SMQFX vs. LDRAX
SMQFX (SEI Institutional Investments Trust Emerging Markets Equity Fund) and LDRAX (SEI Institutional Investments Trust Long Duration Fund) are both mutual funds - SMQFX is a Emerging Markets Diversified fund managed by SEI, while LDRAX is a Long-Term Bond fund managed by SEI. Over the past 10 years, SMQFX returned 12.11%/yr vs 1.45%/yr for LDRAX. At a correlation of -0.04, they often move in opposite directions. SMQFX charges 0.59%/yr vs 0.14%/yr for LDRAX.
Performance
SMQFX vs. LDRAX - Performance Comparison
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Returns By Period
In the year-to-date period, SMQFX achieves a 26.81% return, which is significantly higher than LDRAX's 0.60% return. Over the past 10 years, SMQFX has outperformed LDRAX with an annualized return of 12.11%, while LDRAX has yielded a comparatively lower 1.45% annualized return.
SMQFX
- 1D
- 1.21%
- 1M
- 8.17%
- YTD
- 26.81%
- 6M
- 30.55%
- 1Y
- 60.61%
- 3Y*
- 27.84%
- 5Y*
- 11.93%
- 10Y*
- 12.11%
LDRAX
- 1D
- 0.17%
- 1M
- 1.67%
- YTD
- 0.60%
- 6M
- -0.31%
- 1Y
- 7.06%
- 3Y*
- 2.51%
- 5Y*
- -3.12%
- 10Y*
- 1.45%
SMQFX vs. LDRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMQFX SEI Institutional Investments Trust Emerging Markets Equity Fund | 26.81% | 40.14% | 9.19% | 16.67% | -19.31% | 8.09% | 17.33% | 18.91% | -17.67% | 33.53% |
LDRAX SEI Institutional Investments Trust Long Duration Fund | 0.60% | 6.81% | -3.28% | 7.16% | -27.73% | -2.19% | 18.23% | 21.19% | -5.16% | 11.74% |
Correlation
The correlation between SMQFX and LDRAX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2014 | -0.04 |
The correlation between SMQFX and LDRAX shifts across timeframes, from -0.04 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMQFX vs. LDRAX — Risk / Return Rank
SMQFX
LDRAX
SMQFX vs. LDRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Emerging Markets Equity Fund (SMQFX) and SEI Institutional Investments Trust Long Duration Fund (LDRAX). 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.
| SMQFX | LDRAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.82 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.16 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 1.36 | +3.14 |
| Martin ratioReturn relative to average drawdown | 18.04 | 3.42 | +14.62 |
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
| SMQFX | LDRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.73 | 0.91 | +2.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | -0.25 | +0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.13 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.13 | +0.43 |
Drawdowns
SMQFX vs. LDRAX - Drawdown Comparison
The maximum SMQFX drawdown since its inception was -40.14%, which is greater than LDRAX's maximum drawdown of -37.23%. Use the drawdown chart below to compare losses from any high point for SMQFX and LDRAX.
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Drawdown Indicators
| SMQFX | LDRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -37.23% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.62% | -5.34% | -8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -14.49% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -36.37% | -36.35% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -37.23% | -2.91% |
Current DrawdownCurrent decline from peak | 0.00% | -22.37% | +22.37% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -12.39% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.12% | +1.28% |
Volatility
SMQFX vs. LDRAX - Volatility Comparison
SEI Institutional Investments Trust Emerging Markets Equity Fund (SMQFX) has a higher volatility of 6.94% compared to SEI Institutional Investments Trust Long Duration Fund (LDRAX) at 2.65%. This indicates that SMQFX's price experiences larger fluctuations and is considered to be riskier than LDRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMQFX | LDRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 2.65% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 5.70% | +8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.49% | 8.06% | +8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.77% | 12.54% | +5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 11.39% | +5.53% |
SMQFX vs. LDRAX - Expense Ratio Comparison
SMQFX has a 0.59% expense ratio, which is higher than LDRAX's 0.14% expense ratio.
Dividends
SMQFX vs. LDRAX - Dividend Comparison
SMQFX's dividend yield for the trailing twelve months is around 23.84%, more than LDRAX's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDRAX SEI Institutional Investments Trust Long Duration Fund | 5.15% | 5.04% | 4.62% | 3.42% | 3.23% | 4.30% | 12.32% | 8.60% | 4.80% | 4.46% | 6.21% | 9.23% |
SMQFX SEI Institutional Investments Trust Emerging Markets Equity Fund | 23.84% | 30.23% | 6.43% | 3.24% | 5.32% | 17.70% | 1.80% | 1.89% | 11.55% | 2.70% | 2.15% | 1.69% |
Frequently Asked Questions
SMQFX and LDRAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMQFX has higher volatility (6.94%) compared to LDRAX (2.65%). In terms of maximum drawdown, SMQFX dropped -40.14% vs LDRAX's -37.23%.
SMQFX currently has the higher Sharpe Ratio (3.73 vs 0.91), 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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