SLGAX vs. VITPX
SLGAX (SEI Institutional Managed Trust Large Cap Fund) and VITPX (Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares) are both Large Cap Blend Equities funds. Over the past 10 years, SLGAX returned 12.98%/yr vs 15.10%/yr for VITPX. With a 0.98 correlation, they move nearly in lockstep. SLGAX charges 0.95%/yr vs 0.02%/yr for VITPX.
Performance
SLGAX vs. VITPX - Performance Comparison
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Returns By Period
In the year-to-date period, SLGAX achieves a 8.85% return, which is significantly lower than VITPX's 11.14% return. Over the past 10 years, SLGAX has underperformed VITPX with an annualized return of 12.98%, while VITPX has yielded a comparatively higher 15.10% annualized return.
SLGAX
- 1D
- -0.65%
- 1M
- 3.31%
- YTD
- 8.85%
- 6M
- 9.44%
- 1Y
- 24.38%
- 3Y*
- 19.91%
- 5Y*
- 10.55%
- 10Y*
- 12.98%
VITPX
- 1D
- -0.76%
- 1M
- 4.07%
- YTD
- 11.14%
- 6M
- 10.88%
- 1Y
- 28.14%
- 3Y*
- 22.61%
- 5Y*
- 13.02%
- 10Y*
- 15.10%
SLGAX vs. VITPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLGAX SEI Institutional Managed Trust Large Cap Fund | 8.85% | 17.41% | 20.38% | 19.49% | -16.03% | 24.30% | 11.60% | 29.13% | -6.92% | 22.54% |
VITPX Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares | 11.14% | 17.17% | 25.43% | 26.01% | -19.48% | 25.76% | 20.95% | 30.87% | -5.59% | 20.51% |
Correlation
The correlation between SLGAX and VITPX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2009 | 0.98 |
The correlation between SLGAX and VITPX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
SLGAX vs. VITPX — Risk / Return Rank
SLGAX
VITPX
SLGAX vs. VITPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Large Cap Fund (SLGAX) and Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX). 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.
| SLGAX | VITPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.17 | -0.25 |
| Martin ratioReturn relative to average drawdown | 13.23 | 14.64 | -1.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SLGAX | VITPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.32 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.75 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.82 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.50 | +0.18 |
Drawdowns
SLGAX vs. VITPX - Drawdown Comparison
The maximum SLGAX drawdown since its inception was -36.80%, smaller than the maximum VITPX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for SLGAX and VITPX.
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Drawdown Indicators
| SLGAX | VITPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -55.28% | +18.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -8.92% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -19.35% | -9.54% |
Max Drawdown (5Y)Largest decline over 5 years | -28.89% | -25.31% | -3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -36.80% | -34.99% | -1.81% |
Current DrawdownCurrent decline from peak | -0.78% | -0.76% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -8.02% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.93% | -0.08% |
Volatility
SLGAX vs. VITPX - Volatility Comparison
SEI Institutional Managed Trust Large Cap Fund (SLGAX) and Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX) have volatilities of 2.95% and 3.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLGAX | VITPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 3.05% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 9.20% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 12.22% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.59% | 17.35% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 18.41% | +1.26% |
SLGAX vs. VITPX - Expense Ratio Comparison
SLGAX has a 0.95% expense ratio, which is higher than VITPX's 0.02% expense ratio.
Dividends
SLGAX vs. VITPX - Dividend Comparison
SLGAX's dividend yield for the trailing twelve months is around 19.25%, more than VITPX's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLGAX SEI Institutional Managed Trust Large Cap Fund | 19.25% | 20.96% | 18.18% | 6.78% | 10.41% | 14.16% | 3.68% | 7.27% | 16.21% | 7.35% | 0.94% | 20.34% |
VITPX Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares | 2.26% | 2.64% | 4.14% | 2.41% | 6.48% | 5.38% | 11.57% | 2.91% | 3.93% | 1.90% | 2.80% | 2.30% |
Frequently Asked Questions
With a correlation of 0.96, SLGAX and VITPX 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.
VITPX has higher volatility (3.05%) compared to SLGAX (2.95%). In terms of maximum drawdown, SLGAX dropped -36.80% vs VITPX's -55.28%.
VITPX currently has the higher Sharpe Ratio (2.32 vs 2.12), 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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