SISAX vs. BRUFX

Last updated Jul 14, 2026

SISAX (SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund) and BRUFX (Bruce Fund) are both Diversified Portfolio funds. Over the past 10 years, SISAX returned 10.85%/yr vs 7.57%/yr for BRUFX. A 0.68 correlation means they provide meaningful diversification when combined. SISAX charges 0.35%/yr vs 0.68%/yr for BRUFX.

Performance

SISAX vs. BRUFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund (SISAX) and Bruce Fund (BRUFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SISAX achieves a 9.82% return, which is significantly lower than BRUFX's 15.33% return. Over the past 10 years, SISAX has outperformed BRUFX with an annualized return of 10.85%, while BRUFX has yielded a comparatively lower 7.57% annualized return.

SISAX

• 1D: 0.30%
• 1M: 1.08%
• 6M: 7.04%
• YTD: 9.82%
• 1Y: 19.54%
• 3Y*: 15.75%
• 5Y*: 8.82%
• 10Y*: 10.85%

BRUFX

• 1D: 0.25%
• 1M: 3.44%
• 6M: 12.23%
• YTD: 15.33%
• 1Y: 26.47%
• 3Y*: 12.46%
• 5Y*: 5.84%
• 10Y*: 7.57%

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

SISAX vs. BRUFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SISAX SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund	9.82%	18.50%	11.92%	16.12%	-14.34%	20.96%	11.25%	24.42%	-8.94%	20.14%
BRUFX Bruce Fund	15.33%	14.89%	4.45%	-0.74%	-8.80%	17.35%	12.06%	22.42%	-3.99%	12.48%

Correlation

The correlation between SISAX and BRUFX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Nov 18, 2003	0.68

The correlation between SISAX and BRUFX has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.

Return for Risk

SISAX vs. BRUFX — Risk / Return Rank

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

SISAX

SISAX Risk / Return Rank: 64
SISAX Sharpe Ratio Rank: 65
SISAX Sortino Ratio Rank: 66
SISAX Omega Ratio Rank: 62
SISAX Calmar Ratio Rank: 57
SISAX Martin Ratio Rank: 67

BRUFX

BRUFX Risk / Return Rank: 87
BRUFX Sharpe Ratio Rank: 89
BRUFX Sortino Ratio Rank: 87
BRUFX Omega Ratio Rank: 82
BRUFX Calmar Ratio Rank: 87
BRUFX Martin Ratio Rank: 93

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.

SISAX vs. BRUFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund (SISAX) and Bruce Fund (BRUFX). 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.

	SISAX	BRUFX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.39	-0.62
Sortino ratio: Return per unit of downside risk	2.56	3.42	-0.86
Omega ratio: Gain probability vs. loss probability	1.32	1.42	-0.10
Calmar ratio: Return relative to maximum drawdown	2.32	3.36	-1.03
Martin ratio: Return relative to average drawdown	9.97	14.90	-4.94

SISAX vs. BRUFX - Sharpe Ratio Comparison

The current SISAX Sharpe Ratio is 1.78, which is comparable to the BRUFX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of SISAX and BRUFX, 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

SISAX vs. BRUFX - Drawdown Comparison

The maximum SISAX drawdown since its inception was -56.25%, which is greater than BRUFX's maximum drawdown of -44.50%. Use the drawdown chart below to compare losses from any high point for SISAX and BRUFX.

Drawdown Indicators

	SISAX	BRUFX	Difference
Max Drawdown Largest peak-to-trough decline	-56.25%	-44.50%	-11.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-7.67%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-14.97%	-9.66%	-5.31%
Max Drawdown (5Y) Largest decline over 5 years	-23.64%	-17.91%	-5.73%
Max Drawdown (10Y) Largest decline over 10 years	-34.45%	-25.44%	-9.01%
Current Drawdown Current decline from peak	-0.17%	-0.85%	+0.68%
Average Drawdown Average peak-to-trough decline	-7.48%	-9.05%	+1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.73%	+0.16%

Volatility

SISAX vs. BRUFX - Volatility Comparison

SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund (SISAX) and Bruce Fund (BRUFX) have volatilities of 3.08% and 3.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SISAX	BRUFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	3.11%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.44%	8.42%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.65%	10.78%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.01%	10.57%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	11.64%	+3.87%

SISAX vs. BRUFX - Expense Ratio Comparison

SISAX has a 0.35% expense ratio, which is lower than BRUFX's 0.68% expense ratio.

Dividends

SISAX vs. BRUFX - Dividend Comparison

SISAX's dividend yield for the trailing twelve months is around 9.46%, more than BRUFX's 5.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRUFX Bruce Fund	5.51%	6.35%	5.01%	6.46%	13.31%	9.25%	5.83%	2.03%	2.49%	4.11%	6.26%	4.63%
SISAX SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund	9.46%	10.37%	5.01%	5.48%	11.49%	3.61%	4.03%	2.76%	5.26%	1.23%	1.29%	1.14%

Frequently Asked Questions

Can I hold both SISAX and BRUFX in my portfolio?

SISAX and BRUFX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SISAX or BRUFX?

BRUFX has higher volatility (3.11%) compared to SISAX (3.08%). In terms of maximum drawdown, SISAX dropped -56.25% vs BRUFX's -44.50%.

Which has better risk-adjusted returns?

BRUFX currently has the higher Sharpe Ratio (2.39 vs 1.78), 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.