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SSPIX vs. BDMIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SSPIX vs. BDMIX

Last updated Apr 2, 2026

Compare and contrast key facts about SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).

SSPIX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Feb 28, 1996. BDMIX is managed by BlackRock. It was launched on Dec 20, 2012.

Performance

SSPIX vs. BDMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). The values are adjusted to include any dividend payments, if applicable.

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SSPIX vs. BDMIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SSPIX
SEI Institutional Managed Trust S&P 500 Index Fund		-4.43%17.44%24.60%26.00%-18.52%28.56%18.13%31.25%-4.61%20.83%
BDMIX
BlackRock Global Long/Short Equity Fund Class I		4.32%18.30%21.39%14.55%1.80%3.34%0.29%-0.85%2.20%12.85%

Returns By Period

In the year-to-date period, SSPIX achieves a -4.43% return, which is significantly lower than BDMIX's 4.32% return. Over the past 10 years, SSPIX has outperformed BDMIX with an annualized return of 13.69%, while BDMIX has yielded a comparatively lower 7.29% annualized return.

SSPIX

1D
2.93%
1M
-5.04%
YTD
-4.43%
6M
-2.38%
1Y
16.90%
3Y*
17.93%
5Y*
11.44%
10Y*
13.69%

BDMIX

1D
0.73%
1M
1.60%
YTD
4.32%
6M
8.75%
1Y
17.17%
3Y*
18.86%
5Y*
11.38%
10Y*
7.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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SEI Institutional Managed Trust S&P 500 Index Fund

BlackRock Global Long/Short Equity Fund Class I

Often compared with SSPIX:
SSPIX vs. FCNTXSSPIX vs. GRISXSSPIX vs. FXAIXSSPIX vs. VOOSSPIX vs. VTSSPIX vs. VTISSPIX vs. VTSAX
Often compared with BDMIX:
BDMIX vs. VMNFXBDMIX vs. SPYBDMIX vs. QAMNXBDMIX vs. FFSIXBDMIX vs. VOOBDMIX vs. CMNIXBDMIX vs. AGG

SSPIX vs. BDMIX - Expense Ratio Comparison

SSPIX has a 0.25% expense ratio, which is lower than BDMIX's 1.57% expense ratio.

BDMIX
BlackRock Global Long/Short Equity Fund Class I
SSPIX
SEI Institutional Managed Trust S&P 500 Index Fund

Return for Risk

SSPIX vs. BDMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SSPIX
SSPIX Risk / Return Rank: 5555
Overall Rank
SSPIX Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
SSPIX Sortino Ratio Rank: 4848
Sortino Ratio Rank
SSPIX Omega Ratio Rank: 5252
Omega Ratio Rank
SSPIX Calmar Ratio Rank: 5959
Calmar Ratio Rank
SSPIX Martin Ratio Rank: 7171
Martin Ratio Rank
BDMIX
BDMIX Risk / Return Rank: 9696
Overall Rank
BDMIX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BDMIX Sortino Ratio Rank: 9797
Sortino Ratio Rank
BDMIX Omega Ratio Rank: 9393
Omega Ratio Rank
BDMIX Calmar Ratio Rank: 9898
Calmar Ratio Rank
BDMIX Martin Ratio Rank: 9696
Martin Ratio Rank
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.

SSPIX vs. BDMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). 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.

SSPIXBDMIXDifference

Sharpe ratio

Return per unit of total volatility

0.95

2.55

-1.60

Sortino ratio

Return per unit of downside risk

1.46

3.73

-2.27

Omega ratio

Gain probability vs. loss probability

1.22

1.48

-0.25

Calmar ratio

Return relative to maximum drawdown

1.48

5.14

-3.65

Martin ratio

Return relative to average drawdown

7.08

14.25

-7.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSPIX vs. BDMIX - Sharpe Ratio Comparison

The current SSPIX Sharpe Ratio is 0.95, which is lower than the BDMIX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of SSPIX and BDMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SSPIXBDMIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.95

2.55

-1.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

1.76

-1.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

1.27

-0.54

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

1.15

-0.67

Correlation

The correlation between SSPIX and BDMIX is 0.11, 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

SSPIX vs. BDMIX - Dividend Comparison

SSPIX's dividend yield for the trailing twelve months is around 9.32%, more than BDMIX's 8.56% yield.

TTM20252024202320222021202020192018201720162015
SSPIX
SEI Institutional Managed Trust S&P 500 Index Fund		9.32%8.91%12.73%4.51%10.84%7.47%6.18%4.46%4.37%1.96%4.62%1.77%
BDMIX
BlackRock Global Long/Short Equity Fund Class I		8.56%8.94%13.26%7.42%0.00%1.23%0.30%6.78%0.94%0.00%0.00%1.86%

Drawdowns

SSPIX vs. BDMIX - Drawdown Comparison

The maximum SSPIX drawdown since its inception was -55.66%, which is greater than BDMIX's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for SSPIX and BDMIX.

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Drawdown Indicators

SSPIXBDMIXDifference

Max Drawdown

Largest peak-to-trough decline

-55.66%

-11.89%

-43.77%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-3.60%

-8.54%

Max Drawdown (5Y)

Largest decline over 5 years

-25.65%

-7.45%

-18.20%

Max Drawdown (10Y)

Largest decline over 10 years

-33.82%

-9.44%

-24.38%

Current Drawdown

Current decline from peak

-6.30%

-0.13%

-6.17%

Average Drawdown

Average peak-to-trough decline

-10.56%

-2.71%

-7.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.54%

1.30%

+1.24%

Volatility

SSPIX vs. BDMIX - Volatility Comparison

SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) has a higher volatility of 5.34% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 1.72%. This indicates that SSPIX's price experiences larger fluctuations and is considered to be riskier than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SSPIXBDMIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.34%

1.72%

+3.62%

Volatility (6M)

Calculated over the trailing 6-month period

9.55%

4.78%

+4.77%

Volatility (1Y)

Calculated over the trailing 1-year period

18.33%

6.93%

+11.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.47%

6.51%

+11.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.87%

5.77%

+13.10%