TRMVX vs. VALAX

Last updated Apr 1, 2026

Compare and contrast key facts about SEI Institutional Managed Trust Large Cap Value Fund (TRMVX) and Al Frank Fund (VALAX).

TRMVX is managed by BlackRock. It was launched on Apr 20, 1987. VALAX is managed by Al Frank. It was launched on May 1, 2006.

Performance

TRMVX vs. VALAX - 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 Al Frank Fund (VALAX). The values are adjusted to include any dividend payments, if applicable.

TRMVX vs. VALAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRMVX SEI Institutional Managed Trust Large Cap Value Fund	0.84%	18.89%	12.67%	8.82%	-5.15%	27.72%	-2.40%	22.70%	-9.74%	17.38%
VALAX Al Frank Fund	1.54%	23.57%	13.35%	14.05%	-13.50%	24.97%	10.22%	33.98%	-7.87%	18.09%

Returns By Period

In the year-to-date period, TRMVX achieves a 0.84% return, which is significantly lower than VALAX's 1.54% return. Over the past 10 years, TRMVX has underperformed VALAX with an annualized return of 9.97%, while VALAX has yielded a comparatively higher 12.38% annualized return.

TRMVX

• 1D: -0.08%
• 1M: -4.56%
• YTD: 0.84%
• 6M: 5.24%
• 1Y: 17.58%
• 3Y*: 13.48%
• 5Y*: 9.34%
• 10Y*: 9.97%

VALAX

• 1D: -0.77%
• 1M: -6.61%
• YTD: 1.54%
• 6M: 7.86%
• 1Y: 29.09%
• 3Y*: 17.10%
• 5Y*: 8.94%
• 10Y*: 12.38%

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

TRMVX vs. VALAX - Expense Ratio Comparison

TRMVX has a 0.89% expense ratio, which is lower than VALAX's 1.24% expense ratio.

VALAX

Al Frank Fund

TRMVX

SEI Institutional Managed Trust Large Cap Value Fund

Return for Risk

TRMVX vs. VALAX — Risk / Return Rank

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

TRMVX

TRMVX Risk / Return Rank: 65
TRMVX Sharpe Ratio Rank: 65
TRMVX Sortino Ratio Rank: 66
TRMVX Omega Ratio Rank: 65
TRMVX Calmar Ratio Rank: 61
TRMVX Martin Ratio Rank: 70

VALAX

VALAX Risk / Return Rank: 85
VALAX Sharpe Ratio Rank: 85
VALAX Sortino Ratio Rank: 85
VALAX Omega Ratio Rank: 84
VALAX Calmar Ratio Rank: 85
VALAX Martin Ratio Rank: 86

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. VALAX - 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 Al Frank Fund (VALAX). 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	VALAX	Difference
Sharpe ratio Return per unit of total volatility	1.16	1.63	-0.47
Sortino ratio Return per unit of downside risk	1.66	2.23	-0.57
Omega ratio Gain probability vs. loss probability	1.25	1.34	-0.09
Calmar ratio Return relative to maximum drawdown	1.42	2.13	-0.71
Martin ratio Return relative to average drawdown	6.61	9.00	-2.39
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. VALAX - Sharpe Ratio Comparison

The current TRMVX Sharpe Ratio is 1.16, which is comparable to the VALAX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of TRMVX and VALAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TRMVX	VALAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.63	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.51	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.64	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.39	+0.07

Correlation

The correlation between TRMVX and VALAX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TRMVX vs. VALAX - Dividend Comparison

TRMVX's dividend yield for the trailing twelve months is around 14.55%, more than VALAX's 8.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRMVX SEI Institutional Managed Trust Large Cap Value Fund	14.55%	14.68%	8.65%	6.93%	9.82%	5.93%	2.03%	3.61%	12.12%	4.84%	1.44%	16.14%
VALAX Al Frank Fund	8.52%	8.65%	10.32%	5.95%	8.62%	6.83%	7.17%	13.51%	10.73%	10.66%	5.32%	9.53%

Drawdowns

TRMVX vs. VALAX - Drawdown Comparison

The maximum TRMVX drawdown since its inception was -60.36%, roughly equal to the maximum VALAX drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for TRMVX and VALAX.

Drawdown Indicators

	TRMVX	VALAX	Difference
Max Drawdown Largest peak-to-trough decline	-60.36%	-61.26%	+0.90%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-13.03%	+0.87%
Max Drawdown (5Y) Largest decline over 5 years	-19.45%	-25.81%	+6.36%
Max Drawdown (10Y) Largest decline over 10 years	-40.41%	-38.22%	-2.19%
Current Drawdown Current decline from peak	-5.55%	-8.56%	+3.01%
Average Drawdown Average peak-to-trough decline	-8.60%	-10.83%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	3.08%	-0.47%

Volatility

TRMVX vs. VALAX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Large Cap Value Fund (TRMVX) is 3.06%, while Al Frank Fund (VALAX) has a volatility of 4.61%. This indicates that TRMVX experiences smaller price fluctuations and is considered to be less risky than VALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRMVX	VALAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	4.61%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	10.48%	-2.21%
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	18.57%	-2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	17.70%	-2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	19.29%	-1.32%