SEFIX vs. SIEMX

Last updated Jun 23, 2026

SEFIX (SEI Institutional International Trust International Fixed Income Fund) and SIEMX (SEI Institutional International Trust Emerging Markets Equity Fund) are both mutual funds - SEFIX is a Global Bonds fund managed by SEI, while SIEMX is a Emerging Markets Diversified fund managed by SEI. Over the past 10 years, SEFIX returned 10.51%/yr vs 10.02%/yr for SIEMX. At a correlation of -0.01, they often move in opposite directions. SEFIX charges 1.02%/yr vs 1.71%/yr for SIEMX.

Performance

SEFIX vs. SIEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional International Trust International Fixed Income Fund (SEFIX) and SEI Institutional International Trust Emerging Markets Equity Fund (SIEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEFIX achieves a 0.34% return, which is significantly lower than SIEMX's 28.97% return. Both investments have delivered pretty close results over the past 10 years, with SEFIX having a 10.51% annualized return and SIEMX not far behind at 10.02%.

SEFIX

• 1D: -0.11%
• 1M: 1.01%
• YTD: 0.34%
• 6M: 0.76%
• 1Y: 1.10%
• 3Y*: 3.36%
• 5Y*: 19.45%
• 10Y*: 10.51%

SIEMX

• 1D: 2.53%
• 1M: 6.93%
• YTD: 28.97%
• 6M: 31.02%
• 1Y: 53.83%
• 3Y*: 22.14%
• 5Y*: 7.79%
• 10Y*: 10.02%

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

SEFIX vs. SIEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEFIX SEI Institutional International Trust International Fixed Income Fund	0.34%	2.79%	2.53%	7.13%	-9.22%	132.40%	2.95%	6.55%	1.93%	1.79%
SIEMX SEI Institutional International Trust Emerging Markets Equity Fund	28.97%	35.90%	4.31%	9.81%	-21.51%	-1.85%	17.03%	19.76%	-18.67%	37.28%

Correlation

The correlation between SEFIX and SIEMX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996	-0.01

The correlation between SEFIX and SIEMX shifts across timeframes, from -0.01 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SEFIX vs. SIEMX — Risk / Return Rank

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

SEFIX

SEFIX Risk / Return Rank: 5
SEFIX Sharpe Ratio Rank: 5
SEFIX Sortino Ratio Rank: 5
SEFIX Omega Ratio Rank: 5
SEFIX Calmar Ratio Rank: 5
SEFIX Martin Ratio Rank: 5

SIEMX

SIEMX Risk / Return Rank: 87
SIEMX Sharpe Ratio Rank: 93
SIEMX Sortino Ratio Rank: 81
SIEMX Omega Ratio Rank: 86
SIEMX Calmar Ratio Rank: 89
SIEMX Martin Ratio Rank: 88

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.

SEFIX vs. SIEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional International Trust International Fixed Income Fund (SEFIX) and SEI Institutional International Trust Emerging Markets Equity Fund (SIEMX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SEFIX	SIEMX	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.89	-2.56
Sortino ratio: Return per unit of downside risk	0.49	3.54	-3.05
Omega ratio: Gain probability vs. loss probability	1.08	1.55	-0.48
Calmar ratio: Return relative to maximum drawdown	0.40	4.16	-3.77
Martin ratio: Return relative to average drawdown	0.98	15.52	-14.54

SEFIX vs. SIEMX - Sharpe Ratio Comparison

The current SEFIX Sharpe Ratio is 0.33, which is lower than the SIEMX Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of SEFIX and SIEMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SEFIX vs. SIEMX - Drawdown Comparison

The maximum SEFIX drawdown since its inception was -19.16%, smaller than the maximum SIEMX drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for SEFIX and SIEMX.

Drawdown Indicators

	SEFIX	SIEMX	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-65.22%	+46.06%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-13.59%	+10.72%
Max Drawdown (3Y) Largest decline over 3 years	-2.87%	-16.41%	+13.54%
Max Drawdown (5Y) Largest decline over 5 years	-11.59%	-36.96%	+25.37%
Max Drawdown (10Y) Largest decline over 10 years	-11.59%	-40.76%	+29.17%
Current Drawdown Current decline from peak	-1.21%	-0.27%	-0.94%
Average Drawdown Average peak-to-trough decline	-4.38%	-21.42%	+17.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	3.58%	-2.44%

Volatility

SEFIX vs. SIEMX - Volatility Comparison

The current volatility for SEI Institutional International Trust International Fixed Income Fund (SEFIX) is 0.71%, while SEI Institutional International Trust Emerging Markets Equity Fund (SIEMX) has a volatility of 9.79%. This indicates that SEFIX experiences smaller price fluctuations and is considered to be less risky than SIEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEFIX	SIEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	9.79%	-9.08%
Volatility (6M) Calculated over the trailing 6-month period	2.26%	17.22%	-14.96%
Volatility (1Y) Calculated over the trailing 1-year period	3.46%	19.59%	-16.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.95%	17.11%	+44.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.70%	17.68%	+26.02%

SEFIX vs. SIEMX - Expense Ratio Comparison

SEFIX has a 1.02% expense ratio, which is lower than SIEMX's 1.71% expense ratio.

Dividends

SEFIX vs. SIEMX - Dividend Comparison

SEFIX's dividend yield for the trailing twelve months is around 2.78%, less than SIEMX's 3.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEFIX SEI Institutional International Trust International Fixed Income Fund	2.78%	2.78%	0.00%	0.00%	13.04%	60.90%	0.03%	3.33%	4.58%	0.00%	2.67%	6.00%
SIEMX SEI Institutional International Trust Emerging Markets Equity Fund	3.34%	4.30%	3.20%	1.58%	2.08%	9.55%	0.53%	1.09%	0.63%	1.26%	0.80%	0.81%

Frequently Asked Questions

Can I hold both SEFIX and SIEMX in my portfolio?

SEFIX and SIEMX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEFIX or SIEMX?

SIEMX has higher volatility (9.79%) compared to SEFIX (0.71%). In terms of maximum drawdown, SEFIX dropped -19.16% vs SIEMX's -65.22%.

Which has better risk-adjusted returns?

SIEMX currently has the higher Sharpe Ratio (2.89 vs 0.33), 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.