TRMVX vs. TORYX

Last updated Jun 5, 2026

TRMVX (SEI Institutional Managed Trust Large Cap Value Fund) and TORYX (Torray Fund) are both Large Cap Value Equities funds. Over the past 10 years, TRMVX returned 10.73%/yr vs 9.70%/yr for TORYX. Their correlation of 0.90 suggests significant overlap in exposure. TRMVX charges 0.89%/yr vs 1.07%/yr for TORYX.

Performance

TRMVX vs. TORYX - 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 Torray Fund (TORYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRMVX achieves a 10.04% return, which is significantly lower than TORYX's 12.71% return. Over the past 10 years, TRMVX has outperformed TORYX with an annualized return of 10.73%, while TORYX has yielded a comparatively lower 9.70% annualized return.

TRMVX

• 1D: -0.48%
• 1M: 2.27%
• YTD: 10.04%
• 6M: 11.89%
• 1Y: 26.89%
• 3Y*: 17.22%
• 5Y*: 9.56%
• 10Y*: 10.73%

TORYX

• 1D: -0.90%
• 1M: 2.49%
• YTD: 12.71%
• 6M: 10.67%
• 1Y: 24.99%
• 3Y*: 18.12%
• 5Y*: 10.65%
• 10Y*: 9.70%

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

TRMVX vs. TORYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRMVX SEI Institutional Managed Trust Large Cap Value Fund	10.04%	18.89%	12.67%	8.82%	-5.15%	27.72%	-2.40%	22.70%	-9.74%	17.38%
TORYX Torray Fund	12.71%	14.89%	13.77%	12.57%	-0.69%	21.40%	-2.45%	19.89%	-10.59%	12.07%

Correlation

The correlation between TRMVX and TORYX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 18, 1990	0.90

The correlation between TRMVX and TORYX shifts across timeframes, from 0.83 (1 year) to 0.93 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

TRMVX vs. TORYX — Risk / Return Rank

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

TRMVX

TRMVX Risk / Return Rank: 76
TRMVX Sharpe Ratio Rank: 70
TRMVX Sortino Ratio Rank: 72
TRMVX Omega Ratio Rank: 62
TRMVX Calmar Ratio Rank: 88
TRMVX Martin Ratio Rank: 85

TORYX

TORYX Risk / Return Rank: 72
TORYX Sharpe Ratio Rank: 59
TORYX Sortino Ratio Rank: 63
TORYX Omega Ratio Rank: 53
TORYX Calmar Ratio Rank: 94
TORYX Martin Ratio Rank: 88

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. TORYX - 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 Torray Fund (TORYX). 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	TORYX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.26	+0.15
Sortino ratio: Return per unit of downside risk	3.49	3.32	+0.17
Omega ratio: Gain probability vs. loss probability	1.43	1.40	+0.03
Calmar ratio: Return relative to maximum drawdown	4.31	5.49	-1.19
Martin ratio: Return relative to average drawdown	15.70	16.67	-0.97
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. TORYX - Sharpe Ratio Comparison

The current TRMVX Sharpe Ratio is 2.41, which is comparable to the TORYX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of TRMVX and TORYX, 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	TORYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.26	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.70	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.55	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.54	-0.07

Drawdowns

TRMVX vs. TORYX - Drawdown Comparison

The maximum TRMVX drawdown since its inception was -60.36%, which is greater than TORYX's maximum drawdown of -56.55%. Use the drawdown chart below to compare losses from any high point for TRMVX and TORYX.

Drawdown Indicators

	TRMVX	TORYX	Difference
Max Drawdown Largest peak-to-trough decline	-60.36%	-56.55%	-3.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.12%	-4.50%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-14.64%	-0.88%
Max Drawdown (5Y) Largest decline over 5 years	-19.45%	-16.53%	-2.92%
Max Drawdown (10Y) Largest decline over 10 years	-40.41%	-38.31%	-2.10%
Current Drawdown Current decline from peak	-0.48%	-0.90%	+0.42%
Average Drawdown Average peak-to-trough decline	-8.57%	-7.34%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.48%	+0.19%

Volatility

TRMVX vs. TORYX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Large Cap Value Fund (TRMVX) is 2.51%, while Torray Fund (TORYX) has a volatility of 3.36%. This indicates that TRMVX experiences smaller price fluctuations and is considered to be less risky than TORYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRMVX	TORYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	3.36%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	7.84%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	10.93%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	15.17%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	17.62%	+0.33%

TRMVX vs. TORYX - Expense Ratio Comparison

TRMVX has a 0.89% expense ratio, which is lower than TORYX's 1.07% expense ratio.

Dividends

TRMVX vs. TORYX - Dividend Comparison

TRMVX's dividend yield for the trailing twelve months is around 13.32%, less than TORYX's 29.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TORYX Torray Fund	29.32%	32.38%	7.32%	6.47%	10.55%	10.80%	3.22%	2.66%	2.21%	7.34%	8.93%	4.30%
TRMVX SEI Institutional Managed Trust Large Cap Value Fund	13.32%	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 TORYX in my portfolio?

TRMVX and TORYX have a correlation of 0.83, 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 TORYX?

TORYX has higher volatility (3.36%) compared to TRMVX (2.51%). In terms of maximum drawdown, TRMVX dropped -60.36% vs TORYX's -56.55%.

Which has better risk-adjusted returns?

TRMVX currently has the higher Sharpe Ratio (2.41 vs 2.26), 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.