TRLVX vs. VMATX
Compare and contrast key facts about SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX) and Vanguard Massachusetts Tax-Exempt Fund (VMATX).
TRLVX is managed by BlackRock. It was launched on May 4, 1987. VMATX is managed by Vanguard. It was launched on Dec 9, 1998.
Performance
TRLVX vs. VMATX - Performance Comparison
Loading graphics...
TRLVX vs. VMATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund | -0.45% | 7.06% | 0.83% | 5.92% | -15.66% | -1.63% | 9.04% | 9.25% | -0.47% | 4.15% |
VMATX Vanguard Massachusetts Tax-Exempt Fund | -0.50% | 4.96% | 2.53% | 7.19% | -10.79% | 1.65% | 6.47% | 8.93% | 0.47% | 6.02% |
Returns By Period
In the year-to-date period, TRLVX achieves a -0.45% return, which is significantly higher than VMATX's -0.50% return. Over the past 10 years, TRLVX has underperformed VMATX with an annualized return of 1.61%, while VMATX has yielded a comparatively higher 2.36% annualized return.
TRLVX
- 1D
- 0.21%
- 1M
- -1.84%
- YTD
- -0.45%
- 6M
- 0.18%
- 1Y
- 3.38%
- 3Y*
- 3.25%
- 5Y*
- -0.48%
- 10Y*
- 1.61%
VMATX
- 1D
- 0.40%
- 1M
- -2.43%
- YTD
- -0.50%
- 6M
- 1.21%
- 1Y
- 4.36%
- 3Y*
- 3.67%
- 5Y*
- 0.98%
- 10Y*
- 2.36%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TRLVX vs. VMATX - Expense Ratio Comparison
TRLVX has a 0.66% expense ratio, which is higher than VMATX's 0.13% expense ratio.
Return for Risk
TRLVX vs. VMATX — Risk / Return Rank
TRLVX
VMATX
TRLVX vs. VMATX - 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 Vanguard Massachusetts Tax-Exempt Fund (VMATX). 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 | VMATX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.86 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.17 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.07 | +0.29 |
Martin ratioReturn relative to average drawdown | 3.96 | 3.52 | +0.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TRLVX | VMATX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.86 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.21 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.51 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.99 | +0.04 |
Correlation
The correlation between TRLVX and VMATX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TRLVX vs. VMATX - Dividend Comparison
TRLVX's dividend yield for the trailing twelve months is around 3.24%, less than VMATX's 3.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRLVX SEI Institutional Managed Trust Core Fixed Income Fund | 3.24% | 3.52% | 4.01% | 3.38% | 1.80% | 1.90% | 5.98% | 3.73% | 2.77% | 2.36% | 4.46% | 3.64% |
VMATX Vanguard Massachusetts Tax-Exempt Fund | 3.64% | 4.46% | 3.98% | 3.06% | 2.69% | 2.26% | 3.22% | 3.63% | 3.07% | 2.91% | 3.55% | 3.22% |
Drawdowns
TRLVX vs. VMATX - Drawdown Comparison
The maximum TRLVX drawdown since its inception was -20.98%, which is greater than VMATX's maximum drawdown of -15.91%. Use the drawdown chart below to compare losses from any high point for TRLVX and VMATX.
Loading graphics...
Drawdown Indicators
| TRLVX | VMATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -15.91% | -5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -5.36% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.68% | -15.91% | -4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -20.98% | -15.91% | -5.07% |
Current DrawdownCurrent decline from peak | -5.56% | -2.72% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -2.10% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.63% | -0.58% |
Volatility
TRLVX vs. VMATX - Volatility Comparison
SEI Institutional Managed Trust Core Fixed Income Fund (TRLVX) has a higher volatility of 1.59% compared to Vanguard Massachusetts Tax-Exempt Fund (VMATX) at 1.39%. This indicates that TRLVX's price experiences larger fluctuations and is considered to be riskier than VMATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TRLVX | VMATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.39% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.03% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.54% | 5.66% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 4.62% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.22% | 4.63% | +0.59% |