SPIIX vs. SEPAX
Compare and contrast key facts about SEI S&P 500 Index Fund Class I (SPIIX) and SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX).
SPIIX is a passively managed fund by SEI that tracks the performance of the S&P 500 Index. It was launched on Jun 28, 2002. SEPAX is managed by SEI. It was launched on Aug 25, 1998.
Performance
SPIIX vs. SEPAX - Performance Comparison
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SPIIX vs. SEPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPIIX SEI S&P 500 Index Fund Class I | -7.22% | 16.97% | 24.11% | 25.49% | -18.84% | 28.04% | 17.66% | 30.72% | -5.00% | 21.06% |
SEPAX SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund | -0.88% | 5.63% | 0.31% | 3.67% | -7.33% | -0.13% | 4.65% | 6.79% | 0.83% | 3.99% |
Returns By Period
In the year-to-date period, SPIIX achieves a -7.22% return, which is significantly lower than SEPAX's -0.88% return. Over the past 10 years, SPIIX has outperformed SEPAX with an annualized return of 12.99%, while SEPAX has yielded a comparatively lower 1.44% annualized return.
SPIIX
- 1D
- -0.40%
- 1M
- -7.73%
- YTD
- -7.22%
- 6M
- -5.00%
- 1Y
- 13.56%
- 3Y*
- 16.34%
- 5Y*
- 10.62%
- 10Y*
- 12.99%
SEPAX
- 1D
- 0.10%
- 1M
- -2.53%
- YTD
- -0.88%
- 6M
- 0.26%
- 1Y
- 3.84%
- 3Y*
- 2.24%
- 5Y*
- 0.35%
- 10Y*
- 1.44%
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SPIIX vs. SEPAX - Expense Ratio Comparison
SPIIX has a 0.65% expense ratio, which is higher than SEPAX's 0.63% expense ratio.
Return for Risk
SPIIX vs. SEPAX — Risk / Return Rank
SPIIX
SEPAX
SPIIX vs. SEPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI S&P 500 Index Fund Class I (SPIIX) and SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX). 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.
| SPIIX | SEPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.38 | -0.60 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.82 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.40 | -0.42 |
Martin ratioReturn relative to average drawdown | 4.73 | 5.71 | -0.98 |
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
| SPIIX | SEPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.38 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.13 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.42 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.02 | -0.49 |
Correlation
The correlation between SPIIX and SEPAX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SPIIX vs. SEPAX - Dividend Comparison
SPIIX's dividend yield for the trailing twelve months is around 9.08%, more than SEPAX's 2.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIIX SEI S&P 500 Index Fund Class I | 9.08% | 8.42% | 12.20% | 4.10% | 10.27% | 7.03% | 5.78% | 4.04% | 3.90% | 2.08% | 4.34% | 1.53% |
SEPAX SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund | 2.22% | 2.83% | 1.86% | 1.45% | 1.20% | 1.66% | 2.04% | 2.22% | 1.93% | 1.84% | 1.96% | 1.87% |
Drawdowns
SPIIX vs. SEPAX - Drawdown Comparison
The maximum SPIIX drawdown since its inception was -55.78%, which is greater than SEPAX's maximum drawdown of -11.49%. Use the drawdown chart below to compare losses from any high point for SPIIX and SEPAX.
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Drawdown Indicators
| SPIIX | SEPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.78% | -11.49% | -44.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.14% | -3.29% | -8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -11.49% | -14.21% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -11.49% | -22.36% |
Current DrawdownCurrent decline from peak | -9.02% | -2.53% | -6.49% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -1.67% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 0.81% | +1.71% |
Volatility
SPIIX vs. SEPAX - Volatility Comparison
SEI S&P 500 Index Fund Class I (SPIIX) has a higher volatility of 4.24% compared to SEI Tax-Exempt Trust Pennsylvania Municipal Bond Fund (SEPAX) at 0.94%. This indicates that SPIIX's price experiences larger fluctuations and is considered to be riskier than SEPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPIIX | SEPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 0.94% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 1.36% | +7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 3.27% | +14.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 2.80% | +15.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 3.46% | +15.38% |