STMSX vs. CSMDX
STMSX (SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund) and CSMDX (Copeland SMID Cap Dividend Growth Fund) are both Small Cap Blend Equities funds. Over the past 5 years, STMSX returned 7.09%/yr vs 5.09%/yr for CSMDX. Their correlation of 0.94 means they have usually moved in the same direction. STMSX charges 1.11%/yr vs 0.95%/yr for CSMDX.
Performance
STMSX vs. CSMDX - Performance Comparison
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Returns By Period
In the year-to-date period, STMSX achieves a 15.18% return, which is significantly higher than CSMDX's 13.17% return.
STMSX
- 1D
- 0.81%
- 1M
- -0.36%
- 6M
- 10.73%
- YTD
- 15.18%
- 1Y
- 27.35%
- 3Y*
- 13.44%
- 5Y*
- 7.09%
- 10Y*
- 9.18%
- ALL TIME*
- 7.83%
CSMDX
- 1D
- 0.29%
- 1M
- -0.75%
- 6M
- 6.67%
- YTD
- 13.17%
- 1Y
- 16.86%
- 3Y*
- 6.84%
- 5Y*
- 5.09%
- 10Y*
- —
- ALL TIME*
- 8.58%
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 |
STMSX vs. CSMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STMSX SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund | 15.18% | 8.67% | 13.34% | 12.97% | -16.91% | 23.68% | 10.41% | 21.99% | -12.34% | 11.99% |
CSMDX Copeland SMID Cap Dividend Growth Fund | 13.17% | 2.72% | 2.24% | 18.89% | -14.89% | 22.60% | 8.29% | 29.90% | -5.20% | 10.44% |
Correlation
The correlation between STMSX and CSMDX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2017 | 0.94 |
The correlation between STMSX and CSMDX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
STMSX vs. CSMDX — Risk / Return Rank
STMSX
CSMDX
STMSX vs. CSMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund (STMSX) and Copeland SMID Cap Dividend Growth Fund (CSMDX). 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.
| STMSX | CSMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.72 | +0.80 |
| Martin ratioReturn relative to average drawdown | 8.83 | 5.33 | +3.50 |
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Drawdowns
STMSX vs. CSMDX - Drawdown Comparison
The maximum STMSX drawdown since its inception was -60.78%, which is greater than CSMDX's maximum drawdown of -37.28%. Use the drawdown chart below to compare losses from any high point for STMSX and CSMDX.
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Drawdown Indicators
| STMSX | CSMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.78% | -37.28% | -23.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -9.20% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -34.36% | -24.60% | -9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -34.36% | -24.60% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -43.16% | — | — |
Current DrawdownCurrent decline from peak | -1.96% | -1.31% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -10.56% | -5.69% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.97% | -0.20% |
Volatility
STMSX vs. CSMDX - Volatility Comparison
SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund (STMSX) has a higher volatility of 3.62% compared to Copeland SMID Cap Dividend Growth Fund (CSMDX) at 3.31%. This indicates that STMSX's price experiences larger fluctuations and is considered to be riskier than CSMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STMSX | CSMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.31% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.22% | 10.17% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 14.39% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.07% | 18.12% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.83% | 19.07% | +3.76% |
STMSX vs. CSMDX - Expense Ratio Comparison
STMSX has a 1.11% expense ratio, which is higher than CSMDX's 0.95% expense ratio.
Dividends
STMSX vs. CSMDX - Dividend Comparison
STMSX's dividend yield for the trailing twelve months is around 3.59%, more than CSMDX's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSMDX Copeland SMID Cap Dividend Growth Fund | 2.77% | 3.14% | 1.33% | 0.81% | 4.07% | 6.67% | 0.38% | 2.61% | 4.40% | 0.13% | 0.00% | 0.00% |
STMSX SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund | 3.59% | 4.41% | 21.88% | 3.11% | 0.84% | 9.68% | 0.29% | 2.54% | 9.26% | 1.89% | 0.41% | 0.25% |
Frequently Asked Questions
STMSX and CSMDX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STMSX has higher volatility (3.62%) compared to CSMDX (3.31%). In terms of maximum drawdown, STMSX dropped -60.78% vs CSMDX's -37.28%.
STMSX currently has the higher Sharpe Ratio (1.45 vs 1.11), 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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