SEPAX vs. CAVAX
Compare and contrast key facts about SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX) and SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX).
SEPAX is managed by SEI. It was launched on Aug 25, 1998. CAVAX is managed by SEI. It was launched on Apr 30, 2015.
Performance
SEPAX vs. CAVAX - Performance Comparison
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SEPAX vs. CAVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEPAX SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund | -0.78% | 5.63% | 0.31% | 3.67% | -7.33% | -0.13% | 4.65% | 6.79% | 0.83% | 3.99% |
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund | -2.71% | 15.45% | 16.72% | 21.33% | -18.51% | 20.57% | 17.33% | 26.63% | -10.24% | 23.69% |
Returns By Period
In the year-to-date period, SEPAX achieves a -0.78% return, which is significantly higher than CAVAX's -2.71% return. Over the past 10 years, SEPAX has underperformed CAVAX with an annualized return of 1.45%, while CAVAX has yielded a comparatively higher 11.01% annualized return.
SEPAX
- 1D
- 0.10%
- 1M
- -2.25%
- YTD
- -0.78%
- 6M
- 0.36%
- 1Y
- 3.64%
- 3Y*
- 2.27%
- 5Y*
- 0.35%
- 10Y*
- 1.45%
CAVAX
- 1D
- 2.61%
- 1M
- -5.23%
- YTD
- -2.71%
- 6M
- -0.50%
- 1Y
- 15.10%
- 3Y*
- 14.15%
- 5Y*
- 7.58%
- 10Y*
- 11.01%
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SEPAX vs. CAVAX - Expense Ratio Comparison
SEPAX has a 0.63% expense ratio, which is lower than CAVAX's 0.86% expense ratio.
Return for Risk
SEPAX vs. CAVAX — Risk / Return Rank
SEPAX
CAVAX
SEPAX vs. CAVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX) and SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX). 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.
| SEPAX | CAVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 0.90 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.39 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.29 | +0.11 |
Martin ratioReturn relative to average drawdown | 5.61 | 6.17 | -0.56 |
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
| SEPAX | CAVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.90 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.47 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.64 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.62 | +0.40 |
Correlation
The correlation between SEPAX and CAVAX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SEPAX vs. CAVAX - Dividend Comparison
SEPAX's dividend yield for the trailing twelve months is around 2.22%, less than CAVAX's 6.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEPAX SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund | 2.22% | 2.83% | 1.86% | 1.45% | 1.20% | 1.66% | 2.04% | 2.22% | 1.93% | 1.84% | 1.96% | 1.87% |
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund | 6.92% | 6.73% | 7.01% | 1.29% | 3.67% | 16.58% | 2.98% | 2.80% | 5.66% | 0.71% | 0.99% | 0.00% |
Drawdowns
SEPAX vs. CAVAX - Drawdown Comparison
The maximum SEPAX drawdown since its inception was -11.49%, smaller than the maximum CAVAX drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for SEPAX and CAVAX.
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Drawdown Indicators
| SEPAX | CAVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.49% | -36.55% | +25.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -12.26% | +8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -11.49% | -26.51% | +15.02% |
Max Drawdown (10Y)Largest decline over 10 years | -11.49% | -36.55% | +25.06% |
Current DrawdownCurrent decline from peak | -2.43% | -6.09% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -5.13% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.57% | -1.75% |
Volatility
SEPAX vs. CAVAX - Volatility Comparison
The current volatility for SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX) is 0.96%, while SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) has a volatility of 5.19%. This indicates that SEPAX experiences smaller price fluctuations and is considered to be less risky than CAVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEPAX | CAVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 5.19% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 9.32% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 17.27% | -14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.80% | 16.06% | -13.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.46% | 17.39% | -13.93% |