SLGAX vs. FAMRX

Last updated Jun 23, 2026

SLGAX (SEI Institutional Managed Trust Large Cap Fund) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - SLGAX is a Large Cap Blend Equities fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, SLGAX returned 13.11%/yr vs 11.84%/yr for FAMRX. Their correlation of 0.95 suggests significant overlap in exposure. SLGAX charges 0.95%/yr vs 0.70%/yr for FAMRX.

Performance

SLGAX vs. FAMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Large Cap Fund (SLGAX) and Fidelity Asset Manager 85% Fund (FAMRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLGAX achieves a 8.14% return, which is significantly lower than FAMRX's 14.24% return. Over the past 10 years, SLGAX has outperformed FAMRX with an annualized return of 13.11%, while FAMRX has yielded a comparatively lower 11.84% annualized return.

SLGAX

• 1D: 0.73%
• 1M: 0.20%
• YTD: 8.14%
• 6M: 7.34%
• 1Y: 23.73%
• 3Y*: 18.40%
• 5Y*: 11.01%
• 10Y*: 13.11%

FAMRX

• 1D: 1.41%
• 1M: 2.49%
• YTD: 14.24%
• 6M: 14.33%
• 1Y: 30.85%
• 3Y*: 18.17%
• 5Y*: 10.08%
• 10Y*: 11.84%

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

SLGAX vs. FAMRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLGAX SEI Institutional Managed Trust Large Cap Fund	8.14%	17.41%	20.38%	19.49%	-16.03%	24.30%	11.60%	29.13%	-6.92%	22.54%
FAMRX Fidelity Asset Manager 85% Fund	14.24%	20.87%	12.60%	18.98%	-18.55%	17.10%	19.37%	26.26%	-9.21%	21.08%

Correlation

The correlation between SLGAX and FAMRX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009	0.95

The correlation between SLGAX and FAMRX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

SLGAX vs. FAMRX — Risk / Return Rank

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

SLGAX

SLGAX Risk / Return Rank: 56
SLGAX Sharpe Ratio Rank: 53
SLGAX Sortino Ratio Rank: 51
SLGAX Omega Ratio Rank: 49
SLGAX Calmar Ratio Rank: 60
SLGAX Martin Ratio Rank: 70

FAMRX

FAMRX Risk / Return Rank: 75
FAMRX Sharpe Ratio Rank: 76
FAMRX Sortino Ratio Rank: 71
FAMRX Omega Ratio Rank: 72
FAMRX Calmar Ratio Rank: 76
FAMRX Martin Ratio Rank: 82

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.

SLGAX vs. FAMRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Large Cap Fund (SLGAX) and Fidelity Asset Manager 85% Fund (FAMRX). 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.

	SLGAX	FAMRX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.33	-0.35
Sortino ratio: Return per unit of downside risk	2.75	3.17	-0.42
Omega ratio: Gain probability vs. loss probability	1.35	1.43	-0.08
Calmar ratio: Return relative to maximum drawdown	2.83	3.27	-0.44
Martin ratio: Return relative to average drawdown	12.59	14.19	-1.60

SLGAX vs. FAMRX - Sharpe Ratio Comparison

The current SLGAX Sharpe Ratio is 1.98, which is comparable to the FAMRX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of SLGAX and FAMRX, 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

SLGAX vs. FAMRX - Drawdown Comparison

The maximum SLGAX drawdown since its inception was -36.80%, smaller than the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for SLGAX and FAMRX.

Drawdown Indicators

	SLGAX	FAMRX	Difference
Max Drawdown Largest peak-to-trough decline	-36.80%	-58.65%	+21.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.39%	-9.33%	+0.94%
Max Drawdown (3Y) Largest decline over 3 years	-28.89%	-15.35%	-13.54%
Max Drawdown (5Y) Largest decline over 5 years	-28.89%	-26.00%	-2.89%
Max Drawdown (10Y) Largest decline over 10 years	-36.80%	-30.96%	-5.84%
Current Drawdown Current decline from peak	-1.43%	0.00%	-1.43%
Average Drawdown Average peak-to-trough decline	-4.87%	-12.30%	+7.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.15%	-0.27%

Volatility

SLGAX vs. FAMRX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Large Cap Fund (SLGAX) is 4.28%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 5.49%. This indicates that SLGAX experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLGAX	FAMRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	5.49%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	11.02%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	13.11%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	14.79%	+4.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	15.33%	+4.36%

SLGAX vs. FAMRX - Expense Ratio Comparison

SLGAX has a 0.95% expense ratio, which is higher than FAMRX's 0.70% expense ratio.

Dividends

SLGAX vs. FAMRX - Dividend Comparison

SLGAX's dividend yield for the trailing twelve months is around 19.38%, more than FAMRX's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAMRX Fidelity Asset Manager 85% Fund	4.87%	5.56%	3.44%	1.33%	5.07%	3.15%	1.99%	5.52%	5.62%	2.31%	0.28%	4.83%
SLGAX SEI Institutional Managed Trust Large Cap Fund	19.38%	20.96%	18.18%	6.78%	10.41%	14.16%	3.68%	7.27%	16.21%	7.35%	0.94%	20.34%

Frequently Asked Questions

Can I hold both SLGAX and FAMRX in my portfolio?

With a correlation of 0.91, SLGAX and FAMRX 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, SLGAX or FAMRX?

FAMRX has higher volatility (5.49%) compared to SLGAX (4.28%). In terms of maximum drawdown, SLGAX dropped -36.80% vs FAMRX's -58.65%.

Which has better risk-adjusted returns?

FAMRX currently has the higher Sharpe Ratio (2.33 vs 1.98), 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.