SLCAX vs. SIEMX

Last updated Jun 3, 2026

SLCAX (SEI Institutional Investments Trust Large Cap Fund) and SIEMX (SEI Institutional International Trust Emerging Markets Equity Fund) are both mutual funds - SLCAX is a Large Cap Blend Equities fund managed by SEI, while SIEMX is a Emerging Markets Diversified fund managed by SEI. Over the past 10 years, SLCAX returned 13.36%/yr vs 9.93%/yr for SIEMX. A 0.66 correlation means they provide meaningful diversification when combined. SLCAX charges 0.47%/yr vs 1.71%/yr for SIEMX.

Performance

SLCAX vs. SIEMX - 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 International Trust Emerging Markets Equity Fund (SIEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLCAX achieves a 11.07% return, which is significantly lower than SIEMX's 27.48% return. Over the past 10 years, SLCAX has outperformed SIEMX with an annualized return of 13.36%, while SIEMX has yielded a comparatively lower 9.93% annualized return.

SLCAX

• 1D: 0.35%
• 1M: 3.76%
• YTD: 11.07%
• 6M: 12.02%
• 1Y: 27.99%
• 3Y*: 20.86%
• 5Y*: 11.91%
• 10Y*: 13.36%

SIEMX

• 1D: 2.45%
• 1M: 9.56%
• YTD: 27.48%
• 6M: 30.59%
• 1Y: 56.23%
• 3Y*: 23.58%
• 5Y*: 6.93%
• 10Y*: 9.93%

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

SLCAX vs. SIEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLCAX SEI Institutional Investments Trust Large Cap Fund	11.07%	17.94%	20.89%	18.93%	-14.21%	26.47%	11.66%	28.06%	-6.91%	20.99%
SIEMX SEI Institutional International Trust Emerging Markets Equity Fund	27.48%	35.90%	4.31%	9.81%	-21.51%	-1.85%	17.03%	19.76%	-18.67%	37.28%

Correlation

The correlation between SLCAX and SIEMX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007	0.66

The correlation between SLCAX and SIEMX shifts across timeframes, from 0.56 (3 years) to 0.66 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SLCAX vs. SIEMX — Risk / Return Rank

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

SLCAX

SLCAX Risk / Return Rank: 76
SLCAX Sharpe Ratio Rank: 77
SLCAX Sortino Ratio Rank: 72
SLCAX Omega Ratio Rank: 68
SLCAX Calmar Ratio Rank: 78
SLCAX Martin Ratio Rank: 85

SIEMX

SIEMX Risk / Return Rank: 89
SIEMX Sharpe Ratio Rank: 95
SIEMX Sortino Ratio Rank: 87
SIEMX Omega Ratio Rank: 89
SIEMX Calmar Ratio Rank: 87
SIEMX Martin Ratio Rank: 87

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. SIEMX - 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 International Trust Emerging Markets Equity Fund (SIEMX). 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.

	SLCAX	SIEMX	Difference
Sharpe ratio Return per unit of total volatility	2.54	3.33	-0.79
Sortino ratio Return per unit of downside risk	3.55	4.14	-0.59
Omega ratio Gain probability vs. loss probability	1.46	1.63	-0.17
Calmar ratio Return relative to maximum drawdown	3.54	4.21	-0.68
Martin ratio Return relative to average drawdown	16.34	16.77	-0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLCAX vs. SIEMX - Sharpe Ratio Comparison

The current SLCAX Sharpe Ratio is 2.54, which is comparable to the SIEMX Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of SLCAX and SIEMX, 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

	SLCAX	SIEMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	3.33	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.42	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.57	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.28	+0.16

Drawdowns

SLCAX vs. SIEMX - Drawdown Comparison

The maximum SLCAX drawdown since its inception was -56.24%, smaller than the maximum SIEMX drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for SLCAX and SIEMX.

Drawdown Indicators

	SLCAX	SIEMX	Difference
Max Drawdown Largest peak-to-trough decline	-56.24%	-65.22%	+8.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-13.59%	+5.51%
Max Drawdown (3Y) Largest decline over 3 years	-22.33%	-16.41%	-5.92%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	-37.68%	+3.73%
Max Drawdown (10Y) Largest decline over 10 years	-35.87%	-40.76%	+4.89%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.57%	-21.45%	+10.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	3.42%	-1.67%

Volatility

SLCAX vs. SIEMX - Volatility Comparison

The current volatility for SEI Institutional Investments Trust Large Cap Fund (SLCAX) is 2.61%, while SEI Institutional International Trust Emerging Markets Equity Fund (SIEMX) has a volatility of 7.29%. This indicates that SLCAX experiences smaller price fluctuations and is considered to be less risky than SIEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLCAX	SIEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	7.29%	-4.68%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	14.81%	-6.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	17.65%	-6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	16.66%	+4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.11%	17.50%	+2.61%

SLCAX vs. SIEMX - Expense Ratio Comparison

SLCAX has a 0.47% expense ratio, which is lower than SIEMX's 1.71% expense ratio.

Dividends

SLCAX vs. SIEMX - Dividend Comparison

SLCAX's dividend yield for the trailing twelve months is around 33.77%, more than SIEMX's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIEMX SEI Institutional International Trust Emerging Markets Equity Fund	3.38%	4.30%	3.20%	1.58%	2.08%	9.55%	0.53%	1.09%	0.63%	1.26%	0.80%	0.81%
SLCAX SEI Institutional Investments Trust Large Cap Fund	33.77%	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 SIEMX in my portfolio?

SLCAX and SIEMX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLCAX or SIEMX?

SIEMX has higher volatility (7.29%) compared to SLCAX (2.61%). In terms of maximum drawdown, SLCAX dropped -56.24% vs SIEMX's -65.22%.

Which has better risk-adjusted returns?

SIEMX currently has the higher Sharpe Ratio (3.33 vs 2.54), 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.