LDRAX vs. SGYAX

Last updated Jun 24, 2026

LDRAX (SEI Institutional Investments Trust Long Duration Fund) and SGYAX (SEI Institutional Investments Trust High Yield Bond Fund) are both mutual funds - LDRAX is a Long-Term Bond fund managed by SEI, while SGYAX is a High Yield Bonds fund managed by SEI. Over the past 10 years, LDRAX returned 1.34%/yr vs 5.88%/yr for SGYAX. At a 0.11 correlation, their price movements are largely independent. LDRAX charges 0.14%/yr vs 0.56%/yr for SGYAX.

Performance

LDRAX vs. SGYAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Long Duration Fund (LDRAX) and SEI Institutional Investments Trust High Yield Bond Fund (SGYAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDRAX achieves a 0.25% return, which is significantly lower than SGYAX's 1.29% return. Over the past 10 years, LDRAX has underperformed SGYAX with an annualized return of 1.34%, while SGYAX has yielded a comparatively higher 5.88% annualized return.

LDRAX

• 1D: -0.69%
• 1M: 1.32%
• YTD: 0.25%
• 6M: 0.52%
• 1Y: 5.03%
• 3Y*: 2.07%
• 5Y*: -3.78%
• 10Y*: 1.34%

SGYAX

• 1D: 0.00%
• 1M: 0.64%
• YTD: 1.29%
• 6M: 2.00%
• 1Y: 6.37%
• 3Y*: 8.58%
• 5Y*: 3.53%
• 10Y*: 5.88%

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

LDRAX vs. SGYAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LDRAX SEI Institutional Investments Trust Long Duration Fund	0.25%	6.81%	-3.28%	7.16%	-27.73%	-2.19%	18.23%	21.19%	-5.16%	11.74%
SGYAX SEI Institutional Investments Trust High Yield Bond Fund	1.29%	8.01%	9.12%	10.89%	-13.29%	9.62%	6.04%	14.01%	-2.04%	8.08%

Correlation

The correlation between LDRAX and SGYAX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.11

Over the past year, LDRAX and SGYAX have become more correlated (0.49) than their long-term average of 0.11, meaning their price movements have been converging.

Return for Risk

LDRAX vs. SGYAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LDRAX

LDRAX Risk / Return Rank: 9
LDRAX Sharpe Ratio Rank: 9
LDRAX Sortino Ratio Rank: 9
LDRAX Omega Ratio Rank: 8
LDRAX Calmar Ratio Rank: 11
LDRAX Martin Ratio Rank: 9

SGYAX

SGYAX Risk / Return Rank: 60
SGYAX Sharpe Ratio Rank: 48
SGYAX Sortino Ratio Rank: 81
SGYAX Omega Ratio Rank: 76
SGYAX Calmar Ratio Rank: 42
SGYAX Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LDRAX vs. SGYAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Long Duration Fund (LDRAX) and SEI Institutional Investments Trust High Yield Bond Fund (SGYAX). 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.

	LDRAX	SGYAX	Difference
Sharpe ratio: Return per unit of total volatility	0.69	1.88	-1.19
Sortino ratio: Return per unit of downside risk	1.03	3.51	-2.48
Omega ratio: Gain probability vs. loss probability	1.12	1.45	-0.33
Calmar ratio: Return relative to maximum drawdown	1.02	2.36	-1.34
Martin ratio: Return relative to average drawdown	2.49	10.03	-7.55

LDRAX vs. SGYAX - Sharpe Ratio Comparison

The current LDRAX Sharpe Ratio is 0.69, which is lower than the SGYAX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of LDRAX and SGYAX, 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

LDRAX vs. SGYAX - Drawdown Comparison

The maximum LDRAX drawdown since its inception was -37.23%, smaller than the maximum SGYAX drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for LDRAX and SGYAX.

Drawdown Indicators

	LDRAX	SGYAX	Difference
Max Drawdown Largest peak-to-trough decline	-37.23%	-45.51%	+8.28%
Max Drawdown (1Y) Largest decline over 1 year	-5.34%	-2.77%	-2.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	-4.18%	-10.31%
Max Drawdown (5Y) Largest decline over 5 years	-36.35%	-15.45%	-20.90%
Max Drawdown (10Y) Largest decline over 10 years	-37.23%	-21.85%	-15.38%
Current Drawdown Current decline from peak	-22.63%	-0.29%	-22.34%
Average Drawdown Average peak-to-trough decline	-12.41%	-6.04%	-6.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	0.65%	+1.53%

Volatility

LDRAX vs. SGYAX - Volatility Comparison

SEI Institutional Investments Trust Long Duration Fund (LDRAX) has a higher volatility of 1.98% compared to SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) at 0.92%. This indicates that LDRAX's price experiences larger fluctuations and is considered to be riskier than SGYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDRAX	SGYAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	0.92%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	5.73%	2.71%	+3.02%
Volatility (1Y) Calculated over the trailing 1-year period	7.91%	3.48%	+4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.51%	4.80%	+7.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.40%	5.30%	+6.10%

LDRAX vs. SGYAX - Expense Ratio Comparison

LDRAX has a 0.14% expense ratio, which is lower than SGYAX's 0.56% expense ratio.

Dividends

LDRAX vs. SGYAX - Dividend Comparison

LDRAX's dividend yield for the trailing twelve months is around 5.16%, less than SGYAX's 8.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDRAX SEI Institutional Investments Trust Long Duration Fund	5.16%	5.04%	4.62%	3.42%	3.23%	4.30%	12.32%	8.60%	4.80%	4.46%	6.21%	9.23%
SGYAX SEI Institutional Investments Trust High Yield Bond Fund	8.77%	8.88%	8.68%	10.08%	8.79%	5.37%	7.30%	7.15%	7.31%	7.27%	7.30%	7.88%

Frequently Asked Questions

Can I hold both LDRAX and SGYAX in my portfolio?

LDRAX and SGYAX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDRAX or SGYAX?

LDRAX has higher volatility (1.98%) compared to SGYAX (0.92%). In terms of maximum drawdown, LDRAX dropped -37.23% vs SGYAX's -45.51%.

Which has better risk-adjusted returns?

SGYAX currently has the higher Sharpe Ratio (1.88 vs 0.69), 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.