ENIAX vs. DFLYX
Compare and contrast key facts about SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and BNY Mellon Floating Rate Income Fund (DFLYX).
ENIAX is managed by SEI. It was launched on Dec 13, 2006. DFLYX is managed by Dreyfus. It was launched on Sep 26, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENIAX or DFLYX.
Correlation
The correlation between ENIAX and DFLYX is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ENIAX vs. DFLYX - Performance Comparison
Key characteristics
ENIAX:
3.98
DFLYX:
9.35
ENIAX:
4.68
DFLYX:
16.59
ENIAX:
4.17
DFLYX:
7.38
ENIAX:
4.92
DFLYX:
17.86
ENIAX:
25.51
DFLYX:
183.25
ENIAX:
0.26%
DFLYX:
0.05%
ENIAX:
1.68%
DFLYX:
1.04%
ENIAX:
-30.62%
DFLYX:
-18.82%
ENIAX:
-0.99%
DFLYX:
0.00%
Returns By Period
In the year-to-date period, ENIAX achieves a 0.38% return, which is significantly higher than DFLYX's 0.36% return. Over the past 10 years, ENIAX has underperformed DFLYX with an annualized return of 3.85%, while DFLYX has yielded a comparatively higher 4.66% annualized return.
ENIAX
0.38%
-0.87%
2.33%
6.69%
4.30%
3.85%
DFLYX
0.36%
0.53%
4.73%
9.78%
5.71%
4.66%
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ENIAX vs. DFLYX - Expense Ratio Comparison
ENIAX has a 0.23% expense ratio, which is lower than DFLYX's 0.73% expense ratio.
Risk-Adjusted Performance
ENIAX vs. DFLYX — Risk-Adjusted Performance Rank
ENIAX
DFLYX
ENIAX vs. DFLYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and BNY Mellon Floating Rate Income Fund (DFLYX). 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.
Dividends
ENIAX vs. DFLYX - Dividend Comparison
ENIAX's dividend yield for the trailing twelve months is around 5.35%, less than DFLYX's 8.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 5.35% | 5.37% | 7.08% | 4.07% | 2.67% | 4.06% | 4.32% | 3.97% | 3.01% | 2.76% | 2.55% | 2.56% |
DFLYX BNY Mellon Floating Rate Income Fund | 8.75% | 8.78% | 8.78% | 5.48% | 4.22% | 4.66% | 5.54% | 5.19% | 3.77% | 4.51% | 4.65% | 3.76% |
Drawdowns
ENIAX vs. DFLYX - Drawdown Comparison
The maximum ENIAX drawdown since its inception was -30.62%, which is greater than DFLYX's maximum drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for ENIAX and DFLYX. For additional features, visit the drawdowns tool.
Volatility
ENIAX vs. DFLYX - Volatility Comparison
SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) has a higher volatility of 1.42% compared to BNY Mellon Floating Rate Income Fund (DFLYX) at 0.27%. This indicates that ENIAX's price experiences larger fluctuations and is considered to be riskier than DFLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.