SLPAX vs. TISBX

Last updated Aug 4, 2026

SLPAX (SEI Institutional Investments Trust Small Cap Fund) and TISBX (TIAA-CREF Small-Cap Blend Index Fund) are both Small Cap Blend Equities funds. Over the past 10 years, SLPAX returned 9.93%/yr vs 10.72%/yr for TISBX. Their 0.98 correlation means they have historically moved very closely together. SLPAX charges 0.72%/yr vs 0.05%/yr for TISBX.

Performance

SLPAX vs. TISBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Small Cap Fund (SLPAX) and TIAA-CREF Small-Cap Blend Index Fund (TISBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLPAX achieves a 15.48% return, which is significantly lower than TISBX's 18.89% return. Over the past 10 years, SLPAX has underperformed TISBX with an annualized return of 9.93%, while TISBX has yielded a comparatively higher 10.72% annualized return.

SLPAX

• 1D: 0.07%
• 1M: -0.82%
• 6M: 8.73%
• YTD: 15.48%
• 1Y: 30.04%
• 3Y*: 15.02%
• 5Y*: 7.71%
• 10Y*: 9.93%
• ALL TIME*: 6.58%

TISBX

• 1D: -0.49%
• 1M: -2.10%
• 6M: 11.75%
• YTD: 18.89%
• 1Y: 36.94%
• 3Y*: 15.30%
• 5Y*: 7.18%
• 10Y*: 10.72%
• ALL TIME*: 9.38%

*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)
SLPAX SEI Institutional Investments Trust Small Cap Fund	$0.00	$0.00	$0.00
TISBX TIAA-CREF Small-Cap Blend Index Fund	$0.00	$0.00	$0.00

SLPAX vs. TISBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLPAX SEI Institutional Investments Trust Small Cap Fund	15.48%	9.96%	16.62%	11.43%	-17.21%	24.76%	13.08%	23.74%	-11.25%	9.33%
TISBX TIAA-CREF Small-Cap Blend Index Fund	18.89%	12.72%	11.60%	17.07%	-20.31%	14.85%	20.14%	25.61%	-10.99%	13.14%

Correlation

The correlation between SLPAX and TISBX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Sep 4, 2007	0.98

The correlation between SLPAX and TISBX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

SLPAX vs. TISBX — Risk / Return Rank

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

SLPAX

SLPAX Risk / Return Rank: 67
SLPAX Sharpe Ratio Rank: 60
SLPAX Sortino Ratio Rank: 63
SLPAX Omega Ratio Rank: 52
SLPAX Calmar Ratio Rank: 83
SLPAX Martin Ratio Rank: 78

TISBX

TISBX Risk / Return Rank: 76
TISBX Sharpe Ratio Rank: 73
TISBX Sortino Ratio Rank: 72
TISBX Omega Ratio Rank: 62
TISBX Calmar Ratio Rank: 86
TISBX Martin Ratio Rank: 85

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.

SLPAX vs. TISBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Small Cap Fund (SLPAX) and TIAA-CREF Small-Cap Blend Index Fund (TISBX). 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.

	SLPAX	TISBX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.78	-0.17
Sortino ratio: Return per unit of downside risk	2.35	2.52	-0.18
Omega ratio: Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio: Return relative to maximum drawdown	2.96	3.14	-0.19
Martin ratio: Return relative to average drawdown	10.09	11.13	-1.05

SLPAX vs. TISBX - Sharpe Ratio Comparison

The current SLPAX Sharpe Ratio is 1.61, which is comparable to the TISBX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of SLPAX and TISBX, 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

SLPAX vs. TISBX - Drawdown Comparison

The maximum SLPAX drawdown since its inception was -67.12%, which is greater than TISBX's maximum drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for SLPAX and TISBX.

Drawdown Indicators

	SLPAX	TISBX	Difference
Max Drawdown Largest peak-to-trough decline	-67.12%	-56.50%	-10.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.48%	-10.95%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-24.04%	-27.44%	+3.40%
Max Drawdown (5Y) Largest decline over 5 years	-40.86%	-31.89%	-8.97%
Max Drawdown (10Y) Largest decline over 10 years	-43.22%	-41.69%	-1.53%
Current Drawdown Current decline from peak	-2.21%	-3.00%	+0.79%
Average Drawdown Average peak-to-trough decline	-17.30%	-9.63%	-7.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	3.09%	-0.32%

Volatility

SLPAX vs. TISBX - Volatility Comparison

SEI Institutional Investments Trust Small Cap Fund (SLPAX) and TIAA-CREF Small-Cap Blend Index Fund (TISBX) have volatilities of 3.65% and 3.82%, 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

	SLPAX	TISBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.82%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	12.58%	14.09%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	19.42%	-1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.69%	22.51%	+4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.90%	23.41%	+1.49%

SLPAX vs. TISBX - Expense Ratio Comparison

SLPAX has a 0.72% expense ratio, which is higher than TISBX's 0.05% expense ratio.

Dividends

SLPAX vs. TISBX - Dividend Comparison

SLPAX's dividend yield for the trailing twelve months is around 23.86%, more than TISBX's 3.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLPAX SEI Institutional Investments Trust Small Cap Fund	23.86%	27.06%	3.82%	0.81%	8.25%	31.45%	4.90%	6.38%	27.71%	10.28%	3.54%	12.97%
TISBX TIAA-CREF Small-Cap Blend Index Fund	3.47%	4.12%	6.82%	3.09%	1.97%	8.96%	2.65%	5.16%	9.29%	4.49%	4.03%	4.77%

Frequently Asked Questions

Can I hold both SLPAX and TISBX in my portfolio?

With a correlation of 0.97, SLPAX and TISBX 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.

Which is riskier, SLPAX or TISBX?

TISBX has higher volatility (3.82%) compared to SLPAX (3.65%). In terms of maximum drawdown, SLPAX dropped -67.12% vs TISBX's -56.50%.

Which has better risk-adjusted returns?

TISBX currently has the higher Sharpe Ratio (1.78 vs 1.61), 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.