RPLCX vs. LDRAX

Last updated Jun 3, 2026

RPLCX (T. Rowe Price Institutional Long Duration Credit Fund) and LDRAX (SEI Institutional Investments Trust Long Duration Fund) are both Long-Term Bond funds. Over the past 10 years, RPLCX returned 2.22%/yr vs 1.43%/yr for LDRAX. With a 0.96 correlation, they move nearly in lockstep. RPLCX charges 0.45%/yr vs 0.14%/yr for LDRAX.

Performance

RPLCX vs. LDRAX - Performance Comparison

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

Returns By Period

In the year-to-date period, RPLCX achieves a 0.77% return, which is significantly higher than LDRAX's 0.43% return. Over the past 10 years, RPLCX has outperformed LDRAX with an annualized return of 2.22%, while LDRAX has yielded a comparatively lower 1.43% annualized return.

RPLCX

• 1D: 0.00%
• 1M: 1.00%
• YTD: 0.77%
• 6M: 0.71%
• 1Y: 8.81%
• 3Y*: 3.95%
• 5Y*: -2.22%
• 10Y*: 2.22%

LDRAX

• 1D: -0.17%
• 1M: 0.79%
• YTD: 0.43%
• 6M: -0.32%
• 1Y: 7.06%
• 3Y*: 2.45%
• 5Y*: -3.23%
• 10Y*: 1.43%

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

RPLCX vs. LDRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPLCX T. Rowe Price Institutional Long Duration Credit Fund	0.77%	7.65%	-1.84%	9.05%	-27.00%	-0.19%	16.73%	23.72%	-6.27%	11.03%
LDRAX SEI Institutional Investments Trust Long Duration Fund	0.43%	6.81%	-3.28%	7.16%	-27.73%	-2.19%	18.23%	21.19%	-5.16%	11.74%

Correlation

The correlation between RPLCX and LDRAX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.96

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

Return for Risk

RPLCX vs. LDRAX — Risk / Return Rank

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

RPLCX

RPLCX Risk / Return Rank: 15
RPLCX Sharpe Ratio Rank: 14
RPLCX Sortino Ratio Rank: 14
RPLCX Omega Ratio Rank: 13
RPLCX Calmar Ratio Rank: 19
RPLCX Martin Ratio Rank: 15

LDRAX

LDRAX Risk / Return Rank: 10
LDRAX Sharpe Ratio Rank: 10
LDRAX Sortino Ratio Rank: 9
LDRAX Omega Ratio Rank: 9
LDRAX Calmar Ratio Rank: 14
LDRAX 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.

RPLCX vs. LDRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) and SEI Institutional Investments Trust Long Duration Fund (LDRAX). 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.

	RPLCX	LDRAX	Difference
Sharpe ratio Return per unit of total volatility	1.04	0.79	+0.25
Sortino ratio Return per unit of downside risk	1.56	1.17	+0.39
Omega ratio Gain probability vs. loss probability	1.18	1.14	+0.05
Calmar ratio Return relative to maximum drawdown	1.61	1.31	+0.30
Martin ratio Return relative to average drawdown	4.48	3.30	+1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPLCX vs. LDRAX - Sharpe Ratio Comparison

The current RPLCX Sharpe Ratio is 1.04, which is higher than the LDRAX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of RPLCX and LDRAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RPLCX	LDRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	0.79	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	-0.26	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.13	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.13	+0.22

Drawdowns

RPLCX vs. LDRAX - Drawdown Comparison

The maximum RPLCX drawdown since its inception was -35.21%, smaller than the maximum LDRAX drawdown of -37.23%. Use the drawdown chart below to compare losses from any high point for RPLCX and LDRAX.

Drawdown Indicators

	RPLCX	LDRAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-37.23%	+2.02%
Max Drawdown (1Y) Largest decline over 1 year	-5.19%	-5.34%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-13.32%	-14.49%	+1.17%
Max Drawdown (5Y) Largest decline over 5 years	-35.21%	-36.35%	+1.14%
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	-37.23%	+2.02%
Current Drawdown Current decline from peak	-16.87%	-22.50%	+5.63%
Average Drawdown Average peak-to-trough decline	-10.12%	-12.39%	+2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.12%	-0.25%

Volatility

RPLCX vs. LDRAX - Volatility Comparison

T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) and SEI Institutional Investments Trust Long Duration Fund (LDRAX) have volatilities of 2.67% and 2.66%, 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

	RPLCX	LDRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.66%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	5.64%	5.70%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	7.84%	8.08%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.65%	12.54%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.60%	11.40%	-0.80%

RPLCX vs. LDRAX - Expense Ratio Comparison

RPLCX has a 0.45% expense ratio, which is higher than LDRAX's 0.14% expense ratio.

Dividends

RPLCX vs. LDRAX - Dividend Comparison

RPLCX's dividend yield for the trailing twelve months is around 5.36%, more than LDRAX's 5.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDRAX SEI Institutional Investments Trust Long Duration Fund	5.15%	5.04%	4.62%	3.42%	3.23%	4.30%	12.32%	8.60%	4.80%	4.46%	6.21%	9.23%
RPLCX T. Rowe Price Institutional Long Duration Credit Fund	5.36%	5.32%	5.17%	4.15%	3.54%	6.09%	7.16%	13.58%	4.33%	4.07%	3.79%	4.70%

Frequently Asked Questions

Can I hold both RPLCX and LDRAX in my portfolio?

With a correlation of 0.94, RPLCX and LDRAX 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, RPLCX or LDRAX?

RPLCX has higher volatility (2.67%) compared to LDRAX (2.66%). In terms of maximum drawdown, RPLCX dropped -35.21% vs LDRAX's -37.23%.

Which has better risk-adjusted returns?

RPLCX currently has the higher Sharpe Ratio (1.04 vs 0.79), 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.