SLCAX vs. SDLAX

Last updated Jun 24, 2026

SLCAX (SEI Institutional Investments Trust Large Cap Fund) and SDLAX (SEI Institutional Investments Trust Dynamic Asset Allocation Fund) are both Large Cap Blend Equities funds from SEI. Over the past 10 years, SLCAX returned 13.79%/yr vs 15.45%/yr for SDLAX. Their correlation of 0.95 suggests significant overlap in exposure. SLCAX charges 0.47%/yr vs 0.67%/yr for SDLAX.

Performance

SLCAX vs. SDLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Large Cap Fund (SLCAX) and SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLCAX achieves a 10.37% return, which is significantly higher than SDLAX's 8.32% return. Over the past 10 years, SLCAX has underperformed SDLAX with an annualized return of 13.79%, while SDLAX has yielded a comparatively higher 15.45% annualized return.

SLCAX

• 1D: -0.35%
• 1M: 0.78%
• YTD: 10.37%
• 6M: 9.45%
• 1Y: 25.40%
• 3Y*: 19.99%
• 5Y*: 11.89%
• 10Y*: 13.79%

SDLAX

• 1D: -0.43%
• 1M: -0.19%
• YTD: 8.32%
• 6M: 7.41%
• 1Y: 24.60%
• 3Y*: 21.00%
• 5Y*: 13.52%
• 10Y*: 15.45%

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

SLCAX vs. SDLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLCAX SEI Institutional Investments Trust Large Cap Fund	10.37%	17.94%	20.89%	18.93%	-14.21%	26.47%	11.66%	28.06%	-6.91%	20.99%
SDLAX SEI Institutional Investments Trust Dynamic Asset Allocation Fund	8.32%	20.37%	24.23%	22.00%	-16.10%	31.43%	20.70%	27.68%	-7.77%	19.77%

Correlation

The correlation between SLCAX and SDLAX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.95

The correlation between SLCAX and SDLAX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

SLCAX vs. SDLAX — Risk / Return Rank

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

SLCAX

SLCAX Risk / Return Rank: 74
SLCAX Sharpe Ratio Rank: 73
SLCAX Sortino Ratio Rank: 70
SLCAX Omega Ratio Rank: 66
SLCAX Calmar Ratio Rank: 77
SLCAX Martin Ratio Rank: 86

SDLAX

SDLAX Risk / Return Rank: 53
SDLAX Sharpe Ratio Rank: 51
SDLAX Sortino Ratio Rank: 46
SDLAX Omega Ratio Rank: 49
SDLAX Calmar Ratio Rank: 53
SDLAX Martin Ratio Rank: 64

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.

SLCAX vs. SDLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Large Cap Fund (SLCAX) and SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX). 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.

	SLCAX	SDLAX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.94	+0.35
Sortino ratio: Return per unit of downside risk	3.19	2.63	+0.56
Omega ratio: Gain probability vs. loss probability	1.41	1.35	+0.06
Calmar ratio: Return relative to maximum drawdown	3.31	2.67	+0.64
Martin ratio: Return relative to average drawdown	15.01	11.90	+3.11

SLCAX vs. SDLAX - Sharpe Ratio Comparison

The current SLCAX Sharpe Ratio is 2.29, which is comparable to the SDLAX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of SLCAX and SDLAX, 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

SLCAX vs. SDLAX - Drawdown Comparison

The maximum SLCAX drawdown since its inception was -56.24%, which is greater than SDLAX's maximum drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for SLCAX and SDLAX.

Drawdown Indicators

	SLCAX	SDLAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.24%	-35.25%	-20.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-9.76%	+1.68%
Max Drawdown (3Y) Largest decline over 3 years	-22.33%	-35.25%	+12.92%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	-35.25%	+1.30%
Max Drawdown (10Y) Largest decline over 10 years	-35.87%	-35.25%	-0.62%
Current Drawdown Current decline from peak	-1.11%	-2.22%	+1.11%
Average Drawdown Average peak-to-trough decline	-10.54%	-5.72%	-4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	2.18%	-0.40%

Volatility

SLCAX vs. SDLAX - Volatility Comparison

The current volatility for SEI Institutional Investments Trust Large Cap Fund (SLCAX) is 3.94%, while SEI Institutional Investments Trust Dynamic Asset Allocation Fund (SDLAX) has a volatility of 5.37%. This indicates that SLCAX experiences smaller price fluctuations and is considered to be less risky than SDLAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLCAX	SDLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	5.37%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	9.22%	10.94%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	13.47%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.84%	26.13%	-5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	22.76%	-2.62%

SLCAX vs. SDLAX - Expense Ratio Comparison

SLCAX has a 0.47% expense ratio, which is lower than SDLAX's 0.67% expense ratio.

Dividends

SLCAX vs. SDLAX - Dividend Comparison

SLCAX's dividend yield for the trailing twelve months is around 33.99%, more than SDLAX's 12.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SDLAX SEI Institutional Investments Trust Dynamic Asset Allocation Fund	12.75%	13.81%	32.97%	12.32%	14.88%	17.50%	12.09%	12.85%	1.86%	3.79%	1.60%	6.89%
SLCAX SEI Institutional Investments Trust Large Cap Fund	33.99%	37.47%	12.36%	7.46%	13.40%	20.97%	6.89%	11.19%	31.44%	23.33%	5.33%	17.76%

Frequently Asked Questions

Can I hold both SLCAX and SDLAX in my portfolio?

With a correlation of 0.94, SLCAX and SDLAX 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, SLCAX or SDLAX?

SDLAX has higher volatility (5.37%) compared to SLCAX (3.94%). In terms of maximum drawdown, SLCAX dropped -56.24% vs SDLAX's -35.25%.

Which has better risk-adjusted returns?

SLCAX currently has the higher Sharpe Ratio (2.29 vs 1.94), 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.