SMOAX vs. AVEFX

Last updated Jun 25, 2026

SMOAX (SEI Asset Allocation Trust Moderate Strategy Fund) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 10 years, SMOAX returned 4.85%/yr vs 3.79%/yr for AVEFX. A 0.73 correlation means they provide meaningful diversification when combined. SMOAX charges 0.31%/yr vs 0.41%/yr for AVEFX.

Performance

SMOAX vs. AVEFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Asset Allocation Trust Moderate Strategy Fund (SMOAX) and Ave Maria Bond Fund (AVEFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMOAX achieves a 3.58% return, which is significantly higher than AVEFX's 0.71% return. Over the past 10 years, SMOAX has outperformed AVEFX with an annualized return of 4.85%, while AVEFX has yielded a comparatively lower 3.79% annualized return.

SMOAX

• 1D: -0.31%
• 1M: -0.55%
• YTD: 3.58%
• 6M: 3.34%
• 1Y: 9.24%
• 3Y*: 8.33%
• 5Y*: 3.95%
• 10Y*: 4.85%

AVEFX

• 1D: 0.00%
• 1M: -0.66%
• YTD: 0.71%
• 6M: 0.60%
• 1Y: 3.17%
• 3Y*: 5.56%
• 5Y*: 2.79%
• 10Y*: 3.79%

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

SMOAX vs. AVEFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMOAX SEI Asset Allocation Trust Moderate Strategy Fund	3.58%	11.44%	6.40%	6.34%	-9.68%	7.42%	3.66%	13.98%	-3.54%	8.45%
AVEFX Ave Maria Bond Fund	0.71%	5.63%	5.71%	5.16%	-2.84%	4.38%	5.60%	8.30%	0.41%	4.16%

Correlation

The correlation between SMOAX and AVEFX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 18, 2003	0.73

The correlation between SMOAX and AVEFX shifts across timeframes, from 0.69 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SMOAX vs. AVEFX — Risk / Return Rank

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

SMOAX

SMOAX Risk / Return Rank: 61
SMOAX Sharpe Ratio Rank: 71
SMOAX Sortino Ratio Rank: 70
SMOAX Omega Ratio Rank: 69
SMOAX Calmar Ratio Rank: 46
SMOAX Martin Ratio Rank: 51

AVEFX

AVEFX Risk / Return Rank: 16
AVEFX Sharpe Ratio Rank: 18
AVEFX Sortino Ratio Rank: 19
AVEFX Omega Ratio Rank: 17
AVEFX Calmar Ratio Rank: 14
AVEFX Martin Ratio Rank: 12

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.

SMOAX vs. AVEFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Asset Allocation Trust Moderate Strategy Fund (SMOAX) and Ave Maria Bond Fund (AVEFX). 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.

	SMOAX	AVEFX	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.10	+1.01
Sortino ratio: Return per unit of downside risk	2.95	1.64	+1.31
Omega ratio: Gain probability vs. loss probability	1.39	1.19	+0.20
Calmar ratio: Return relative to maximum drawdown	2.29	1.16	+1.14
Martin ratio: Return relative to average drawdown	9.20	2.98	+6.22

SMOAX vs. AVEFX - Sharpe Ratio Comparison

The current SMOAX Sharpe Ratio is 2.11, which is higher than the AVEFX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of SMOAX and AVEFX, 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

SMOAX vs. AVEFX - Drawdown Comparison

The maximum SMOAX drawdown since its inception was -37.80%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for SMOAX and AVEFX.

Drawdown Indicators

	SMOAX	AVEFX	Difference
Max Drawdown Largest peak-to-trough decline	-37.80%	-10.24%	-27.56%
Max Drawdown (1Y) Largest decline over 1 year	-4.26%	-2.83%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-5.03%	-2.83%	-2.20%
Max Drawdown (5Y) Largest decline over 5 years	-16.63%	-7.57%	-9.06%
Max Drawdown (10Y) Largest decline over 10 years	-16.94%	-10.24%	-6.70%
Current Drawdown Current decline from peak	-1.16%	-2.83%	+1.67%
Average Drawdown Average peak-to-trough decline	-4.36%	-0.97%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.10%	-0.04%

Volatility

SMOAX vs. AVEFX - Volatility Comparison

SEI Asset Allocation Trust Moderate Strategy Fund (SMOAX) has a higher volatility of 1.53% compared to Ave Maria Bond Fund (AVEFX) at 0.88%. This indicates that SMOAX's price experiences larger fluctuations and is considered to be riskier than AVEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMOAX	AVEFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	0.88%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	3.73%	2.30%	+1.43%
Volatility (1Y) Calculated over the trailing 1-year period	4.65%	2.99%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.04%	4.13%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.12%	4.02%	+2.10%

SMOAX vs. AVEFX - Expense Ratio Comparison

SMOAX has a 0.31% expense ratio, which is lower than AVEFX's 0.41% expense ratio.

Dividends

SMOAX vs. AVEFX - Dividend Comparison

SMOAX's dividend yield for the trailing twelve months is around 3.11%, less than AVEFX's 3.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEFX Ave Maria Bond Fund	3.49%	3.51%	2.94%	2.47%	3.59%	2.32%	2.43%	3.31%	3.21%	2.04%	2.94%	1.89%
SMOAX SEI Asset Allocation Trust Moderate Strategy Fund	3.11%	3.17%	3.49%	2.68%	9.53%	5.06%	2.69%	3.30%	2.38%	2.09%	2.58%	3.02%

Frequently Asked Questions

Can I hold both SMOAX and AVEFX in my portfolio?

SMOAX and AVEFX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMOAX or AVEFX?

SMOAX has higher volatility (1.53%) compared to AVEFX (0.88%). In terms of maximum drawdown, SMOAX dropped -37.80% vs AVEFX's -10.24%.

Which has better risk-adjusted returns?

SMOAX currently has the higher Sharpe Ratio (2.11 vs 1.10), 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.