SEHAX vs. AFNIX

Last updated Jun 4, 2026

SEHAX (SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund) and AFNIX (AAM/Bahl & Gaynor Income Growth Fund Class I) are both Large Cap Blend Equities funds. Their correlation of 0.87 suggests significant overlap in exposure. SEHAX charges 0.32%/yr vs 0.83%/yr for AFNIX.

Performance

SEHAX vs. AFNIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund (SEHAX) and AAM/Bahl & Gaynor Income Growth Fund Class I (AFNIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SEHAX

• 1D: 0.11%
• 1M: 6.81%
• YTD: 13.11%
• 6M: 14.44%
• 1Y: 29.33%
• 3Y*: 23.24%
• 5Y*: 13.76%
• 10Y*: —

AFNIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEHAX vs. AFNIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SEHAX SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund	13.11%	17.99%	24.97%	21.99%	-15.84%	32.78%	13.16%	28.09%	-5.81%
AFNIX AAM/Bahl & Gaynor Income Growth Fund Class I	1.74%	11.36%	16.23%	6.59%	-8.77%	25.23%	6.60%	25.71%	-0.09%

Correlation

The correlation between SEHAX and AFNIX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018	0.87

Over the past year, the correlation between SEHAX and AFNIX has dropped to 0.64 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

Return for Risk

SEHAX vs. AFNIX — Risk / Return Rank

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

SEHAX

SEHAX Risk / Return Rank: 80
SEHAX Sharpe Ratio Rank: 81
SEHAX Sortino Ratio Rank: 75
SEHAX Omega Ratio Rank: 70
SEHAX Calmar Ratio Rank: 83
SEHAX Martin Ratio Rank: 90

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.

SEHAX vs. AFNIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund (SEHAX) and AAM/Bahl & Gaynor Income Growth Fund Class I (AFNIX). 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.

	SEHAX	AFNIX	Difference
Sharpe ratio Return per unit of total volatility	2.63	—	—
Sortino ratio Return per unit of downside risk	3.65	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	3.92	—	—
Martin ratio Return relative to average drawdown	18.14	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SEHAX	AFNIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	—	—

Drawdowns

Drawdown Indicators

	SEHAX	AFNIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.77%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.77%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-9.03%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	—	—

Volatility

Volatility by Period

	SEHAX	AFNIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.74%	—	—

SEHAX vs. AFNIX - Expense Ratio Comparison

SEHAX has a 0.32% expense ratio, which is lower than AFNIX's 0.83% expense ratio.

Dividends

SEHAX vs. AFNIX - Dividend Comparison

SEHAX's dividend yield for the trailing twelve months is around 4.91%, less than AFNIX's 31.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFNIX AAM/Bahl & Gaynor Income Growth Fund Class I	31.18%	14.13%	6.88%	3.43%	4.61%	1.78%	1.75%	2.13%	2.04%	1.72%	1.79%	2.66%
SEHAX SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund	4.91%	5.52%	7.85%	1.15%	12.75%	23.76%	1.69%	1.97%	1.24%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEHAX and AFNIX in my portfolio?

SEHAX and AFNIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.