SHYAX vs. RSP
Compare and contrast key facts about SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) and Invesco S&P 500 Equal Weight ETF (RSP).
SHYAX is managed by BlackRock. It was launched on Jan 11, 1995. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003.
Performance
SHYAX vs. RSP - Performance Comparison
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SHYAX vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYAX SEI Institutional Managed Trust High Yield Bond Fund | -1.84% | 7.59% | 7.60% | 10.70% | -13.31% | 9.07% | 5.36% | 13.32% | -2.55% | 7.67% |
RSP Invesco S&P 500 Equal Weight ETF | 0.62% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Returns By Period
In the year-to-date period, SHYAX achieves a -1.84% return, which is significantly lower than RSP's 0.62% return. Over the past 10 years, SHYAX has underperformed RSP with an annualized return of 5.54%, while RSP has yielded a comparatively higher 11.17% annualized return.
SHYAX
- 1D
- 0.19%
- 1M
- -2.47%
- YTD
- -1.84%
- 6M
- -0.82%
- 1Y
- 4.87%
- 3Y*
- 6.85%
- 5Y*
- 2.92%
- 10Y*
- 5.54%
RSP
- 1D
- 2.05%
- 1M
- -5.97%
- YTD
- 0.62%
- 6M
- 2.01%
- 1Y
- 12.65%
- 3Y*
- 11.72%
- 5Y*
- 7.81%
- 10Y*
- 11.17%
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SHYAX vs. RSP - Expense Ratio Comparison
SHYAX has a 0.89% expense ratio, which is higher than RSP's 0.20% expense ratio.
Return for Risk
SHYAX vs. RSP — Risk / Return Rank
SHYAX
RSP
SHYAX vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) and Invesco S&P 500 Equal Weight ETF (RSP). 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.
| SHYAX | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 0.74 | +0.56 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.15 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.08 | +0.41 |
Martin ratioReturn relative to average drawdown | 5.70 | 4.89 | +0.82 |
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
| SHYAX | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.74 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.48 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 0.61 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.55 | +0.69 |
Correlation
The correlation between SHYAX and RSP is 0.35, 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.
Dividends
SHYAX vs. RSP - Dividend Comparison
SHYAX's dividend yield for the trailing twelve months is around 8.10%, more than RSP's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYAX SEI Institutional Managed Trust High Yield Bond Fund | 8.10% | 8.69% | 7.48% | 10.58% | 12.96% | 5.19% | 7.50% | 6.05% | 7.51% | 6.90% | 7.06% | 7.34% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
SHYAX vs. RSP - Drawdown Comparison
The maximum SHYAX drawdown since its inception was -38.15%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for SHYAX and RSP.
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Drawdown Indicators
| SHYAX | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -59.92% | +21.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -12.54% | +9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -21.38% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -22.12% | -39.04% | +16.92% |
Current DrawdownCurrent decline from peak | -2.65% | -5.97% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -6.69% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 2.78% | -1.94% |
Volatility
SHYAX vs. RSP - Volatility Comparison
The current volatility for SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) is 1.35%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 4.47%. This indicates that SHYAX experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYAX | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 4.47% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 8.83% | -6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 17.17% | -13.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 16.20% | -11.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 18.36% | -13.02% |