TRLVX vs. RBFFX

Last updated Jun 5, 2026

TRLVX (SEI Institutional Managed Trust Core Fixed Income Fund) and RBFFX (American Funds The Bond Fund of America) are both Intermediate Core Bond funds. Over the past 10 years, TRLVX returned 1.53%/yr vs 1.99%/yr for RBFFX. Their correlation of 0.90 suggests significant overlap in exposure. TRLVX charges 0.66%/yr vs 0.29%/yr for RBFFX.

Performance

TRLVX vs. RBFFX - 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 American Funds The Bond Fund of America (RBFFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with TRLVX at -0.05% and RBFFX at -0.05%. Over the past 10 years, TRLVX has underperformed RBFFX with an annualized return of 1.53%, while RBFFX has yielded a comparatively higher 1.99% 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%

RBFFX

• 1D: -0.27%
• 1M: 0.02%
• YTD: -0.05%
• 6M: 0.15%
• 1Y: 4.41%
• 3Y*: 3.89%
• 5Y*: 0.05%
• 10Y*: 1.99%

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

TRLVX vs. RBFFX - 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%
RBFFX American Funds The Bond Fund of America	-0.05%	7.49%	1.47%	4.65%	-13.03%	-0.64%	11.07%	8.13%	0.17%	3.53%

Correlation

The correlation between TRLVX and RBFFX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 3, 2003	0.90

The correlation between TRLVX and RBFFX has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.

Return for Risk

TRLVX vs. RBFFX — 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

RBFFX

RBFFX Risk / Return Rank: 21
RBFFX Sharpe Ratio Rank: 22
RBFFX Sortino Ratio Rank: 23
RBFFX Omega Ratio Rank: 20
RBFFX Calmar Ratio Rank: 21
RBFFX Martin Ratio Rank: 19

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. RBFFX - 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 American Funds The Bond Fund of America (RBFFX). 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	RBFFX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.28	-0.12
Sortino ratio: Return per unit of downside risk	1.75	1.95	-0.20
Omega ratio: Gain probability vs. loss probability	1.20	1.23	-0.02
Calmar ratio: Return relative to maximum drawdown	1.46	1.65	-0.18
Martin ratio: Return relative to average drawdown	4.39	4.90	-0.51
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. RBFFX - Sharpe Ratio Comparison

The current TRLVX Sharpe Ratio is 1.17, which is comparable to the RBFFX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of TRLVX and RBFFX, 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	RBFFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.28	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.01	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.41	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.82	+0.21

Drawdowns

TRLVX vs. RBFFX - Drawdown Comparison

The maximum TRLVX drawdown since its inception was -20.98%, which is greater than RBFFX's maximum drawdown of -17.62%. Use the drawdown chart below to compare losses from any high point for TRLVX and RBFFX.

Drawdown Indicators

	TRLVX	RBFFX	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-17.62%	-3.36%
Max Drawdown (1Y) Largest decline over 1 year	-3.29%	-3.09%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-6.90%	-6.11%	-0.79%
Max Drawdown (5Y) Largest decline over 5 years	-20.68%	-17.62%	-3.06%
Max Drawdown (10Y) Largest decline over 10 years	-20.98%	-17.62%	-3.36%
Current Drawdown Current decline from peak	-5.18%	-1.76%	-3.42%
Average Drawdown Average peak-to-trough decline	-2.48%	-2.81%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.04%	+0.05%

Volatility

TRLVX vs. RBFFX - Volatility Comparison

SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX) and American Funds The Bond Fund of America (RBFFX) have volatilities of 1.41% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRLVX	RBFFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.38%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.97%	2.83%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	3.96%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.38%	5.97%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.24%	4.90%	+0.34%

TRLVX vs. RBFFX - Expense Ratio Comparison

TRLVX has a 0.66% expense ratio, which is higher than RBFFX's 0.29% expense ratio.

Dividends

TRLVX vs. RBFFX - Dividend Comparison

TRLVX's dividend yield for the trailing twelve months is around 3.67%, less than RBFFX's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RBFFX American Funds The Bond Fund of America	4.46%	4.43%	4.61%	3.53%	2.42%	2.31%	5.34%	3.76%	2.67%	2.14%	2.07%	2.30%
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 RBFFX in my portfolio?

With a correlation of 0.96, TRLVX and RBFFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TRLVX or RBFFX?

TRLVX has higher volatility (1.41%) compared to RBFFX (1.38%). In terms of maximum drawdown, TRLVX dropped -20.98% vs RBFFX's -17.62%.

Which has better risk-adjusted returns?

RBFFX currently has the higher Sharpe Ratio (1.28 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.