SLGAX vs. BSIIX
SLGAX (SEI Institutional Managed Trust Large Cap Fund) and BSIIX (BlackRock Strategic Income Opportunities Fund Institutional Shares) are both mutual funds - SLGAX is a Large Cap Blend Equities fund managed by BlackRock, while BSIIX is a Total Bond Market fund actively managed by BlackRock. Over the past 10 years, SLGAX returned 12.99%/yr vs 3.60%/yr for BSIIX. Their 0.26 correlation means their historical movements had little consistent relationship. SLGAX charges 0.95%/yr vs 0.72%/yr for BSIIX.
Performance
SLGAX vs. BSIIX - Performance Comparison
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Returns By Period
In the year-to-date period, SLGAX achieves a 12.38% return, which is significantly higher than BSIIX's 1.14% return. Over the past 10 years, SLGAX has outperformed BSIIX with an annualized return of 12.99%, while BSIIX has yielded a comparatively lower 3.60% annualized return.
SLGAX
- 1D
- 1.48%
- 1M
- 2.97%
- 6M
- 11.03%
- YTD
- 12.38%
- 1Y
- 21.37%
- 3Y*
- 19.03%
- 5Y*
- 11.06%
- 10Y*
- 12.99%
- ALL TIME*
- 12.62%
BSIIX
- 1D
- 0.21%
- 1M
- -1.03%
- 6M
- 0.21%
- YTD
- 1.14%
- 1Y
- 4.13%
- 3Y*
- 6.43%
- 5Y*
- 2.77%
- 10Y*
- 3.60%
- ALL TIME*
- 3.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SLGAX vs. BSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLGAX SEI Institutional Managed Trust Large Cap Fund | 12.38% | 17.41% | 20.38% | 19.49% | -16.03% | 24.30% | 11.60% | 29.13% | -6.92% | 22.54% |
BSIIX BlackRock Strategic Income Opportunities Fund Institutional Shares | 1.14% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.42% | 4.89% |
Correlation
The correlation between SLGAX and BSIIX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009 | 0.26 |
Over the past year, SLGAX and BSIIX have become more correlated (0.54) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
SLGAX vs. BSIIX — Risk / Return Rank
SLGAX
BSIIX
SLGAX vs. BSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Large Cap Fund (SLGAX) and BlackRock Strategic Income Opportunities Fund Institutional Shares (BSIIX). 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.
| SLGAX | BSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.54 | +1.26 |
| Martin ratioReturn relative to average drawdown | 12.19 | 5.56 | +6.63 |
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Drawdowns
SLGAX vs. BSIIX - Drawdown Comparison
The maximum SLGAX drawdown since its inception was -36.80%, which is greater than BSIIX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for SLGAX and BSIIX.
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Drawdown Indicators
| SLGAX | BSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -18.76% | -18.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -2.84% | -5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -2.84% | -26.05% |
Max Drawdown (5Y)Largest decline over 5 years | -28.89% | -9.13% | -19.76% |
Max Drawdown (10Y)Largest decline over 10 years | -36.80% | -9.91% | -26.89% |
Current DrawdownCurrent decline from peak | 0.00% | -1.14% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -1.80% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.78% | +1.14% |
Volatility
SLGAX vs. BSIIX - Volatility Comparison
SEI Institutional Managed Trust Large Cap Fund (SLGAX) has a higher volatility of 3.36% compared to BlackRock Strategic Income Opportunities Fund Institutional Shares (BSIIX) at 0.74%. This indicates that SLGAX's price experiences larger fluctuations and is considered to be riskier than BSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLGAX | BSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 0.74% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 2.43% | +7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 2.96% | +9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.63% | 3.04% | +16.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.63% | 3.15% | +16.48% |
SLGAX vs. BSIIX - Expense Ratio Comparison
SLGAX has a 0.95% expense ratio, which is higher than BSIIX's 0.72% expense ratio.
Dividends
SLGAX vs. BSIIX - Dividend Comparison
SLGAX's dividend yield for the trailing twelve months is around 18.62%, more than BSIIX's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Institutional Shares | 4.82% | 5.07% | 4.75% | 3.33% | 3.58% | 2.98% | 2.92% | 3.54% | 3.32% | 3.45% | 2.91% | 3.19% |
SLGAX SEI Institutional Managed Trust Large Cap Fund | 18.62% | 20.96% | 18.18% | 6.78% | 10.41% | 14.16% | 3.68% | 7.27% | 16.21% | 7.35% | 0.94% | 20.34% |
Frequently Asked Questions
SLGAX and BSIIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLGAX has higher volatility (3.36%) compared to BSIIX (0.74%). In terms of maximum drawdown, SLGAX dropped -36.80% vs BSIIX's -18.76%.
SLGAX currently has the higher Sharpe Ratio (1.93 vs 1.48), 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.
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