SSPIX vs. FCNTX
Compare and contrast key facts about SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) and Fidelity Contrafund Fund (FCNTX).
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. FCNTX is managed by Fidelity. It was launched on May 17, 1967.
Performance
SSPIX vs. FCNTX - Performance Comparison
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SSPIX vs. FCNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FCNTX Fidelity Contrafund Fund | -5.35% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Returns By Period
In the year-to-date period, SSPIX achieves a -4.43% return, which is significantly higher than FCNTX's -5.35% return. Over the past 10 years, SSPIX has underperformed FCNTX with an annualized return of 13.69%, while FCNTX has yielded a comparatively higher 16.03% 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%
FCNTX
- 1D
- 3.52%
- 1M
- -5.86%
- YTD
- -5.35%
- 6M
- -2.60%
- 1Y
- 19.23%
- 3Y*
- 24.91%
- 5Y*
- 13.21%
- 10Y*
- 16.03%
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SSPIX vs. FCNTX - Expense Ratio Comparison
SSPIX has a 0.25% expense ratio, which is lower than FCNTX's 0.39% expense ratio.
Return for Risk
SSPIX vs. FCNTX — Risk / Return Rank
SSPIX
FCNTX
SSPIX vs. FCNTX - 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 Fidelity Contrafund Fund (FCNTX). 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.
| SSPIX | FCNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.01 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.56 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.79 | -0.31 |
Martin ratioReturn relative to average drawdown | 7.08 | 6.87 | +0.21 |
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
| SSPIX | FCNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.01 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.69 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.82 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.76 | -0.28 |
Correlation
The correlation between SSPIX and FCNTX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SSPIX vs. FCNTX - Dividend Comparison
SSPIX's dividend yield for the trailing twelve months is around 9.32%, more than FCNTX's 4.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FCNTX Fidelity Contrafund Fund | 4.93% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
Drawdowns
SSPIX vs. FCNTX - Drawdown Comparison
The maximum SSPIX drawdown since its inception was -55.66%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for SSPIX and FCNTX.
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Drawdown Indicators
| SSPIX | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.66% | -49.19% | -6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.14% | -11.30% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -32.59% | +6.94% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | -32.59% | -1.23% |
Current DrawdownCurrent decline from peak | -6.30% | -8.18% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -10.56% | -8.18% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.95% | -0.41% |
Volatility
SSPIX vs. FCNTX - Volatility Comparison
The current volatility for SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) is 5.34%, while Fidelity Contrafund Fund (FCNTX) has a volatility of 6.51%. This indicates that SSPIX experiences smaller price fluctuations and is considered to be less risky than FCNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSPIX | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 6.51% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 11.12% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.33% | 19.95% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 19.19% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 19.64% | -0.77% |