TMMAX vs. RIDAX
TMMAX (SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund) and RIDAX (The Income Fund of America Class R-1) are both mutual funds - TMMAX is a Low Volatility fund managed by BlackRock, while RIDAX is a Large Cap Value Equities fund actively managed by American Funds. Over the past 10 years, TMMAX returned 9.93%/yr vs 7.48%/yr for RIDAX. Their correlation of 0.88 means they have usually moved in the same direction. TMMAX charges 1.00%/yr vs 1.36%/yr for RIDAX.
Performance
TMMAX vs. RIDAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TMMAX having a 8.33% return and RIDAX slightly lower at 7.96%. Over the past 10 years, TMMAX has outperformed RIDAX with an annualized return of 9.93%, while RIDAX has yielded a comparatively lower 7.48% annualized return.
TMMAX
- 1D
- -1.22%
- 1M
- 2.01%
- 6M
- 5.67%
- YTD
- 8.33%
- 1Y
- 13.78%
- 3Y*
- 13.06%
- 5Y*
- 9.78%
- 10Y*
- 9.93%
- ALL TIME*
- 9.46%
RIDAX
- 1D
- 0.25%
- 1M
- 1.17%
- 6M
- 4.21%
- YTD
- 7.96%
- 1Y
- 15.38%
- 3Y*
- 12.18%
- 5Y*
- 7.40%
- 10Y*
- 7.48%
- ALL TIME*
- 8.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TMMAX vs. RIDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 8.33% | 11.03% | 17.07% | 7.32% | -3.11% | 24.10% | 1.32% | 24.00% | -2.84% | 15.19% |
RIDAX The Income Fund of America Class R-1 | 7.96% | 16.83% | 9.49% | 6.16% | -7.14% | 16.47% | 3.68% | 17.57% | -6.06% | 11.86% |
Correlation
The correlation between TMMAX and RIDAX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2007 | 0.88 |
The correlation between TMMAX and RIDAX shifts across timeframes, from 0.68 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TMMAX vs. RIDAX — Risk / Return Rank
TMMAX
RIDAX
TMMAX vs. RIDAX - 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 The Income Fund of America Class R-1 (RIDAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TMMAX | RIDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.34 | -0.12 |
| Martin ratioReturn relative to average drawdown | 7.56 | 8.35 | -0.79 |
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Drawdowns
TMMAX vs. RIDAX - Drawdown Comparison
The maximum TMMAX drawdown since its inception was -41.50%, roughly equal to the maximum RIDAX drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for TMMAX and RIDAX.
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Drawdown Indicators
| TMMAX | RIDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.50% | -42.37% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -6.13% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -23.00% | -8.71% | -14.29% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -16.28% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -26.22% | -7.19% |
Current DrawdownCurrent decline from peak | -3.38% | -0.18% | -3.20% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -4.38% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.72% | -0.03% |
Volatility
TMMAX vs. RIDAX - Volatility Comparison
SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) has a higher volatility of 3.98% compared to The Income Fund of America Class R-1 (RIDAX) at 1.96%. This indicates that TMMAX's price experiences larger fluctuations and is considered to be riskier than RIDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMMAX | RIDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 1.96% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.18% | 5.82% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.95% | 7.37% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 9.45% | +9.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.83% | 10.64% | +7.19% |
TMMAX vs. RIDAX - Expense Ratio Comparison
TMMAX has a 1.00% expense ratio, which is lower than RIDAX's 1.36% expense ratio.
Dividends
TMMAX vs. RIDAX - Dividend Comparison
TMMAX's dividend yield for the trailing twelve months is around 23.27%, more than RIDAX's 8.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIDAX The Income Fund of America Class R-1 | 8.60% | 9.24% | 5.14% | 2.38% | 6.20% | 5.92% | 2.09% | 4.25% | 6.58% | 3.68% | 2.32% | 4.26% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 23.27% | 25.19% | 23.39% | 15.23% | 6.54% | 4.73% | 2.15% | 3.67% | 4.91% | 4.10% | 4.17% | 5.57% |
Frequently Asked Questions
TMMAX and RIDAX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMMAX has higher volatility (3.98%) compared to RIDAX (1.96%). In terms of maximum drawdown, TMMAX dropped -41.50% vs RIDAX's -42.37%.
RIDAX currently has the higher Sharpe Ratio (1.95 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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