Correlation
The correlation between SGYAX and ^GSPC 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. ^GSPC
Compare and contrast key facts about SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) and S&P 500 (^GSPC).
SGYAX is managed by SEI. It was launched on Dec 5, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGYAX or ^GSPC.
Performance
SGYAX vs. ^GSPC - Performance Comparison
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Key characteristics
SGYAX:
2.36
^GSPC:
0.66
SGYAX:
3.60
^GSPC:
0.94
SGYAX:
1.58
^GSPC:
1.14
SGYAX:
2.28
^GSPC:
0.60
SGYAX:
9.58
^GSPC:
2.28
SGYAX:
1.00%
^GSPC:
5.01%
SGYAX:
4.20%
^GSPC:
19.77%
SGYAX:
-36.45%
^GSPC:
-56.78%
SGYAX:
-0.57%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, SGYAX achieves a 1.56% return, which is significantly higher than ^GSPC's 0.51% return. Over the past 10 years, SGYAX has underperformed ^GSPC with an annualized return of 5.50%, while ^GSPC has yielded a comparatively higher 10.85% annualized return.
SGYAX
1.56%
0.86%
1.67%
8.77%
6.54%
7.72%
5.50%
^GSPC
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
SGYAX vs. ^GSPC — Risk-Adjusted Performance Rank
SGYAX
^GSPC
SGYAX vs. ^GSPC - 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 S&P 500 (^GSPC). 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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Drawdowns
SGYAX vs. ^GSPC - Drawdown Comparison
The maximum SGYAX drawdown since its inception was -36.45%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SGYAX and ^GSPC.
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Volatility
SGYAX vs. ^GSPC - Volatility Comparison
The current volatility for SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) is 0.90%, while S&P 500 (^GSPC) has a volatility of 4.77%. This indicates that SGYAX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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