SIOAX vs. UNAVX
SIOAX (SEI Institutional Managed Trust Multi-Asset Income Fund) and UNAVX (USA Mutuals All Seasons Fund) are both Tactical Allocation funds. Over the past 5 years, SIOAX returned 3.74%/yr vs 4.97%/yr for UNAVX. Their 0.44 correlation means their historical movements had little consistent relationship. SIOAX charges 0.80%/yr vs 1.99%/yr for UNAVX.
Performance
SIOAX vs. UNAVX - Performance Comparison
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Returns By Period
In the year-to-date period, SIOAX achieves a 4.08% return, which is significantly higher than UNAVX's -3.99% return.
SIOAX
- 1D
- -0.10%
- 1M
- 0.68%
- 6M
- 2.46%
- YTD
- 4.08%
- 1Y
- 8.00%
- 3Y*
- 8.83%
- 5Y*
- 3.74%
- 10Y*
- 4.85%
- ALL TIME*
- 4.93%
UNAVX
- 1D
- 0.00%
- 1M
- -0.16%
- 6M
- -4.21%
- YTD
- -3.99%
- 1Y
- -2.60%
- 3Y*
- 1.03%
- 5Y*
- 4.97%
- 10Y*
- —
- ALL TIME*
- 4.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SIOAX vs. UNAVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIOAX SEI Institutional Managed Trust Multi-Asset Income Fund | 4.08% | 10.08% | 7.25% | 11.09% | -13.13% | 4.50% | 5.33% | 14.33% | -2.11% | 0.53% |
UNAVX USA Mutuals All Seasons Fund | -3.99% | 1.91% | 6.76% | 3.44% | 6.91% | 11.74% | -8.36% | 25.57% | -4.91% | 4.62% |
Correlation
The correlation between SIOAX and UNAVX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017 | 0.44 |
The correlation between SIOAX and UNAVX shifts across timeframes, from 0.33 (3 years) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SIOAX vs. UNAVX — Risk / Return Rank
SIOAX
UNAVX
SIOAX vs. UNAVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Multi-Asset Income Fund (SIOAX) and USA Mutuals All Seasons Fund (UNAVX). 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.
| SIOAX | UNAVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.43 | ||
| Sortino ratioReturn per unit of downside risk | +5.25 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 0.87 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | -0.40 | +3.75 |
| Martin ratioReturn relative to average drawdown | 13.87 | -0.73 | +14.60 |
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Drawdowns
SIOAX vs. UNAVX - Drawdown Comparison
The maximum SIOAX drawdown since its inception was -22.10%, smaller than the maximum UNAVX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for SIOAX and UNAVX.
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Drawdown Indicators
| SIOAX | UNAVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.10% | -30.05% | +7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -8.10% | +5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.73% | -8.10% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -8.10% | -9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -22.10% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -7.06% | +6.87% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -4.77% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 4.46% | -3.90% |
Volatility
SIOAX vs. UNAVX - Volatility Comparison
SEI Institutional Managed Trust Multi-Asset Income Fund (SIOAX) has a higher volatility of 1.09% compared to USA Mutuals All Seasons Fund (UNAVX) at 0.47%. This indicates that SIOAX's price experiences larger fluctuations and is considered to be riskier than UNAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIOAX | UNAVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.47% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 4.21% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 5.12% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.61% | 7.53% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 12.72% | -7.64% |
SIOAX vs. UNAVX - Expense Ratio Comparison
SIOAX has a 0.80% expense ratio, which is lower than UNAVX's 1.99% expense ratio.
Dividends
SIOAX vs. UNAVX - Dividend Comparison
SIOAX's dividend yield for the trailing twelve months is around 5.12%, more than UNAVX's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIOAX SEI Institutional Managed Trust Multi-Asset Income Fund | 5.12% | 5.37% | 6.08% | 6.49% | 6.11% | 3.87% | 3.05% | 4.43% | 3.29% | 4.31% | 4.27% | 6.30% |
UNAVX USA Mutuals All Seasons Fund | 2.63% | 2.52% | 2.88% | 1.62% | 0.00% | 0.00% | 0.00% | 5.70% | 0.85% | 0.61% | 0.00% | 0.00% |
Frequently Asked Questions
SIOAX and UNAVX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIOAX has higher volatility (1.09%) compared to UNAVX (0.47%). In terms of maximum drawdown, SIOAX dropped -22.10% vs UNAVX's -30.05%.
SIOAX currently has the higher Sharpe Ratio (2.79 vs -0.64), 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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