SLLAX vs. LIVIX

Last updated Jun 24, 2026

SLLAX (SEI Institutional Managed Trust Small Cap Fund) and LIVIX (BlackRock LifePath Index 2055 Fund) are both mutual funds - SLLAX is a Small Cap Blend Equities fund managed by BlackRock, while LIVIX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, SLLAX returned 10.88%/yr vs 12.37%/yr for LIVIX. Their correlation of 0.85 suggests significant overlap in exposure. SLLAX charges 1.14%/yr vs 0.10%/yr for LIVIX.

Performance

SLLAX vs. LIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Small Cap Fund (SLLAX) and BlackRock LifePath Index 2055 Fund (LIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLLAX achieves a 19.52% return, which is significantly higher than LIVIX's 12.39% return. Over the past 10 years, SLLAX has underperformed LIVIX with an annualized return of 10.88%, while LIVIX has yielded a comparatively higher 12.37% annualized return.

SLLAX

• 1D: 0.87%
• 1M: 4.56%
• YTD: 19.52%
• 6M: 16.89%
• 1Y: 33.81%
• 3Y*: 17.98%
• 5Y*: 8.23%
• 10Y*: 10.88%

LIVIX

• 1D: -0.09%
• 1M: 1.71%
• YTD: 12.39%
• 6M: 11.63%
• 1Y: 28.07%
• 3Y*: 19.49%
• 5Y*: 10.28%
• 10Y*: 12.37%

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

SLLAX vs. LIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLLAX SEI Institutional Managed Trust Small Cap Fund	19.52%	9.98%	13.04%	13.46%	-15.64%	25.33%	15.78%	23.55%	-13.26%	9.73%
LIVIX BlackRock LifePath Index 2055 Fund	12.39%	21.57%	13.60%	21.62%	-18.38%	18.75%	14.99%	26.76%	-7.83%	21.38%

Correlation

The correlation between SLLAX and LIVIX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011	0.85

The correlation between SLLAX and LIVIX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

Return for Risk

SLLAX vs. LIVIX — Risk / Return Rank

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

SLLAX

SLLAX Risk / Return Rank: 60
SLLAX Sharpe Ratio Rank: 53
SLLAX Sortino Ratio Rank: 55
SLLAX Omega Ratio Rank: 46
SLLAX Calmar Ratio Rank: 84
SLLAX Martin Ratio Rank: 64

LIVIX

LIVIX Risk / Return Rank: 69
LIVIX Sharpe Ratio Rank: 68
LIVIX Sortino Ratio Rank: 64
LIVIX Omega Ratio Rank: 64
LIVIX Calmar Ratio Rank: 71
LIVIX Martin Ratio Rank: 77

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.

SLLAX vs. LIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Small Cap Fund (SLLAX) and BlackRock LifePath Index 2055 Fund (LIVIX). 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.

	SLLAX	LIVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.21	-0.23
Sortino ratio: Return per unit of downside risk	2.85	3.04	-0.19
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.06
Calmar ratio: Return relative to maximum drawdown	3.73	3.11	+0.62
Martin ratio: Return relative to average drawdown	11.78	13.47	-1.69

SLLAX vs. LIVIX - Sharpe Ratio Comparison

The current SLLAX Sharpe Ratio is 1.98, which is comparable to the LIVIX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of SLLAX and LIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLLAX vs. LIVIX - Drawdown Comparison

The maximum SLLAX drawdown since its inception was -44.08%, which is greater than LIVIX's maximum drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for SLLAX and LIVIX.

Drawdown Indicators

	SLLAX	LIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.08%	-34.44%	-9.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-9.44%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-25.52%	-17.39%	-8.13%
Max Drawdown (5Y) Largest decline over 5 years	-25.82%	-26.45%	+0.63%
Max Drawdown (10Y) Largest decline over 10 years	-44.08%	-34.44%	-9.64%
Current Drawdown Current decline from peak	0.00%	-0.62%	+0.62%
Average Drawdown Average peak-to-trough decline	-7.75%	-4.51%	-3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.17%	+0.84%

Volatility

SLLAX vs. LIVIX - Volatility Comparison

SEI Institutional Managed Trust Small Cap Fund (SLLAX) and BlackRock LifePath Index 2055 Fund (LIVIX) have volatilities of 5.13% and 5.12%, 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.

Volatility by Period

	SLLAX	LIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	5.12%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	12.86%	11.01%	+1.85%
Volatility (1Y) Calculated over the trailing 1-year period	17.99%	13.29%	+4.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.90%	15.96%	+4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.23%	16.76%	+5.47%

SLLAX vs. LIVIX - Expense Ratio Comparison

SLLAX has a 1.14% expense ratio, which is higher than LIVIX's 0.10% expense ratio.

Dividends

SLLAX vs. LIVIX - Dividend Comparison

SLLAX's dividend yield for the trailing twelve months is around 8.96%, more than LIVIX's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIVIX BlackRock LifePath Index 2055 Fund	2.21%	2.48%	0.01%	2.04%	1.96%	2.04%	1.56%	2.95%	2.35%	2.27%	1.54%	2.88%
SLLAX SEI Institutional Managed Trust Small Cap Fund	8.96%	10.74%	14.01%	3.72%	0.84%	22.64%	0.18%	0.14%	16.14%	7.15%	0.15%	11.42%

Frequently Asked Questions

Can I hold both SLLAX and LIVIX in my portfolio?

SLLAX and LIVIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLLAX or LIVIX?

SLLAX has higher volatility (5.13%) compared to LIVIX (5.12%). In terms of maximum drawdown, SLLAX dropped -44.08% vs LIVIX's -34.44%.

Which has better risk-adjusted returns?

LIVIX currently has the higher Sharpe Ratio (2.21 vs 1.98), 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.