SETAX vs. SPHD
Compare and contrast key facts about SEI Institutional Managed Trust Real Estate Fund (SETAX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
SETAX is managed by BlackRock. It was launched on Nov 13, 2003. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Performance
SETAX vs. SPHD - Performance Comparison
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SETAX vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SETAX SEI Institutional Managed Trust Real Estate Fund | 1.64% | 1.90% | 10.63% | 15.75% | -25.85% | 44.05% | -3.51% | 25.14% | -5.87% | 5.17% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.64% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Returns By Period
In the year-to-date period, SETAX achieves a 1.64% return, which is significantly lower than SPHD's 4.64% return. Over the past 10 years, SETAX has underperformed SPHD with an annualized return of 5.56%, while SPHD has yielded a comparatively higher 7.24% annualized return.
SETAX
- 1D
- 0.41%
- 1M
- -7.19%
- YTD
- 1.64%
- 6M
- -0.20%
- 1Y
- 1.74%
- 3Y*
- 8.96%
- 5Y*
- 5.37%
- 10Y*
- 5.56%
SPHD
- 1D
- 0.55%
- 1M
- -4.99%
- YTD
- 4.64%
- 6M
- 2.81%
- 1Y
- 3.20%
- 3Y*
- 9.99%
- 5Y*
- 7.05%
- 10Y*
- 7.24%
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SETAX vs. SPHD - Expense Ratio Comparison
SETAX has a 1.14% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Return for Risk
SETAX vs. SPHD — Risk / Return Rank
SETAX
SPHD
SETAX vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Real Estate Fund (SETAX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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.
| SETAX | SPHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.17 | 0.22 | -0.05 |
Sortino ratioReturn per unit of downside risk | 0.35 | 0.41 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.22 | 0.38 | -0.17 |
Martin ratioReturn relative to average drawdown | 0.86 | 1.22 | -0.36 |
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
| SETAX | SPHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.22 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.50 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.41 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.59 | -0.31 |
Correlation
The correlation between SETAX and SPHD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SETAX vs. SPHD - Dividend Comparison
SETAX's dividend yield for the trailing twelve months is around 11.67%, more than SPHD's 4.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SETAX SEI Institutional Managed Trust Real Estate Fund | 11.67% | 11.86% | 5.19% | 2.10% | 5.36% | 6.86% | 6.34% | 8.59% | 17.07% | 8.65% | 13.65% | 5.99% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.31% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Drawdowns
SETAX vs. SPHD - Drawdown Comparison
The maximum SETAX drawdown since its inception was -75.06%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for SETAX and SPHD.
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Drawdown Indicators
| SETAX | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.06% | -41.39% | -33.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -11.33% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -32.26% | -19.50% | -12.76% |
Max Drawdown (10Y)Largest decline over 10 years | -41.32% | -41.39% | +0.07% |
Current DrawdownCurrent decline from peak | -7.42% | -5.14% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -14.04% | -4.70% | -9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.67% | -0.64% |
Volatility
SETAX vs. SPHD - Volatility Comparison
SEI Institutional Managed Trust Real Estate Fund (SETAX) has a higher volatility of 4.13% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.21%. This indicates that SETAX's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SETAX | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 3.21% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 7.91% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 14.51% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 14.20% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 17.65% | +3.47% |