PTCIX vs. SLDAX

Last updated Jun 23, 2026

PTCIX (PIMCO Long-Term Credit Bond Fund) and SLDAX (SEI Institutional Investments Trust Long Duration Credit Fund) are both Long-Term Bond funds. Over the past 10 years, PTCIX returned 2.80%/yr vs 1.69%/yr for SLDAX. Their correlation of 0.94 suggests significant overlap in exposure. PTCIX charges 0.55%/yr vs 0.14%/yr for SLDAX.

Performance

PTCIX vs. SLDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Long-Term Credit Bond Fund (PTCIX) and SEI Institutional Investments Trust Long Duration Credit Fund (SLDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTCIX achieves a 1.53% return, which is significantly higher than SLDAX's 0.97% return. Over the past 10 years, PTCIX has outperformed SLDAX with an annualized return of 2.80%, while SLDAX has yielded a comparatively lower 1.69% annualized return.

PTCIX

• 1D: 0.46%
• 1M: 2.47%
• YTD: 1.53%
• 6M: 2.03%
• 1Y: 8.26%
• 3Y*: 4.92%
• 5Y*: -2.36%
• 10Y*: 2.80%

SLDAX

• 1D: 0.39%
• 1M: 1.89%
• YTD: 0.97%
• 6M: 1.41%
• 1Y: 6.58%
• 3Y*: 3.16%
• 5Y*: -3.39%
• 10Y*: 1.69%

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

PTCIX vs. SLDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTCIX PIMCO Long-Term Credit Bond Fund	1.53%	8.56%	-0.06%	9.20%	-27.04%	-1.00%	13.28%	24.99%	-5.92%	13.56%
SLDAX SEI Institutional Investments Trust Long Duration Credit Fund	0.97%	7.37%	-2.78%	8.14%	-26.58%	-2.80%	16.56%	21.45%	-6.23%	11.67%

Correlation

The correlation between PTCIX and SLDAX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 2, 2012	0.94

The correlation between PTCIX and SLDAX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

PTCIX vs. SLDAX — Risk / Return Rank

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

PTCIX

PTCIX Risk / Return Rank: 15
PTCIX Sharpe Ratio Rank: 15
PTCIX Sortino Ratio Rank: 15
PTCIX Omega Ratio Rank: 13
PTCIX Calmar Ratio Rank: 17
PTCIX Martin Ratio Rank: 15

SLDAX

SLDAX Risk / Return Rank: 12
SLDAX Sharpe Ratio Rank: 11
SLDAX Sortino Ratio Rank: 11
SLDAX Omega Ratio Rank: 11
SLDAX Calmar Ratio Rank: 15
SLDAX Martin Ratio Rank: 11

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.

PTCIX vs. SLDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Long-Term Credit Bond Fund (PTCIX) and SEI Institutional Investments Trust Long Duration Credit Fund (SLDAX). 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.

	PTCIX	SLDAX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	0.86	+0.16
Sortino ratio: Return per unit of downside risk	1.51	1.28	+0.23
Omega ratio: Gain probability vs. loss probability	1.18	1.15	+0.03
Calmar ratio: Return relative to maximum drawdown	1.38	1.25	+0.13
Martin ratio: Return relative to average drawdown	3.87	3.08	+0.79

PTCIX vs. SLDAX - Sharpe Ratio Comparison

The current PTCIX Sharpe Ratio is 1.02, which is comparable to the SLDAX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of PTCIX and SLDAX, 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

PTCIX vs. SLDAX - Drawdown Comparison

The maximum PTCIX drawdown since its inception was -35.64%, roughly equal to the maximum SLDAX drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for PTCIX and SLDAX.

Drawdown Indicators

	PTCIX	SLDAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.64%	-36.12%	+0.48%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-5.19%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-13.35%	-13.62%	+0.27%
Max Drawdown (5Y) Largest decline over 5 years	-35.64%	-35.17%	-0.47%
Max Drawdown (10Y) Largest decline over 10 years	-35.64%	-36.12%	+0.48%
Current Drawdown Current decline from peak	-14.14%	-19.50%	+5.36%
Average Drawdown Average peak-to-trough decline	-8.24%	-10.64%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.10%	+0.01%

Volatility

PTCIX vs. SLDAX - Volatility Comparison

PIMCO Long-Term Credit Bond Fund (PTCIX) and SEI Institutional Investments Trust Long Duration Credit Fund (SLDAX) have volatilities of 2.26% and 2.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTCIX	SLDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	2.16%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	6.15%	5.60%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	7.55%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.54%	12.13%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.48%	11.27%	-0.79%

PTCIX vs. SLDAX - Expense Ratio Comparison

PTCIX has a 0.55% expense ratio, which is higher than SLDAX's 0.14% expense ratio.

Dividends

PTCIX vs. SLDAX - Dividend Comparison

PTCIX's dividend yield for the trailing twelve months is around 5.78%, more than SLDAX's 5.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTCIX PIMCO Long-Term Credit Bond Fund	5.78%	5.67%	5.23%	3.83%	4.86%	7.39%	7.72%	5.14%	6.51%	4.81%	5.75%	14.97%
SLDAX SEI Institutional Investments Trust Long Duration Credit Fund	5.11%	5.03%	4.63%	3.38%	3.27%	5.81%	7.64%	3.79%	4.26%	4.41%	4.22%	6.63%

Frequently Asked Questions

Can I hold both PTCIX and SLDAX in my portfolio?

With a correlation of 0.98, PTCIX and SLDAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PTCIX or SLDAX?

PTCIX has higher volatility (2.26%) compared to SLDAX (2.16%). In terms of maximum drawdown, PTCIX dropped -35.64% vs SLDAX's -36.12%.

Which has better risk-adjusted returns?

PTCIX currently has the higher Sharpe Ratio (1.02 vs 0.86), 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.