SDLAX vs. TIBAX
SDLAX (SEI Institutional Investments Trust Dynamic Asset Allocation Fund) and TIBAX (Thornburg Investment Income Builder Fund) are both mutual funds - SDLAX is a Large Cap Blend Equities fund managed by SEI, while TIBAX is a Global Allocation fund managed by Thornburg. Over the past 10 years, SDLAX returned 15.28%/yr vs 12.40%/yr for TIBAX. A 0.74 correlation means they provide meaningful diversification when combined. SDLAX charges 0.67%/yr vs 1.14%/yr for TIBAX.
Performance
SDLAX vs. TIBAX - Performance Comparison
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Returns By Period
In the year-to-date period, SDLAX achieves a 9.83% return, which is significantly lower than TIBAX's 17.67% return. Over the past 10 years, SDLAX has outperformed TIBAX with an annualized return of 15.28%, while TIBAX has yielded a comparatively lower 12.40% 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%
TIBAX
- 1D
- -0.21%
- 1M
- 2.31%
- YTD
- 17.67%
- 6M
- 20.83%
- 1Y
- 38.85%
- 3Y*
- 26.43%
- 5Y*
- 16.07%
- 10Y*
- 12.40%
SDLAX vs. TIBAX - 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% |
TIBAX Thornburg Investment Income Builder Fund | 17.67% | 36.62% | 13.23% | 18.01% | -7.95% | 20.08% | -0.67% | 17.72% | -4.54% | 14.83% |
Correlation
The correlation between SDLAX and TIBAX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | 0.74 |
Over the past year, the correlation between SDLAX and TIBAX has dropped to 0.54 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
SDLAX vs. TIBAX — Risk / Return Rank
SDLAX
TIBAX
SDLAX vs. TIBAX - 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 Thornburg Investment Income Builder Fund (TIBAX). 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 | TIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.94 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 7.25 | -4.44 |
| Martin ratioReturn relative to average drawdown | 13.05 | 28.29 | -15.23 |
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 | TIBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 4.68 | -2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.45 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.92 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.79 | -0.10 |
Drawdowns
SDLAX vs. TIBAX - Drawdown Comparison
The maximum SDLAX drawdown since its inception was -35.25%, smaller than the maximum TIBAX drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for SDLAX and TIBAX.
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Drawdown Indicators
| SDLAX | TIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.25% | -49.12% | +13.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.76% | -5.43% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -35.25% | -9.20% | -26.05% |
Max Drawdown (5Y)Largest decline over 5 years | -35.25% | -20.94% | -14.31% |
Max Drawdown (10Y)Largest decline over 10 years | -35.25% | -34.85% | -0.40% |
Current DrawdownCurrent decline from peak | -0.85% | -0.21% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -5.99% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.39% | +0.71% |
Volatility
SDLAX vs. TIBAX - Volatility Comparison
SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) has a higher volatility of 3.57% compared to Thornburg Investment Income Builder Fund (TIBAX) at 3.08%. This indicates that SDLAX's price experiences larger fluctuations and is considered to be riskier than TIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDLAX | TIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.08% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 6.93% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.63% | 8.41% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.04% | 11.12% | +14.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.70% | 13.46% | +9.24% |
SDLAX vs. TIBAX - Expense Ratio Comparison
SDLAX has a 0.67% expense ratio, which is lower than TIBAX's 1.14% expense ratio.
Dividends
SDLAX vs. TIBAX - Dividend Comparison
SDLAX's dividend yield for the trailing twelve months is around 12.57%, more than TIBAX's 4.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIBAX Thornburg Investment Income Builder Fund | 4.86% | 5.64% | 5.44% | 4.67% | 5.62% | 5.10% | 4.11% | 4.23% | 4.49% | 4.22% | 3.83% | 4.31% |
Frequently Asked Questions
SDLAX and TIBAX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDLAX has higher volatility (3.57%) compared to TIBAX (3.08%). In terms of maximum drawdown, SDLAX dropped -35.25% vs TIBAX's -49.12%.
TIBAX currently has the higher Sharpe Ratio (4.68 vs 2.18), 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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