SAAAX vs. WFSPX
SAAAX (SEI Institutional Managed Trust Multi-Asset Accumulation Fund) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - SAAAX is a Tactical Allocation fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SAAAX returned 4.51%/yr vs 15.54%/yr for WFSPX. A 0.59 correlation means they provide meaningful diversification when combined. SAAAX charges 1.17%/yr vs 0.03%/yr for WFSPX.
Performance
SAAAX vs. WFSPX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SAAAX having a 11.79% return and WFSPX slightly lower at 11.69%. Over the past 10 years, SAAAX has underperformed WFSPX with an annualized return of 4.51%, while WFSPX has yielded a comparatively higher 15.54% annualized return.
SAAAX
- 1D
- 0.47%
- 1M
- 2.37%
- YTD
- 11.79%
- 6M
- 11.05%
- 1Y
- 23.39%
- 3Y*
- 10.25%
- 5Y*
- 1.65%
- 10Y*
- 4.51%
WFSPX
- 1D
- 0.13%
- 1M
- 5.80%
- YTD
- 11.69%
- 6M
- 11.72%
- 1Y
- 28.93%
- 3Y*
- 22.71%
- 5Y*
- 14.24%
- 10Y*
- 15.54%
SAAAX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAAAX SEI Institutional Managed Trust Multi-Asset Accumulation Fund | 11.79% | 12.09% | 3.65% | 6.58% | -20.83% | 3.18% | 6.69% | 22.11% | -7.45% | 13.09% |
WFSPX iShares S&P 500 Index Fund | 11.69% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between SAAAX and WFSPX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013 | 0.59 |
The correlation between SAAAX and WFSPX has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
SAAAX vs. WFSPX — Risk / Return Rank
SAAAX
WFSPX
SAAAX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Multi-Asset Accumulation Fund (SAAAX) and iShares S&P 500 Index Fund (WFSPX). 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.
| SAAAX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.46 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 3.35 | -0.01 |
| Martin ratioReturn relative to average drawdown | 13.89 | 15.65 | -1.77 |
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
| SAAAX | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 2.52 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.85 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.87 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.13 | +0.35 |
Drawdowns
SAAAX vs. WFSPX - Drawdown Comparison
The maximum SAAAX drawdown since its inception was -29.23%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for SAAAX and WFSPX.
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Drawdown Indicators
| SAAAX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.23% | -58.21% | +28.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -8.90% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -10.60% | -18.74% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -24.51% | -4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -29.23% | -33.74% | +4.51% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -12.77% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.90% | -0.19% |
Volatility
SAAAX vs. WFSPX - Volatility Comparison
SEI Institutional Managed Trust Multi-Asset Accumulation Fund (SAAAX) and iShares S&P 500 Index Fund (WFSPX) have volatilities of 2.82% and 2.82%, 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.
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Volatility by Period
| SAAAX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 2.82% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 8.97% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.99% | 11.85% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.87% | 16.88% | -7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.01% | 18.02% | -9.01% |
SAAAX vs. WFSPX - Expense Ratio Comparison
SAAAX has a 1.17% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
SAAAX vs. WFSPX - Dividend Comparison
SAAAX's dividend yield for the trailing twelve months is around 2.66%, more than WFSPX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAAAX SEI Institutional Managed Trust Multi-Asset Accumulation Fund | 2.66% | 2.97% | 2.21% | 2.00% | 10.43% | 8.24% | 5.25% | 12.81% | 3.30% | 4.96% | 7.41% | 2.95% |
WFSPX iShares S&P 500 Index Fund | 1.56% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
SAAAX and WFSPX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFSPX has higher volatility (2.82%) compared to SAAAX (2.82%). In terms of maximum drawdown, SAAAX dropped -29.23% vs WFSPX's -58.21%.
SAAAX currently has the higher Sharpe Ratio (2.65 vs 2.52), 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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