TMLCX vs. ASFYX

Last updated Apr 1, 2026

Compare and contrast key facts about SEI Institutional Managed Trust Tax Managed Large Cap Fund (TMLCX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX).

TMLCX is managed by BlackRock. It was launched on Mar 5, 1998. ASFYX is managed by BlackRock. It was launched on Jul 30, 2010.

Performance

TMLCX vs. ASFYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Tax Managed Large Cap Fund (TMLCX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). The values are adjusted to include any dividend payments, if applicable.

TMLCX vs. ASFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TMLCX SEI Institutional Managed Trust Tax Managed Large Cap Fund	-4.96%	16.92%	14.52%	17.40%	-13.36%	28.49%	12.19%	28.39%	-6.25%	21.17%
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	6.59%	-9.67%	-3.22%	-10.33%	35.67%	3.52%	13.59%	8.99%	-12.59%	6.78%

Returns By Period

In the year-to-date period, TMLCX achieves a -4.96% return, which is significantly lower than ASFYX's 6.59% return. Over the past 10 years, TMLCX has outperformed ASFYX with an annualized return of 11.50%, while ASFYX has yielded a comparatively lower 1.87% annualized return.

TMLCX

• 1D: -0.23%
• 1M: -7.66%
• YTD: -4.96%
• 6M: -2.65%
• 1Y: 13.04%
• 3Y*: 12.93%
• 5Y*: 8.92%
• 10Y*: 11.50%

ASFYX

• 1D: 0.00%
• 1M: -1.55%
• YTD: 6.59%
• 6M: 10.95%
• 1Y: 3.41%
• 3Y*: -2.89%
• 5Y*: 2.30%
• 10Y*: 1.87%

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

TMLCX vs. ASFYX - Expense Ratio Comparison

TMLCX has a 0.89% expense ratio, which is lower than ASFYX's 1.47% expense ratio.

ASFYX

AlphaSimplex Managed Futures Strategy Fund Class Y

TMLCX

SEI Institutional Managed Trust Tax Managed Large Cap Fund

Return for Risk

TMLCX vs. ASFYX — Risk / Return Rank

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

TMLCX

TMLCX Risk / Return Rank: 45
TMLCX Sharpe Ratio Rank: 43
TMLCX Sortino Ratio Rank: 45
TMLCX Omega Ratio Rank: 47
TMLCX Calmar Ratio Rank: 39
TMLCX Martin Ratio Rank: 50

ASFYX

ASFYX Risk / Return Rank: 8
ASFYX Sharpe Ratio Rank: 9
ASFYX Sortino Ratio Rank: 8
ASFYX Omega Ratio Rank: 8
ASFYX Calmar Ratio Rank: 8
ASFYX Martin Ratio Rank: 7

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.

TMLCX vs. ASFYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Tax Managed Large Cap Fund (TMLCX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.

	TMLCX	ASFYX	Difference
Sharpe ratio Return per unit of total volatility	0.87	0.18	+0.70
Sortino ratio Return per unit of downside risk	1.33	0.30	+1.03
Omega ratio Gain probability vs. loss probability	1.20	1.04	+0.15
Calmar ratio Return relative to maximum drawdown	1.03	0.10	+0.93
Martin ratio Return relative to average drawdown	4.91	0.16	+4.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMLCX vs. ASFYX - Sharpe Ratio Comparison

The current TMLCX Sharpe Ratio is 0.87, which is higher than the ASFYX Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of TMLCX and ASFYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TMLCX	ASFYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.18	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.17	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.15	+0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.31	+0.05

Correlation

The correlation between TMLCX and ASFYX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TMLCX vs. ASFYX - Dividend Comparison

TMLCX's dividend yield for the trailing twelve months is around 1.62%, more than ASFYX's 1.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TMLCX SEI Institutional Managed Trust Tax Managed Large Cap Fund	1.62%	1.54%	8.85%	5.10%	6.70%	4.90%	2.40%	8.58%	1.81%	1.92%	0.86%	0.79%
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	1.43%	1.52%	1.46%	0.99%	32.48%	6.07%	3.40%	5.51%	1.30%	0.07%	0.01%	5.06%

Drawdowns

TMLCX vs. ASFYX - Drawdown Comparison

The maximum TMLCX drawdown since its inception was -56.64%, which is greater than ASFYX's maximum drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for TMLCX and ASFYX.

Drawdown Indicators

	TMLCX	ASFYX	Difference
Max Drawdown Largest peak-to-trough decline	-56.64%	-36.43%	-20.21%
Max Drawdown (1Y) Largest decline over 1 year	-11.52%	-13.51%	+1.99%
Max Drawdown (5Y) Largest decline over 5 years	-23.05%	-36.43%	+13.38%
Max Drawdown (10Y) Largest decline over 10 years	-34.87%	-36.43%	+1.56%
Current Drawdown Current decline from peak	-8.12%	-24.37%	+16.25%
Average Drawdown Average peak-to-trough decline	-11.76%	-13.09%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	8.72%	-6.30%

Volatility

TMLCX vs. ASFYX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Tax Managed Large Cap Fund (TMLCX) is 3.65%, while AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a volatility of 3.86%. This indicates that TMLCX experiences smaller price fluctuations and is considered to be less risky than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMLCX	ASFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.86%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	10.01%	-2.18%
Volatility (1Y) Calculated over the trailing 1-year period	15.99%	13.02%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	13.68%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	12.68%	+5.31%