SICIX vs. CAVAX

Last updated Jun 3, 2026

SICIX (SEI Asset Allocation Trust Conservative Strategy Fund) and CAVAX (SEI Catholic Values Trust Catholic Values Equity Fund) are both mutual funds - SICIX is a Diversified Portfolio fund managed by SEI, while CAVAX is a Large Cap Blend Equities fund managed by SEI. Over the past 10 years, SICIX returned 3.46%/yr vs 12.10%/yr for CAVAX. A 0.73 correlation means they provide meaningful diversification when combined. SICIX charges 0.51%/yr vs 0.86%/yr for CAVAX.

Performance

SICIX vs. CAVAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Asset Allocation Trust Conservative Strategy Fund (SICIX) and SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SICIX achieves a 2.46% return, which is significantly lower than CAVAX's 9.32% return. Over the past 10 years, SICIX has underperformed CAVAX with an annualized return of 3.46%, while CAVAX has yielded a comparatively higher 12.10% annualized return.

SICIX

• 1D: 0.00%
• 1M: 0.45%
• YTD: 2.46%
• 6M: 2.86%
• 1Y: 6.82%
• 3Y*: 6.54%
• 5Y*: 3.20%
• 10Y*: 3.46%

CAVAX

• 1D: 0.49%
• 1M: 3.35%
• YTD: 9.32%
• 6M: 10.43%
• 1Y: 22.54%
• 3Y*: 17.92%
• 5Y*: 9.01%
• 10Y*: 12.10%

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

SICIX vs. CAVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SICIX SEI Asset Allocation Trust Conservative Strategy Fund	2.46%	8.12%	5.52%	5.29%	-6.23%	4.13%	2.62%	9.36%	-2.07%	5.13%
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund	9.32%	15.45%	16.72%	21.33%	-18.51%	20.57%	17.33%	26.63%	-10.24%	23.69%

Correlation

The correlation between SICIX and CAVAX 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	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.73

The correlation between SICIX and CAVAX has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

Return for Risk

SICIX vs. CAVAX — Risk / Return Rank

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

SICIX

SICIX Risk / Return Rank: 66
SICIX Sharpe Ratio Rank: 76
SICIX Sortino Ratio Rank: 78
SICIX Omega Ratio Rank: 73
SICIX Calmar Ratio Rank: 51
SICIX Martin Ratio Rank: 52

CAVAX

CAVAX Risk / Return Rank: 47
CAVAX Sharpe Ratio Rank: 44
CAVAX Sortino Ratio Rank: 43
CAVAX Omega Ratio Rank: 42
CAVAX Calmar Ratio Rank: 49
CAVAX Martin Ratio Rank: 57

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.

SICIX vs. CAVAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Asset Allocation Trust Conservative Strategy Fund (SICIX) 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.

	SICIX	CAVAX	Difference
Sharpe ratio Return per unit of total volatility	2.53	1.96	+0.57
Sortino ratio Return per unit of downside risk	3.73	2.75	+0.98
Omega ratio Gain probability vs. loss probability	1.48	1.35	+0.13
Calmar ratio Return relative to maximum drawdown	2.76	2.69	+0.07
Martin ratio Return relative to average drawdown	10.77	11.48	-0.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SICIX vs. CAVAX - Sharpe Ratio Comparison

The current SICIX Sharpe Ratio is 2.53, which is comparable to the CAVAX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of SICIX and CAVAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SICIX	CAVAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	1.96	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.56	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.70	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.69	+0.11

Drawdowns

SICIX vs. CAVAX - Drawdown Comparison

The maximum SICIX drawdown since its inception was -27.62%, smaller than the maximum CAVAX drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for SICIX and CAVAX.

Drawdown Indicators

	SICIX	CAVAX	Difference
Max Drawdown Largest peak-to-trough decline	-27.62%	-36.55%	+8.93%
Max Drawdown (1Y) Largest decline over 1 year	-2.65%	-8.49%	+5.84%
Max Drawdown (3Y) Largest decline over 3 years	-3.21%	-17.95%	+14.74%
Max Drawdown (5Y) Largest decline over 5 years	-10.94%	-26.51%	+15.57%
Max Drawdown (10Y) Largest decline over 10 years	-11.61%	-36.55%	+24.94%
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-3.57%	-5.06%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	1.99%	-1.31%

Volatility

SICIX vs. CAVAX - Volatility Comparison

The current volatility for SEI Asset Allocation Trust Conservative Strategy Fund (SICIX) is 0.73%, while SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) has a volatility of 2.90%. This indicates that SICIX 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.

Volatility by Period

	SICIX	CAVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	2.90%	-2.17%
Volatility (6M) Calculated over the trailing 6-month period	2.11%	8.90%	-6.79%
Volatility (1Y) Calculated over the trailing 1-year period	2.81%	11.82%	-9.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	16.08%	-12.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.90%	17.39%	-13.49%

SICIX vs. CAVAX - Expense Ratio Comparison

SICIX has a 0.51% expense ratio, which is lower than CAVAX's 0.86% expense ratio.

Dividends

SICIX vs. CAVAX - Dividend Comparison

SICIX's dividend yield for the trailing twelve months is around 2.84%, less than CAVAX's 6.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund	6.16%	6.73%	7.01%	1.29%	3.67%	16.58%	2.98%	2.80%	5.66%	0.71%	0.99%	0.00%
SICIX SEI Asset Allocation Trust Conservative Strategy Fund	2.84%	2.87%	3.67%	2.80%	4.69%	3.46%	1.84%	2.91%	1.80%	1.81%	1.64%	1.97%

Frequently Asked Questions

Can I hold both SICIX and CAVAX in my portfolio?

SICIX and CAVAX 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, SICIX or CAVAX?

CAVAX has higher volatility (2.90%) compared to SICIX (0.73%). In terms of maximum drawdown, SICIX dropped -27.62% vs CAVAX's -36.55%.

Which has better risk-adjusted returns?

SICIX currently has the higher Sharpe Ratio (2.53 vs 1.96), 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.