FSUVX vs. SVTAX

Last updated Aug 1, 2026

FSUVX (Fidelity SAI U.S. Low Volatility Index Fund) and SVTAX (SEI Institutional Managed Trust Global Managed Volatility Fund) are both mutual funds - FSUVX is a Low Volatility fund managed by Fidelity, while SVTAX is a Global Equities fund managed by BlackRock. Over the past 10 years, FSUVX returned 11.13%/yr vs 7.24%/yr for SVTAX. Their correlation of 0.87 means they have usually moved in the same direction. FSUVX charges 0.11%/yr vs 1.11%/yr for SVTAX.

Performance

FSUVX vs. SVTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSUVX achieves a 8.73% return, which is significantly higher than SVTAX's 7.32% return. Over the past 10 years, FSUVX has outperformed SVTAX with an annualized return of 11.13%, while SVTAX has yielded a comparatively lower 7.24% annualized return.

FSUVX

• 1D: 0.00%
• 1M: 1.14%
• 6M: 6.39%
• YTD: 8.73%
• 1Y: 14.88%
• 3Y*: 14.07%
• 5Y*: 9.11%
• 10Y*: 11.13%
• ALL TIME*: 11.56%

SVTAX

• 1D: -0.44%
• 1M: 3.20%
• 6M: 5.02%
• YTD: 7.32%
• 1Y: 11.57%
• 3Y*: 11.84%
• 5Y*: 7.63%
• 10Y*: 7.24%
• ALL TIME*: 6.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	$0.00	$0.00	$0.00
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund	$0.00	$0.00	$0.00

FSUVX vs. SVTAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	8.73%	11.03%	17.40%	14.80%	-10.93%	21.51%	9.86%	27.73%	1.35%	17.68%
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund	7.32%	13.44%	12.77%	7.77%	-7.80%	18.18%	-2.68%	19.81%	-6.47%	17.19%

Correlation

The correlation between FSUVX and SVTAX is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015	0.87

The correlation between FSUVX and SVTAX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

FSUVX vs. SVTAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSUVX

FSUVX Risk / Return Rank: 61
FSUVX Sharpe Ratio Rank: 65
FSUVX Sortino Ratio Rank: 65
FSUVX Omega Ratio Rank: 61
FSUVX Calmar Ratio Rank: 53
FSUVX Martin Ratio Rank: 61

SVTAX

SVTAX Risk / Return Rank: 53
SVTAX Sharpe Ratio Rank: 60
SVTAX Sortino Ratio Rank: 66
SVTAX Omega Ratio Rank: 59
SVTAX Calmar Ratio Rank: 48
SVTAX Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSUVX vs. SVTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FSUVX	SVTAX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.46	+0.05
Sortino ratio: Return per unit of downside risk	2.21	2.26	-0.05
Omega ratio: Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	1.87	1.81	+0.07
Martin ratio: Return relative to average drawdown	7.68	4.98	+2.70

FSUVX vs. SVTAX - Sharpe Ratio Comparison

The current FSUVX Sharpe Ratio is 1.52, which is comparable to the SVTAX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of FSUVX and SVTAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSUVX vs. SVTAX - Drawdown Comparison

The maximum FSUVX drawdown since its inception was -32.41%, smaller than the maximum SVTAX drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for FSUVX and SVTAX.

Drawdown Indicators

	FSUVX	SVTAX	Difference
Max Drawdown Largest peak-to-trough decline	-32.41%	-43.81%	+11.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	-5.99%	-1.29%
Max Drawdown (3Y) Largest decline over 3 years	-11.55%	-10.37%	-1.18%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-16.52%	-2.96%
Max Drawdown (10Y) Largest decline over 10 years	-32.41%	-31.02%	-1.39%
Current Drawdown Current decline from peak	-0.68%	-0.44%	-0.24%
Average Drawdown Average peak-to-trough decline	-3.25%	-8.01%	+4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	2.17%	-0.40%

Volatility

FSUVX vs. SVTAX - Volatility Comparison

Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) has a higher volatility of 3.36% compared to SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX) at 2.81%. This indicates that FSUVX's price experiences larger fluctuations and is considered to be riskier than SVTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSUVX	SVTAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	2.81%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	7.10%	5.73%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	9.00%	7.42%	+1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	10.64%	+2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.19%	12.24%	+2.95%

FSUVX vs. SVTAX - Expense Ratio Comparison

FSUVX has a 0.11% expense ratio, which is lower than SVTAX's 1.11% expense ratio.

Dividends

FSUVX vs. SVTAX - Dividend Comparison

FSUVX's dividend yield for the trailing twelve months is around 4.09%, less than SVTAX's 8.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSUVX Fidelity SAI U.S. Low Volatility Index Fund	4.09%	4.45%	2.25%	1.74%	4.12%	3.52%	1.31%	3.80%	2.63%	2.94%	2.23%	1.17%
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund	8.17%	8.77%	8.68%	5.76%	10.62%	11.81%	1.00%	5.39%	10.70%	7.90%	5.97%	6.45%

Frequently Asked Questions

Can I hold both FSUVX and SVTAX in my portfolio?

FSUVX and SVTAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSUVX or SVTAX?

FSUVX has higher volatility (3.36%) compared to SVTAX (2.81%). In terms of maximum drawdown, FSUVX dropped -32.41% vs SVTAX's -43.81%.

Which has better risk-adjusted returns?

FSUVX currently has the higher Sharpe Ratio (1.52 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.