SPINX vs. SUMAX
Compare and contrast key facts about SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) and SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX).
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. SUMAX is managed by SEI. It was launched on Nov 12, 2003.
Performance
SPINX vs. SUMAX - Performance Comparison
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SPINX vs. SUMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | -4.36% | 17.89% | 24.02% | 26.24% | -18.27% | 28.62% | 18.35% | 31.42% | -4.46% | 21.74% |
SUMAX SEI Tax Exempt Trust Short Duration Municipal Fund | 0.24% | 4.38% | 2.49% | 3.22% | -2.08% | -0.01% | 1.77% | 2.28% | 1.09% | 0.88% |
Returns By Period
In the year-to-date period, SPINX achieves a -4.36% return, which is significantly lower than SUMAX's 0.24% return. Over the past 10 years, SPINX has outperformed SUMAX with an annualized return of 13.92%, while SUMAX has yielded a comparatively lower 1.37% annualized return.
SPINX
- 1D
- 2.94%
- 1M
- -5.04%
- YTD
- -4.36%
- 6M
- -2.09%
- 1Y
- 17.35%
- 3Y*
- 17.98%
- 5Y*
- 11.54%
- 10Y*
- 13.92%
SUMAX
- 1D
- 0.10%
- 1M
- -0.60%
- YTD
- 0.24%
- 6M
- 0.84%
- 1Y
- 2.90%
- 3Y*
- 3.04%
- 5Y*
- 1.61%
- 10Y*
- 1.37%
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SPINX vs. SUMAX - Expense Ratio Comparison
SPINX has a 0.12% expense ratio, which is lower than SUMAX's 0.63% expense ratio.
Return for Risk
SPINX vs. SUMAX — Risk / Return Rank
SPINX
SUMAX
SPINX vs. SUMAX - 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 Short Duration Municipal Fund (SUMAX). 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 | SUMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 2.08 | -1.10 |
Sortino ratioReturn per unit of downside risk | 1.49 | 3.35 | -1.86 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.85 | -0.62 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.81 | -1.28 |
Martin ratioReturn relative to average drawdown | 7.30 | 12.45 | -5.14 |
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 | SUMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.08 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.18 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 1.13 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.54 | -0.89 |
Correlation
The correlation between SPINX and SUMAX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPINX vs. SUMAX - Dividend Comparison
SPINX's dividend yield for the trailing twelve months is around 12.44%, more than SUMAX's 2.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPINX SEI Institutional Investments Trust S&P 500 Index Fund | 12.44% | 11.90% | 26.02% | 9.77% | 9.59% | 6.58% | 3.58% | 3.01% | 4.94% | 2.32% | 1.97% | 2.29% |
SUMAX SEI Tax Exempt Trust Short Duration Municipal Fund | 2.56% | 3.37% | 2.36% | 1.73% | 0.71% | 0.58% | 1.06% | 1.45% | 1.08% | 0.67% | 0.39% | 0.79% |
Drawdowns
SPINX vs. SUMAX - Drawdown Comparison
The maximum SPINX drawdown since its inception was -33.82%, which is greater than SUMAX's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for SPINX and SUMAX.
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Drawdown Indicators
| SPINX | SUMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -3.70% | -30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -1.20% | -10.91% |
Max Drawdown (5Y)Largest decline over 5 years | -32.91% | -3.70% | -29.21% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | -3.70% | -30.12% |
Current DrawdownCurrent decline from peak | -11.03% | -0.69% | -10.34% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -0.26% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 0.27% | +2.26% |
Volatility
SPINX vs. SUMAX - Volatility Comparison
SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) has a higher volatility of 5.36% compared to SEI Tax Exempt Trust Short Duration Municipal Fund (SUMAX) at 0.29%. This indicates that SPINX's price experiences larger fluctuations and is considered to be riskier than SUMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPINX | SUMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 0.29% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 0.77% | +8.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 1.49% | +16.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 1.37% | +21.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 1.22% | +19.72% |