SIDCX vs. FIKOX

Last updated Jun 23, 2026

SIDCX (SEI Institutional Investments Trust Intermediate Duration Credit Fund) and FIKOX (Fidelity Advisor Corporate Bond Fund Class Z) are both Corporate Bonds funds. Over the past 5 years, SIDCX returned -0.21%/yr vs 0.16%/yr for FIKOX. With a 0.96 correlation, they move nearly in lockstep. SIDCX charges 0.32%/yr vs 0.36%/yr for FIKOX.

Performance

SIDCX vs. FIKOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Intermediate Duration Credit Fund (SIDCX) and Fidelity Advisor Corporate Bond Fund Class Z (FIKOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SIDCX having a 0.60% return and FIKOX slightly lower at 0.59%.

SIDCX

• 1D: 0.23%
• 1M: 0.98%
• YTD: 0.60%
• 6M: 1.00%
• 1Y: 5.25%
• 3Y*: 4.62%
• 5Y*: -0.21%
• 10Y*: 2.25%

FIKOX

• 1D: 0.19%
• 1M: 0.95%
• YTD: 0.59%
• 6M: 0.96%
• 1Y: 5.49%
• 3Y*: 5.56%
• 5Y*: 0.16%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SIDCX vs. FIKOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SIDCX SEI Institutional Investments Trust Intermediate Duration Credit Fund	0.60%	7.40%	1.92%	6.58%	-15.78%	-1.66%	10.68%	12.43%	1.26%
FIKOX Fidelity Advisor Corporate Bond Fund Class Z	0.59%	7.96%	2.83%	8.64%	-17.06%	-1.60%	10.91%	14.58%	0.53%

Correlation

The correlation between SIDCX and FIKOX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.96

The correlation between SIDCX and FIKOX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

SIDCX vs. FIKOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIDCX

SIDCX Risk / Return Rank: 22
SIDCX Sharpe Ratio Rank: 21
SIDCX Sortino Ratio Rank: 23
SIDCX Omega Ratio Rank: 20
SIDCX Calmar Ratio Rank: 24
SIDCX Martin Ratio Rank: 23

FIKOX

FIKOX Risk / Return Rank: 24
FIKOX Sharpe Ratio Rank: 24
FIKOX Sortino Ratio Rank: 25
FIKOX Omega Ratio Rank: 22
FIKOX Calmar Ratio Rank: 24
FIKOX Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIDCX vs. FIKOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Intermediate Duration Credit Fund (SIDCX) and Fidelity Advisor Corporate Bond Fund Class Z (FIKOX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SIDCX	FIKOX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.30	-0.06
Sortino ratio: Return per unit of downside risk	1.86	1.95	-0.08
Omega ratio: Gain probability vs. loss probability	1.22	1.23	-0.01
Calmar ratio: Return relative to maximum drawdown	1.71	1.71	0.00
Martin ratio: Return relative to average drawdown	5.21	5.44	-0.23

SIDCX vs. FIKOX - Sharpe Ratio Comparison

The current SIDCX Sharpe Ratio is 1.24, which is comparable to the FIKOX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of SIDCX and FIKOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIDCX vs. FIKOX - Drawdown Comparison

The maximum SIDCX drawdown since its inception was -21.47%, smaller than the maximum FIKOX drawdown of -23.22%. Use the drawdown chart below to compare losses from any high point for SIDCX and FIKOX.

Drawdown Indicators

	SIDCX	FIKOX	Difference
Max Drawdown Largest peak-to-trough decline	-21.47%	-23.22%	+1.75%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-3.22%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-6.38%	-6.56%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	-21.39%	-23.22%	+1.83%
Max Drawdown (10Y) Largest decline over 10 years	-21.47%	—	—
Current Drawdown Current decline from peak	-2.80%	-1.01%	-1.79%
Average Drawdown Average peak-to-trough decline	-5.21%	-6.62%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	1.01%	0.00%

Volatility

SIDCX vs. FIKOX - Volatility Comparison

SEI Institutional Investments Trust Intermediate Duration Credit Fund (SIDCX) and Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) have volatilities of 1.33% and 1.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIDCX	FIKOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	1.36%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.24%	3.18%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	4.27%	4.24%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.42%	6.70%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.71%	6.52%	-0.81%

SIDCX vs. FIKOX - Expense Ratio Comparison

SIDCX has a 0.32% expense ratio, which is lower than FIKOX's 0.36% expense ratio.

Dividends

SIDCX vs. FIKOX - Dividend Comparison

SIDCX's dividend yield for the trailing twelve months is around 4.70%, more than FIKOX's 4.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKOX Fidelity Advisor Corporate Bond Fund Class Z	4.33%	4.20%	4.05%	3.51%	2.62%	2.90%	3.47%	3.37%	0.98%	0.00%	0.00%	0.00%
SIDCX SEI Institutional Investments Trust Intermediate Duration Credit Fund	4.70%	4.61%	4.20%	2.99%	2.36%	3.57%	4.93%	3.07%	3.16%	2.77%	2.75%	1.89%

Frequently Asked Questions

Can I hold both SIDCX and FIKOX in my portfolio?

With a correlation of 0.96, SIDCX and FIKOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SIDCX or FIKOX?

FIKOX has higher volatility (1.36%) compared to SIDCX (1.33%). In terms of maximum drawdown, SIDCX dropped -21.47% vs FIKOX's -23.22%.

Which has better risk-adjusted returns?

FIKOX currently has the higher Sharpe Ratio (1.30 vs 1.24), 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.