TRLVX vs. FASGX

Last updated Jun 5, 2026

TRLVX (SEI Institutional Managed Trust Core Fixed Income Fund) and FASGX (Fidelity Asset Manager 70% Fund) are both mutual funds - TRLVX is a Intermediate Core Bond fund managed by BlackRock, while FASGX is a Diversified Portfolio fund managed by BlackRock. Over the past 10 years, TRLVX returned 1.53%/yr vs 9.95%/yr for FASGX. At a 0.03 correlation, their price movements are largely independent. TRLVX charges 0.66%/yr vs 0.67%/yr for FASGX.

Performance

TRLVX vs. FASGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX) and Fidelity Asset Manager 70% Fund (FASGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRLVX achieves a -0.05% return, which is significantly lower than FASGX's 11.27% return. Over the past 10 years, TRLVX has underperformed FASGX with an annualized return of 1.53%, while FASGX has yielded a comparatively higher 9.95% annualized return.

TRLVX

• 1D: -0.21%
• 1M: 0.01%
• YTD: -0.05%
• 6M: 0.07%
• 1Y: 4.13%
• 3Y*: 3.70%
• 5Y*: -0.61%
• 10Y*: 1.53%

FASGX

• 1D: -0.59%
• 1M: 2.98%
• YTD: 11.27%
• 6M: 12.13%
• 1Y: 25.26%
• 3Y*: 16.24%
• 5Y*: 8.17%
• 10Y*: 9.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRLVX vs. FASGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund	-0.05%	7.06%	0.83%	5.92%	-15.66%	-1.63%	9.04%	9.25%	-0.47%	4.15%
FASGX Fidelity Asset Manager 70% Fund	11.27%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-7.65%	17.34%

Correlation

The correlation between TRLVX and FASGX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Dec 31, 1991	0.03

Over the past year, TRLVX and FASGX have become more correlated (0.35) than their long-term average of 0.03, meaning their price movements have been converging.

Return for Risk

TRLVX vs. FASGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRLVX

TRLVX Risk / Return Rank: 17
TRLVX Sharpe Ratio Rank: 17
TRLVX Sortino Ratio Rank: 18
TRLVX Omega Ratio Rank: 16
TRLVX Calmar Ratio Rank: 18
TRLVX Martin Ratio Rank: 16

FASGX

FASGX Risk / Return Rank: 72
FASGX Sharpe Ratio Rank: 74
FASGX Sortino Ratio Rank: 70
FASGX Omega Ratio Rank: 70
FASGX Calmar Ratio Rank: 71
FASGX Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRLVX vs. FASGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX) 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.

	TRLVX	FASGX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	2.50	-1.34
Sortino ratio: Return per unit of downside risk	1.75	3.50	-1.76
Omega ratio: Gain probability vs. loss probability	1.20	1.47	-0.26
Calmar ratio: Return relative to maximum drawdown	1.46	3.26	-1.79
Martin ratio: Return relative to average drawdown	4.39	14.40	-10.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRLVX vs. FASGX - Sharpe Ratio Comparison

The current TRLVX Sharpe Ratio is 1.17, which is lower than the FASGX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of TRLVX and FASGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRLVX	FASGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.50	-1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.67	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.79	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.63	+0.39

Drawdowns

TRLVX vs. FASGX - Drawdown Comparison

The maximum TRLVX drawdown since its inception was -20.98%, smaller than the maximum FASGX drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for TRLVX and FASGX.

Drawdown Indicators

	TRLVX	FASGX	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-47.35%	+26.37%
Max Drawdown (1Y) Largest decline over 1 year	-3.29%	-7.95%	+4.66%
Max Drawdown (3Y) Largest decline over 3 years	-6.90%	-12.80%	+5.90%
Max Drawdown (5Y) Largest decline over 5 years	-20.68%	-23.54%	+2.86%
Max Drawdown (10Y) Largest decline over 10 years	-20.98%	-27.20%	+6.22%
Current Drawdown Current decline from peak	-5.18%	-0.59%	-4.59%
Average Drawdown Average peak-to-trough decline	-2.48%	-6.71%	+4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.79%	-0.70%

Volatility

TRLVX vs. FASGX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX) is 1.41%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 3.37%. This indicates that TRLVX 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.

Volatility by Period

	TRLVX	FASGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	3.37%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	2.97%	8.40%	-5.43%
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	10.35%	-6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.38%	12.27%	-5.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.24%	12.65%	-7.41%

TRLVX vs. FASGX - Expense Ratio Comparison

TRLVX has a 0.66% expense ratio, which is lower than FASGX's 0.67% expense ratio.

Dividends

TRLVX vs. FASGX - Dividend Comparison

TRLVX's dividend yield for the trailing twelve months is around 3.67%, less than FASGX's 6.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASGX Fidelity Asset Manager 70% Fund	6.59%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund	3.67%	3.52%	4.01%	3.38%	1.80%	1.90%	5.98%	3.73%	2.77%	2.36%	4.46%	3.64%

Frequently Asked Questions

Can I hold both TRLVX and FASGX in my portfolio?

TRLVX and FASGX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRLVX or FASGX?

FASGX has higher volatility (3.37%) compared to TRLVX (1.41%). In terms of maximum drawdown, TRLVX dropped -20.98% vs FASGX's -47.35%.

Which has better risk-adjusted returns?

FASGX currently has the higher Sharpe Ratio (2.50 vs 1.17), 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.