RRPAX vs. FSPWX
Compare and contrast key facts about SEI Institutional Investments Trust Real Return Fund (RRPAX) and Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX).
RRPAX is managed by SEI. It was launched on Dec 13, 2006. FSPWX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg U.S. Treasury Inflation Protected Securities Index. It was launched on Aug 16, 2024.
Performance
RRPAX vs. FSPWX - Performance Comparison
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RRPAX vs. FSPWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RRPAX SEI Institutional Investments Trust Real Return Fund | 0.86% | 6.53% | 0.91% |
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 0.50% | 6.76% | -1.32% |
Returns By Period
In the year-to-date period, RRPAX achieves a 0.86% return, which is significantly higher than FSPWX's 0.50% return.
RRPAX
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- 0.86%
- 6M
- 0.95%
- 1Y
- 3.81%
- 3Y*
- 4.34%
- 5Y*
- 3.04%
- 10Y*
- 2.90%
FSPWX
- 1D
- 0.00%
- 1M
- -1.08%
- YTD
- 0.50%
- 6M
- 0.21%
- 1Y
- 2.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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RRPAX vs. FSPWX - Expense Ratio Comparison
RRPAX has a 0.02% expense ratio, which is lower than FSPWX's 0.05% 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. FSPWX — Risk / Return Rank
RRPAX
FSPWX
RRPAX vs. FSPWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Real Return Fund (RRPAX) and Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX). 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 | FSPWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 0.74 | +0.92 |
Sortino ratioReturn per unit of downside risk | 2.50 | 1.04 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.14 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.99 | 1.38 | +1.61 |
Martin ratioReturn relative to average drawdown | 10.50 | 4.26 | +6.24 |
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 | FSPWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 0.74 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | — | — |
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 | 0.88 | -0.38 |
Correlation
The correlation between RRPAX and FSPWX is 0.78, 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. FSPWX - Dividend Comparison
RRPAX's dividend yield for the trailing twelve months is around 4.60%, more than FSPWX's 4.17% 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% |
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 4.17% | 4.19% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RRPAX vs. FSPWX - Drawdown Comparison
The maximum RRPAX drawdown since its inception was -16.15%, which is greater than FSPWX's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for RRPAX and FSPWX.
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Drawdown Indicators
| RRPAX | FSPWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -3.84% | -12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -2.91% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -6.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.48% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -1.27% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -1.04% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.94% | -0.56% |
Volatility
RRPAX vs. FSPWX - Volatility Comparison
The current volatility for SEI Institutional Investments Trust Real Return Fund (RRPAX) is 0.70%, while Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX) has a volatility of 1.43%. This indicates that RRPAX experiences smaller price fluctuations and is considered to be less risky than FSPWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RRPAX | FSPWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.43% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 2.29% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.30% | 4.09% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 4.16% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 4.16% | -1.47% |