SIDCX vs. SBDAX
SIDCX (SEI Institutional Investments Trust Intermediate Duration Credit Fund) and SBDAX (SEI Tax Exempt Trust California Municipal Bond Fund) are both mutual funds - SIDCX is a Corporate Bonds fund managed by SEI, while SBDAX is a Municipal Bonds fund managed by SEI. Over the past 10 years, SIDCX returned 1.88%/yr vs 0.99%/yr for SBDAX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. SIDCX charges 0.32%/yr vs 0.60%/yr for SBDAX.
Performance
SIDCX vs. SBDAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SIDCX achieves a -0.95% return, which is significantly higher than SBDAX's -1.18% return. Over the past 10 years, SIDCX has outperformed SBDAX with an annualized return of 1.88%, while SBDAX has yielded a comparatively lower 0.99% annualized return.
SIDCX
- 1D
- 0.12%
- 1M
- -1.70%
- 6M
- -1.23%
- YTD
- -0.95%
- 1Y
- 1.43%
- 3Y*
- 3.84%
- 5Y*
- -0.80%
- 10Y*
- 1.88%
- ALL TIME*
- 2.13%
SBDAX
- 1D
- -0.10%
- 1M
- -1.74%
- 6M
- -2.22%
- YTD
- -1.18%
- 1Y
- 2.37%
- 3Y*
- 2.34%
- 5Y*
- -0.05%
- 10Y*
- 0.99%
- ALL TIME*
- 2.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SIDCX vs. SBDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIDCX SEI Institutional Investments Trust Intermediate Duration Credit Fund | -0.95% | 7.40% | 1.92% | 6.58% | -15.78% | -1.66% | 10.68% | 12.43% | -1.61% | 5.66% |
SBDAX SEI Tax Exempt Trust California Municipal Bond Fund | -1.18% | 5.70% | 0.02% | 4.02% | -7.30% | -0.55% | 3.76% | 5.90% | 0.87% | 3.74% |
Correlation
The correlation between SIDCX and SBDAX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2015 | 0.52 |
The correlation between SIDCX and SBDAX shifts across timeframes, from 0.51 (10 years) to 0.63 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SIDCX vs. SBDAX — Risk / Return Rank
SIDCX
SBDAX
SIDCX vs. SBDAX - 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 SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX). 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 | SBDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.28 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.90 | -0.08 |
| Martin ratioReturn relative to average drawdown | 2.20 | 2.08 | +0.12 |
Loading charts...
Drawdowns
SIDCX vs. SBDAX - Drawdown Comparison
The maximum SIDCX drawdown since its inception was -21.47%, which is greater than SBDAX's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for SIDCX and SBDAX.
Loading charts...
Drawdown Indicators
| SIDCX | SBDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -11.86% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -3.40% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -5.31% | -4.09% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -11.86% | -9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -21.47% | -11.86% | -9.61% |
Current DrawdownCurrent decline from peak | -4.29% | -3.21% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -1.87% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.47% | -0.32% |
Volatility
SIDCX vs. SBDAX - Volatility Comparison
SEI Institutional Investments Trust Intermediate Duration Credit Fund (SIDCX) has a higher volatility of 1.09% compared to SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX) at 0.77%. This indicates that SIDCX's price experiences larger fluctuations and is considered to be riskier than SBDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SIDCX | SBDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.77% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 2.00% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 2.40% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.41% | 3.21% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.71% | 3.56% | +2.15% |
SIDCX vs. SBDAX - Expense Ratio Comparison
SIDCX has a 0.32% expense ratio, which is lower than SBDAX's 0.60% expense ratio.
Dividends
SIDCX vs. SBDAX - Dividend Comparison
SIDCX's dividend yield for the trailing twelve months is around 4.39%, more than SBDAX's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBDAX SEI Tax Exempt Trust California Municipal Bond Fund | 2.09% | 2.74% | 1.78% | 1.26% | 1.38% | 1.35% | 1.87% | 2.21% | 1.98% | 1.99% | 2.23% | 2.79% |
SIDCX SEI Institutional Investments Trust Intermediate Duration Credit Fund | 4.39% | 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
SIDCX and SBDAX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIDCX has higher volatility (1.09%) compared to SBDAX (0.77%). In terms of maximum drawdown, SIDCX dropped -21.47% vs SBDAX's -11.86%.
SBDAX currently has the higher Sharpe Ratio (1.27 vs 0.61), 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.
Find the right allocation for SIDCX and SBDAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer