Correlation
The correlation between SGYAX and SPLG is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SGYAX vs. SPLG
Compare and contrast key facts about SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) and SPDR Portfolio S&P 500 ETF (SPLG).
SGYAX is managed by SEI. It was launched on Dec 5, 2005. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGYAX or SPLG.
Performance
SGYAX vs. SPLG - Performance Comparison
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Key characteristics
SGYAX:
2.36
SPLG:
0.73
SGYAX:
3.60
SPLG:
1.04
SGYAX:
1.58
SPLG:
1.15
SGYAX:
2.28
SPLG:
0.68
SGYAX:
9.58
SPLG:
2.58
SGYAX:
1.00%
SPLG:
4.93%
SGYAX:
4.20%
SPLG:
19.61%
SGYAX:
-36.45%
SPLG:
-54.52%
SGYAX:
-0.57%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, SGYAX achieves a 1.56% return, which is significantly higher than SPLG's 0.89% return. Over the past 10 years, SGYAX has underperformed SPLG with an annualized return of 5.50%, while SPLG has yielded a comparatively higher 12.72% annualized return.
SGYAX
1.56%
0.72%
1.67%
9.87%
6.54%
7.72%
5.50%
SPLG
0.89%
6.33%
-1.55%
14.28%
14.31%
15.91%
12.72%
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SGYAX vs. SPLG - Expense Ratio Comparison
SGYAX has a 0.56% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
SGYAX vs. SPLG — Risk-Adjusted Performance Rank
SGYAX
SPLG
SGYAX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
SGYAX vs. SPLG - Dividend Comparison
SGYAX's dividend yield for the trailing twelve months is around 9.05%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGYAX SEI Institutional Investments Trust High Yield Bond Fund | 9.05% | 9.40% | 12.65% | 11.11% | 5.84% | 7.30% | 7.16% | 7.37% | 7.27% | 7.30% | 7.74% | 5.99% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
SGYAX vs. SPLG - Drawdown Comparison
The maximum SGYAX drawdown since its inception was -36.45%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for SGYAX and SPLG.
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Volatility
SGYAX vs. SPLG - Volatility Comparison
The current volatility for SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) is 0.90%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.80%. This indicates that SGYAX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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