TMMAX vs. ACIIX
Compare and contrast key facts about SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) and American Century Equity Income Fund Class I (ACIIX).
TMMAX is managed by BlackRock. It was launched on Dec 20, 2007. ACIIX is managed by American Century. It was launched on Jul 8, 1998.
Performance
TMMAX vs. ACIIX - Performance Comparison
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TMMAX vs. ACIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | -0.07% | 11.03% | 17.07% | 7.32% | -3.11% | 24.10% | 1.32% | 24.00% | -2.84% | 15.19% |
ACIIX American Century Equity Income Fund Class I | 2.73% | 12.05% | 10.58% | 4.25% | -2.96% | 17.16% | 1.19% | 24.50% | -3.53% | 13.69% |
Returns By Period
In the year-to-date period, TMMAX achieves a -0.07% return, which is significantly lower than ACIIX's 2.73% return. Over the past 10 years, TMMAX has outperformed ACIIX with an annualized return of 9.51%, while ACIIX has yielded a comparatively lower 8.89% annualized return.
TMMAX
- 1D
- 0.40%
- 1M
- -5.40%
- YTD
- -0.07%
- 6M
- 0.57%
- 1Y
- 6.09%
- 3Y*
- 11.46%
- 5Y*
- 9.81%
- 10Y*
- 9.51%
ACIIX
- 1D
- 0.00%
- 1M
- -5.73%
- YTD
- 2.73%
- 6M
- 4.62%
- 1Y
- 9.92%
- 3Y*
- 9.70%
- 5Y*
- 7.47%
- 10Y*
- 8.89%
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TMMAX vs. ACIIX - Expense Ratio Comparison
TMMAX has a 1.00% expense ratio, which is higher than ACIIX's 0.72% expense ratio.
Return for Risk
TMMAX vs. ACIIX — Risk / Return Rank
TMMAX
ACIIX
TMMAX vs. ACIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) and American Century Equity Income Fund Class I (ACIIX). 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.
| TMMAX | ACIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.93 | -0.33 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.35 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.11 | -0.39 |
Martin ratioReturn relative to average drawdown | 3.46 | 4.37 | -0.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMMAX | ACIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.93 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.70 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.67 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.53 | 0.00 |
Correlation
The correlation between TMMAX and ACIIX is 0.91, 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.
Dividends
TMMAX vs. ACIIX - Dividend Comparison
TMMAX's dividend yield for the trailing twelve months is around 25.20%, more than ACIIX's 10.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 25.20% | 25.19% | 23.39% | 15.23% | 6.54% | 4.73% | 2.15% | 3.67% | 4.91% | 4.10% | 4.17% | 5.57% |
ACIIX American Century Equity Income Fund Class I | 10.28% | 10.55% | 11.71% | 8.21% | 8.96% | 7.02% | 2.18% | 7.57% | 9.05% | 12.14% | 8.08% | 10.72% |
Drawdowns
TMMAX vs. ACIIX - Drawdown Comparison
The maximum TMMAX drawdown since its inception was -41.50%, which is greater than ACIIX's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for TMMAX and ACIIX.
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Drawdown Indicators
| TMMAX | ACIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.50% | -39.16% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -8.96% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -13.49% | -9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -32.76% | -0.65% |
Current DrawdownCurrent decline from peak | -10.87% | -5.73% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -5.26% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.30% | -0.47% |
Volatility
TMMAX vs. ACIIX - Volatility Comparison
The current volatility for SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) is 2.50%, while American Century Equity Income Fund Class I (ACIIX) has a volatility of 2.76%. This indicates that TMMAX experiences smaller price fluctuations and is considered to be less risky than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMMAX | ACIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 2.76% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.80% | 6.05% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 11.61% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 10.74% | +8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 13.37% | +4.44% |