SVTAX vs. SCHD

Last updated Aug 1, 2026

SVTAX (SEI Institutional Managed Trust Global Managed Volatility Fund) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - SVTAX is a Global Equities fund managed by BlackRock, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, SVTAX returned 7.24%/yr vs 12.76%/yr for SCHD. Their correlation of 0.80 means they have usually moved in the same direction. SVTAX charges 1.11%/yr vs 0.06%/yr for SCHD.

Performance

SVTAX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVTAX achieves a 7.32% return, which is significantly lower than SCHD's 24.03% return. Over the past 10 years, SVTAX has underperformed SCHD with an annualized return of 7.24%, while SCHD has yielded a comparatively higher 12.76% annualized return.

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%

SCHD

• 1D: 0.18%
• 1M: 3.33%
• 6M: 14.09%
• YTD: 24.03%
• 1Y: 31.54%
• 3Y*: 14.19%
• 5Y*: 9.54%
• 10Y*: 12.76%
• ALL TIME*: 13.39%

*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)
SCHD Schwab U.S. Dividend Equity ETF	$786.88M	$715.86M	$685.58M
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund	$0.00	$0.00	$0.00

SVTAX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
SCHD Schwab U.S. Dividend Equity ETF	24.03%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between SVTAX and SCHD is 0.68, 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.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.78
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.80

The correlation between SVTAX and SCHD shifts across timeframes, from 0.68 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SVTAX vs. SCHD — Risk / Return Rank

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

SVTAX

SVTAX Risk / Return Rank: 53
SVTAX Sharpe Ratio Rank: 60
SVTAX Sortino Ratio Rank: 66
SVTAX Omega Ratio Rank: 59
SVTAX Calmar Ratio Rank: 48
SVTAX Martin Ratio Rank: 34

SCHD

SCHD Risk / Return Rank: 95
SCHD Sharpe Ratio Rank: 96
SCHD Sortino Ratio Rank: 96
SCHD Omega Ratio Rank: 94
SCHD Calmar Ratio Rank: 96
SCHD Martin Ratio Rank: 93

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.

SVTAX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	SVTAX	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.81	-1.35
Sortino ratio: Return per unit of downside risk	2.26	4.37	-2.11
Omega ratio: Gain probability vs. loss probability	1.27	1.51	-0.24
Calmar ratio: Return relative to maximum drawdown	1.81	6.74	-4.93
Martin ratio: Return relative to average drawdown	4.98	17.01	-12.04

SVTAX vs. SCHD - Sharpe Ratio Comparison

The current SVTAX Sharpe Ratio is 1.46, which is lower than the SCHD Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of SVTAX and SCHD, 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

SVTAX vs. SCHD - Drawdown Comparison

The maximum SVTAX drawdown since its inception was -43.81%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SVTAX and SCHD.

Drawdown Indicators

	SVTAX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-43.81%	-33.37%	-10.44%
Max Drawdown (1Y) Largest decline over 1 year	-5.99%	-4.61%	-1.38%
Max Drawdown (3Y) Largest decline over 3 years	-10.37%	-16.13%	+5.76%
Max Drawdown (5Y) Largest decline over 5 years	-16.52%	-16.85%	+0.33%
Max Drawdown (10Y) Largest decline over 10 years	-31.02%	-33.37%	+2.35%
Current Drawdown Current decline from peak	-0.44%	-1.24%	+0.80%
Average Drawdown Average peak-to-trough decline	-8.01%	-3.30%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.82%	+0.35%

Volatility

SVTAX vs. SCHD - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX) is 2.81%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 4.11%. This indicates that SVTAX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVTAX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	4.11%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	5.73%	8.11%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	7.42%	11.13%	-3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.64%	14.39%	-3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.24%	16.72%	-4.48%

SVTAX vs. SCHD - Expense Ratio Comparison

SVTAX has a 1.11% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

SVTAX vs. SCHD - Dividend Comparison

SVTAX's dividend yield for the trailing twelve months is around 8.17%, more than SCHD's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.13%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
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

Can I hold both SVTAX and SCHD in my portfolio?

SVTAX and SCHD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVTAX or SCHD?

SCHD has higher volatility (4.11%) compared to SVTAX (2.81%). In terms of maximum drawdown, SVTAX dropped -43.81% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.81 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.