TRMVX vs. FALIX

Last updated Jun 6, 2026

TRMVX (SEI Institutional Managed Trust Large Cap Value Fund) and FALIX (Fidelity Advisor Large Cap Fund Class I) are both Large Cap Value Equities funds. Over the past 10 years, TRMVX returned 10.74%/yr vs 14.02%/yr for FALIX. Their correlation of 0.90 suggests significant overlap in exposure. TRMVX charges 0.89%/yr vs 0.54%/yr for FALIX.

Performance

TRMVX vs. FALIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Large Cap Value Fund (TRMVX) and Fidelity Advisor Large Cap Fund Class I (FALIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

Over the past 10 years, TRMVX has underperformed FALIX with an annualized return of 10.74%, while FALIX has yielded a comparatively higher 14.02% annualized return.

TRMVX

• 1D: 0.90%
• 1M: 3.45%
• YTD: 11.03%
• 6M: 12.63%
• 1Y: 26.68%
• 3Y*: 17.73%
• 5Y*: 9.75%
• 10Y*: 10.74%

FALIX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 11.06%
• 3Y*: 19.31%
• 5Y*: 12.28%
• 10Y*: 14.02%

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

TRMVX vs. FALIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRMVX SEI Institutional Managed Trust Large Cap Value Fund	11.03%	18.89%	12.67%	8.82%	-5.15%	27.72%	-2.40%	22.70%	-9.74%	17.38%
FALIX Fidelity Advisor Large Cap Fund Class I	0.00%	19.65%	26.36%	23.49%	-7.91%	25.81%	8.85%	31.71%	-8.42%	16.93%

Correlation

The correlation between TRMVX and FALIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 21, 1996	0.90

Over the past year, the correlation between TRMVX and FALIX has dropped to 0.37 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

Return for Risk

TRMVX vs. FALIX — Risk / Return Rank

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

TRMVX

TRMVX Risk / Return Rank: 82
TRMVX Sharpe Ratio Rank: 81
TRMVX Sortino Ratio Rank: 79
TRMVX Omega Ratio Rank: 72
TRMVX Calmar Ratio Rank: 91
TRMVX Martin Ratio Rank: 89

FALIX

FALIX Risk / Return Rank: 44
FALIX Sharpe Ratio Rank: 38
FALIX Sortino Ratio Rank: 37
FALIX Omega Ratio Rank: 72
FALIX Calmar Ratio Rank: 54
FALIX Martin Ratio Rank: 18

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.

TRMVX vs. FALIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Large Cap Value Fund (TRMVX) and Fidelity Advisor Large Cap Fund Class I (FALIX). 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.

	TRMVX	FALIX	Difference
Sharpe ratio: Return per unit of total volatility	2.58	1.70	+0.87
Sortino ratio: Return per unit of downside risk	3.71	2.40	+1.30
Omega ratio: Gain probability vs. loss probability	1.46	1.46	0.00
Calmar ratio: Return relative to maximum drawdown	4.60	2.72	+1.89
Martin ratio: Return relative to average drawdown	16.79	4.59	+12.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRMVX vs. FALIX - Sharpe Ratio Comparison

The current TRMVX Sharpe Ratio is 2.58, which is higher than the FALIX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of TRMVX and FALIX, 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

	TRMVX	FALIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	1.70	+0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.77	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.77	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.48	0.00

Drawdowns

TRMVX vs. FALIX - Drawdown Comparison

The maximum TRMVX drawdown since its inception was -60.36%, roughly equal to the maximum FALIX drawdown of -62.37%. Use the drawdown chart below to compare losses from any high point for TRMVX and FALIX.

Drawdown Indicators

	TRMVX	FALIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.36%	-62.37%	+2.01%
Max Drawdown (1Y) Largest decline over 1 year	-6.12%	-5.03%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-18.89%	+3.37%
Max Drawdown (5Y) Largest decline over 5 years	-19.45%	-21.48%	+2.03%
Max Drawdown (10Y) Largest decline over 10 years	-40.41%	-37.51%	-2.90%
Current Drawdown Current decline from peak	0.00%	-4.17%	+4.17%
Average Drawdown Average peak-to-trough decline	-8.57%	-13.27%	+4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	2.80%	-1.13%

Volatility

TRMVX vs. FALIX - Volatility Comparison

SEI Institutional Managed Trust Large Cap Value Fund (TRMVX) has a higher volatility of 2.56% compared to Fidelity Advisor Large Cap Fund Class I (FALIX) at 0.00%. This indicates that TRMVX's price experiences larger fluctuations and is considered to be riskier than FALIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRMVX	FALIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	0.00%	+2.56%
Volatility (6M) Calculated over the trailing 6-month period	7.67%	4.10%	+3.57%
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	8.02%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	16.44%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	18.57%	-0.62%

TRMVX vs. FALIX - Expense Ratio Comparison

TRMVX has a 0.89% expense ratio, which is higher than FALIX's 0.54% expense ratio.

Dividends

TRMVX vs. FALIX - Dividend Comparison

TRMVX's dividend yield for the trailing twelve months is around 13.20%, more than FALIX's 5.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FALIX Fidelity Advisor Large Cap Fund Class I	5.86%	5.86%	6.10%	3.43%	2.28%	6.51%	5.39%	8.35%	16.78%	6.13%	2.25%	3.16%
TRMVX SEI Institutional Managed Trust Large Cap Value Fund	13.20%	14.68%	8.65%	6.93%	9.82%	5.93%	2.03%	3.61%	12.12%	4.84%	1.44%	16.14%

Frequently Asked Questions

Can I hold both TRMVX and FALIX in my portfolio?

TRMVX and FALIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRMVX or FALIX?

TRMVX has higher volatility (2.56%) compared to FALIX (0.00%). In terms of maximum drawdown, TRMVX dropped -60.36% vs FALIX's -62.37%.

Which has better risk-adjusted returns?

TRMVX currently has the higher Sharpe Ratio (2.58 vs 1.70), 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.