SDLAX vs. LDRAX

Last updated Jun 5, 2026

SDLAX (SEI Institutional Investments Trust Dynamic Asset Allocation Fund) and LDRAX (SEI Institutional Investments Trust Long Duration Fund) are both mutual funds - SDLAX is a Large Cap Blend Equities fund managed by SEI, while LDRAX is a Long-Term Bond fund managed by SEI. Over the past 10 years, SDLAX returned 15.28%/yr vs 1.42%/yr for LDRAX. At a correlation of -0.15, they often move in opposite directions. SDLAX charges 0.67%/yr vs 0.14%/yr for LDRAX.

Performance

SDLAX vs. LDRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) 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, SDLAX achieves a 9.83% return, which is significantly higher than LDRAX's 0.25% return. Over the past 10 years, SDLAX has outperformed LDRAX with an annualized return of 15.28%, while LDRAX has yielded a comparatively lower 1.42% annualized return.

SDLAX

• 1D: -0.85%
• 1M: 3.86%
• YTD: 9.83%
• 6M: 9.63%
• 1Y: 27.42%
• 3Y*: 22.16%
• 5Y*: 13.71%
• 10Y*: 15.28%

LDRAX

• 1D: -0.34%
• 1M: 0.62%
• YTD: 0.25%
• 6M: -0.32%
• 1Y: 5.40%
• 3Y*: 2.40%
• 5Y*: -3.40%
• 10Y*: 1.42%

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

SDLAX vs. LDRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDLAX SEI Institutional Investments Trust Dynamic Asset Allocation Fund	9.83%	20.37%	24.23%	22.00%	-16.10%	31.43%	20.70%	27.68%	-7.77%	19.77%
LDRAX SEI Institutional Investments Trust Long Duration Fund	0.25%	6.81%	-3.28%	7.16%	-27.73%	-2.19%	18.23%	21.19%	-5.16%	11.74%

Correlation

The correlation between SDLAX and LDRAX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	-0.15

The correlation between SDLAX and LDRAX shifts across timeframes, from -0.15 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SDLAX vs. LDRAX — Risk / Return Rank

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

SDLAX

SDLAX Risk / Return Rank: 56
SDLAX Sharpe Ratio Rank: 54
SDLAX Sortino Ratio Rank: 51
SDLAX Omega Ratio Rank: 52
SDLAX Calmar Ratio Rank: 55
SDLAX Martin Ratio Rank: 68

LDRAX

LDRAX Risk / Return Rank: 12
LDRAX Sharpe Ratio Rank: 11
LDRAX Sortino Ratio Rank: 11
LDRAX Omega Ratio Rank: 10
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.

SDLAX vs. LDRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) 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.

	SDLAX	LDRAX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	0.84	+1.34
Sortino ratio: Return per unit of downside risk	3.00	1.25	+1.75
Omega ratio: Gain probability vs. loss probability	1.39	1.15	+0.25
Calmar ratio: Return relative to maximum drawdown	2.82	1.26	+1.56
Martin ratio: Return relative to average drawdown	13.05	3.15	+9.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDLAX vs. LDRAX - Sharpe Ratio Comparison

The current SDLAX Sharpe Ratio is 2.18, which is higher than the LDRAX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of SDLAX 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

	SDLAX	LDRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	0.84	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	-0.27	+0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.12	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.13	+0.56

Drawdowns

SDLAX vs. LDRAX - Drawdown Comparison

The maximum SDLAX drawdown since its inception was -35.25%, smaller than the maximum LDRAX drawdown of -37.23%. Use the drawdown chart below to compare losses from any high point for SDLAX and LDRAX.

Drawdown Indicators

	SDLAX	LDRAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.25%	-37.23%	+1.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-5.34%	-4.42%
Max Drawdown (3Y) Largest decline over 3 years	-35.25%	-14.49%	-20.76%
Max Drawdown (5Y) Largest decline over 5 years	-35.25%	-36.35%	+1.10%
Max Drawdown (10Y) Largest decline over 10 years	-35.25%	-37.23%	+1.98%
Current Drawdown Current decline from peak	-0.85%	-22.63%	+21.78%
Average Drawdown Average peak-to-trough decline	-5.73%	-12.40%	+6.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.13%	-0.03%

Volatility

SDLAX vs. LDRAX - Volatility Comparison

SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) has a higher volatility of 3.57% compared to SEI Institutional Investments Trust Long Duration Fund (LDRAX) at 2.57%. This indicates that SDLAX's price experiences larger fluctuations and is considered to be riskier than LDRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDLAX	LDRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	2.57%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	5.62%	+4.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	8.04%	+4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.04%	12.54%	+13.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.70%	11.39%	+11.31%

SDLAX vs. LDRAX - Expense Ratio Comparison

SDLAX has a 0.67% expense ratio, which is higher than LDRAX's 0.14% expense ratio.

Dividends

SDLAX vs. LDRAX - Dividend Comparison

SDLAX's dividend yield for the trailing twelve months is around 12.57%, more than LDRAX's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDRAX SEI Institutional Investments Trust Long Duration Fund	5.16%	5.04%	4.62%	3.42%	3.23%	4.30%	12.32%	8.60%	4.80%	4.46%	6.21%	9.23%
SDLAX SEI Institutional Investments Trust Dynamic Asset Allocation Fund	12.57%	13.81%	32.97%	12.32%	14.88%	17.50%	12.09%	12.85%	1.86%	3.79%	1.60%	6.89%

Frequently Asked Questions

Can I hold both SDLAX and LDRAX in my portfolio?

SDLAX and LDRAX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDLAX or LDRAX?

SDLAX has higher volatility (3.57%) compared to LDRAX (2.57%). In terms of maximum drawdown, SDLAX dropped -35.25% vs LDRAX's -37.23%.

Which has better risk-adjusted returns?

SDLAX currently has the higher Sharpe Ratio (2.18 vs 0.84), 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.