SLCAX vs. VIG

Last updated Jun 3, 2026

SLCAX (SEI Institutional Investments Trust Large Cap Fund) and VIG (Vanguard Dividend Appreciation ETF) are both funds - SLCAX is a Large Cap Blend Equities fund managed by SEI, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Over the past 10 years, SLCAX returned 13.36%/yr vs 13.25%/yr for VIG. Their correlation of 0.94 suggests significant overlap in exposure. SLCAX charges 0.47%/yr vs 0.04%/yr for VIG.

Performance

SLCAX vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Large Cap Fund (SLCAX) and Vanguard Dividend Appreciation ETF (VIG). 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 higher than VIG's 7.77% return. Both investments have delivered pretty close results over the past 10 years, with SLCAX having a 13.36% annualized return and VIG not far behind at 13.25%.

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%

VIG

• 1D: 0.76%
• 1M: 3.28%
• YTD: 7.77%
• 6M: 7.94%
• 1Y: 20.63%
• 3Y*: 16.56%
• 5Y*: 10.78%
• 10Y*: 13.25%

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

SLCAX vs. VIG - 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%
VIG Vanguard Dividend Appreciation ETF	7.77%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Correlation

The correlation between SLCAX and VIG is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007	0.94

The correlation between SLCAX and VIG has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

SLCAX vs. VIG — 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

VIG

VIG Risk / Return Rank: 60
VIG Sharpe Ratio Rank: 61
VIG Sortino Ratio Rank: 64
VIG Omega Ratio Rank: 60
VIG Calmar Ratio Rank: 53
VIG Martin Ratio Rank: 60

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. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Large Cap Fund (SLCAX) and Vanguard Dividend Appreciation ETF (VIG). 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	VIG	Difference
Sharpe ratio Return per unit of total volatility	2.54	2.07	+0.47
Sortino ratio Return per unit of downside risk	3.55	3.01	+0.54
Omega ratio Gain probability vs. loss probability	1.46	1.37	+0.09
Calmar ratio Return relative to maximum drawdown	3.54	2.67	+0.86
Martin ratio Return relative to average drawdown	16.34	10.82	+5.52
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. VIG - Sharpe Ratio Comparison

The current SLCAX Sharpe Ratio is 2.54, which is comparable to the VIG Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of SLCAX and VIG, 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	VIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.07	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.76	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.83	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.60	-0.15

Drawdowns

SLCAX vs. VIG - Drawdown Comparison

The maximum SLCAX drawdown since its inception was -56.24%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for SLCAX and VIG.

Drawdown Indicators

	SLCAX	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-56.24%	-46.81%	-9.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-7.91%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-22.33%	-14.95%	-7.38%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	-20.39%	-13.56%
Max Drawdown (10Y) Largest decline over 10 years	-35.87%	-31.72%	-4.15%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.57%	-5.52%	-5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.96%	-0.21%

Volatility

SLCAX vs. VIG - Volatility Comparison

SEI Institutional Investments Trust Large Cap Fund (SLCAX) has a higher volatility of 2.61% compared to Vanguard Dividend Appreciation ETF (VIG) at 2.32%. This indicates that SLCAX's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLCAX	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.32%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	7.64%	+0.97%
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	10.01%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	14.23%	+6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.11%	16.05%	+4.06%

SLCAX vs. VIG - Expense Ratio Comparison

SLCAX has a 0.47% expense ratio, which is higher than VIG's 0.04% expense ratio.

Dividends

SLCAX vs. VIG - Dividend Comparison

SLCAX's dividend yield for the trailing twelve months is around 33.77%, more than VIG's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VIG Vanguard Dividend Appreciation ETF	1.46%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both SLCAX and VIG in my portfolio?

SLCAX and VIG have a correlation of 0.90, 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 VIG?

SLCAX has higher volatility (2.61%) compared to VIG (2.32%). In terms of maximum drawdown, SLCAX dropped -56.24% vs VIG's -46.81%.

Which has better risk-adjusted returns?

SLCAX currently has the higher Sharpe Ratio (2.54 vs 2.07), 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.