LDRAX vs. SSMAX
LDRAX (SEI Institutional Investments Trust Long Duration Fund) and SSMAX (SEI Institutional Investments Trust Small/Mid Cap Equity Fund) are both mutual funds - LDRAX is a Long-Term Bond fund managed by SEI, while SSMAX is a Small Cap Blend Equities fund managed by SEI. Over the past 10 years, LDRAX returned 0.62%/yr vs 9.12%/yr for SSMAX. Their -0.19 correlation means they have often moved in opposite directions in the past. LDRAX charges 0.14%/yr vs 0.72%/yr for SSMAX.
Performance
LDRAX vs. SSMAX - 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 SSMAX's 14.30% return. Over the past 10 years, LDRAX has underperformed SSMAX with an annualized return of 0.62%, while SSMAX has yielded a comparatively higher 9.12% 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%
SSMAX
- 1D
- -0.18%
- 1M
- -0.63%
- 6M
- 8.71%
- YTD
- 14.30%
- 1Y
- 21.10%
- 3Y*
- 10.54%
- 5Y*
- 5.34%
- 10Y*
- 9.12%
- ALL TIME*
- 8.24%
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. SSMAX - 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% |
SSMAX SEI Institutional Investments Trust Small/Mid Cap Equity Fund | 14.30% | 3.70% | 11.72% | 12.41% | -17.84% | 25.88% | 12.25% | 25.52% | -11.36% | 13.53% |
Correlation
The correlation between LDRAX and SSMAX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2007 | -0.19 |
The correlation between LDRAX and SSMAX shifts across timeframes, from -0.19 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LDRAX vs. SSMAX — Risk / Return Rank
LDRAX
SSMAX
LDRAX vs. SSMAX - 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 Small/Mid Cap Equity Fund (SSMAX). 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 | SSMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.23 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.22 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.11 | 7.47 | -7.58 |
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Drawdowns
LDRAX vs. SSMAX - Drawdown Comparison
The maximum LDRAX drawdown since its inception was -37.23%, smaller than the maximum SSMAX drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for LDRAX and SSMAX.
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Drawdown Indicators
| LDRAX | SSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -58.31% | +21.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | -8.78% | +2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -11.43% | -24.61% | +13.18% |
Max Drawdown (5Y)Largest decline over 5 years | -36.35% | -26.45% | -9.90% |
Max Drawdown (10Y)Largest decline over 10 years | -37.23% | -41.23% | +4.00% |
Current DrawdownCurrent decline from peak | -25.53% | -1.78% | -23.75% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -9.69% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.60% | -0.11% |
Volatility
LDRAX vs. SSMAX - Volatility Comparison
The current volatility for SEI Institutional Investments Trust Long Duration Fund (LDRAX) is 2.05%, while SEI Institutional Investments Trust Small/Mid Cap Equity Fund (SSMAX) has a volatility of 3.10%. This indicates that LDRAX experiences smaller price fluctuations and is considered to be less risky than SSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDRAX | SSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 3.10% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 10.91% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 15.28% | -7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 19.11% | -6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.37% | 20.68% | -9.31% |
LDRAX vs. SSMAX - Expense Ratio Comparison
LDRAX has a 0.14% expense ratio, which is lower than SSMAX's 0.72% expense ratio.
Dividends
LDRAX vs. SSMAX - Dividend Comparison
LDRAX's dividend yield for the trailing twelve months is around 4.94%, less than SSMAX's 6.82% 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% |
SSMAX SEI Institutional Investments Trust Small/Mid Cap Equity Fund | 6.82% | 7.73% | 7.95% | 1.02% | 7.76% | 29.28% | 3.90% | 6.69% | 25.14% | 12.23% | 4.94% | 17.42% |
Frequently Asked Questions
LDRAX and SSMAX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSMAX has higher volatility (3.10%) compared to LDRAX (2.05%). In terms of maximum drawdown, LDRAX dropped -37.23% vs SSMAX's -58.31%.
SSMAX currently has the higher Sharpe Ratio (1.28 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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