SEHAX vs. ENIAX

Last updated Aug 4, 2026

SEHAX (SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund) and ENIAX (SEI Institutional Investments Trust Opportunistic Income Fund) are both mutual funds - SEHAX is a Large Cap Blend Equities fund managed by SEI, while ENIAX is a Ultrashort Bond fund managed by SEI. Over the past 5 years, SEHAX returned 13.19%/yr vs 4.80%/yr for ENIAX. Their 0.18 correlation means their historical movements had little consistent relationship. SEHAX charges 0.32%/yr vs 0.23%/yr for ENIAX.

Performance

SEHAX vs. ENIAX - 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 SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEHAX achieves a 13.78% return, which is significantly higher than ENIAX's 2.27% return.

SEHAX

• 1D: 0.44%
• 1M: 2.22%
• 6M: 10.42%
• YTD: 13.78%
• 1Y: 25.99%
• 3Y*: 20.78%
• 5Y*: 13.19%
• 10Y*: —
• ALL TIME*: 14.77%

ENIAX

• 1D: 0.00%
• 1M: 0.36%
• 6M: 2.01%
• YTD: 2.27%
• 1Y: 4.66%
• 3Y*: 6.32%
• 5Y*: 4.80%
• 10Y*: 4.18%
• ALL TIME*: 1.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund	$0.00	$0.00	$0.00
SEHAX SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund	$0.00	$0.00	$0.00

SEHAX vs. ENIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SEHAX SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund	13.78%	17.99%	24.97%	21.99%	-15.84%	32.78%	13.16%	28.09%	-5.81%
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund	2.27%	6.14%	8.34%	7.94%	-1.16%	2.67%	2.47%	5.82%	0.77%

Correlation

The correlation between SEHAX and ENIAX is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (5Y) Shows whether the relationship held over a longer period.	0.19
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018	0.18

Return for Risk

SEHAX vs. ENIAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SEHAX

SEHAX Risk / Return Rank: 83
SEHAX Sharpe Ratio Rank: 82
SEHAX Sortino Ratio Rank: 79
SEHAX Omega Ratio Rank: 77
SEHAX Calmar Ratio Rank: 86
SEHAX Martin Ratio Rank: 91

ENIAX

ENIAX Risk / Return Rank: 100
ENIAX Sharpe Ratio Rank: 100
ENIAX Sortino Ratio Rank: 100
ENIAX Omega Ratio Rank: 100
ENIAX Calmar Ratio Rank: 99
ENIAX Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SEHAX vs. ENIAX - 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 SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX). 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.

	SEHAX	ENIAX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	5.17	-3.15
Sortino ratio: Return per unit of downside risk	2.79	10.86	-8.07
Omega ratio: Gain probability vs. loss probability	1.36	4.13	-2.77
Calmar ratio: Return relative to maximum drawdown	3.13	12.85	-9.72
Martin ratio: Return relative to average drawdown	13.54	79.51	-65.98

SEHAX vs. ENIAX - Sharpe Ratio Comparison

The current SEHAX Sharpe Ratio is 2.02, which is lower than the ENIAX Sharpe Ratio of 5.17. The chart below compares the historical Sharpe Ratios of SEHAX and ENIAX, 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

SEHAX vs. ENIAX - Drawdown Comparison

The maximum SEHAX drawdown since its inception was -35.77%, which is greater than ENIAX's maximum drawdown of -33.30%. Use the drawdown chart below to compare losses from any high point for SEHAX and ENIAX.

Drawdown Indicators

	SEHAX	ENIAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.77%	-33.30%	-2.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-0.37%	-7.37%
Max Drawdown (3Y) Largest decline over 3 years	-17.69%	-2.11%	-15.58%
Max Drawdown (5Y) Largest decline over 5 years	-35.77%	-3.52%	-32.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-13.45%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.88%	-7.72%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	0.06%	+1.73%

Volatility

SEHAX vs. ENIAX - Volatility Comparison

SEI Institutional Investments Trust U.S. Equity Factor Allocation Fund (SEHAX) has a higher volatility of 2.83% compared to SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) at 0.22%. This indicates that SEHAX's price experiences larger fluctuations and is considered to be riskier than ENIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEHAX	ENIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	0.22%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	0.69%	+8.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	0.93%	+11.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	2.86%	+18.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.59%	2.78%	+18.81%

SEHAX vs. ENIAX - Expense Ratio Comparison

SEHAX has a 0.32% expense ratio, which is higher than ENIAX's 0.23% expense ratio.

Dividends

SEHAX vs. ENIAX - Dividend Comparison

SEHAX's dividend yield for the trailing twelve months is around 4.91%, less than ENIAX's 6.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund	6.13%	6.00%	6.78%	5.33%	4.07%	2.66%	2.96%	4.32%	3.96%	3.02%	2.75%	2.54%
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 ENIAX in my portfolio?

SEHAX and ENIAX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEHAX or ENIAX?

SEHAX has higher volatility (2.83%) compared to ENIAX (0.22%). In terms of maximum drawdown, SEHAX dropped -35.77% vs ENIAX's -33.30%.

Which has better risk-adjusted returns?

ENIAX currently has the higher Sharpe Ratio (5.17 vs 2.02), 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.