SVTAX vs. VMNVX

Last updated Jun 3, 2026

SVTAX (SEI Institutional Managed Trust Global Managed Volatility Fund) and VMNVX (Vanguard Global Minimum Volatility Fund Admiral Shares) are both Global Equities funds. Over the past 10 years, SVTAX returned 7.26%/yr vs 8.74%/yr for VMNVX. Their correlation of 0.92 suggests significant overlap in exposure. SVTAX charges 1.11%/yr vs 0.14%/yr for VMNVX.

Performance

SVTAX vs. VMNVX - 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 Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVTAX achieves a 3.52% return, which is significantly lower than VMNVX's 8.44% return. Over the past 10 years, SVTAX has underperformed VMNVX with an annualized return of 7.26%, while VMNVX has yielded a comparatively higher 8.74% annualized return.

SVTAX

• 1D: -0.09%
• 1M: 0.55%
• YTD: 3.52%
• 6M: 4.30%
• 1Y: 6.36%
• 3Y*: 11.39%
• 5Y*: 7.43%
• 10Y*: 7.26%

VMNVX

• 1D: 0.32%
• 1M: 2.27%
• YTD: 8.44%
• 6M: 8.94%
• 1Y: 13.06%
• 3Y*: 13.68%
• 5Y*: 9.33%
• 10Y*: 8.74%

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

SVTAX vs. VMNVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund	3.52%	13.44%	12.77%	7.77%	-7.80%	18.18%	-2.68%	19.81%	-6.47%	17.19%
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares	8.44%	12.83%	13.42%	7.94%	-4.46%	15.40%	-3.94%	22.66%	-1.70%	16.03%

Correlation

The correlation between SVTAX and VMNVX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013	0.92

The correlation between SVTAX and VMNVX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

SVTAX vs. VMNVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SVTAX

SVTAX Risk / Return Rank: 12
SVTAX Sharpe Ratio Rank: 12
SVTAX Sortino Ratio Rank: 12
SVTAX Omega Ratio Rank: 11
SVTAX Calmar Ratio Rank: 13
SVTAX Martin Ratio Rank: 13

VMNVX

VMNVX Risk / Return Rank: 41
VMNVX Sharpe Ratio Rank: 44
VMNVX Sortino Ratio Rank: 45
VMNVX Omega Ratio Rank: 43
VMNVX Calmar Ratio Rank: 33
VMNVX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SVTAX vs. VMNVX - 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 Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX). 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.

	SVTAX	VMNVX	Difference
Sharpe ratio Return per unit of total volatility	0.94	1.96	-1.02
Sortino ratio Return per unit of downside risk	1.40	2.81	-1.42
Omega ratio Gain probability vs. loss probability	1.16	1.35	-0.19
Calmar ratio Return relative to maximum drawdown	1.22	2.19	-0.97
Martin ratio Return relative to average drawdown	3.86	8.56	-4.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVTAX vs. VMNVX - Sharpe Ratio Comparison

The current SVTAX Sharpe Ratio is 0.94, which is lower than the VMNVX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of SVTAX and VMNVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SVTAX	VMNVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	1.96	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.98	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.73	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.80	-0.30

Drawdowns

SVTAX vs. VMNVX - Drawdown Comparison

The maximum SVTAX drawdown since its inception was -43.81%, which is greater than VMNVX's maximum drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for SVTAX and VMNVX.

Drawdown Indicators

	SVTAX	VMNVX	Difference
Max Drawdown Largest peak-to-trough decline	-43.81%	-33.11%	-10.70%
Max Drawdown (1Y) Largest decline over 1 year	-5.99%	-6.24%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-10.37%	-7.93%	-2.44%
Max Drawdown (5Y) Largest decline over 5 years	-16.52%	-12.93%	-3.59%
Max Drawdown (10Y) Largest decline over 10 years	-31.02%	-33.11%	+2.09%
Current Drawdown Current decline from peak	-2.68%	-0.18%	-2.50%
Average Drawdown Average peak-to-trough decline	-8.06%	-2.81%	-5.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.60%	+0.30%

Volatility

SVTAX vs. VMNVX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX) is 1.64%, while Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) has a volatility of 1.98%. This indicates that SVTAX experiences smaller price fluctuations and is considered to be less risky than VMNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVTAX	VMNVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	1.98%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	5.10%	5.18%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	7.22%	6.84%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.60%	9.53%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.28%	11.96%	+0.32%

SVTAX vs. VMNVX - Expense Ratio Comparison

SVTAX has a 1.11% expense ratio, which is higher than VMNVX's 0.14% expense ratio.

Dividends

SVTAX vs. VMNVX - Dividend Comparison

SVTAX's dividend yield for the trailing twelve months is around 8.47%, less than VMNVX's 9.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund	8.47%	8.77%	8.68%	5.76%	10.62%	11.81%	1.00%	5.39%	10.70%	7.90%	5.97%	6.45%
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares	9.28%	10.07%	3.84%	3.13%	5.03%	6.33%	2.15%	4.62%	7.37%	2.31%	2.82%	3.30%

Frequently Asked Questions

Can I hold both SVTAX and VMNVX in my portfolio?

SVTAX and VMNVX have a correlation of 0.87, 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 VMNVX?

VMNVX has higher volatility (1.98%) compared to SVTAX (1.64%). In terms of maximum drawdown, SVTAX dropped -43.81% vs VMNVX's -33.11%.

Which has better risk-adjusted returns?

VMNVX currently has the higher Sharpe Ratio (1.96 vs 0.94), 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.