SLLAX vs. VFAIX

Last updated Aug 4, 2026

SLLAX (SEI Institutional Managed Trust Small Cap Fund) and VFAIX (Vanguard Financials Index Fund Admiral Shares) are both mutual funds - SLLAX is a Small Cap Blend Equities fund managed by BlackRock, while VFAIX is a Financials Equities fund tracking the MSCI US Investable Market Financials 25/50 Index. Over the past 10 years, SLLAX returned 10.24%/yr vs 13.51%/yr for VFAIX. Their correlation of 0.82 means they have usually moved in the same direction. SLLAX charges 1.14%/yr vs 0.09%/yr for VFAIX.

Performance

SLLAX vs. VFAIX - Performance Comparison

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

Returns By Period

In the year-to-date period, SLLAX achieves a 18.93% return, which is significantly higher than VFAIX's 5.34% return. Over the past 10 years, SLLAX has underperformed VFAIX with an annualized return of 10.24%, while VFAIX has yielded a comparatively higher 13.51% annualized return.

SLLAX

• 1D: -0.13%
• 1M: -0.10%
• 6M: 11.12%
• YTD: 18.93%
• 1Y: 32.26%
• 3Y*: 14.78%
• 5Y*: 8.57%
• 10Y*: 10.24%
• ALL TIME*: 10.59%

VFAIX

• 1D: -0.11%
• 1M: 2.23%
• 6M: 6.28%
• YTD: 5.34%
• 1Y: 13.08%
• 3Y*: 19.65%
• 5Y*: 11.51%
• 10Y*: 13.51%
• ALL TIME*: 6.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SLLAX SEI Institutional Managed Trust Small Cap Fund	$0.00	$0.00	$0.00
VFAIX Vanguard Financials Index Fund Admiral Shares	$0.00	$0.00	$0.00

SLLAX vs. VFAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLLAX SEI Institutional Managed Trust Small Cap Fund	18.93%	9.98%	13.04%	13.46%	-15.64%	25.33%	15.78%	23.55%	-13.26%	9.73%
VFAIX Vanguard Financials Index Fund Admiral Shares	5.34%	14.90%	30.46%	14.07%	-12.26%	36.27%	-2.15%	31.63%	-13.47%	20.05%

Correlation

The correlation between SLLAX and VFAIX is 0.64, 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.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009	0.82

The correlation between SLLAX and VFAIX shifts across timeframes, from 0.64 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SLLAX vs. VFAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SLLAX

SLLAX Risk / Return Rank: 73
SLLAX Sharpe Ratio Rank: 68
SLLAX Sortino Ratio Rank: 71
SLLAX Omega Ratio Rank: 61
SLLAX Calmar Ratio Rank: 86
SLLAX Martin Ratio Rank: 78

VFAIX

VFAIX Risk / Return Rank: 16
VFAIX Sharpe Ratio Rank: 18
VFAIX Sortino Ratio Rank: 17
VFAIX Omega Ratio Rank: 18
VFAIX Calmar Ratio Rank: 14
VFAIX Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SLLAX vs. VFAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Small Cap Fund (SLLAX) and Vanguard Financials Index Fund Admiral Shares (VFAIX). 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	VFAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	0.73	+0.96
Sortino ratio: Return per unit of downside risk	2.52	1.08	+1.44
Omega ratio: Gain probability vs. loss probability	1.30	1.14	+0.16
Calmar ratio: Return relative to maximum drawdown	3.15	0.75	+2.40
Martin ratio: Return relative to average drawdown	10.03	1.94	+8.09

SLLAX vs. VFAIX - Sharpe Ratio Comparison

The current SLLAX Sharpe Ratio is 1.70, which is higher than the VFAIX Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of SLLAX and VFAIX, 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. VFAIX - Drawdown Comparison

The maximum SLLAX drawdown since its inception was -44.08%, smaller than the maximum VFAIX drawdown of -78.64%. Use the drawdown chart below to compare losses from any high point for SLLAX and VFAIX.

Drawdown Indicators

	SLLAX	VFAIX	Difference
Max Drawdown Largest peak-to-trough decline	-44.08%	-78.64%	+34.56%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-14.72%	+5.19%
Max Drawdown (3Y) Largest decline over 3 years	-25.52%	-17.31%	-8.21%
Max Drawdown (5Y) Largest decline over 5 years	-25.82%	-25.71%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-44.08%	-44.37%	+0.29%
Current Drawdown Current decline from peak	-1.92%	-1.19%	-0.73%
Average Drawdown Average peak-to-trough decline	-7.71%	-18.49%	+10.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	5.66%	-2.67%

Volatility

SLLAX vs. VFAIX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Small Cap Fund (SLLAX) is 3.78%, while Vanguard Financials Index Fund Admiral Shares (VFAIX) has a volatility of 4.07%. This indicates that SLLAX experiences smaller price fluctuations and is considered to be less risky than VFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLLAX	VFAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	4.07%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	12.71%	11.21%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	15.04%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.77%	19.16%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.14%	22.54%	-0.40%

SLLAX vs. VFAIX - Expense Ratio Comparison

SLLAX has a 1.14% expense ratio, which is higher than VFAIX's 0.09% expense ratio.

Dividends

SLLAX vs. VFAIX - Dividend Comparison

SLLAX's dividend yield for the trailing twelve months is around 8.95%, more than VFAIX's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLLAX SEI Institutional Managed Trust Small Cap Fund	8.95%	10.74%	14.01%	3.72%	0.84%	22.64%	0.18%	0.14%	16.14%	7.15%	0.15%	11.42%
VFAIX Vanguard Financials Index Fund Admiral Shares	1.67%	1.56%	1.75%	2.08%	2.31%	2.62%	2.21%	2.17%	2.30%	1.54%	1.64%	2.00%

Frequently Asked Questions

Can I hold both SLLAX and VFAIX in my portfolio?

SLLAX and VFAIX have a correlation of 0.64, 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 VFAIX?

VFAIX has higher volatility (4.07%) compared to SLLAX (3.78%). In terms of maximum drawdown, SLLAX dropped -44.08% vs VFAIX's -78.64%.

Which has better risk-adjusted returns?

SLLAX currently has the higher Sharpe Ratio (1.70 vs 0.73), 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.