TRMVX vs. FASGX

Last updated Aug 1, 2026

TRMVX (SEI Institutional Managed Trust Large Cap Value Fund) and FASGX (Fidelity Asset Manager 70% Fund) are both mutual funds - TRMVX is a Large Cap Value Equities fund managed by BlackRock, while FASGX is a Diversified Portfolio fund managed by Fidelity. Over the past 10 years, TRMVX returned 10.96%/yr vs 9.58%/yr for FASGX. Their correlation of 0.86 means they have usually moved in the same direction. TRMVX charges 0.89%/yr vs 0.66%/yr for FASGX.

Performance

TRMVX vs. FASGX - 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 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, TRMVX achieves a 14.76% return, which is significantly higher than FASGX's 10.24% return. Over the past 10 years, TRMVX has outperformed FASGX with an annualized return of 10.96%, while FASGX has yielded a comparatively lower 9.58% annualized return.

TRMVX

• 1D: -0.20%
• 1M: 3.29%
• 6M: 11.34%
• YTD: 14.76%
• 1Y: 28.41%
• 3Y*: 16.19%
• 5Y*: 11.02%
• 10Y*: 10.96%
• ALL TIME*: 8.53%

FASGX

• 1D: 1.69%
• 1M: -0.72%
• 6M: 7.00%
• YTD: 10.24%
• 1Y: 20.53%
• 3Y*: 14.25%
• 5Y*: 7.62%
• 10Y*: 9.58%
• ALL TIME*: 8.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FASGX Fidelity Asset Manager 70% Fund	$0.00	$0.00	$0.00
TRMVX SEI Institutional Managed Trust Large Cap Value Fund	$0.00	$0.00	$0.00

TRMVX vs. FASGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRMVX SEI Institutional Managed Trust Large Cap Value Fund	14.76%	18.89%	12.67%	8.82%	-5.15%	27.72%	-2.40%	22.70%	-9.74%	17.38%
FASGX Fidelity Asset Manager 70% Fund	10.24%	18.23%	10.81%	16.45%	-16.83%	13.98%	17.19%	22.81%	-7.65%	17.34%

Correlation

The correlation between TRMVX and FASGX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Dec 30, 1991	0.86

Over the past year, the correlation between TRMVX and FASGX has dropped to 0.57 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

TRMVX vs. FASGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TRMVX

TRMVX Risk / Return Rank: 92
TRMVX Sharpe Ratio Rank: 92
TRMVX Sortino Ratio Rank: 91
TRMVX Omega Ratio Rank: 85
TRMVX Calmar Ratio Rank: 95
TRMVX Martin Ratio Rank: 95

FASGX

FASGX Risk / Return Rank: 75
FASGX Sharpe Ratio Rank: 73
FASGX Sortino Ratio Rank: 71
FASGX Omega Ratio Rank: 72
FASGX Calmar Ratio Rank: 75
FASGX Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TRMVX vs. FASGX - 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 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.

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.

	TRMVX	FASGX	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.66	+0.74
Sortino ratio: Return per unit of downside risk	3.46	2.35	+1.11
Omega ratio: Gain probability vs. loss probability	1.43	1.30	+0.12
Calmar ratio: Return relative to maximum drawdown	4.30	2.41	+1.89
Martin ratio: Return relative to average drawdown	16.22	10.13	+6.09

TRMVX vs. FASGX - Sharpe Ratio Comparison

The current TRMVX Sharpe Ratio is 2.40, which is higher than the FASGX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of TRMVX 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.

Drawdowns

TRMVX vs. FASGX - Drawdown Comparison

The maximum TRMVX drawdown since its inception was -60.36%, which is greater than FASGX's maximum drawdown of -47.35%. Use the drawdown chart below to compare losses from any high point for TRMVX and FASGX.

Drawdown Indicators

	TRMVX	FASGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.36%	-47.35%	-13.01%
Max Drawdown (1Y) Largest decline over 1 year	-6.12%	-7.95%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-12.80%	-2.72%
Max Drawdown (5Y) Largest decline over 5 years	-19.45%	-23.54%	+4.09%
Max Drawdown (10Y) Largest decline over 10 years	-40.41%	-27.20%	-13.21%
Current Drawdown Current decline from peak	-1.09%	-1.63%	+0.54%
Average Drawdown Average peak-to-trough decline	-8.54%	-6.69%	-1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.89%	-0.27%

Volatility

TRMVX vs. FASGX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Large Cap Value Fund (TRMVX) is 3.08%, while Fidelity Asset Manager 70% Fund (FASGX) has a volatility of 3.33%. This indicates that TRMVX 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

	TRMVX	FASGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	3.33%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	7.82%	9.76%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	11.00%	11.54%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.96%	12.46%	+2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	12.68%	+5.18%

TRMVX vs. FASGX - Expense Ratio Comparison

TRMVX has a 0.89% expense ratio, which is higher than FASGX's 0.66% expense ratio.

Dividends

TRMVX vs. FASGX - Dividend Comparison

TRMVX's dividend yield for the trailing twelve months is around 12.76%, more than FASGX's 6.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASGX Fidelity Asset Manager 70% Fund	6.65%	7.33%	4.60%	1.72%	6.69%	2.73%	2.20%	5.19%	6.31%	2.75%	0.20%	5.58%
TRMVX SEI Institutional Managed Trust Large Cap Value Fund	12.76%	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 FASGX in my portfolio?

TRMVX and FASGX have a correlation of 0.57, 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 FASGX?

FASGX has higher volatility (3.33%) compared to TRMVX (3.08%). In terms of maximum drawdown, TRMVX dropped -60.36% vs FASGX's -47.35%.

Which has better risk-adjusted returns?

TRMVX currently has the higher Sharpe Ratio (2.40 vs 1.66), 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.