SMTRX vs. SEATX

Last updated Jun 5, 2026

SMTRX (ALPS/Smith Total Return Bond Fund) and SEATX (SEI Tax Exempt Trust Tax-Advantaged Income Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.95 suggests significant overlap in exposure. SMTRX charges 0.99%/yr vs 0.86%/yr for SEATX.

Performance

SMTRX vs. SEATX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Smith Total Return Bond Fund (SMTRX) and SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMTRX

• 1D: -0.21%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEATX

• 1D: -0.11%
• 1M: 0.48%
• YTD: 2.10%
• 6M: 2.31%
• 1Y: 5.05%
• 3Y*: 4.64%
• 5Y*: 0.44%
• 10Y*: 2.78%

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

SMTRX vs. SEATX - Yearly Performance Comparison

	2026 (YTD)
SMTRX ALPS/Smith Total Return Bond Fund	-0.10%
SEATX SEI Tax Exempt Trust Tax-Advantaged Income Fund	0.59%

Correlation

The correlation between SMTRX and SEATX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.95

Return for Risk

SMTRX vs. SEATX — Risk / Return Rank

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

SEATX

SEATX Risk / Return Rank: 38
SEATX Sharpe Ratio Rank: 38
SEATX Sortino Ratio Rank: 46
SEATX Omega Ratio Rank: 51
SEATX Calmar Ratio Rank: 26
SEATX Martin Ratio Rank: 30

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.

SMTRX vs. SEATX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Smith Total Return Bond Fund (SMTRX) and SEI Tax Exempt Trust Tax-Advantaged Income Fund (SEATX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SMTRX	SEATX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.76	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	-2.96	0.84	-3.80

Drawdowns

SMTRX vs. SEATX - Drawdown Comparison

The maximum SMTRX drawdown since its inception was -0.21%, smaller than the maximum SEATX drawdown of -28.46%. Use the drawdown chart below to compare losses from any high point for SMTRX and SEATX.

Drawdown Indicators

	SMTRX	SEATX	Difference
Max Drawdown Largest peak-to-trough decline	-0.21%	-28.46%	+28.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.71%	—
Current Drawdown Current decline from peak	-0.21%	-0.11%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.08%	-3.49%	+3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.76%	—

Volatility

Volatility by Period

	SMTRX	SEATX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.47%	3.02%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.47%	4.29%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.47%	4.56%	-2.09%

SMTRX vs. SEATX - Expense Ratio Comparison

SMTRX has a 0.99% expense ratio, which is higher than SEATX's 0.86% expense ratio.

Dividends

SMTRX vs. SEATX - Dividend Comparison

SMTRX's dividend yield for the trailing twelve months is around 0.36%, less than SEATX's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEATX SEI Tax Exempt Trust Tax-Advantaged Income Fund	4.69%	4.52%	4.63%	3.38%	3.16%	3.37%	4.28%	5.63%	4.76%	4.65%	4.10%	4.25%
SMTRX ALPS/Smith Total Return Bond Fund	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMTRX and SEATX in my portfolio?

With a correlation of 0.95, SMTRX and SEATX 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.