TRLVX vs. TRULX

Last updated Jul 18, 2026

TRLVX (SEI Institutional Managed Trust Core Fixed Income Fund) and TRULX (T. Rowe Price US Large-Cap Core) are both mutual funds - TRLVX is a Intermediate Core Bond fund managed by BlackRock, while TRULX is a Large Cap Blend Equities fund actively managed by T. Rowe Price. Over the past 10 years, TRLVX returned 1.37%/yr vs 13.35%/yr for TRULX. At a correlation of -0.10, they often move in opposite directions. TRLVX charges 0.66%/yr vs 0.64%/yr for TRULX.

Performance

TRLVX vs. TRULX - 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 T. Rowe Price US Large-Cap Core (TRULX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRLVX achieves a -0.27% return, which is significantly lower than TRULX's 10.46% return. Over the past 10 years, TRLVX has underperformed TRULX with an annualized return of 1.37%, while TRULX has yielded a comparatively higher 13.35% annualized return.

TRLVX

• 1D: -0.11%
• 1M: -0.22%
• 6M: -0.27%
• YTD: -0.27%
• 1Y: 3.80%
• 3Y*: 3.55%
• 5Y*: -0.87%
• 10Y*: 1.37%

TRULX

• 1D: 0.02%
• 1M: 3.30%
• 6M: 8.54%
• YTD: 10.46%
• 1Y: 17.65%
• 3Y*: 18.40%
• 5Y*: 11.54%
• 10Y*: 13.35%

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

TRLVX vs. TRULX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund	-0.27%	7.06%	0.83%	5.92%	-15.66%	-1.63%	9.04%	9.25%	-0.47%	4.15%
TRULX T. Rowe Price US Large-Cap Core	10.46%	12.80%	22.97%	22.61%	-15.14%	25.57%	15.57%	29.51%	-3.38%	19.85%

Correlation

The correlation between TRLVX and TRULX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009	-0.10

The correlation between TRLVX and TRULX shifts across timeframes, from -0.10 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TRLVX vs. TRULX — Risk / Return Rank

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

TRLVX

TRLVX Risk / Return Rank: 16
TRLVX Sharpe Ratio Rank: 18
TRLVX Sortino Ratio Rank: 18
TRLVX Omega Ratio Rank: 16
TRLVX Calmar Ratio Rank: 17
TRLVX Martin Ratio Rank: 15

TRULX

TRULX Risk / Return Rank: 48
TRULX Sharpe Ratio Rank: 47
TRULX Sortino Ratio Rank: 45
TRULX Omega Ratio Rank: 46
TRULX Calmar Ratio Rank: 44
TRULX Martin Ratio Rank: 57

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. TRULX - 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 T. Rowe Price US Large-Cap Core (TRULX). 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.

	TRLVX	TRULX	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.62	-0.66
Sortino ratio: Return per unit of downside risk	1.42	2.26	-0.84
Omega ratio: Gain probability vs. loss probability	1.17	1.30	-0.13
Calmar ratio: Return relative to maximum drawdown	1.16	2.14	-0.98
Martin ratio: Return relative to average drawdown	3.07	9.37	-6.30

TRLVX vs. TRULX - Sharpe Ratio Comparison

The current TRLVX Sharpe Ratio is 0.96, which is lower than the TRULX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of TRLVX and TRULX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TRLVX vs. TRULX - Drawdown Comparison

The maximum TRLVX drawdown since its inception was -20.98%, smaller than the maximum TRULX drawdown of -33.68%. Use the drawdown chart below to compare losses from any high point for TRLVX and TRULX.

Drawdown Indicators

	TRLVX	TRULX	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-33.68%	+12.70%
Max Drawdown (1Y) Largest decline over 1 year	-3.29%	-8.57%	+5.28%
Max Drawdown (3Y) Largest decline over 3 years	-6.90%	-17.23%	+10.33%
Max Drawdown (5Y) Largest decline over 5 years	-20.68%	-22.91%	+2.23%
Max Drawdown (10Y) Largest decline over 10 years	-20.98%	-33.68%	+12.70%
Current Drawdown Current decline from peak	-5.39%	0.00%	-5.39%
Average Drawdown Average peak-to-trough decline	-2.49%	-3.62%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	1.95%	-0.71%

Volatility

TRLVX vs. TRULX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX) is 1.10%, while T. Rowe Price US Large-Cap Core (TRULX) has a volatility of 2.60%. This indicates that TRLVX experiences smaller price fluctuations and is considered to be less risky than TRULX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRLVX	TRULX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	2.60%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	3.10%	8.98%	-5.88%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	11.31%	-7.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.39%	16.02%	-9.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.25%	16.95%	-11.70%

TRLVX vs. TRULX - Expense Ratio Comparison

TRLVX has a 0.66% expense ratio, which is higher than TRULX's 0.64% expense ratio.

Dividends

TRLVX vs. TRULX - Dividend Comparison

TRLVX's dividend yield for the trailing twelve months is around 3.68%, less than TRULX's 7.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund	3.68%	3.52%	4.01%	3.38%	1.80%	1.90%	5.98%	3.73%	2.77%	2.36%	4.46%	3.64%
TRULX T. Rowe Price US Large-Cap Core	7.04%	7.77%	6.66%	0.45%	4.27%	7.28%	0.85%	3.55%	7.89%	2.10%	0.94%	5.23%

Frequently Asked Questions

Can I hold both TRLVX and TRULX in my portfolio?

TRLVX and TRULX have a correlation of 0.30, 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 TRULX?

TRULX has higher volatility (2.60%) compared to TRLVX (1.10%). In terms of maximum drawdown, TRLVX dropped -20.98% vs TRULX's -33.68%.

Which has better risk-adjusted returns?

TRULX currently has the higher Sharpe Ratio (1.62 vs 0.96), 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.