SDLAX vs. SPY
Compare and contrast key facts about SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) and State Street SPDR S&P 500 ETF (SPY).
SDLAX is managed by SEI. It was launched on Jul 30, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SDLAX vs. SPY - Performance Comparison
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SDLAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDLAX SEI Institutional Investments Trust Dynamic Asset Allocation Fund | -5.23% | 20.37% | 24.23% | 22.00% | -16.10% | 31.43% | 20.70% | 27.68% | -7.77% | 19.77% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SDLAX achieves a -5.23% return, which is significantly lower than SPY's -3.65% return. Both investments have delivered pretty close results over the past 10 years, with SDLAX having a 13.80% annualized return and SPY not far ahead at 14.06%.
SDLAX
- 1D
- 3.13%
- 1M
- -5.77%
- YTD
- -5.23%
- 6M
- -2.73%
- 1Y
- 17.58%
- 3Y*
- 17.60%
- 5Y*
- 11.86%
- 10Y*
- 13.80%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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SDLAX vs. SPY - Expense Ratio Comparison
SDLAX has a 0.67% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SDLAX vs. SPY — Risk / Return Rank
SDLAX
SPY
SDLAX vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.96 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.49 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.53 | -0.06 |
Martin ratioReturn relative to average drawdown | 6.80 | 7.27 | -0.47 |
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
| SDLAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.96 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.70 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.79 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.56 | +0.08 |
Correlation
The correlation between SDLAX and SPY is 0.96, 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
SDLAX vs. SPY - Dividend Comparison
SDLAX's dividend yield for the trailing twelve months is around 14.57%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDLAX SEI Institutional Investments Trust Dynamic Asset Allocation Fund | 14.57% | 13.81% | 32.97% | 12.32% | 14.88% | 17.50% | 12.09% | 12.85% | 1.86% | 3.79% | 1.60% | 6.89% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SDLAX vs. SPY - Drawdown Comparison
The maximum SDLAX drawdown since its inception was -35.25%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SDLAX and SPY.
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Drawdown Indicators
| SDLAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.25% | -55.19% | +19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -12.05% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -35.25% | -24.50% | -10.75% |
Max Drawdown (10Y)Largest decline over 10 years | -35.25% | -33.72% | -1.53% |
Current DrawdownCurrent decline from peak | -13.70% | -5.53% | -8.17% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -9.09% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.54% | +0.14% |
Volatility
SDLAX vs. SPY - Volatility Comparison
SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) has a higher volatility of 6.07% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that SDLAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDLAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.35% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 9.50% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 19.06% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.02% | 17.06% | +8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.68% | 17.92% | +4.76% |