ENIAX Alternatives & Similar Mutual Funds

SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ENIAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ENIAX

ENIAX charges 0.23% annually. There are 9 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.

Symbol	Name	Expense Ratio	AUM	Inception
FHCOX	Federated Hermes Conservative Microshort Fund	0.05%	—	Feb 2021	ENIAX vs FHCOX
DFIHX	DFA One Year Fixed Income Portfolio	0.13%	—	Jul 1983	ENIAX vs DFIHX
BUBIX	Baird Ultra Short Bond Fund Institutional Class	0.15%	—	Dec 2013	ENIAX vs BUBIX
CUTAX	Six Circles Tax Aware Ultra Short Duration Fund	0.15%	—	Jul 2018	ENIAX vs CUTAX
DFYGX	DFA Two-Year Government Portfolio	0.17%	—	Jun 1996	ENIAX vs DFYGX

Best Risk-Adjusted Alternatives to ENIAX

ENIAX has a PortfoliosLab risk / return rank of 100. There are 4 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
NUSIX	Navigator Ultra Short Term Bond Fund	100	—	Mar 2019	ENIAX vs NUSIX
BUBSX	Baird Ultra Short Bond Fund	100	—	Dec 2013	ENIAX vs BUBSX
BUBIX	Baird Ultra Short Bond Fund Institutional Class	100	—	Dec 2013	ENIAX vs BUBIX
PAIPX	PIMCO Short Asset Investment Fund	100	—	May 2012	ENIAX vs PAIPX
CBUDX	CrossingBridge Ultra-Short Duration Fund	99	—	Jun 2021	ENIAX vs CBUDX

Top Performing ENIAX Alternatives (YTD)

ENIAX is at 1.52% YTD. There are 17 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.

Symbol	Name	YTD Return	AUM	Inception
SEMRX	Semper Short Duration Fund	2.15%	—	Dec 2010	ENIAX vs SEMRX
PTSHX	PIMCO Short Term Fund	1.92%	—	Oct 1987	ENIAX vs PTSHX
PAIPX	PIMCO Short Asset Investment Fund	1.80%	—	May 2012	ENIAX vs PAIPX
MYFRX	Pioneer Multi-Asset Ultrashort Income Fund	1.73%	—	Apr 2011	ENIAX vs MYFRX
TRSTX	T. Rowe Price Ultra Short-Term Bond Fund Class I	1.64%	—	Jul 2017	ENIAX vs TRSTX

Lowest Volatility Alternatives to ENIAX

ENIAX has 0.95% 1-year volatility. There are 9 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
TMPFX	Tactical Multi-Purpose Fund	0.56%	—	Mar 2017	ENIAX vs TMPFX
BUBSX	Baird Ultra Short Bond Fund	0.62%	—	Dec 2013	ENIAX vs BUBSX
NUSIX	Navigator Ultra Short Term Bond Fund	0.63%	—	Mar 2019	ENIAX vs NUSIX
PRTBX	Permanent Portfolio Short-Term Treasury Portfolio	0.68%	—	Sep 1987	ENIAX vs PRTBX
BUBIX	Baird Ultra Short Bond Fund Institutional Class	0.70%	—	Dec 2013	ENIAX vs BUBIX

Lowest Drawdown Alternatives to ENIAX

ENIAX has a 1-year max drawdown of -0.37%. There are 28 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TMPFX	Tactical Multi-Purpose Fund	0.00%	—	Mar 2017	ENIAX vs TMPFX
UGSDX	U.S. Global Investors U.S. Government Ultra-Short ...	0.00%	—	Dec 2013	ENIAX vs UGSDX
FHQFX	Fidelity Series Treasury Bill Index Fund	-0.10%	—	Aug 2018	ENIAX vs FHQFX
MUIIX	Morgan Stanley Institutional Fund Trust Ultra-Shor...	-0.10%	—	Apr 2016	ENIAX vs MUIIX
NUSIX	Navigator Ultra Short Term Bond Fund	-0.10%	—	Mar 2019	ENIAX vs NUSIX

Other Mutual Funds from SEI

The 10 most viewed SEI mutual funds shown here include SGYAX, STDAX, SEATX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SGYAX	SEI Institutional Investments Trust High Yield Bon...	High Yield Bonds	63	1.59%	—	Dec 2005	ENIAX vs SGYAX
STDAX	SEI Asset Allocation Trust Defensive Strategy Allo...	Diversified Portfolio	99	1.30%	—	Nov 2003	ENIAX vs STDAX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	Intermediate Core-Plus Bond	39	2.21%	—	Sep 2007	ENIAX vs SEATX
SDLAX	SEI Institutional Investments Trust Dynamic Asset ...	Large Cap Blend Equities	62	10.77%	—	Jul 2010	ENIAX vs SDLAX
SIEMX	SEI Institutional International Trust Emerging Mar...	Emerging Markets Diversified	91	29.32%	—	Jan 1995	ENIAX vs SIEMX
SPINX	SEI Institutional Investments Trust S&P 500 Index ...	S&P 500	74	11.70%	—	Dec 2013	ENIAX vs SPINX
SEITX	SEI Institutional International Trust Internationa...	Foreign Large Cap Equities	41	10.73%	—	Dec 1989	ENIAX vs SEITX
CAVAX	SEI Catholic Values Trust Catholic Values Equity F...	Large Cap Blend Equities	48	9.85%	—	Apr 2015	ENIAX vs CAVAX
SEIMX	SEI Tax Exempt Trust Intermediate-Term Municipal F...	Municipal Bonds	67	1.27%	—	Sep 1989	ENIAX vs SEIMX
SBDAX	SEI Tax Exempt Trust California Municipal Bond Fun...	Municipal Bonds	54	0.18%	—	Aug 1998	ENIAX vs SBDAX

Often Compared With ENIAX

Investors most often compare ENIAX with PAAA, DBSCX, FLTR. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PAAA	PGIM AAA CLO ETF	CLO	99	2.03%	10.16B	Jul 2023	ENIAX vs PAAA
DBSCX	Doubleline Selective Credit Fund	Multisector Bonds	94	1.71%	—	Aug 2014	ENIAX vs DBSCX
FLTR	VanEck Vectors Investment Grade Floating Rate ETF	Corporate Bonds	99	1.91%	2.75B	Apr 2011	ENIAX vs FLTR
HICOX	Colorado Bond Shares A Tax Exempt Fund	Municipal Bonds	96	2.13%	—	Jun 1987	ENIAX vs HICOX
DFLYX	BNY Mellon Floating Rate Income Fund	Bank Loan	81	1.81%	—	Sep 2013	ENIAX vs DFLYX
CLOI	VanEck CLO ETF	CLO	97	2.06%	1.34B	Jun 2022	ENIAX vs CLOI
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.51%	91.90B	May 2020	ENIAX vs SGOV
JPST	JPMorgan Ultra-Short Income ETF	Ultrashort Bond	99	1.40%	38.40B	May 2017	ENIAX vs JPST
PYLMX	Payden Limited Maturity Fund	Ultrashort Bond	97	1.39%	—	Apr 1994	ENIAX vs PYLMX
USFR	WisdomTree Floating Rate Treasury Fund	Government Bonds, Ultrashort Bond	100	1.60%	17.01B	Feb 2014	ENIAX vs USFR
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	ENIAX vs SPY
PSDYX	Putnam Ultra Short Duration Income Fund	Ultrashort Bond	98	1.43%	—	Oct 2011	ENIAX vs PSDYX
VMSAX	Vanguard Multi-Sector Income Bond Fund Admiral Sha...	Multisector Bonds	24	1.19%	—	Oct 2021	ENIAX vs VMSAX
SNSAX	SEI Asset Allocation Trust Defensive Strategy Fund	Short-Term Bond	89	1.86%	—	Nov 2003	ENIAX vs SNSAX
SMSAX	SEI Institutional Managed Trust Multi-Strategy Alt...	Multistrategy	91	7.33%	—	Mar 2010	ENIAX vs SMSAX
SEFIX	SEI Institutional International Trust Internationa...	Global Bonds	4	-0.11%	—	Aug 1993	ENIAX vs SEFIX
VMFXX	Vanguard Federal Money Market Fund	Money Market	—	1.50%	0.00	Jul 1981	ENIAX vs VMFXX
GPPIX	Goldman Sachs Short-Term Conservative Income Fund	Ultrashort Bond	99	1.56%	—	Feb 2014	ENIAX vs GPPIX
SEPAX	SEI Tax-Exempt Trust Pennsylvania Municipal Bond F...	Municipal Bonds	58	0.49%	—	Aug 1998	ENIAX vs SEPAX
SUMAX	SEI Tax Exempt Trust Short Duration Municipal Fund	Municipal Bonds	88	0.90%	—	Nov 2003	ENIAX vs SUMAX

Compare ENIAX with Any Fund or Stock

Compare ENIAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ENIAX with funds that move differently

SEI Institutional Investments Trust Opportunistic Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ENIAX.

Explore ENIAX Diversifiers

SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) Alternatives