SNSAX vs. FCFAX

Last updated Jun 24, 2026

SNSAX (SEI Asset Allocation Trust Defensive Strategy Fund) and FCFAX (Frost Credit Fund) are both Short-Term Bond funds. Over the past 10 years, SNSAX returned 2.84%/yr vs 5.25%/yr for FCFAX. At a 0.48 correlation, their price movements are largely independent. SNSAX charges 0.61%/yr vs 0.96%/yr for FCFAX.

Performance

SNSAX vs. FCFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Asset Allocation Trust Defensive Strategy Fund (SNSAX) and Frost Credit Fund (FCFAX). 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 SNSAX having a 1.56% return and FCFAX slightly higher at 1.58%. Over the past 10 years, SNSAX has underperformed FCFAX with an annualized return of 2.84%, while FCFAX has yielded a comparatively higher 5.25% annualized return.

SNSAX

• 1D: -0.10%
• 1M: -0.10%
• YTD: 1.56%
• 6M: 1.66%
• 1Y: 4.68%
• 3Y*: 5.29%
• 5Y*: 2.93%
• 10Y*: 2.84%

FCFAX

• 1D: -0.11%
• 1M: 0.61%
• YTD: 1.58%
• 6M: 1.66%
• 1Y: 4.56%
• 3Y*: 7.15%
• 5Y*: 3.77%
• 10Y*: 5.25%

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

SNSAX vs. FCFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNSAX SEI Asset Allocation Trust Defensive Strategy Fund	1.56%	6.29%	5.12%	4.67%	-3.55%	2.35%	2.72%	6.25%	-0.26%	2.81%
FCFAX Frost Credit Fund	1.58%	5.21%	8.01%	11.23%	-7.83%	5.07%	6.22%	6.95%	0.89%	7.95%

Correlation

The correlation between SNSAX and FCFAX 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	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.48

Over the past year, SNSAX and FCFAX have become more correlated (0.69) than their long-term average of 0.48, meaning their price movements have been converging.

Return for Risk

SNSAX vs. FCFAX — Risk / Return Rank

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

SNSAX

SNSAX Risk / Return Rank: 85
SNSAX Sharpe Ratio Rank: 89
SNSAX Sortino Ratio Rank: 90
SNSAX Omega Ratio Rank: 87
SNSAX Calmar Ratio Rank: 80
SNSAX Martin Ratio Rank: 81

FCFAX

FCFAX Risk / Return Rank: 60
FCFAX Sharpe Ratio Rank: 59
FCFAX Sortino Ratio Rank: 71
FCFAX Omega Ratio Rank: 67
FCFAX Calmar Ratio Rank: 50
FCFAX Martin Ratio Rank: 50

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.

SNSAX vs. FCFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Asset Allocation Trust Defensive Strategy Fund (SNSAX) and Frost Credit Fund (FCFAX). 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.

	SNSAX	FCFAX	Difference
Sharpe ratio: Return per unit of total volatility	2.71	2.09	+0.62
Sortino ratio: Return per unit of downside risk	4.08	3.20	+0.88
Omega ratio: Gain probability vs. loss probability	1.57	1.42	+0.15
Calmar ratio: Return relative to maximum drawdown	3.51	2.59	+0.92
Martin ratio: Return relative to average drawdown	14.02	9.67	+4.35

SNSAX vs. FCFAX - Sharpe Ratio Comparison

The current SNSAX Sharpe Ratio is 2.71, which is comparable to the FCFAX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SNSAX and FCFAX, 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

SNSAX vs. FCFAX - Drawdown Comparison

The maximum SNSAX drawdown since its inception was -12.22%, smaller than the maximum FCFAX drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for SNSAX and FCFAX.

Drawdown Indicators

	SNSAX	FCFAX	Difference
Max Drawdown Largest peak-to-trough decline	-12.22%	-16.33%	+4.11%
Max Drawdown (1Y) Largest decline over 1 year	-1.41%	-1.82%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	-1.96%	-2.82%	+0.86%
Max Drawdown (5Y) Largest decline over 5 years	-6.87%	-10.49%	+3.62%
Max Drawdown (10Y) Largest decline over 10 years	-6.87%	-16.33%	+9.46%
Current Drawdown Current decline from peak	-0.40%	-0.11%	-0.29%
Average Drawdown Average peak-to-trough decline	-1.83%	-1.52%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.35%	0.48%	-0.13%

Volatility

SNSAX vs. FCFAX - Volatility Comparison

SEI Asset Allocation Trust Defensive Strategy Fund (SNSAX) and Frost Credit Fund (FCFAX) have volatilities of 0.66% and 0.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNSAX	FCFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	0.63%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	1.39%	1.75%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	1.83%	2.26%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.80%	2.77%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.58%	3.24%	-0.66%

SNSAX vs. FCFAX - Expense Ratio Comparison

SNSAX has a 0.61% expense ratio, which is lower than FCFAX's 0.96% expense ratio.

Dividends

SNSAX vs. FCFAX - Dividend Comparison

SNSAX's dividend yield for the trailing twelve months is around 3.13%, less than FCFAX's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCFAX Frost Credit Fund	6.15%	6.10%	5.76%	5.93%	5.00%	3.65%	3.69%	4.62%	5.05%	5.85%	4.84%	4.95%
SNSAX SEI Asset Allocation Trust Defensive Strategy Fund	3.13%	3.19%	4.20%	3.08%	3.74%	3.47%	1.88%	2.40%	1.81%	1.85%	1.19%	1.21%

Frequently Asked Questions

Can I hold both SNSAX and FCFAX in my portfolio?

SNSAX and FCFAX 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, SNSAX or FCFAX?

SNSAX has higher volatility (0.66%) compared to FCFAX (0.63%). In terms of maximum drawdown, SNSAX dropped -12.22% vs FCFAX's -16.33%.

Which has better risk-adjusted returns?

SNSAX currently has the higher Sharpe Ratio (2.71 vs 2.09), 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.