SKTAX vs. LDRAX

Last updated Jun 5, 2026

SKTAX (SEI Asset Allocation Trust Core Market Strategy Allocation Fund) and LDRAX (SEI Institutional Investments Trust Long Duration Fund) are both mutual funds - SKTAX is a Diversified Portfolio fund managed by SEI, while LDRAX is a Long-Term Bond fund managed by SEI. Over the past 10 years, SKTAX returned 10.81%/yr vs 1.42%/yr for LDRAX. At a correlation of -0.16, they often move in opposite directions. SKTAX charges 0.61%/yr vs 0.14%/yr for LDRAX.

Performance

SKTAX vs. LDRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Asset Allocation Trust Core Market Strategy Allocation Fund (SKTAX) and SEI Institutional Investments Trust Long Duration Fund (LDRAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKTAX achieves a 8.84% return, which is significantly higher than LDRAX's 0.25% return. Over the past 10 years, SKTAX has outperformed LDRAX with an annualized return of 10.81%, while LDRAX has yielded a comparatively lower 1.42% annualized return.

SKTAX

• 1D: -0.42%
• 1M: 2.10%
• YTD: 8.84%
• 6M: 9.65%
• 1Y: 22.73%
• 3Y*: 16.61%
• 5Y*: 8.63%
• 10Y*: 10.81%

LDRAX

• 1D: -0.34%
• 1M: 0.62%
• YTD: 0.25%
• 6M: -0.32%
• 1Y: 5.40%
• 3Y*: 2.40%
• 5Y*: -3.40%
• 10Y*: 1.42%

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

SKTAX vs. LDRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SKTAX SEI Asset Allocation Trust Core Market Strategy Allocation Fund	8.84%	18.49%	11.72%	16.13%	-14.36%	20.88%	11.19%	24.43%	-8.94%	20.06%
LDRAX SEI Institutional Investments Trust Long Duration Fund	0.25%	6.81%	-3.28%	7.16%	-27.73%	-2.19%	18.23%	21.19%	-5.16%	11.74%

Correlation

The correlation between SKTAX and LDRAX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	-0.00
Correlation (All Time) Calculated using the full available price history since May 3, 2004	-0.16

The correlation between SKTAX and LDRAX shifts across timeframes, from -0.16 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SKTAX vs. LDRAX — Risk / Return Rank

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

SKTAX

SKTAX Risk / Return Rank: 60
SKTAX Sharpe Ratio Rank: 59
SKTAX Sortino Ratio Rank: 60
SKTAX Omega Ratio Rank: 57
SKTAX Calmar Ratio Rank: 57
SKTAX Martin Ratio Rank: 65

LDRAX

LDRAX Risk / Return Rank: 12
LDRAX Sharpe Ratio Rank: 11
LDRAX Sortino Ratio Rank: 11
LDRAX Omega Ratio Rank: 10
LDRAX Calmar Ratio Rank: 14
LDRAX Martin Ratio Rank: 11

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.

SKTAX vs. LDRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Asset Allocation Trust Core Market Strategy Allocation Fund (SKTAX) and SEI Institutional Investments Trust Long Duration Fund (LDRAX). 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.

	SKTAX	LDRAX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	0.84	+1.37
Sortino ratio: Return per unit of downside risk	3.17	1.25	+1.93
Omega ratio: Gain probability vs. loss probability	1.40	1.15	+0.26
Calmar ratio: Return relative to maximum drawdown	2.81	1.26	+1.56
Martin ratio: Return relative to average drawdown	12.21	3.15	+9.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKTAX vs. LDRAX - Sharpe Ratio Comparison

The current SKTAX Sharpe Ratio is 2.20, which is higher than the LDRAX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of SKTAX and LDRAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SKTAX	LDRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	0.84	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	-0.27	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.12	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.13	+0.35

Drawdowns

SKTAX vs. LDRAX - Drawdown Comparison

The maximum SKTAX drawdown since its inception was -56.93%, which is greater than LDRAX's maximum drawdown of -37.23%. Use the drawdown chart below to compare losses from any high point for SKTAX and LDRAX.

Drawdown Indicators

	SKTAX	LDRAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.93%	-37.23%	-19.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-5.34%	-2.78%
Max Drawdown (3Y) Largest decline over 3 years	-20.28%	-14.49%	-5.79%
Max Drawdown (5Y) Largest decline over 5 years	-26.66%	-36.35%	+9.69%
Max Drawdown (10Y) Largest decline over 10 years	-34.50%	-37.23%	+2.73%
Current Drawdown Current decline from peak	-0.42%	-22.63%	+22.21%
Average Drawdown Average peak-to-trough decline	-8.22%	-12.40%	+4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.13%	-0.26%

Volatility

SKTAX vs. LDRAX - Volatility Comparison

SEI Asset Allocation Trust Core Market Strategy Allocation Fund (SKTAX) has a higher volatility of 2.77% compared to SEI Institutional Investments Trust Long Duration Fund (LDRAX) at 2.57%. This indicates that SKTAX's price experiences larger fluctuations and is considered to be riskier than LDRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKTAX	LDRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	2.57%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	7.98%	5.62%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	8.04%	+2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	12.54%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	11.39%	+5.11%

SKTAX vs. LDRAX - Expense Ratio Comparison

SKTAX has a 0.61% expense ratio, which is higher than LDRAX's 0.14% expense ratio.

Dividends

SKTAX vs. LDRAX - Dividend Comparison

SKTAX's dividend yield for the trailing twelve months is around 15.86%, more than LDRAX's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDRAX SEI Institutional Investments Trust Long Duration Fund	5.16%	5.04%	4.62%	3.42%	3.23%	4.30%	12.32%	8.60%	4.80%	4.46%	6.21%	9.23%
SKTAX SEI Asset Allocation Trust Core Market Strategy Allocation Fund	15.86%	17.11%	11.93%	6.63%	10.78%	8.42%	5.73%	4.81%	3.68%	4.45%	1.29%	1.14%

Frequently Asked Questions

Can I hold both SKTAX and LDRAX in my portfolio?

SKTAX and LDRAX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKTAX or LDRAX?

SKTAX has higher volatility (2.77%) compared to LDRAX (2.57%). In terms of maximum drawdown, SKTAX dropped -56.93% vs LDRAX's -37.23%.

Which has better risk-adjusted returns?

SKTAX currently has the higher Sharpe Ratio (2.20 vs 0.84), 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.