TMMAX vs. FASGX
Compare and contrast key facts about SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) and Fidelity Asset Manager 70% Fund (FASGX).
TMMAX is managed by BlackRock. It was launched on Dec 20, 2007. FASGX is managed by BlackRock. It was launched on Dec 30, 1991.
Performance
TMMAX vs. FASGX - Performance Comparison
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TMMAX vs. FASGX - 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% |
FASGX Fidelity Asset Manager 70% Fund | -2.99% | 18.23% | 10.81% | 16.45% | -16.83% | 13.98% | 17.19% | 22.81% | -7.65% | 17.34% |
Returns By Period
In the year-to-date period, TMMAX achieves a -0.07% return, which is significantly higher than FASGX's -2.99% return. Over the past 10 years, TMMAX has outperformed FASGX with an annualized return of 9.51%, while FASGX has yielded a comparatively lower 8.70% 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%
FASGX
- 1D
- -0.24%
- 1M
- -7.42%
- YTD
- -2.99%
- 6M
- -0.12%
- 1Y
- 15.54%
- 3Y*
- 11.72%
- 5Y*
- 6.38%
- 10Y*
- 8.70%
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TMMAX vs. FASGX - Expense Ratio Comparison
TMMAX has a 1.00% expense ratio, which is higher than FASGX's 0.67% expense ratio.
Return for Risk
TMMAX vs. FASGX — Risk / Return Rank
TMMAX
FASGX
TMMAX vs. FASGX - 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 Fidelity Asset Manager 70% Fund (FASGX). 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 | FASGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 1.21 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.73 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.55 | -0.83 |
Martin ratioReturn relative to average drawdown | 3.46 | 6.89 | -3.42 |
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 | FASGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.21 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.53 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.70 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.60 | -0.07 |
Correlation
The correlation between TMMAX and FASGX is 0.83, 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. FASGX - Dividend Comparison
TMMAX's dividend yield for the trailing twelve months is around 25.20%, more than FASGX's 7.56% 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% |
FASGX Fidelity Asset Manager 70% Fund | 7.56% | 7.33% | 4.60% | 1.72% | 6.69% | 2.73% | 2.20% | 5.19% | 6.31% | 2.75% | 0.20% | 5.58% |
Drawdowns
TMMAX vs. FASGX - Drawdown Comparison
The maximum TMMAX drawdown since its inception was -41.50%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for TMMAX and FASGX.
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Drawdown Indicators
| TMMAX | FASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.50% | -47.35% | +5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -9.07% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -23.54% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -27.20% | -6.21% |
Current DrawdownCurrent decline from peak | -10.87% | -7.95% | -2.92% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -6.74% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.04% | -0.21% |
Volatility
TMMAX vs. FASGX - Volatility Comparison
The current volatility for SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) is 2.50%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 4.57%. This indicates that TMMAX experiences smaller price fluctuations and is considered to be less risky than FASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMMAX | FASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 4.57% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 5.80% | 7.78% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 12.82% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 12.14% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 12.56% | +5.25% |