TMLCX vs. SPY
Compare and contrast key facts about SEI Institutional Managed Trust Tax Managed Large Cap Fund (TMLCX) and SPDR S&P 500 ETF (SPY).
TMLCX is managed by Blackrock. It was launched on Mar 5, 1998. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMLCX or SPY.
Correlation
The correlation between TMLCX and SPY is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TMLCX vs. SPY - Performance Comparison
Key characteristics
TMLCX:
0.60
SPY:
1.91
TMLCX:
0.80
SPY:
2.57
TMLCX:
1.13
SPY:
1.35
TMLCX:
0.67
SPY:
2.88
TMLCX:
1.92
SPY:
11.96
TMLCX:
4.23%
SPY:
2.03%
TMLCX:
13.57%
SPY:
12.68%
TMLCX:
-56.64%
SPY:
-55.19%
TMLCX:
-7.47%
SPY:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with TMLCX having a 4.30% return and SPY slightly higher at 4.34%. Over the past 10 years, TMLCX has underperformed SPY with an annualized return of 6.80%, while SPY has yielded a comparatively higher 13.21% annualized return.
TMLCX
4.30%
1.96%
-1.16%
8.02%
6.38%
6.80%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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TMLCX vs. SPY - Expense Ratio Comparison
TMLCX has a 0.89% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TMLCX vs. SPY — Risk-Adjusted Performance Rank
TMLCX
SPY
TMLCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Tax Managed Large Cap Fund (TMLCX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
TMLCX vs. SPY - Dividend Comparison
TMLCX's dividend yield for the trailing twelve months is around 0.82%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMLCX SEI Institutional Managed Trust Tax Managed Large Cap Fund | 0.82% | 0.85% | 0.95% | 1.08% | 0.75% | 1.05% | 1.21% | 1.04% | 0.74% | 0.85% | 0.79% | 0.60% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TMLCX vs. SPY - Drawdown Comparison
The maximum TMLCX drawdown since its inception was -56.64%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TMLCX and SPY. For additional features, visit the drawdowns tool.
Volatility
TMLCX vs. SPY - Volatility Comparison
The current volatility for SEI Institutional Managed Trust Tax Managed Large Cap Fund (TMLCX) is 2.45%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.13%. This indicates that TMLCX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.