SIOAX vs. SMIDX
Compare and contrast key facts about SEI Institutional Managed Trust Multi-Asset Income Fund (SIOAX) and SMI Dynamic Allocation Fund (SMIDX).
SIOAX is managed by BlackRock. It was launched on Apr 8, 2012. SMIDX is managed by SMI Funds. It was launched on Feb 27, 2013.
Performance
SIOAX vs. SMIDX - Performance Comparison
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SIOAX vs. SMIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIOAX SEI Institutional Managed Trust Multi-Asset Income Fund | 0.35% | 10.08% | 7.25% | 11.09% | -13.13% | 4.50% | 5.33% | 14.33% | -2.11% | 6.77% |
SMIDX SMI Dynamic Allocation Fund | -1.27% | 22.50% | 12.76% | 8.39% | -19.12% | 14.00% | 9.64% | 9.47% | -6.12% | 14.11% |
Returns By Period
In the year-to-date period, SIOAX achieves a 0.35% return, which is significantly higher than SMIDX's -1.27% return. Over the past 10 years, SIOAX has underperformed SMIDX with an annualized return of 5.05%, while SMIDX has yielded a comparatively higher 5.70% annualized return.
SIOAX
- 1D
- 0.10%
- 1M
- -2.20%
- YTD
- 0.35%
- 6M
- 2.26%
- 1Y
- 7.45%
- 3Y*
- 8.34%
- 5Y*
- 3.79%
- 10Y*
- 5.05%
SMIDX
- 1D
- -0.30%
- 1M
- -8.73%
- YTD
- -1.27%
- 6M
- 3.23%
- 1Y
- 18.80%
- 3Y*
- 11.75%
- 5Y*
- 6.12%
- 10Y*
- 5.70%
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SIOAX vs. SMIDX - Expense Ratio Comparison
SIOAX has a 0.80% expense ratio, which is lower than SMIDX's 1.19% expense ratio.
Return for Risk
SIOAX vs. SMIDX — Risk / Return Rank
SIOAX
SMIDX
SIOAX vs. SMIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Multi-Asset Income Fund (SIOAX) and SMI Dynamic Allocation Fund (SMIDX). 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.
| SIOAX | SMIDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.29 | 1.50 | +0.79 |
Sortino ratioReturn per unit of downside risk | 3.05 | 2.05 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.31 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.07 | +0.33 |
Martin ratioReturn relative to average drawdown | 11.01 | 8.71 | +2.30 |
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
| SIOAX | SMIDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.50 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.58 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | 0.57 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.52 | +0.54 |
Correlation
The correlation between SIOAX and SMIDX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SIOAX vs. SMIDX - Dividend Comparison
SIOAX's dividend yield for the trailing twelve months is around 4.92%, less than SMIDX's 11.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIOAX SEI Institutional Managed Trust Multi-Asset Income Fund | 4.92% | 5.37% | 6.08% | 6.49% | 6.11% | 3.87% | 3.05% | 4.43% | 3.29% | 4.31% | 4.27% | 6.30% |
SMIDX SMI Dynamic Allocation Fund | 11.98% | 11.83% | 6.43% | 0.19% | 0.00% | 7.91% | 5.32% | 1.22% | 1.53% | 0.92% | 0.25% | 1.27% |
Drawdowns
SIOAX vs. SMIDX - Drawdown Comparison
The maximum SIOAX drawdown since its inception was -22.10%, roughly equal to the maximum SMIDX drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for SIOAX and SMIDX.
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Drawdown Indicators
| SIOAX | SMIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.10% | -21.99% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -8.73% | +5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -21.99% | +4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -22.10% | -21.99% | -0.11% |
Current DrawdownCurrent decline from peak | -2.25% | -8.73% | +6.48% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -6.39% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.07% | -1.38% |
Volatility
SIOAX vs. SMIDX - Volatility Comparison
The current volatility for SEI Institutional Managed Trust Multi-Asset Income Fund (SIOAX) is 1.09%, while SMI Dynamic Allocation Fund (SMIDX) has a volatility of 4.98%. This indicates that SIOAX experiences smaller price fluctuations and is considered to be less risky than SMIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIOAX | SMIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 4.98% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 9.81% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 12.84% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 10.58% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 10.05% | -4.99% |