SUMAX vs. NMTRX
Compare and contrast key facts about SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
SUMAX is managed by SEI. It was launched on Nov 12, 2003. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
SUMAX vs. NMTRX - Performance Comparison
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SUMAX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUMAX SEI Tax Exempt Trust Short Duration Municipal Fund | 0.34% | 4.38% | 2.49% | 3.22% | -2.08% | -0.01% | 1.77% | 2.28% | 1.09% | 0.88% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 0.18% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, SUMAX achieves a 0.34% return, which is significantly higher than NMTRX's 0.18% return. Over the past 10 years, SUMAX has underperformed NMTRX with an annualized return of 1.38%, while NMTRX has yielded a comparatively higher 2.30% annualized return.
SUMAX
- 1D
- 0.10%
- 1M
- -0.40%
- YTD
- 0.34%
- 6M
- 0.95%
- 1Y
- 3.01%
- 3Y*
- 3.08%
- 5Y*
- 1.63%
- 10Y*
- 1.38%
NMTRX
- 1D
- 0.30%
- 1M
- -1.19%
- YTD
- 0.18%
- 6M
- 1.96%
- 1Y
- 4.09%
- 3Y*
- 3.32%
- 5Y*
- 0.44%
- 10Y*
- 2.30%
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SUMAX vs. NMTRX - Expense Ratio Comparison
SUMAX has a 0.63% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
SUMAX vs. NMTRX — Risk / Return Rank
SUMAX
NMTRX
SUMAX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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.
| SUMAX | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 0.84 | +1.24 |
Sortino ratioReturn per unit of downside risk | 3.35 | 1.16 | +2.19 |
Omega ratioGain probability vs. loss probability | 1.85 | 1.23 | +0.62 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.93 | +1.67 |
Martin ratioReturn relative to average drawdown | 11.38 | 2.71 | +8.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SUMAX | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.84 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.11 | +1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.53 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.97 | +0.57 |
Correlation
The correlation between SUMAX and NMTRX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SUMAX vs. NMTRX - Dividend Comparison
SUMAX's dividend yield for the trailing twelve months is around 2.56%, less than NMTRX's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUMAX SEI Tax Exempt Trust Short Duration Municipal Fund | 2.56% | 3.37% | 2.36% | 1.73% | 0.71% | 0.58% | 1.06% | 1.45% | 1.08% | 0.67% | 0.39% | 0.79% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.18% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
SUMAX vs. NMTRX - Drawdown Comparison
The maximum SUMAX drawdown since its inception was -3.70%, smaller than the maximum NMTRX drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for SUMAX and NMTRX.
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Drawdown Indicators
| SUMAX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -16.36% | +12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.20% | -4.75% | +3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -3.70% | -16.36% | +12.66% |
Max Drawdown (10Y)Largest decline over 10 years | -3.70% | -16.36% | +12.66% |
Current DrawdownCurrent decline from peak | -0.59% | -1.96% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -2.93% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 1.63% | -1.36% |
Volatility
SUMAX vs. NMTRX - Volatility Comparison
The current volatility for SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) is 0.31%, while Nuveen Municipal Total Return Managed Accounts (NMTRX) has a volatility of 1.05%. This indicates that SUMAX experiences smaller price fluctuations and is considered to be less risky than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUMAX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 1.05% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | 1.80% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 4.91% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.37% | 3.98% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.22% | 4.38% | -3.16% |