RRPAX vs. BKIPX
Compare and contrast key facts about SEI Institutional Investments Trust Real Return Fund (RRPAX) and iShares Short-Term TIPS Bond Index Fund Class K (BKIPX).
RRPAX is managed by SEI. It was launched on Dec 13, 2006. BKIPX is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index. It was launched on Feb 16, 2016.
Performance
RRPAX vs. BKIPX - Performance Comparison
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RRPAX vs. BKIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RRPAX SEI Institutional Investments Trust Real Return Fund | 0.86% | 6.53% | 4.54% | 3.49% | -4.06% | 5.41% | 5.64% | 5.01% | 0.31% | 0.73% |
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 0.73% | 6.08% | 4.77% | 3.37% | -4.18% | 5.21% | 4.86% | 4.90% | 0.61% | 0.90% |
Returns By Period
In the year-to-date period, RRPAX achieves a 0.86% return, which is significantly higher than BKIPX's 0.73% return.
RRPAX
- 1D
- 0.32%
- 1M
- -0.11%
- YTD
- 0.86%
- 6M
- 1.17%
- 1Y
- 3.81%
- 3Y*
- 4.34%
- 5Y*
- 3.06%
- 10Y*
- 2.90%
BKIPX
- 1D
- 0.20%
- 1M
- -0.20%
- YTD
- 0.73%
- 6M
- 1.06%
- 1Y
- 3.68%
- 3Y*
- 4.22%
- 5Y*
- 2.90%
- 10Y*
- —
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RRPAX vs. BKIPX - Expense Ratio Comparison
RRPAX has a 0.02% expense ratio, which is lower than BKIPX's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
RRPAX vs. BKIPX — Risk / Return Rank
RRPAX
BKIPX
RRPAX vs. BKIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Real Return Fund (RRPAX) and iShares Short-Term TIPS Bond Index Fund Class K (BKIPX). 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.
| RRPAX | BKIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.84 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.64 | 3.16 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.24 | 4.28 | -1.05 |
Martin ratioReturn relative to average drawdown | 11.39 | 12.41 | -1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RRPAX | BKIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.84 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.95 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.11 | -0.61 |
Correlation
The correlation between RRPAX and BKIPX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RRPAX vs. BKIPX - Dividend Comparison
RRPAX's dividend yield for the trailing twelve months is around 4.60%, more than BKIPX's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RRPAX SEI Institutional Investments Trust Real Return Fund | 4.60% | 4.64% | 3.57% | 2.43% | 7.18% | 5.33% | 1.38% | 2.14% | 2.35% | 1.89% | 1.23% |
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 3.60% | 4.68% | 4.33% | 2.77% | 4.80% | 4.41% | 1.17% | 2.54% | 2.56% | 1.90% | 0.00% |
Drawdowns
RRPAX vs. BKIPX - Drawdown Comparison
The maximum RRPAX drawdown since its inception was -16.15%, which is greater than BKIPX's maximum drawdown of -6.42%. Use the drawdown chart below to compare losses from any high point for RRPAX and BKIPX.
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Drawdown Indicators
| RRPAX | BKIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -6.42% | -9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -1.12% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -6.48% | -6.42% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -6.48% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.51% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -1.08% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.39% | -0.01% |
Volatility
RRPAX vs. BKIPX - Volatility Comparison
SEI Institutional Investments Trust Real Return Fund (RRPAX) has a higher volatility of 0.70% compared to iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) at 0.66%. This indicates that RRPAX's price experiences larger fluctuations and is considered to be riskier than BKIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RRPAX | BKIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.66% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 1.27% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.31% | 2.51% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 3.08% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 2.62% | +0.07% |