SRAAX vs. IBRIX
SRAAX (SEI Institutional Managed Trust Real Return Fund) and IBRIX (VY BlackRock Inflation Protected Bond Portfolio) are both Inflation-Protected Bonds funds. Over the past 10 years, SRAAX returned 2.75%/yr vs 2.55%/yr for IBRIX. A 0.71 correlation means they provide meaningful diversification when combined. SRAAX charges 0.45%/yr vs 0.58%/yr for IBRIX.
Performance
SRAAX vs. IBRIX - Performance Comparison
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Returns By Period
In the year-to-date period, SRAAX achieves a 1.06% return, which is significantly lower than IBRIX's 1.99% return. Over the past 10 years, SRAAX has outperformed IBRIX with an annualized return of 2.75%, while IBRIX has yielded a comparatively lower 2.55% annualized return.
SRAAX
- 1D
- 0.10%
- 1M
- -0.10%
- YTD
- 1.06%
- 6M
- 1.16%
- 1Y
- 3.14%
- 3Y*
- 4.59%
- 5Y*
- 3.05%
- 10Y*
- 2.75%
IBRIX
- 1D
- 0.43%
- 1M
- 0.22%
- YTD
- 1.99%
- 6M
- 2.12%
- 1Y
- 4.57%
- 3Y*
- 3.95%
- 5Y*
- 1.00%
- 10Y*
- 2.55%
SRAAX vs. IBRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRAAX SEI Institutional Managed Trust Real Return Fund | 1.06% | 6.05% | 4.05% | 4.07% | -4.43% | 6.98% | 5.08% | 4.59% | -0.03% | 0.42% |
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 1.99% | 6.11% | 2.09% | 4.30% | -12.63% | 5.25% | 11.04% | 8.32% | -1.75% | 2.71% |
Correlation
The correlation between SRAAX and IBRIX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009 | 0.71 |
The correlation between SRAAX and IBRIX shifts across timeframes, from 0.63 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SRAAX vs. IBRIX — Risk / Return Rank
SRAAX
IBRIX
SRAAX vs. IBRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Real Return Fund (SRAAX) and VY BlackRock Inflation Protected Bond Portfolio (IBRIX). 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 | IBRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 1.05 | +2.65 |
| Martin ratioReturn relative to average drawdown | 12.28 | 5.81 | +6.47 |
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Drawdowns
SRAAX vs. IBRIX - Drawdown Comparison
The maximum SRAAX drawdown since its inception was -6.72%, smaller than the maximum IBRIX drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for SRAAX and IBRIX.
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Drawdown Indicators
| SRAAX | IBRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.72% | -15.82% | +9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | -4.81% | +3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -1.53% | -5.68% | +4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -6.72% | -15.82% | +9.10% |
Max Drawdown (10Y)Largest decline over 10 years | -6.72% | -15.82% | +9.10% |
Current DrawdownCurrent decline from peak | -0.81% | -0.54% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -4.11% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.83% | -0.56% |
Volatility
SRAAX vs. IBRIX - Volatility Comparison
The current volatility for SEI Institutional Managed Trust Real Return Fund (SRAAX) is 0.84%, while VY BlackRock Inflation Protected Bond Portfolio (IBRIX) has a volatility of 1.25%. This indicates that SRAAX experiences smaller price fluctuations and is considered to be less risky than IBRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRAAX | IBRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.25% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 7.34% | -5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.88% | 8.13% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 7.07% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.76% | 5.93% | -3.17% |
SRAAX vs. IBRIX - Expense Ratio Comparison
SRAAX has a 0.45% expense ratio, which is lower than IBRIX's 0.58% expense ratio.
Dividends
SRAAX vs. IBRIX - Dividend Comparison
SRAAX's dividend yield for the trailing twelve months is around 3.51%, less than IBRIX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBRIX VY BlackRock Inflation Protected Bond Portfolio | 3.84% | 3.31% | 3.87% | 3.55% | 4.96% | 2.68% | 1.70% | 2.38% | 2.51% | 1.52% | 0.00% | 1.41% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
SRAAX and IBRIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBRIX has higher volatility (1.25%) compared to SRAAX (0.84%). In terms of maximum drawdown, SRAAX dropped -6.72% vs IBRIX's -15.82%.
SRAAX currently has the higher Sharpe Ratio (1.80 vs 0.62), 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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