SVOAX vs. SVTAX
SVOAX (SEI Institutional Managed Trust U.S. Managed Volatility Fund) and SVTAX (SEI Institutional Managed Trust Global Managed Volatility Fund) are both mutual funds - SVOAX is a Low Volatility fund managed by BlackRock, while SVTAX is a Global Equities fund managed by BlackRock. Over the past 10 years, SVOAX returned 8.81%/yr vs 7.24%/yr for SVTAX. Their correlation of 0.87 means they have usually moved in the same direction. SVOAX charges 0.90%/yr vs 1.11%/yr for SVTAX.
Performance
SVOAX vs. SVTAX - Performance Comparison
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Returns By Period
In the year-to-date period, SVOAX achieves a 9.20% return, which is significantly higher than SVTAX's 7.32% return. Over the past 10 years, SVOAX has outperformed SVTAX with an annualized return of 8.81%, while SVTAX has yielded a comparatively lower 7.24% annualized return.
SVOAX
- 1D
- -0.97%
- 1M
- 3.51%
- 6M
- 6.84%
- YTD
- 9.20%
- 1Y
- 14.77%
- 3Y*
- 12.41%
- 5Y*
- 8.33%
- 10Y*
- 8.81%
- ALL TIME*
- 8.95%
SVTAX
- 1D
- -0.44%
- 1M
- 3.20%
- 6M
- 5.02%
- YTD
- 7.32%
- 1Y
- 11.57%
- 3Y*
- 11.84%
- 5Y*
- 7.63%
- 10Y*
- 7.24%
- ALL TIME*
- 6.38%
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 |
SVOAX vs. SVTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVOAX SEI Institutional Managed Trust U.S. Managed Volatility Fund | 9.20% | 10.47% | 15.46% | 3.68% | -1.10% | 19.77% | -2.15% | 24.17% | -2.75% | 14.04% |
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund | 7.32% | 13.44% | 12.77% | 7.77% | -7.80% | 18.18% | -2.68% | 19.81% | -6.47% | 17.19% |
Correlation
The correlation between SVOAX and SVTAX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2006 | 0.87 |
The correlation between SVOAX and SVTAX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
SVOAX vs. SVTAX — Risk / Return Rank
SVOAX
SVTAX
SVOAX vs. SVTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust U.S. Managed Volatility Fund (SVOAX) and SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX). 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.
| SVOAX | SVTAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.81 | +0.71 |
| Martin ratioReturn relative to average drawdown | 7.98 | 4.98 | +3.00 |
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Drawdowns
SVOAX vs. SVTAX - Drawdown Comparison
The maximum SVOAX drawdown since its inception was -47.22%, which is greater than SVTAX's maximum drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for SVOAX and SVTAX.
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Drawdown Indicators
| SVOAX | SVTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.22% | -43.81% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -5.99% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -10.37% | -9.82% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -16.52% | -3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -34.09% | -31.02% | -3.07% |
Current DrawdownCurrent decline from peak | -1.11% | -0.44% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -8.01% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.17% | -0.47% |
Volatility
SVOAX vs. SVTAX - Volatility Comparison
SEI Institutional Managed Trust U.S. Managed Volatility Fund (SVOAX) has a higher volatility of 3.76% compared to SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX) at 2.81%. This indicates that SVOAX's price experiences larger fluctuations and is considered to be riskier than SVTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVOAX | SVTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 2.81% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 5.73% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.23% | 7.42% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 10.64% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 12.24% | +3.93% |
SVOAX vs. SVTAX - Expense Ratio Comparison
SVOAX has a 0.90% expense ratio, which is lower than SVTAX's 1.11% expense ratio.
Dividends
SVOAX vs. SVTAX - Dividend Comparison
SVOAX's dividend yield for the trailing twelve months is around 15.57%, more than SVTAX's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVOAX SEI Institutional Managed Trust U.S. Managed Volatility Fund | 15.57% | 16.95% | 17.05% | 13.66% | 11.01% | 18.42% | 1.47% | 4.66% | 13.86% | 9.21% | 4.35% | 6.58% |
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund | 8.17% | 8.77% | 8.68% | 5.76% | 10.62% | 11.81% | 1.00% | 5.39% | 10.70% | 7.90% | 5.97% | 6.45% |
Frequently Asked Questions
With a correlation of 0.91, SVOAX and SVTAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SVOAX has higher volatility (3.76%) compared to SVTAX (2.81%). In terms of maximum drawdown, SVOAX dropped -47.22% vs SVTAX's -43.81%.
SVOAX currently has the higher Sharpe Ratio (1.47 vs 1.46), 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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