ENIAX vs. SPY
Compare and contrast key facts about SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and State Street SPDR S&P 500 ETF (SPY).
ENIAX is managed by SEI. It was launched on Dec 13, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
ENIAX vs. SPY - Performance Comparison
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ENIAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 0.38% | 6.14% | 8.34% | 7.94% | -1.16% | 2.67% | 2.47% | 5.82% | 1.82% | 3.93% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, ENIAX achieves a 0.38% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, ENIAX has underperformed SPY with an annualized return of 4.17%, while SPY has yielded a comparatively higher 14.06% annualized return.
ENIAX
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 0.38%
- 6M
- 1.58%
- 1Y
- 5.36%
- 3Y*
- 6.73%
- 5Y*
- 4.57%
- 10Y*
- 4.17%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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ENIAX vs. SPY - Expense Ratio Comparison
ENIAX has a 0.23% expense ratio, which is higher than SPY's 0.09% 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%.
Return for Risk
ENIAX vs. SPY — Risk / Return Rank
ENIAX
SPY
ENIAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and State Street SPDR S&P 500 ETF (SPY). 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.
| ENIAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 0.96 | +0.93 |
Sortino ratioReturn per unit of downside risk | 2.45 | 1.49 | +0.95 |
Omega ratioGain probability vs. loss probability | 2.41 | 1.23 | +1.18 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.53 | +1.01 |
Martin ratioReturn relative to average drawdown | 11.20 | 7.27 | +3.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENIAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.96 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.61 | 0.70 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.50 | 0.79 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.56 | +0.09 |
Correlation
The correlation between ENIAX and SPY is 0.15, 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.
Dividends
ENIAX vs. SPY - Dividend Comparison
ENIAX's dividend yield for the trailing twelve months is around 5.98%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 5.98% | 6.00% | 6.78% | 5.33% | 4.07% | 2.66% | 2.96% | 4.32% | 3.96% | 3.02% | 2.75% | 2.54% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ENIAX vs. SPY - Drawdown Comparison
The maximum ENIAX drawdown since its inception was -33.30%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ENIAX and SPY.
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Drawdown Indicators
| ENIAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.30% | -55.19% | +21.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -12.05% | +9.94% |
Max Drawdown (5Y)Largest decline over 5 years | -3.52% | -24.50% | +20.98% |
Max Drawdown (10Y)Largest decline over 10 years | -13.45% | -33.72% | +20.27% |
Current DrawdownCurrent decline from peak | 0.00% | -5.53% | +5.53% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -9.09% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 2.54% | -2.06% |
Volatility
ENIAX vs. SPY - Volatility Comparison
The current volatility for SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) is 0.36%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that ENIAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENIAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 5.35% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 0.66% | 9.50% | -8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 19.06% | -16.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 17.06% | -14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.78% | 17.92% | -15.14% |