SRAAX vs. FFNYX

Last updated Jun 26, 2026

SRAAX (SEI Institutional Managed Trust Real Return Fund) and FFNYX (Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund) are both Inflation-Protected Bonds funds. Their correlation of 0.88 suggests significant overlap in exposure. SRAAX charges 0.45%/yr vs 0.05%/yr for FFNYX.

Performance

SRAAX vs. FFNYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Real Return Fund (SRAAX) and Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SRAAX

• 1D: 0.10%
• 1M: -0.51%
• YTD: 0.96%
• 6M: 1.05%
• 1Y: 2.93%
• 3Y*: 4.56%
• 5Y*: 2.95%
• 10Y*: 2.73%

FFNYX

• 1D: 0.10%
• 1M: -0.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SRAAX vs. FFNYX - Yearly Performance Comparison

	2026 (YTD)
SRAAX SEI Institutional Managed Trust Real Return Fund	0.14%
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.34%

Correlation

The correlation between SRAAX and FFNYX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.88

Return for Risk

SRAAX vs. FFNYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SRAAX

SRAAX Risk / Return Rank: 60
SRAAX Sharpe Ratio Rank: 47
SRAAX Sortino Ratio Rank: 52
SRAAX Omega Ratio Rank: 58
SRAAX Calmar Ratio Rank: 78
SRAAX Martin Ratio Rank: 64

FFNYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SRAAX vs. FFNYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Real Return Fund (SRAAX) and Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund (FFNYX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SRAAX	FFNYX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	—	—
Sortino ratio: Return per unit of downside risk	2.44	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.02	—	—
Martin ratio: Return relative to average drawdown	10.36	—	—

Drawdowns

SRAAX vs. FFNYX - Drawdown Comparison

The maximum SRAAX drawdown since its inception was -6.72%, which is greater than FFNYX's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for SRAAX and FFNYX.

Drawdown Indicators

	SRAAX	FFNYX	Difference
Max Drawdown Largest peak-to-trough decline	-6.72%	-0.78%	-5.94%
Max Drawdown (1Y) Largest decline over 1 year	-1.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-6.72%	—	—
Current Drawdown Current decline from peak	-0.91%	-0.69%	-0.22%
Average Drawdown Average peak-to-trough decline	-1.61%	-0.23%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	—	—

Volatility

Volatility by Period

	SRAAX	FFNYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.88%	1.98%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.32%	1.98%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.76%	1.98%	+0.78%

SRAAX vs. FFNYX - Expense Ratio Comparison

SRAAX has a 0.45% expense ratio, which is higher than FFNYX's 0.05% expense ratio.

Dividends

SRAAX vs. FFNYX - Dividend Comparison

SRAAX's dividend yield for the trailing twelve months is around 3.51%, more than FFNYX's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFNYX Fidelity SAI 0-5 Year Inflation-Protected Bond Index Fund	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SRAAX SEI Institutional Managed Trust Real Return Fund	3.51%	4.25%	3.35%	2.58%	7.65%	6.49%	0.56%	1.75%	2.63%	1.12%

Frequently Asked Questions

Can I hold both SRAAX and FFNYX in my portfolio?

SRAAX and FFNYX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.