Correlation
The correlation between ENIAX and HICOX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
ENIAX vs. HICOX
Compare and contrast key facts about SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and Colorado Bond Shares A Tax Exempt Fund (HICOX).
ENIAX is managed by SEI. It was launched on Dec 13, 2006. HICOX is managed by Freedom Funds. It was launched on Jun 3, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENIAX or HICOX.
Performance
ENIAX vs. HICOX - Performance Comparison
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Key characteristics
ENIAX:
2.43
HICOX:
1.50
ENIAX:
2.69
HICOX:
1.85
ENIAX:
2.62
HICOX:
1.33
ENIAX:
2.36
HICOX:
1.53
ENIAX:
9.92
HICOX:
6.29
ENIAX:
0.53%
HICOX:
0.90%
ENIAX:
2.17%
HICOX:
4.07%
ENIAX:
-30.62%
HICOX:
-8.07%
ENIAX:
-0.62%
HICOX:
-1.10%
Returns By Period
In the year-to-date period, ENIAX achieves a 0.50% return, which is significantly lower than HICOX's 0.62% return. Over the past 10 years, ENIAX has underperformed HICOX with an annualized return of 3.85%, while HICOX has yielded a comparatively higher 4.47% annualized return.
ENIAX
0.50%
0.75%
1.16%
5.25%
6.56%
5.20%
3.85%
HICOX
0.62%
1.50%
0.69%
6.09%
5.57%
4.53%
4.47%
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ENIAX vs. HICOX - Expense Ratio Comparison
ENIAX has a 0.23% expense ratio, which is lower than HICOX's 0.55% expense ratio.
Risk-Adjusted Performance
ENIAX vs. HICOX — Risk-Adjusted Performance Rank
ENIAX
HICOX
ENIAX vs. HICOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and Colorado Bond Shares A Tax Exempt Fund (HICOX). 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.
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Dividends
ENIAX vs. HICOX - Dividend Comparison
ENIAX's dividend yield for the trailing twelve months is around 6.56%, more than HICOX's 5.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 6.56% | 6.78% | 7.09% | 4.07% | 2.66% | 4.05% | 4.32% | 3.96% | 3.02% | 2.75% | 2.54% | 2.56% |
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.57% | 5.44% | 4.99% | 4.64% | 3.93% | 4.15% | 4.12% | 4.55% | 4.74% | 5.53% | 4.14% | 4.85% |
Drawdowns
ENIAX vs. HICOX - Drawdown Comparison
The maximum ENIAX drawdown since its inception was -30.62%, which is greater than HICOX's maximum drawdown of -8.07%. Use the drawdown chart below to compare losses from any high point for ENIAX and HICOX.
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Volatility
ENIAX vs. HICOX - Volatility Comparison
The current volatility for SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) is 0.32%, while Colorado Bond Shares A Tax Exempt Fund (HICOX) has a volatility of 0.93%. This indicates that ENIAX experiences smaller price fluctuations and is considered to be less risky than HICOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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