SMXAX vs. SEITX
SMXAX (SEI Institutional Investments Trust Extended Market Index Fund) and SEITX (SEI Institutional International Trust International Equity Fund) are both mutual funds - SMXAX is a Mid Cap Growth Equities fund managed by SEI, while SEITX is a Foreign Large Cap Equities fund managed by SEI. Over the past 10 years, SMXAX returned 12.38%/yr vs 9.76%/yr for SEITX. A 0.65 correlation means they provide meaningful diversification when combined. SMXAX charges 0.19%/yr vs 1.08%/yr for SEITX.
Performance
SMXAX vs. SEITX - Performance Comparison
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Returns By Period
In the year-to-date period, SMXAX achieves a 14.20% return, which is significantly higher than SEITX's 10.73% return. Over the past 10 years, SMXAX has outperformed SEITX with an annualized return of 12.38%, while SEITX has yielded a comparatively lower 9.76% annualized return.
SMXAX
- 1D
- 0.99%
- 1M
- 5.71%
- YTD
- 14.20%
- 6M
- 13.10%
- 1Y
- 29.94%
- 3Y*
- 19.88%
- 5Y*
- 7.13%
- 10Y*
- 12.38%
SEITX
- 1D
- 0.42%
- 1M
- 3.84%
- YTD
- 10.73%
- 6M
- 13.37%
- 1Y
- 26.36%
- 3Y*
- 20.19%
- 5Y*
- 9.73%
- 10Y*
- 9.76%
SMXAX vs. SEITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMXAX SEI Institutional Investments Trust Extended Market Index Fund | 14.20% | 12.61% | 16.45% | 24.55% | -25.39% | 12.19% | 32.92% | 27.93% | -9.08% | 18.23% |
SEITX SEI Institutional International Trust International Equity Fund | 10.73% | 36.91% | 6.71% | 18.14% | -15.97% | 10.09% | 11.37% | 22.42% | -16.71% | 26.66% |
Correlation
The correlation between SMXAX and SEITX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2013 | 0.65 |
The correlation between SMXAX and SEITX has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
SMXAX vs. SEITX — Risk / Return Rank
SMXAX
SEITX
SMXAX vs. SEITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Extended Market Index Fund (SMXAX) and SEI Institutional International Trust International Equity Fund (SEITX). 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.
| SMXAX | SEITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.37 | +0.82 |
| Martin ratioReturn relative to average drawdown | 11.59 | 8.82 | +2.77 |
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
| SMXAX | SEITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.91 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.62 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.60 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.28 | +0.28 |
Drawdowns
SMXAX vs. SEITX - Drawdown Comparison
The maximum SMXAX drawdown since its inception was -41.48%, smaller than the maximum SEITX drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for SMXAX and SEITX.
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Drawdown Indicators
| SMXAX | SEITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.48% | -66.98% | +25.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -11.23% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | -14.42% | -12.30% |
Max Drawdown (5Y)Largest decline over 5 years | -35.28% | -30.60% | -4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -41.48% | -38.19% | -3.29% |
Current DrawdownCurrent decline from peak | 0.00% | -0.55% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -17.83% | +9.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.97% | -0.22% |
Volatility
SMXAX vs. SEITX - Volatility Comparison
SEI Institutional Investments Trust Extended Market Index Fund (SMXAX) has a higher volatility of 4.72% compared to SEI Institutional International Trust International Equity Fund (SEITX) at 3.94%. This indicates that SMXAX's price experiences larger fluctuations and is considered to be riskier than SEITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMXAX | SEITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 3.94% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 11.24% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.88% | 14.05% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.17% | 15.96% | +6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.34% | 16.50% | +5.84% |
SMXAX vs. SEITX - Expense Ratio Comparison
SMXAX has a 0.19% expense ratio, which is lower than SEITX's 1.08% expense ratio.
Dividends
SMXAX vs. SEITX - Dividend Comparison
SMXAX's dividend yield for the trailing twelve months is around 9.66%, less than SEITX's 15.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEITX SEI Institutional International Trust International Equity Fund | 15.17% | 16.80% | 12.15% | 2.04% | 1.82% | 14.32% | 0.98% | 1.73% | 1.60% | 1.30% | 1.17% | 1.01% |
SMXAX SEI Institutional Investments Trust Extended Market Index Fund | 9.66% | 10.96% | 12.66% | 1.72% | 4.38% | 18.92% | 2.78% | 3.98% | 6.49% | 5.19% | 3.44% | 4.87% |
Frequently Asked Questions
SMXAX and SEITX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMXAX has higher volatility (4.72%) compared to SEITX (3.94%). In terms of maximum drawdown, SMXAX dropped -41.48% vs SEITX's -66.98%.
SEITX currently has the higher Sharpe Ratio (1.91 vs 1.89), 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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