LCIAX vs. SVPFX

Last updated Aug 4, 2026

LCIAX (SEI Institutional Investments Trust Large Cap Index Fund) and SVPFX (Goldman Sachs Strategic Volatility Premium Fund) are both Large Cap Blend Equities funds. Over the past 5 years, LCIAX returned 11.95%/yr vs 2.15%/yr for SVPFX. Their 0.14 correlation means their historical movements had little consistent relationship. LCIAX charges 0.13%/yr vs 0.38%/yr for SVPFX.

Performance

LCIAX vs. SVPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Large Cap Index Fund (LCIAX) and Goldman Sachs Strategic Volatility Premium Fund (SVPFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCIAX achieves a 9.98% return, which is significantly higher than SVPFX's 2.21% return.

LCIAX

• 1D: 0.62%
• 1M: -0.10%
• 6M: 7.90%
• YTD: 9.98%
• 1Y: 21.05%
• 3Y*: 18.91%
• 5Y*: 11.95%
• 10Y*: 14.76%
• ALL TIME*: 10.17%

SVPFX

• 1D: 0.00%
• 1M: 0.20%
• 6M: 2.11%
• YTD: 2.21%
• 1Y: 5.61%
• 3Y*: 4.76%
• 5Y*: 2.15%
• 10Y*: —
• ALL TIME*: 2.19%

*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)
LCIAX SEI Institutional Investments Trust Large Cap Index Fund	$0.00	$0.00	$0.00
SVPFX Goldman Sachs Strategic Volatility Premium Fund	$0.00	$0.00	$0.00

LCIAX vs. SVPFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LCIAX SEI Institutional Investments Trust Large Cap Index Fund	9.98%	17.33%	23.90%	26.51%	-19.27%	16.22%
SVPFX Goldman Sachs Strategic Volatility Premium Fund	2.21%	4.19%	3.82%	5.30%	-4.37%	0.78%

Correlation

The correlation between LCIAX and SVPFX is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (3Y) Balances recent behavior with more history.	0.16
Correlation (5Y) Shows whether the relationship held over a longer period.	0.14
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021	0.14

Over the past year, LCIAX and SVPFX have become more correlated (0.35) than their long-term average of 0.14, meaning their price movements have been converging.

Return for Risk

LCIAX vs. SVPFX — Risk / Return Rank

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

LCIAX

LCIAX Risk / Return Rank: 55
LCIAX Sharpe Ratio Rank: 51
LCIAX Sortino Ratio Rank: 47
LCIAX Omega Ratio Rank: 47
LCIAX Calmar Ratio Rank: 59
LCIAX Martin Ratio Rank: 71

SVPFX

SVPFX Risk / Return Rank: 96
SVPFX Sharpe Ratio Rank: 95
SVPFX Sortino Ratio Rank: 95
SVPFX Omega Ratio Rank: 95
SVPFX Calmar Ratio Rank: 98
SVPFX Martin Ratio Rank: 98

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.

LCIAX vs. SVPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Large Cap Index Fund (LCIAX) and Goldman Sachs Strategic Volatility Premium Fund (SVPFX). 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.

	LCIAX	SVPFX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.63	-1.14
Sortino ratio: Return per unit of downside risk	2.08	3.95	-1.88
Omega ratio: Gain probability vs. loss probability	1.27	1.59	-0.33
Calmar ratio: Return relative to maximum drawdown	2.18	6.39	-4.21
Martin ratio: Return relative to average drawdown	9.41	23.34	-13.93

LCIAX vs. SVPFX - Sharpe Ratio Comparison

The current LCIAX Sharpe Ratio is 1.49, which is lower than the SVPFX Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of LCIAX and SVPFX, 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

LCIAX vs. SVPFX - Drawdown Comparison

The maximum LCIAX drawdown since its inception was -57.93%, which is greater than SVPFX's maximum drawdown of -6.37%. Use the drawdown chart below to compare losses from any high point for LCIAX and SVPFX.

Drawdown Indicators

	LCIAX	SVPFX	Difference
Max Drawdown Largest peak-to-trough decline	-57.93%	-6.37%	-51.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	-0.91%	-7.90%
Max Drawdown (3Y) Largest decline over 3 years	-26.32%	-5.32%	-21.00%
Max Drawdown (5Y) Largest decline over 5 years	-26.32%	-6.37%	-19.95%
Max Drawdown (10Y) Largest decline over 10 years	-34.54%	—	—
Current Drawdown Current decline from peak	-1.27%	0.00%	-1.27%
Average Drawdown Average peak-to-trough decline	-9.81%	-1.87%	-7.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	0.25%	+1.79%

Volatility

LCIAX vs. SVPFX - Volatility Comparison

SEI Institutional Investments Trust Large Cap Index Fund (LCIAX) has a higher volatility of 3.44% compared to Goldman Sachs Strategic Volatility Premium Fund (SVPFX) at 0.59%. This indicates that LCIAX's price experiences larger fluctuations and is considered to be riskier than SVPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCIAX	SVPFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	0.59%	+2.85%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	1.79%	+8.27%
Volatility (1Y) Calculated over the trailing 1-year period	12.91%	2.21%	+10.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.24%	5.62%	+14.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	5.45%	+14.32%

LCIAX vs. SVPFX - Expense Ratio Comparison

LCIAX has a 0.13% expense ratio, which is lower than SVPFX's 0.38% expense ratio.

Dividends

LCIAX vs. SVPFX - Dividend Comparison

LCIAX's dividend yield for the trailing twelve months is around 14.15%, more than SVPFX's 3.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCIAX SEI Institutional Investments Trust Large Cap Index Fund	14.15%	15.51%	14.83%	13.13%	16.71%	9.30%	2.67%	18.94%	19.92%	4.15%	3.17%	5.35%
SVPFX Goldman Sachs Strategic Volatility Premium Fund	3.18%	1.83%	4.37%	4.29%	0.76%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCIAX and SVPFX in my portfolio?

LCIAX and SVPFX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCIAX or SVPFX?

LCIAX has higher volatility (3.44%) compared to SVPFX (0.59%). In terms of maximum drawdown, LCIAX dropped -57.93% vs SVPFX's -6.37%.

Which has better risk-adjusted returns?

SVPFX currently has the higher Sharpe Ratio (2.63 vs 1.49), 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.