SPINX vs. SBDAX
Compare and contrast key facts about SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) and SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX).
SPINX is a passively managed fund by SEI that tracks the performance of the S&P 500 Index. It was launched on Dec 18, 2013. SBDAX is managed by SEI. It was launched on Aug 18, 1998.
Performance
SPINX vs. SBDAX - Performance Comparison
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SPINX vs. SBDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | -7.09% | 17.89% | 24.02% | 26.24% | -18.27% | 28.62% | 18.35% | 31.42% | -4.46% | 21.74% |
SBDAX SEI Tax Exempt Trust California Municipal Bond Fund | -1.28% | 5.70% | 0.02% | 4.02% | -7.30% | -0.55% | 3.76% | 5.90% | 0.87% | 3.74% |
Returns By Period
In the year-to-date period, SPINX achieves a -7.09% return, which is significantly lower than SBDAX's -1.28% return. Over the past 10 years, SPINX has outperformed SBDAX with an annualized return of 13.59%, while SBDAX has yielded a comparatively lower 1.13% annualized return.
SPINX
- 1D
- -0.41%
- 1M
- -7.71%
- YTD
- -7.09%
- 6M
- -4.55%
- 1Y
- 14.42%
- 3Y*
- 16.85%
- 5Y*
- 11.17%
- 10Y*
- 13.59%
SBDAX
- 1D
- 0.10%
- 1M
- -3.31%
- YTD
- -1.28%
- 6M
- 0.04%
- 1Y
- 4.02%
- 3Y*
- 2.06%
- 5Y*
- 0.20%
- 10Y*
- 1.13%
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SPINX vs. SBDAX - Expense Ratio Comparison
SPINX has a 0.12% expense ratio, which is lower than SBDAX's 0.60% expense ratio.
Return for Risk
SPINX vs. SBDAX — Risk / Return Rank
SPINX
SBDAX
SPINX vs. SBDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) and SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX). 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.
| SPINX | SBDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.22 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.58 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.27 | -0.22 |
Martin ratioReturn relative to average drawdown | 5.13 | 4.49 | +0.64 |
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
| SPINX | SBDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.22 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.06 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.32 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.97 | -0.33 |
Correlation
The correlation between SPINX and SBDAX is -0.05. 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
SPINX vs. SBDAX - Dividend Comparison
SPINX's dividend yield for the trailing twelve months is around 12.81%, more than SBDAX's 2.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | 12.81% | 11.90% | 26.02% | 9.77% | 9.59% | 6.58% | 3.58% | 3.01% | 4.94% | 2.32% | 1.97% | 2.29% |
SBDAX SEI Tax Exempt Trust California Municipal Bond Fund | 2.16% | 2.74% | 1.78% | 1.26% | 1.38% | 1.35% | 1.87% | 2.21% | 1.98% | 1.99% | 2.23% | 2.79% |
Drawdowns
SPINX vs. SBDAX - Drawdown Comparison
The maximum SPINX drawdown since its inception was -33.82%, which is greater than SBDAX's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for SPINX and SBDAX.
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Drawdown Indicators
| SPINX | SBDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -11.86% | -21.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -3.74% | -8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -32.91% | -11.86% | -21.05% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | -11.86% | -21.96% |
Current DrawdownCurrent decline from peak | -13.57% | -3.31% | -10.26% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -1.86% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.06% | +1.44% |
Volatility
SPINX vs. SBDAX - Volatility Comparison
SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) has a higher volatility of 4.25% compared to SEI Tax Exempt Trust California Municipal Bond Fund (SBDAX) at 1.13%. This indicates that SPINX's price experiences larger fluctuations and is considered to be riskier than SBDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPINX | SBDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 1.13% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 1.65% | +7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.15% | 3.75% | +14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.47% | 3.16% | +19.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 3.55% | +17.37% |