LDRAX vs. SLDBX
LDRAX (SEI Institutional Investments Trust Long Duration Fund) and SLDBX (SEI Institutional Investments Trust Limited Duration Bond Fund) are both mutual funds - LDRAX is a Long-Term Bond fund managed by SEI, while SLDBX is a Short-Term Bond fund managed by SEI. Over the past 10 years, LDRAX returned 0.62%/yr vs 2.13%/yr for SLDBX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. LDRAX charges 0.14%/yr vs 0.32%/yr for SLDBX.
Performance
LDRAX vs. SLDBX - Performance Comparison
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Returns By Period
In the year-to-date period, LDRAX achieves a -3.50% return, which is significantly lower than SLDBX's 0.73% return. Over the past 10 years, LDRAX has underperformed SLDBX with an annualized return of 0.62%, while SLDBX has yielded a comparatively higher 2.13% annualized return.
LDRAX
- 1D
- -0.36%
- 1M
- -3.99%
- 6M
- -3.42%
- YTD
- -3.50%
- 1Y
- -1.29%
- 3Y*
- 1.39%
- 5Y*
- -5.21%
- 10Y*
- 0.62%
- ALL TIME*
- 1.30%
SLDBX
- 1D
- -0.10%
- 1M
- -0.31%
- 6M
- 0.48%
- YTD
- 0.73%
- 1Y
- 2.87%
- 3Y*
- 4.39%
- 5Y*
- 2.02%
- 10Y*
- 2.13%
- ALL TIME*
- 2.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LDRAX vs. SLDBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDRAX SEI Institutional Investments Trust Long Duration Fund | -3.50% | 6.81% | -3.28% | 7.16% | -27.73% | -2.19% | 18.23% | 21.19% | -5.16% | 11.74% |
SLDBX SEI Institutional Investments Trust Limited Duration Bond Fund | 0.73% | 5.89% | 4.06% | 4.35% | -4.09% | -0.17% | 4.02% | 3.97% | 1.81% | 1.30% |
Correlation
The correlation between LDRAX and SLDBX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2014 | 0.57 |
The correlation between LDRAX and SLDBX has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
LDRAX vs. SLDBX — Risk / Return Rank
LDRAX
SLDBX
LDRAX vs. SLDBX - 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 Limited Duration Bond Fund (SLDBX). 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 | SLDBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.42 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.77 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.11 | 10.86 | -10.97 |
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Drawdowns
LDRAX vs. SLDBX - Drawdown Comparison
The maximum LDRAX drawdown since its inception was -37.23%, which is greater than SLDBX's maximum drawdown of -6.12%. Use the drawdown chart below to compare losses from any high point for LDRAX and SLDBX.
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Drawdown Indicators
| LDRAX | SLDBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -6.12% | -31.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | -1.23% | -4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -11.43% | -1.23% | -10.20% |
Max Drawdown (5Y)Largest decline over 5 years | -36.35% | -6.11% | -30.24% |
Max Drawdown (10Y)Largest decline over 10 years | -37.23% | -6.12% | -31.11% |
Current DrawdownCurrent decline from peak | -25.53% | -0.31% | -25.22% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -0.70% | -11.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 0.31% | +2.18% |
Volatility
LDRAX vs. SLDBX - Volatility Comparison
SEI Institutional Investments Trust Long Duration Fund (LDRAX) has a higher volatility of 2.05% compared to SEI Institutional Investments Trust Limited Duration Bond Fund (SLDBX) at 0.42%. This indicates that LDRAX's price experiences larger fluctuations and is considered to be riskier than SLDBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDRAX | SLDBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.42% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 1.55% | +4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 2.01% | +5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 2.29% | +10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.37% | 1.85% | +9.52% |
LDRAX vs. SLDBX - Expense Ratio Comparison
LDRAX has a 0.14% expense ratio, which is lower than SLDBX's 0.32% expense ratio.
Dividends
LDRAX vs. SLDBX - Dividend Comparison
LDRAX's dividend yield for the trailing twelve months is around 4.94%, more than SLDBX's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDRAX SEI Institutional Investments Trust Long Duration Fund | 4.94% | 5.04% | 4.62% | 3.42% | 3.23% | 4.30% | 12.32% | 8.60% | 4.80% | 4.46% | 6.21% | 9.23% |
SLDBX SEI Institutional Investments Trust Limited Duration Bond Fund | 3.90% | 4.34% | 3.75% | 2.85% | 1.30% | 1.24% | 2.75% | 2.77% | 2.30% | 1.59% | 1.44% | 1.27% |
Frequently Asked Questions
LDRAX and SLDBX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDRAX has higher volatility (2.05%) compared to SLDBX (0.42%). In terms of maximum drawdown, LDRAX dropped -37.23% vs SLDBX's -6.12%.
SLDBX currently has the higher Sharpe Ratio (1.72 vs -0.04), 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.
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