STMSX vs. FAMRX

Last updated Aug 1, 2026

STMSX (SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund) and FAMRX (Fidelity Asset Manager 85% Fund) are both mutual funds - STMSX is a Small Cap Blend Equities fund managed by BlackRock, while FAMRX is a Diversified Portfolio fund managed by Fidelity. Over the past 10 years, STMSX returned 9.18%/yr vs 11.37%/yr for FAMRX. Their correlation of 0.90 means they have usually moved in the same direction. STMSX charges 1.11%/yr vs 0.63%/yr for FAMRX.

Performance

STMSX vs. FAMRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund (STMSX) and Fidelity Asset Manager 85% Fund (FAMRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STMSX achieves a 15.18% return, which is significantly higher than FAMRX's 12.65% return. Over the past 10 years, STMSX has underperformed FAMRX with an annualized return of 9.18%, while FAMRX has yielded a comparatively higher 11.37% annualized 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%

FAMRX

• 1D: 0.38%
• 1M: -0.38%
• 6M: 8.29%
• YTD: 12.65%
• 1Y: 24.82%
• 3Y*: 16.79%
• 5Y*: 9.09%
• 10Y*: 11.37%
• ALL TIME*: 7.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAMRX Fidelity Asset Manager 85% Fund	$0.00	$0.00	$0.00
STMSX SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund	$0.00	$0.00	$0.00

STMSX vs. FAMRX - 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%	15.89%
FAMRX Fidelity Asset Manager 85% Fund	12.65%	20.87%	12.60%	18.98%	-18.55%	17.10%	19.37%	26.26%	-9.21%	21.08%

Correlation

The correlation between STMSX and FAMRX is 0.78, 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.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001	0.90

The correlation between STMSX and FAMRX shifts across timeframes, from 0.78 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

STMSX vs. FAMRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

STMSX

STMSX Risk / Return Rank: 61
STMSX Sharpe Ratio Rank: 54
STMSX Sortino Ratio Rank: 59
STMSX Omega Ratio Rank: 48
STMSX Calmar Ratio Rank: 75
STMSX Martin Ratio Rank: 69

FAMRX

FAMRX Risk / Return Rank: 72
FAMRX Sharpe Ratio Rank: 70
FAMRX Sortino Ratio Rank: 67
FAMRX Omega Ratio Rank: 68
FAMRX Calmar Ratio Rank: 74
FAMRX Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

STMSX vs. FAMRX - 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 Fidelity Asset Manager 85% Fund (FAMRX). 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	FAMRX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.72	-0.26
Sortino ratio: Return per unit of downside risk	2.18	2.39	-0.21
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.06
Calmar ratio: Return relative to maximum drawdown	2.52	2.51	0.00
Martin ratio: Return relative to average drawdown	8.83	10.62	-1.79

STMSX vs. FAMRX - Sharpe Ratio Comparison

The current STMSX Sharpe Ratio is 1.45, which is comparable to the FAMRX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of STMSX and FAMRX, 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

STMSX vs. FAMRX - Drawdown Comparison

The maximum STMSX drawdown since its inception was -60.78%, roughly equal to the maximum FAMRX drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for STMSX and FAMRX.

Drawdown Indicators

	STMSX	FAMRX	Difference
Max Drawdown Largest peak-to-trough decline	-60.78%	-58.65%	-2.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-9.33%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-34.36%	-15.35%	-19.01%
Max Drawdown (5Y) Largest decline over 5 years	-34.36%	-26.00%	-8.36%
Max Drawdown (10Y) Largest decline over 10 years	-43.16%	-30.96%	-12.20%
Current Drawdown Current decline from peak	-1.96%	-1.45%	-0.51%
Average Drawdown Average peak-to-trough decline	-10.56%	-12.26%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.21%	+0.56%

Volatility

STMSX vs. FAMRX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Tax-Managed Small/Mid Cap Fund (STMSX) is 3.62%, while Fidelity Asset Manager 85% Fund (FAMRX) has a volatility of 3.90%. This indicates that STMSX experiences smaller price fluctuations and is considered to be less risky than FAMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STMSX	FAMRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	3.90%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	12.22%	11.57%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.82%	13.68%	+3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.07%	14.85%	+8.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.83%	15.29%	+7.54%

STMSX vs. FAMRX - Expense Ratio Comparison

STMSX has a 1.11% expense ratio, which is higher than FAMRX's 0.63% expense ratio.

Dividends

STMSX vs. FAMRX - Dividend Comparison

STMSX's dividend yield for the trailing twelve months is around 3.59%, less than FAMRX's 4.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAMRX Fidelity Asset Manager 85% Fund	4.94%	5.56%	3.44%	1.33%	5.07%	3.15%	1.99%	5.52%	5.62%	2.31%	0.28%	4.83%
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

Can I hold both STMSX and FAMRX in my portfolio?

STMSX and FAMRX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STMSX or FAMRX?

FAMRX has higher volatility (3.90%) compared to STMSX (3.62%). In terms of maximum drawdown, STMSX dropped -60.78% vs FAMRX's -58.65%.

Which has better risk-adjusted returns?

FAMRX currently has the higher Sharpe Ratio (1.72 vs 1.45), 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.