SESVX vs. VFAIX

Last updated Jun 13, 2026

SESVX (SEI Institutional Managed Trust Small Cap Value Fund) and VFAIX (Vanguard Financials Index Fund Admiral Shares) are both mutual funds - SESVX is a Small Cap Value Equities fund managed by BlackRock, while VFAIX is a Financials Equities fund managed by BlackRock. Over the past 10 years, SESVX returned 9.18%/yr vs 12.92%/yr for VFAIX. Their correlation of 0.85 suggests significant overlap in exposure. SESVX charges 1.14%/yr vs 0.10%/yr for VFAIX.

Performance

SESVX vs. VFAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Small Cap Value Fund (SESVX) and Vanguard Financials Index Fund Admiral Shares (VFAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SESVX achieves a 16.65% return, which is significantly higher than VFAIX's -2.85% return. Over the past 10 years, SESVX has underperformed VFAIX with an annualized return of 9.18%, while VFAIX has yielded a comparatively higher 12.92% annualized return.

SESVX

• 1D: 2.10%
• 1M: 5.48%
• YTD: 16.65%
• 6M: 14.27%
• 1Y: 36.68%
• 3Y*: 17.24%
• 5Y*: 7.79%
• 10Y*: 9.18%

VFAIX

• 1D: 0.86%
• 1M: 3.37%
• YTD: -2.85%
• 6M: -3.02%
• 1Y: 6.17%
• 3Y*: 19.46%
• 5Y*: 9.23%
• 10Y*: 12.92%

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

SESVX vs. VFAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SESVX SEI Institutional Managed Trust Small Cap Value Fund	16.65%	13.26%	8.13%	15.54%	-12.26%	29.58%	1.04%	21.94%	-17.08%	7.61%
VFAIX Vanguard Financials Index Fund Admiral Shares	-2.85%	14.90%	30.46%	14.07%	-12.26%	36.27%	-2.15%	31.63%	-13.47%	20.05%

Correlation

The correlation between SESVX and VFAIX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.86

The correlation between SESVX and VFAIX shifts across timeframes, from 0.73 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SESVX vs. VFAIX — Risk / Return Rank

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

SESVX

SESVX Risk / Return Rank: 76
SESVX Sharpe Ratio Rank: 73
SESVX Sortino Ratio Rank: 75
SESVX Omega Ratio Rank: 65
SESVX Calmar Ratio Rank: 87
SESVX Martin Ratio Rank: 78

VFAIX

VFAIX Risk / Return Rank: 8
VFAIX Sharpe Ratio Rank: 8
VFAIX Sortino Ratio Rank: 8
VFAIX Omega Ratio Rank: 8
VFAIX Calmar Ratio Rank: 7
VFAIX Martin Ratio Rank: 7

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.

SESVX vs. VFAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Small Cap Value Fund (SESVX) and Vanguard Financials Index Fund Admiral Shares (VFAIX). 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.

	SESVX	VFAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	0.42	+1.67
Sortino ratio: Return per unit of downside risk	3.00	0.66	+2.35
Omega ratio: Gain probability vs. loss probability	1.36	1.08	+0.28
Calmar ratio: Return relative to maximum drawdown	3.69	0.42	+3.27
Martin ratio: Return relative to average drawdown	12.02	1.10	+10.92

SESVX vs. VFAIX - Sharpe Ratio Comparison

The current SESVX Sharpe Ratio is 2.08, which is higher than the VFAIX Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of SESVX and VFAIX, 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

SESVX vs. VFAIX - Drawdown Comparison

The maximum SESVX drawdown since its inception was -61.79%, smaller than the maximum VFAIX drawdown of -78.64%. Use the drawdown chart below to compare losses from any high point for SESVX and VFAIX.

Drawdown Indicators

	SESVX	VFAIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.79%	-78.64%	+16.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.00%	-14.72%	+4.72%
Max Drawdown (3Y) Largest decline over 3 years	-34.41%	-17.31%	-17.10%
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	-25.71%	-8.70%
Max Drawdown (10Y) Largest decline over 10 years	-50.73%	-44.37%	-6.36%
Current Drawdown Current decline from peak	0.00%	-5.81%	+5.81%
Average Drawdown Average peak-to-trough decline	-9.92%	-18.59%	+8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	5.63%	-2.56%

Volatility

SESVX vs. VFAIX - Volatility Comparison

SEI Institutional Managed Trust Small Cap Value Fund (SESVX) has a higher volatility of 4.99% compared to Vanguard Financials Index Fund Admiral Shares (VFAIX) at 4.38%. This indicates that SESVX's price experiences larger fluctuations and is considered to be riskier than VFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SESVX	VFAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	4.38%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	12.08%	11.38%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	17.74%	14.98%	+2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.03%	19.38%	+4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.87%	22.61%	+2.26%

SESVX vs. VFAIX - Expense Ratio Comparison

SESVX has a 1.14% expense ratio, which is higher than VFAIX's 0.10% expense ratio.

Dividends

SESVX vs. VFAIX - Dividend Comparison

SESVX's dividend yield for the trailing twelve months is around 7.80%, more than VFAIX's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SESVX SEI Institutional Managed Trust Small Cap Value Fund	7.80%	9.15%	21.17%	3.05%	5.69%	8.19%	0.77%	1.27%	12.44%	9.21%	0.55%	6.93%
VFAIX Vanguard Financials Index Fund Admiral Shares	1.51%	1.56%	1.75%	2.08%	2.31%	2.62%	2.21%	2.17%	2.30%	1.54%	1.64%	2.00%

Frequently Asked Questions

Can I hold both SESVX and VFAIX in my portfolio?

SESVX and VFAIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SESVX or VFAIX?

SESVX has higher volatility (4.99%) compared to VFAIX (4.38%). In terms of maximum drawdown, SESVX dropped -61.79% vs VFAIX's -78.64%.

Which has better risk-adjusted returns?

SESVX currently has the higher Sharpe Ratio (2.08 vs 0.42), 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.