SMQFX vs. CAVAX
SMQFX (SEI Institutional Investments Trust Emerging Markets Equity Fund) and CAVAX (SEI Catholic Values Trust Catholic Values Equity Fund) are both mutual funds - SMQFX is a Emerging Markets Equities fund managed by SEI, while CAVAX is a Large Cap Blend Equities fund managed by SEI. Over the past 10 years, SMQFX returned 10.49%/yr vs 11.86%/yr for CAVAX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. SMQFX charges 0.59%/yr vs 0.86%/yr for CAVAX.
Performance
SMQFX vs. CAVAX - Performance Comparison
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Returns By Period
In the year-to-date period, SMQFX achieves a 16.94% return, which is significantly higher than CAVAX's 10.15% return. Over the past 10 years, SMQFX has underperformed CAVAX with an annualized return of 10.49%, while CAVAX has yielded a comparatively higher 11.86% annualized return.
SMQFX
- 1D
- 3.48%
- 1M
- -1.44%
- 6M
- 6.52%
- YTD
- 16.94%
- 1Y
- 36.80%
- 3Y*
- 21.52%
- 5Y*
- 11.22%
- 10Y*
- 10.49%
- ALL TIME*
- 8.42%
CAVAX
- 1D
- 1.80%
- 1M
- 2.08%
- 6M
- 7.79%
- YTD
- 10.15%
- 1Y
- 19.90%
- 3Y*
- 15.56%
- 5Y*
- 8.92%
- 10Y*
- 11.86%
- ALL TIME*
- 11.82%
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 |
SMQFX vs. CAVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMQFX SEI Institutional Investments Trust Emerging Markets Equity Fund | 16.94% | 40.14% | 9.19% | 16.67% | -19.31% | 8.09% | 17.33% | 18.91% | -17.67% | 33.53% |
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund | 10.15% | 15.45% | 16.72% | 21.33% | -18.51% | 20.57% | 17.33% | 26.63% | -10.24% | 23.69% |
Correlation
The correlation between SMQFX and CAVAX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.69 |
The correlation between SMQFX and CAVAX has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
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Return for Risk
SMQFX vs. CAVAX — Risk / Return Rank
SMQFX
CAVAX
SMQFX vs. CAVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Emerging Markets Equity Fund (SMQFX) 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.
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.
| SMQFX | CAVAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.07 | +0.49 |
| Martin ratioReturn relative to average drawdown | 8.42 | 8.56 | -0.14 |
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Drawdowns
SMQFX vs. CAVAX - Drawdown Comparison
The maximum SMQFX drawdown since its inception was -40.14%, which is greater than CAVAX's maximum drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for SMQFX and CAVAX.
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Drawdown Indicators
| SMQFX | CAVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -36.55% | -3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.62% | -8.49% | -5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -17.95% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -36.37% | -26.51% | -9.86% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -36.55% | -3.59% |
Current DrawdownCurrent decline from peak | -7.79% | 0.00% | -7.79% |
Average DrawdownAverage peak-to-trough decline | -11.97% | -5.01% | -6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 2.06% | +2.08% |
Volatility
SMQFX vs. CAVAX - Volatility Comparison
SEI Institutional Investments Trust Emerging Markets Equity Fund (SMQFX) has a higher volatility of 7.77% compared to SEI Catholic Values Trust Catholic Values Equity Fund (CAVAX) at 3.51%. This indicates that SMQFX's price experiences larger fluctuations and is considered to be riskier than CAVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMQFX | CAVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 3.51% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 9.66% | +8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 12.48% | +7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 16.16% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 17.31% | -0.08% |
SMQFX vs. CAVAX - Expense Ratio Comparison
SMQFX has a 0.59% expense ratio, which is lower than CAVAX's 0.86% expense ratio.
Dividends
SMQFX vs. CAVAX - Dividend Comparison
SMQFX's dividend yield for the trailing twelve months is around 25.85%, more than CAVAX's 6.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAVAX SEI Catholic Values Trust Catholic Values Equity Fund | 6.11% | 6.73% | 7.01% | 1.29% | 3.67% | 16.58% | 2.98% | 2.80% | 5.66% | 0.71% | 0.99% | 0.00% |
SMQFX SEI Institutional Investments Trust Emerging Markets Equity Fund | 25.85% | 30.23% | 6.43% | 3.24% | 5.32% | 17.70% | 1.80% | 1.89% | 11.55% | 2.70% | 2.15% | 1.69% |
Frequently Asked Questions
SMQFX and CAVAX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMQFX has higher volatility (7.77%) compared to CAVAX (3.51%). In terms of maximum drawdown, SMQFX dropped -40.14% vs CAVAX's -36.55%.
SMQFX currently has the higher Sharpe Ratio (1.74 vs 1.41), 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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