LDRAX vs. SMQFX
LDRAX (SEI Institutional Investments Trust Long Duration Fund) and SMQFX (SEI Institutional Investments Trust Emerging Markets Equity Fund) are both mutual funds - LDRAX is a Long-Term Bond fund managed by SEI, while SMQFX is a Emerging Markets Equities fund managed by SEI. Over the past 10 years, LDRAX returned 0.62%/yr vs 10.73%/yr for SMQFX. Their -0.03 correlation means they have often moved in opposite directions in the past. LDRAX charges 0.14%/yr vs 0.59%/yr for SMQFX.
Performance
LDRAX vs. SMQFX - 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 SMQFX's 18.65% return. Over the past 10 years, LDRAX has underperformed SMQFX with an annualized return of 0.62%, while SMQFX has yielded a comparatively higher 10.73% 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%
SMQFX
- 1D
- 1.47%
- 1M
- 0.00%
- 6M
- 8.48%
- YTD
- 18.65%
- 1Y
- 38.81%
- 3Y*
- 22.37%
- 5Y*
- 11.54%
- 10Y*
- 10.73%
- ALL TIME*
- 8.55%
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. SMQFX - 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% |
SMQFX SEI Institutional Investments Trust Emerging Markets Equity Fund | 18.65% | 40.14% | 9.19% | 16.67% | -19.31% | 8.09% | 17.33% | 18.91% | -17.67% | 33.53% |
Correlation
The correlation between LDRAX and SMQFX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2014 | -0.03 |
The correlation between LDRAX and SMQFX shifts across timeframes, from -0.03 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LDRAX vs. SMQFX — Risk / Return Rank
LDRAX
SMQFX
LDRAX vs. SMQFX - 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 Emerging Markets Equity Fund (SMQFX). 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 | SMQFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.76 | -2.80 |
| Martin ratioReturn relative to average drawdown | -0.11 | 9.00 | -9.11 |
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Drawdowns
LDRAX vs. SMQFX - Drawdown Comparison
The maximum LDRAX drawdown since its inception was -37.23%, smaller than the maximum SMQFX drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for LDRAX and SMQFX.
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Drawdown Indicators
| LDRAX | SMQFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -40.14% | +2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | -13.62% | +7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -11.43% | -15.03% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -36.35% | -36.37% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -37.23% | -40.14% | +2.91% |
Current DrawdownCurrent decline from peak | -25.53% | -6.44% | -19.09% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -11.96% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 4.16% | -1.67% |
Volatility
LDRAX vs. SMQFX - Volatility Comparison
The current volatility for SEI Institutional Investments Trust Long Duration Fund (LDRAX) is 2.05%, while SEI Institutional Investments Trust Emerging Markets Equity Fund (SMQFX) has a volatility of 7.75%. This indicates that LDRAX experiences smaller price fluctuations and is considered to be less risky than SMQFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDRAX | SMQFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 7.75% | -5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 18.14% | -12.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 20.09% | -12.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 18.46% | -5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.37% | 17.23% | -5.86% |
LDRAX vs. SMQFX - Expense Ratio Comparison
LDRAX has a 0.14% expense ratio, which is lower than SMQFX's 0.59% expense ratio.
Dividends
LDRAX vs. SMQFX - Dividend Comparison
LDRAX's dividend yield for the trailing twelve months is around 4.94%, less than SMQFX's 25.48% 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% |
SMQFX SEI Institutional Investments Trust Emerging Markets Equity Fund | 25.48% | 30.23% | 6.43% | 3.24% | 5.32% | 17.70% | 1.80% | 1.89% | 11.55% | 2.70% | 2.15% | 1.69% |
Frequently Asked Questions
LDRAX and SMQFX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMQFX has higher volatility (7.75%) compared to LDRAX (2.05%). In terms of maximum drawdown, LDRAX dropped -37.23% vs SMQFX's -40.14%.
SMQFX currently has the higher Sharpe Ratio (1.87 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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