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SEI Institutional Investments Trust Real Return Fund (RRPAX) Sharpe Ratio: 1.74

Mutual Fund · Currency in USD · Last updated Jul 15, 2026

Under normal circumstances, the fund will invest a significant portion of its assets in investment grade fixed income securities, including inflation-indexed bonds of varying maturities issued by the U.S. Treasury, other U.S. government agencies and instrumentalities. An inflation-indexed bond is a bond that is structured so that its principal value will change with inflation. Treasury Inflation-Protected Securities (TIPS) are a type of inflation-indexed bond in which the fund may invest. The fund's exposure to fixed income securities is not restricted by maturity requirements.

RRPAX's Sharpe Ratio of 1.74 indicates that for each unit of volatility, it generates 1.74 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 15, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

RRPAX Sharpe Ratio Rank

RRPAX Sharpe Ratio Rank: 63.363
Above Average

RRPAX ranks above 63.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

RRPAX Sharpe Ratio Market Positioning

The chart shows RRPAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.04 or lower
  • Yellow zone (middle 50%): 1.04 to 1.92
  • Green zone (top 25%): 1.92 or higher
  • Top 1%: 3.82+
  • Median: 1.56 — half of all investments score higher

How it compares to other similar mutual funds

The table compares SEI Institutional Investments Trust Real Return Fund's Sharpe Ratio with other mutual funds in the Inflation-Protected Bonds category across multiple time periods, showing how RRPAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 15, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
VTSPXVanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares2.24
VTAPXVanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares2.21
VTIPXVanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares2.19
SEIAXSEI Multi-Asset Real Return Fund Class A1.98
IPBAXAllspring Real Return Fund1.97
RRPAXSEI Institutional Investments Trust Real Return Fund1.74
APOIXAmerican Century Short Duration Inflation Protection Bond Fund Investor Class1.69
LIFIXLord Abbett Inflation Focused Fund1.62
ALMIXInvesco Short Duration Inflation Protected Fund1.61
EIRRXEaton Vance Short Duration Inflation-Protected Income Fund1.59

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows RRPAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when RRPAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does RRPAX fit in your portfolio?

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