SISAX vs. CAVAX

Last updated Jun 5, 2026

SISAX (SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund) and CAVAX (SEI Catholic Values Trust Catholic Values Equity Fund) are both mutual funds - SISAX 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, SISAX returned 10.85%/yr vs 12.07%/yr for CAVAX. With a 0.98 correlation, they move nearly in lockstep. SISAX charges 0.35%/yr vs 0.86%/yr for CAVAX.

Performance

SISAX vs. CAVAX - 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 SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SISAX having a 8.83% return and CAVAX slightly higher at 9.03%. Over the past 10 years, SISAX has underperformed CAVAX with an annualized return of 10.85%, while CAVAX has yielded a comparatively higher 12.07% annualized return.

SISAX

• 1D: -0.44%
• 1M: 2.10%
• YTD: 8.83%
• 6M: 9.60%
• 1Y: 22.68%
• 3Y*: 16.69%
• 5Y*: 8.68%
• 10Y*: 10.85%

CAVAX

• 1D: -0.75%
• 1M: 2.72%
• YTD: 9.03%
• 6M: 9.34%
• 1Y: 21.38%
• 3Y*: 17.81%
• 5Y*: 8.87%
• 10Y*: 12.07%

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

SISAX vs. CAVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SISAX SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund	8.83%	18.50%	11.92%	16.12%	-14.34%	20.96%	11.25%	24.42%	-8.94%	20.14%
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund	9.03%	15.45%	16.72%	21.33%	-18.51%	20.57%	17.33%	26.63%	-10.24%	23.69%

Correlation

The correlation between SISAX and CAVAX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.98

The correlation between SISAX and CAVAX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

SISAX vs. CAVAX — Risk / Return Rank

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

SISAX

SISAX Risk / Return Rank: 59
SISAX Sharpe Ratio Rank: 59
SISAX Sortino Ratio Rank: 60
SISAX Omega Ratio Rank: 57
SISAX Calmar Ratio Rank: 57
SISAX Martin Ratio Rank: 64

CAVAX

CAVAX Risk / Return Rank: 43
CAVAX Sharpe Ratio Rank: 40
CAVAX Sortino Ratio Rank: 39
CAVAX Omega Ratio Rank: 38
CAVAX Calmar Ratio Rank: 46
CAVAX Martin Ratio Rank: 54

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. CAVAX - 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 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.

	SISAX	CAVAX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.83	+0.37
Sortino ratio: Return per unit of downside risk	3.16	2.58	+0.57
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.08
Calmar ratio: Return relative to maximum drawdown	2.80	2.55	+0.25
Martin ratio: Return relative to average drawdown	12.14	10.84	+1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SISAX vs. CAVAX - Sharpe Ratio Comparison

The current SISAX Sharpe Ratio is 2.19, which is comparable to the CAVAX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of SISAX 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

	SISAX	CAVAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	1.83	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.55	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.70	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.69	-0.18

Drawdowns

SISAX vs. CAVAX - Drawdown Comparison

The maximum SISAX drawdown since its inception was -56.25%, which is greater than CAVAX's maximum drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for SISAX and CAVAX.

Drawdown Indicators

	SISAX	CAVAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.25%	-36.55%	-19.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-8.49%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-14.97%	-17.95%	+2.98%
Max Drawdown (5Y) Largest decline over 5 years	-23.64%	-26.51%	+2.87%
Max Drawdown (10Y) Largest decline over 10 years	-34.45%	-36.55%	+2.10%
Current Drawdown Current decline from peak	-0.44%	-0.75%	+0.31%
Average Drawdown Average peak-to-trough decline	-7.51%	-5.06%	-2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.99%	-0.12%

Volatility

SISAX vs. CAVAX - Volatility Comparison

The current volatility for SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund (SISAX) is 2.79%, while SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) has a volatility of 2.97%. This indicates that SISAX 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

	SISAX	CAVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.97%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	8.92%	-0.91%
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	11.83%	-1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.99%	16.08%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.61%	17.39%	-1.78%

SISAX vs. CAVAX - Expense Ratio Comparison

SISAX has a 0.35% expense ratio, which is lower than CAVAX's 0.86% expense ratio.

Dividends

SISAX vs. CAVAX - Dividend Comparison

SISAX's dividend yield for the trailing twelve months is around 9.64%, more than CAVAX's 6.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund	6.18%	6.73%	7.01%	1.29%	3.67%	16.58%	2.98%	2.80%	5.66%	0.71%	0.99%	0.00%
SISAX SEI Asset Allocation Trust Tax-Managed Aggressive Strategy Fund	9.64%	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 CAVAX in my portfolio?

With a correlation of 0.98, SISAX and CAVAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SISAX or CAVAX?

CAVAX has higher volatility (2.97%) compared to SISAX (2.79%). In terms of maximum drawdown, SISAX dropped -56.25% vs CAVAX's -36.55%.

Which has better risk-adjusted returns?

SISAX currently has the higher Sharpe Ratio (2.19 vs 1.83), 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.