPX returned 3.55%/yr vs 3.40%/yr for SEMRX. At a 0.45 correlation, their price movements are largely independent. SEMPX charges 1.07%/yr vs 0.85%/yr for SEMRX.

Performance

SEMPX vs. SEMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Semper MBS Total Return Fund (SEMPX) and Semper Short Duration Fund (SEMRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMPX achieves a 0.90% return, which is significantly lower than SEMRX's 2.15% return. Both investments have delivered pretty close results over the past 10 years, with SEMPX having a 3.55% annualized return and SEMRX not far behind at 3.40%.

SEMPX

• 1D: -0.12%
• 1M: 1.05%
• YTD: 0.90%
• 6M: 1.36%
• 1Y: 6.09%
• 3Y*: 9.57%
• 5Y*: 4.25%
• 10Y*: 3.55%

SEMRX

• 1D: -0.10%
• 1M: 0.56%
• YTD: 2.15%
• 6M: 2.54%
• 1Y: 5.95%
• 3Y*: 7.34%
• 5Y*: 4.80%
• 10Y*: 3.40%

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

SEMPX vs. SEMRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEMPX Semper MBS Total Return Fund	0.90%	8.57%	12.84%	12.51%	-13.26%	6.70%	-7.09%	4.52%	3.75%	5.93%
SEMRX Semper Short Duration Fund	2.15%	6.47%	8.21%	8.76%	-1.69%	1.93%	-1.19%	3.48%	2.11%	2.74%

Correlation

The correlation between SEMPX and SEMRX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.45

The correlation between SEMPX and SEMRX shifts across timeframes, from 0.45 (all time) to 0.58 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SEMPX vs. SEMRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEMPX

SEMPX Risk / Return Rank: 73
SEMPX Sharpe Ratio Rank: 73
SEMPX Sortino Ratio Rank: 91
SEMPX Omega Ratio Rank: 83
SEMPX Calmar Ratio Rank: 71
SEMPX Martin Ratio Rank: 49

SEMRX

SEMRX Risk / Return Rank: 98
SEMRX Sharpe Ratio Rank: 96
SEMRX Sortino Ratio Rank: 99
SEMRX Omega Ratio Rank: 99
SEMRX Calmar Ratio Rank: 99
SEMRX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEMPX vs. SEMRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Semper MBS Total Return Fund (SEMPX) and Semper Short Duration Fund (SEMRX). 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.

	SEMPX	SEMRX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	3.14	-0.91
Sortino ratio: Return per unit of downside risk	4.11	10.49	-6.38
Omega ratio: Gain probability vs. loss probability	1.50	3.01	-1.51
Calmar ratio: Return relative to maximum drawdown	2.99	11.22	-8.23
Martin ratio: Return relative to average drawdown	9.35	46.51	-37.17

SEMPX vs. SEMRX - Sharpe Ratio Comparison

The current SEMPX Sharpe Ratio is 2.23, which is comparable to the SEMRX Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of SEMPX and SEMRX, 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

SEMPX vs. SEMRX - Drawdown Comparison

The maximum SEMPX drawdown since its inception was -25.02%, which is greater than SEMRX's maximum drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for SEMPX and SEMRX.

Drawdown Indicators

	SEMPX	SEMRX	Difference
Max Drawdown Largest peak-to-trough decline	-25.02%	-13.09%	-11.93%
Max Drawdown (1Y) Largest decline over 1 year	-2.04%	-0.52%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	-2.04%	-0.63%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	-14.67%	-4.05%	-10.62%
Max Drawdown (10Y) Largest decline over 10 years	-25.02%	-13.09%	-11.93%
Current Drawdown Current decline from peak	-0.80%	-0.10%	-0.70%
Average Drawdown Average peak-to-trough decline	-3.26%	-0.62%	-2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.13%	+0.52%

Volatility

SEMPX vs. SEMRX - Volatility Comparison

Semper MBS Total Return Fund (SEMPX) has a higher volatility of 0.81% compared to Semper Short Duration Fund (SEMRX) at 0.51%. This indicates that SEMPX's price experiences larger fluctuations and is considered to be riskier than SEMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMPX	SEMRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.81%	0.51%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	2.07%	1.28%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	2.75%	1.87%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.12%	1.84%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.92%	2.31%	+1.61%

SEMPX vs. SEMRX - Expense Ratio Comparison

SEMPX has a 1.07% expense ratio, which is higher than SEMRX's 0.85% expense ratio.

Dividends

SEMPX vs. SEMRX - Dividend Comparison

SEMPX's dividend yield for the trailing twelve months is around 5.71%, which matches SEMRX's 5.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEMPX Semper MBS Total Return Fund	5.71%	5.83%	6.66%	8.75%	6.15%	2.97%	4.07%	4.72%	5.65%	5.00%	5.94%	5.10%
SEMRX Semper Short Duration Fund	5.67%	5.94%	6.13%	6.05%	3.22%	1.71%	1.95%	2.90%	2.70%	2.20%	3.03%	2.35%

Frequently Asked Questions

Can I hold both SEMPX and SEMRX in my portfolio?

SEMPX and SEMRX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEMPX or SEMRX?

SEMPX has higher volatility (0.81%) compared to SEMRX (0.51%). In terms of maximum drawdown, SEMPX dropped -25.02% vs SEMRX's -13.09%.

Which has better risk-adjusted returns?

SEMRX currently has the higher Sharpe Ratio (3.14 vs 2.23), 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.