SEIAX vs. SPINX
SEIAX (SEI Multi-Asset Real Return Fund Class A) and SPINX (SEI Institutional Investments Trust S&P 500 Index Fund) are both mutual funds - SEIAX is a Inflation-Protected Bonds fund managed by SEI, while SPINX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SEIAX returned 4.26%/yr vs 15.51%/yr for SPINX. At a 0.24 correlation, their price movements are largely independent. SEIAX charges 0.21%/yr vs 0.12%/yr for SPINX.
Performance
SEIAX vs. SPINX - Performance Comparison
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Returns By Period
In the year-to-date period, SEIAX achieves a 8.10% return, which is significantly lower than SPINX's 11.70% return. Over the past 10 years, SEIAX has underperformed SPINX with an annualized return of 4.26%, while SPINX has yielded a comparatively higher 15.51% annualized return.
SEIAX
- 1D
- 0.12%
- 1M
- -1.48%
- YTD
- 8.10%
- 6M
- 7.92%
- 1Y
- 12.80%
- 3Y*
- 8.07%
- 5Y*
- 6.47%
- 10Y*
- 4.26%
SPINX
- 1D
- 0.17%
- 1M
- 5.83%
- YTD
- 11.70%
- 6M
- 11.84%
- 1Y
- 29.05%
- 3Y*
- 22.43%
- 5Y*
- 14.04%
- 10Y*
- 15.51%
SEIAX vs. SPINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEIAX SEI Multi-Asset Real Return Fund Class A | 8.10% | 8.50% | 4.74% | -1.01% | 9.20% | 11.41% | -0.51% | 6.33% | -2.93% | -1.12% |
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | 11.70% | 17.89% | 24.02% | 26.24% | -18.27% | 28.62% | 18.35% | 31.42% | -4.46% | 21.74% |
Correlation
The correlation between SEIAX and SPINX is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2013 | 0.24 |
The correlation between SEIAX and SPINX shifts across timeframes, from -0.25 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEIAX vs. SPINX — Risk / Return Rank
SEIAX
SPINX
SEIAX vs. SPINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Multi-Asset Real Return Fund Class A (SEIAX) and SEI Institutional Investments Trust S&P 500 Index Fund (SPINX). 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.
| SEIAX | SPINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.46 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.52 | 3.36 | +2.16 |
| Martin ratioReturn relative to average drawdown | 18.48 | 15.72 | +2.76 |
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
| SEIAX | SPINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.53 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | 0.63 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.74 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.72 | -0.26 |
Drawdowns
SEIAX vs. SPINX - Drawdown Comparison
The maximum SEIAX drawdown since its inception was -20.97%, smaller than the maximum SPINX drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for SEIAX and SPINX.
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Drawdown Indicators
| SEIAX | SPINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.97% | -33.82% | +12.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -8.92% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -32.91% | +29.60% |
Max Drawdown (5Y)Largest decline over 5 years | -7.67% | -32.91% | +25.24% |
Max Drawdown (10Y)Largest decline over 10 years | -13.20% | -33.82% | +20.62% |
Current DrawdownCurrent decline from peak | -1.84% | 0.00% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -5.21% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.90% | -1.21% |
Volatility
SEIAX vs. SPINX - Volatility Comparison
The current volatility for SEI Multi-Asset Real Return Fund Class A (SEIAX) is 2.06%, while SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) has a volatility of 2.83%. This indicates that SEIAX experiences smaller price fluctuations and is considered to be less risky than SPINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEIAX | SPINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 2.83% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 8.97% | -4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 11.86% | -6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 22.49% | -16.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 20.95% | -15.72% |
SEIAX vs. SPINX - Expense Ratio Comparison
SEIAX has a 0.21% expense ratio, which is higher than SPINX's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SEIAX vs. SPINX - Dividend Comparison
SEIAX's dividend yield for the trailing twelve months is around 2.72%, less than SPINX's 10.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEIAX SEI Multi-Asset Real Return Fund Class A | 2.72% | 2.94% | 5.16% | 3.77% | 13.78% | 10.42% | 2.34% | 2.13% | 3.63% | 1.57% | 1.73% | 1.01% |
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | 10.67% | 11.90% | 26.02% | 9.77% | 9.59% | 6.58% | 3.58% | 3.01% | 4.94% | 2.32% | 1.97% | 2.29% |
Frequently Asked Questions
SEIAX and SPINX have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPINX has higher volatility (2.83%) compared to SEIAX (2.06%). In terms of maximum drawdown, SEIAX dropped -20.97% vs SPINX's -33.82%.
SPINX currently has the higher Sharpe Ratio (2.53 vs 2.42), 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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