SUMAX vs. SEIMX
Compare and contrast key facts about SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) and SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX).
SUMAX is managed by SEI. It was launched on Nov 12, 2003. SEIMX is managed by SEI. It was launched on Sep 4, 1989.
Performance
SUMAX vs. SEIMX - Performance Comparison
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SUMAX vs. SEIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUMAX SEI Tax Exempt Trust Short Duration Municipal Fund | 0.24% | 4.38% | 2.49% | 3.22% | -2.08% | -0.01% | 1.77% | 2.28% | 1.09% | 0.88% |
SEIMX SEI Tax Exempt Trust Intermediate-Term Municipal Fund | -0.43% | 5.10% | 1.52% | 5.02% | -8.87% | 1.39% | 4.87% | 7.17% | 0.70% | 4.62% |
Returns By Period
In the year-to-date period, SUMAX achieves a 0.24% return, which is significantly higher than SEIMX's -0.43% return. Over the past 10 years, SUMAX has underperformed SEIMX with an annualized return of 1.37%, while SEIMX has yielded a comparatively higher 1.83% annualized return.
SUMAX
- 1D
- 0.10%
- 1M
- -0.60%
- YTD
- 0.24%
- 6M
- 0.84%
- 1Y
- 2.90%
- 3Y*
- 3.04%
- 5Y*
- 1.61%
- 10Y*
- 1.37%
SEIMX
- 1D
- 0.27%
- 1M
- -2.30%
- YTD
- -0.43%
- 6M
- 0.79%
- 1Y
- 3.62%
- 3Y*
- 2.94%
- 5Y*
- 0.67%
- 10Y*
- 1.83%
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SUMAX vs. SEIMX - Expense Ratio Comparison
Both SUMAX and SEIMX have an expense ratio of 0.63%.
Return for Risk
SUMAX vs. SEIMX — Risk / Return Rank
SUMAX
SEIMX
SUMAX vs. SEIMX - 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 SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX). 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 | SEIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.02 | +1.06 |
Sortino ratioReturn per unit of downside risk | 3.35 | 1.35 | +1.99 |
Omega ratioGain probability vs. loss probability | 1.85 | 1.29 | +0.56 |
Calmar ratioReturn relative to maximum drawdown | 2.81 | 1.22 | +1.59 |
Martin ratioReturn relative to average drawdown | 12.45 | 4.49 | +7.95 |
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 | SEIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.02 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.21 | +0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 0.51 | +0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 1.39 | +0.15 |
Correlation
The correlation between SUMAX and SEIMX is 0.52, 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. SEIMX - Dividend Comparison
SUMAX's dividend yield for the trailing twelve months is around 2.56%, less than SEIMX's 3.00% 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% |
SEIMX SEI Tax Exempt Trust Intermediate-Term Municipal Fund | 3.00% | 3.93% | 2.60% | 2.13% | 1.79% | 2.13% | 2.39% | 2.71% | 2.60% | 2.43% | 2.49% | 2.51% |
Drawdowns
SUMAX vs. SEIMX - Drawdown Comparison
The maximum SUMAX drawdown since its inception was -3.70%, smaller than the maximum SEIMX drawdown of -13.27%. Use the drawdown chart below to compare losses from any high point for SUMAX and SEIMX.
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Drawdown Indicators
| SUMAX | SEIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -13.27% | +9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.20% | -3.88% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -3.70% | -13.27% | +9.57% |
Max Drawdown (10Y)Largest decline over 10 years | -3.70% | -13.27% | +9.57% |
Current DrawdownCurrent decline from peak | -0.69% | -2.47% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -1.49% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 1.05% | -0.78% |
Volatility
SUMAX vs. SEIMX - Volatility Comparison
The current volatility for SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) is 0.29%, while SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) has a volatility of 1.03%. This indicates that SUMAX experiences smaller price fluctuations and is considered to be less risky than SEIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUMAX | SEIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 1.03% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 0.77% | 1.51% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 3.92% | -2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.37% | 3.23% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.22% | 3.63% | -2.41% |