ENIAX vs. PAAA
Compare and contrast key facts about SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and PGIM AAA CLO ETF (PAAA).
ENIAX is managed by SEI. It was launched on Dec 13, 2006. PAAA is an actively managed fund by PGIM. It was launched on Jul 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENIAX or PAAA.
Correlation
The correlation between ENIAX and PAAA is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ENIAX vs. PAAA - Performance Comparison
Key characteristics
ENIAX:
3.98
PAAA:
10.48
ENIAX:
4.68
PAAA:
20.25
ENIAX:
4.17
PAAA:
6.29
ENIAX:
4.92
PAAA:
27.72
ENIAX:
27.31
PAAA:
193.16
ENIAX:
0.24%
PAAA:
0.04%
ENIAX:
1.68%
PAAA:
0.70%
ENIAX:
-30.62%
PAAA:
-0.27%
ENIAX:
-1.11%
PAAA:
-0.01%
Returns By Period
In the year-to-date period, ENIAX achieves a 0.25% return, which is significantly higher than PAAA's 0.21% return.
ENIAX
0.25%
-0.99%
2.20%
6.55%
4.28%
3.84%
PAAA
0.21%
0.44%
3.38%
7.31%
N/A
N/A
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ENIAX vs. PAAA - Expense Ratio Comparison
ENIAX has a 0.23% expense ratio, which is higher than PAAA's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ENIAX vs. PAAA — Risk-Adjusted Performance Rank
ENIAX
PAAA
ENIAX vs. PAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and PGIM AAA CLO ETF (PAAA). 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. PAAA - Dividend Comparison
ENIAX's dividend yield for the trailing twelve months is around 5.36%, less than PAAA's 5.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 5.36% | 5.37% | 7.08% | 4.07% | 2.67% | 4.06% | 4.32% | 3.97% | 3.01% | 2.76% | 2.55% | 2.56% |
PAAA PGIM AAA CLO ETF | 5.87% | 5.88% | 2.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ENIAX vs. PAAA - Drawdown Comparison
The maximum ENIAX drawdown since its inception was -30.62%, which is greater than PAAA's maximum drawdown of -0.27%. Use the drawdown chart below to compare losses from any high point for ENIAX and PAAA. For additional features, visit the drawdowns tool.
Volatility
ENIAX vs. PAAA - Volatility Comparison
SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) has a higher volatility of 1.41% compared to PGIM AAA CLO ETF (PAAA) at 0.20%. This indicates that ENIAX's price experiences larger fluctuations and is considered to be riskier than PAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.