TMMAX vs. ECAT
Compare and contrast key facts about SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) and BlackRock ESG Capital Allocation Term Trust (ECAT).
TMMAX is managed by BlackRock. It was launched on Dec 20, 2007. ECAT is managed by BlackRock. It was launched on Sep 28, 2021.
Performance
TMMAX vs. ECAT - Performance Comparison
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TMMAX vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | -0.07% | 11.03% | 17.07% | 7.32% | -3.11% | 10.46% |
ECAT BlackRock ESG Capital Allocation Term Trust | -6.71% | 16.64% | 19.96% | 32.36% | -21.90% | -6.25% |
Returns By Period
In the year-to-date period, TMMAX achieves a -0.07% return, which is significantly higher than ECAT's -6.71% 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%
ECAT
- 1D
- 1.49%
- 1M
- -8.56%
- YTD
- -6.71%
- 6M
- -7.80%
- 1Y
- 7.03%
- 3Y*
- 13.21%
- 5Y*
- —
- 10Y*
- —
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TMMAX vs. ECAT - Expense Ratio Comparison
TMMAX has a 1.00% expense ratio, which is lower than ECAT's 1.38% expense ratio.
Return for Risk
TMMAX vs. ECAT — Risk / Return Rank
TMMAX
ECAT
TMMAX vs. ECAT - 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 BlackRock ESG Capital Allocation Term Trust (ECAT). 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 | ECAT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.42 | +0.18 |
Sortino ratioReturn per unit of downside risk | 0.90 | 0.68 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.09 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.47 | +0.25 |
Martin ratioReturn relative to average drawdown | 3.46 | 1.75 | +1.72 |
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 | ECAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.42 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.32 | +0.21 |
Correlation
The correlation between TMMAX and ECAT is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TMMAX vs. ECAT - Dividend Comparison
TMMAX's dividend yield for the trailing twelve months is around 25.20%, which matches ECAT's 25.39% 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% |
ECAT BlackRock ESG Capital Allocation Term Trust | 25.39% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TMMAX vs. ECAT - Drawdown Comparison
The maximum TMMAX drawdown since its inception was -41.50%, which is greater than ECAT's maximum drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for TMMAX and ECAT.
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Drawdown Indicators
| TMMAX | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.50% | -32.23% | -9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -12.90% | +4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | — | — |
Current DrawdownCurrent decline from peak | -10.87% | -10.48% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -9.41% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 3.49% | -1.66% |
Volatility
TMMAX vs. ECAT - Volatility Comparison
The current volatility for SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) is 2.50%, while BlackRock ESG Capital Allocation Term Trust (ECAT) has a volatility of 5.97%. This indicates that TMMAX experiences smaller price fluctuations and is considered to be less risky than ECAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMMAX | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 5.97% | -3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.80% | 10.34% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 16.97% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 16.95% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 16.95% | +0.86% |