SIFAX vs. DBALX
SIFAX (SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund) and DBALX (Davenport Balanced Income Fund) are both Diversified Portfolio funds. Over the past 10 years, SIFAX returned 3.19%/yr vs 5.78%/yr for DBALX. At a 0.37 correlation, their price movements are largely independent. SIFAX charges 0.90%/yr vs 0.93%/yr for DBALX.
Performance
SIFAX vs. DBALX - Performance Comparison
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Returns By Period
In the year-to-date period, SIFAX achieves a 5.43% return, which is significantly higher than DBALX's 3.33% return. Over the past 10 years, SIFAX has underperformed DBALX with an annualized return of 3.19%, while DBALX has yielded a comparatively higher 5.78% annualized return.
SIFAX
- 1D
- -0.60%
- 1M
- -3.02%
- YTD
- 5.43%
- 6M
- 5.82%
- 1Y
- 7.78%
- 3Y*
- 6.35%
- 5Y*
- 5.48%
- 10Y*
- 3.19%
DBALX
- 1D
- -0.15%
- 1M
- -0.50%
- YTD
- 3.33%
- 6M
- 3.38%
- 1Y
- 9.35%
- 3Y*
- 8.54%
- 5Y*
- 4.61%
- 10Y*
- 5.78%
SIFAX vs. DBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIFAX SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund | 5.43% | 7.82% | 4.08% | -1.74% | 8.48% | 10.83% | -1.59% | 5.68% | -3.64% | -1.96% |
DBALX Davenport Balanced Income Fund | 3.33% | 9.88% | 7.98% | 7.81% | -11.01% | 14.19% | 3.54% | 18.55% | -8.16% | 11.11% |
Correlation
The correlation between SIFAX and DBALX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.37 |
Over the past year, the correlation between SIFAX and DBALX has dropped to 0.13 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
SIFAX vs. DBALX — Risk / Return Rank
SIFAX
DBALX
SIFAX vs. DBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) and Davenport Balanced Income Fund (DBALX). 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.
| SIFAX | DBALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.82 | +0.03 |
| Martin ratioReturn relative to average drawdown | 8.26 | 6.27 | +1.99 |
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Drawdowns
SIFAX vs. DBALX - Drawdown Comparison
The maximum SIFAX drawdown since its inception was -23.62%, smaller than the maximum DBALX drawdown of -27.89%. Use the drawdown chart below to compare losses from any high point for SIFAX and DBALX.
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Drawdown Indicators
| SIFAX | DBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.62% | -27.89% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | -5.15% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -4.24% | -8.08% | +3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -8.32% | -15.41% | +7.09% |
Max Drawdown (10Y)Largest decline over 10 years | -14.69% | -27.89% | +13.20% |
Current DrawdownCurrent decline from peak | -4.24% | -1.75% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -3.63% | -4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.49% | -0.54% |
Volatility
SIFAX vs. DBALX - Volatility Comparison
The current volatility for SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) is 1.71%, while Davenport Balanced Income Fund (DBALX) has a volatility of 2.24%. This indicates that SIFAX experiences smaller price fluctuations and is considered to be less risky than DBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIFAX | DBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 2.24% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.84% | 4.98% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 6.54% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 8.58% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.22% | 9.96% | -4.74% |
SIFAX vs. DBALX - Expense Ratio Comparison
SIFAX has a 0.90% expense ratio, which is lower than DBALX's 0.93% expense ratio.
Dividends
SIFAX vs. DBALX - Dividend Comparison
SIFAX's dividend yield for the trailing twelve months is around 4.32%, less than DBALX's 5.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBALX Davenport Balanced Income Fund | 5.38% | 5.28% | 3.73% | 2.19% | 4.24% | 1.59% | 2.00% | 2.73% | 2.03% | 2.37% | 1.04% | 0.00% |
SIFAX SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund | 4.32% | 4.55% | 3.25% | 3.82% | 11.90% | 7.89% | 1.45% | 1.49% | 1.90% | 1.39% | 1.15% | 0.48% |
Frequently Asked Questions
SIFAX and DBALX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBALX has higher volatility (2.24%) compared to SIFAX (1.71%). In terms of maximum drawdown, SIFAX dropped -23.62% vs DBALX's -27.89%.
DBALX currently has the higher Sharpe Ratio (1.44 vs 1.41), 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.
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