SLDAX vs. SPIIX

Last updated Apr 1, 2026

Compare and contrast key facts about SEI Institutional Investments Trust Long Duration Credit Fund (SLDAX) and SEI S&P 500 Index Fund Class I (SPIIX).

SLDAX is managed by SEI. It was launched on Jun 28, 2012. SPIIX is a passively managed fund by SEI that tracks the performance of the S&P 500 Index. It was launched on Jun 28, 2002.

Performance

SLDAX vs. SPIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Long Duration Credit Fund (SLDAX) and SEI S&P 500 Index Fund Class I (SPIIX). The values are adjusted to include any dividend payments, if applicable.

SLDAX vs. SPIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLDAX SEI Institutional Investments Trust Long Duration Credit Fund	-1.77%	7.37%	-2.78%	8.14%	-26.58%	-2.80%	16.56%	21.45%	-6.23%	11.67%
SPIIX SEI S&P 500 Index Fund Class I	-7.22%	16.97%	24.11%	25.49%	-18.84%	28.04%	17.66%	30.72%	-5.00%	21.06%

Returns By Period

In the year-to-date period, SLDAX achieves a -1.77% return, which is significantly higher than SPIIX's -7.22% return. Over the past 10 years, SLDAX has underperformed SPIIX with an annualized return of 1.78%, while SPIIX has yielded a comparatively higher 12.99% annualized return.

SLDAX

• 1D: 1.06%
• 1M: -4.03%
• YTD: -1.77%
• 6M: -2.02%
• 1Y: 2.57%
• 3Y*: 1.52%
• 5Y*: -2.58%
• 10Y*: 1.78%

SPIIX

• 1D: -0.40%
• 1M: -7.73%
• YTD: -7.22%
• 6M: -5.00%
• 1Y: 13.56%
• 3Y*: 16.34%
• 5Y*: 10.62%
• 10Y*: 12.99%

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

SLDAX vs. SPIIX - Expense Ratio Comparison

SLDAX has a 0.14% expense ratio, which is lower than SPIIX's 0.65% expense ratio.

SPIIX

SEI S&P 500 Index Fund Class I

SLDAX

SEI Institutional Investments Trust Long Duration Credit Fund

Return for Risk

SLDAX vs. SPIIX — Risk / Return Rank

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

SLDAX

SLDAX Risk / Return Rank: 17
SLDAX Sharpe Ratio Rank: 14
SLDAX Sortino Ratio Rank: 12
SLDAX Omega Ratio Rank: 11
SLDAX Calmar Ratio Rank: 28
SLDAX Martin Ratio Rank: 18

SPIIX

SPIIX Risk / Return Rank: 40
SPIIX Sharpe Ratio Rank: 35
SPIIX Sortino Ratio Rank: 38
SPIIX Omega Ratio Rank: 43
SPIIX Calmar Ratio Rank: 37
SPIIX Martin Ratio Rank: 48

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.

SLDAX vs. SPIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Long Duration Credit Fund (SLDAX) and SEI S&P 500 Index Fund Class I (SPIIX). 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.

	SLDAX	SPIIX	Difference
Sharpe ratio Return per unit of total volatility	0.40	0.79	-0.39
Sortino ratio Return per unit of downside risk	0.59	1.23	-0.64
Omega ratio Gain probability vs. loss probability	1.07	1.19	-0.11
Calmar ratio Return relative to maximum drawdown	0.83	0.98	-0.15
Martin ratio Return relative to average drawdown	1.98	4.73	-2.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLDAX vs. SPIIX - Sharpe Ratio Comparison

The current SLDAX Sharpe Ratio is 0.40, which is lower than the SPIIX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of SLDAX and SPIIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLDAX	SPIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	0.79	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.58	-0.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	0.69	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.53	-0.32

Correlation

The correlation between SLDAX and SPIIX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SLDAX vs. SPIIX - Dividend Comparison

SLDAX's dividend yield for the trailing twelve months is around 4.72%, less than SPIIX's 9.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLDAX SEI Institutional Investments Trust Long Duration Credit Fund	4.72%	5.03%	4.63%	3.38%	3.27%	5.81%	7.64%	3.79%	4.26%	4.41%	4.22%	6.63%
SPIIX SEI S&P 500 Index Fund Class I	9.08%	8.42%	12.20%	4.10%	10.27%	7.03%	5.78%	4.04%	3.90%	2.08%	4.34%	1.53%

Drawdowns

SLDAX vs. SPIIX - Drawdown Comparison

The maximum SLDAX drawdown since its inception was -36.12%, smaller than the maximum SPIIX drawdown of -55.78%. Use the drawdown chart below to compare losses from any high point for SLDAX and SPIIX.

Drawdown Indicators

	SLDAX	SPIIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-55.78%	+19.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.22%	-12.14%	+6.92%
Max Drawdown (5Y) Largest decline over 5 years	-35.17%	-25.70%	-9.47%
Max Drawdown (10Y) Largest decline over 10 years	-36.12%	-33.85%	-2.27%
Current Drawdown Current decline from peak	-21.69%	-9.02%	-12.67%
Average Drawdown Average peak-to-trough decline	-10.49%	-7.33%	-3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.52%	-0.32%

Volatility

SLDAX vs. SPIIX - Volatility Comparison

The current volatility for SEI Institutional Investments Trust Long Duration Credit Fund (SLDAX) is 3.30%, while SEI S&P 500 Index Fund Class I (SPIIX) has a volatility of 4.24%. This indicates that SLDAX experiences smaller price fluctuations and is considered to be less risky than SPIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLDAX	SPIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	4.24%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	5.15%	9.09%	-3.94%
Volatility (1Y) Calculated over the trailing 1-year period	8.68%	18.13%	-9.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.17%	18.41%	-6.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.27%	18.84%	-7.57%