SSPIX vs. FIDSX

Last updated Aug 5, 2026

SSPIX (SEI Institutional Managed Trust S&P 500 Index Fund) and FIDSX (Fidelity Select Financial Services Portfolio) are both mutual funds - SSPIX is a S&P 500 fund tracking the S&P 500 Index, while FIDSX is a Financials Equities fund managed by BlackRock. Over the past 10 years, SSPIX returned 14.80%/yr vs 13.85%/yr for FIDSX. Their correlation of 0.81 means they have usually moved in the same direction. SSPIX charges 0.25%/yr vs 0.73%/yr for FIDSX.

Performance

SSPIX vs. FIDSX - 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 Fidelity Select Financial Services Portfolio (FIDSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SSPIX having a 11.52% return and FIDSX slightly lower at 11.15%. Over the past 10 years, SSPIX has outperformed FIDSX with an annualized return of 14.80%, while FIDSX has yielded a comparatively lower 13.85% annualized return.

SSPIX

• 1D: 1.49%
• 1M: 1.61%
• 6M: 10.33%
• YTD: 11.52%
• 1Y: 21.01%
• 3Y*: 20.48%
• 5Y*: 12.78%
• 10Y*: 14.80%
• ALL TIME*: 9.76%

FIDSX

• 1D: 1.10%
• 1M: 4.36%
• 6M: 10.66%
• YTD: 11.15%
• 1Y: 13.64%
• 3Y*: 21.32%
• 5Y*: 12.64%
• 10Y*: 13.85%
• ALL TIME*: 11.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIDSX Fidelity Select Financial Services Portfolio	$0.00	$0.00	$0.00
SSPIX SEI Institutional Managed Trust S&P 500 Index Fund	$0.00	$0.00	$0.00

SSPIX vs. FIDSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSPIX SEI Institutional Managed Trust S&P 500 Index Fund	11.52%	17.44%	24.60%	26.00%	-18.52%	28.56%	18.13%	31.25%	-4.61%	20.83%
FIDSX Fidelity Select Financial Services Portfolio	11.15%	9.33%	32.82%	14.53%	-8.19%	33.13%	1.22%	34.25%	-16.13%	20.92%

Correlation

The correlation between SSPIX and FIDSX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997	0.81

Over the past year, the correlation between SSPIX and FIDSX has dropped to 0.53 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

SSPIX vs. FIDSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SSPIX

SSPIX Risk / Return Rank: 71
SSPIX Sharpe Ratio Rank: 71
SSPIX Sortino Ratio Rank: 66
SSPIX Omega Ratio Rank: 65
SSPIX Calmar Ratio Rank: 72
SSPIX Martin Ratio Rank: 82

FIDSX

FIDSX Risk / Return Rank: 20
FIDSX Sharpe Ratio Rank: 23
FIDSX Sortino Ratio Rank: 21
FIDSX Omega Ratio Rank: 24
FIDSX Calmar Ratio Rank: 18
FIDSX Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSPIX vs. FIDSX - 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 Select Financial Services Portfolio (FIDSX). 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.

	SSPIX	FIDSX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	0.89	+0.90
Sortino ratio: Return per unit of downside risk	2.47	1.25	+1.21
Omega ratio: Gain probability vs. loss probability	1.32	1.17	+0.15
Calmar ratio: Return relative to maximum drawdown	2.57	0.92	+1.65
Martin ratio: Return relative to average drawdown	10.95	2.22	+8.74

SSPIX vs. FIDSX - Sharpe Ratio Comparison

The current SSPIX Sharpe Ratio is 1.79, which is higher than the FIDSX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of SSPIX and FIDSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSPIX vs. FIDSX - Drawdown Comparison

The maximum SSPIX drawdown since its inception was -55.66%, smaller than the maximum FIDSX drawdown of -74.26%. Use the drawdown chart below to compare losses from any high point for SSPIX and FIDSX.

Drawdown Indicators

	SSPIX	FIDSX	Difference
Max Drawdown Largest peak-to-trough decline	-55.66%	-74.26%	+18.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-16.60%	+7.64%
Max Drawdown (3Y) Largest decline over 3 years	-25.65%	-19.44%	-6.21%
Max Drawdown (5Y) Largest decline over 5 years	-25.65%	-24.49%	-1.16%
Max Drawdown (10Y) Largest decline over 10 years	-33.82%	-45.48%	+11.66%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.45%	-13.91%	+3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	6.86%	-4.77%

Volatility

SSPIX vs. FIDSX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) is 3.81%, while Fidelity Select Financial Services Portfolio (FIDSX) has a volatility of 4.52%. This indicates that SSPIX experiences smaller price fluctuations and is considered to be less risky than FIDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSPIX	FIDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	4.52%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	12.25%	-2.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	17.12%	-4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.58%	20.65%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	23.66%	-4.76%

SSPIX vs. FIDSX - Expense Ratio Comparison

SSPIX has a 0.25% expense ratio, which is lower than FIDSX's 0.73% expense ratio.

Dividends

SSPIX vs. FIDSX - Dividend Comparison

SSPIX's dividend yield for the trailing twelve months is around 8.01%, more than FIDSX's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDSX Fidelity Select Financial Services Portfolio	1.30%	1.70%	6.03%	3.01%	11.32%	4.12%	5.86%	5.57%	12.89%	4.22%	1.00%	0.70%
SSPIX SEI Institutional Managed Trust S&P 500 Index Fund	8.01%	8.91%	12.73%	4.51%	10.84%	7.47%	6.18%	4.46%	4.37%	1.96%	4.62%	1.77%

Frequently Asked Questions

Can I hold both SSPIX and FIDSX in my portfolio?

SSPIX and FIDSX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSPIX or FIDSX?

FIDSX has higher volatility (4.52%) compared to SSPIX (3.81%). In terms of maximum drawdown, SSPIX dropped -55.66% vs FIDSX's -74.26%.

Which has better risk-adjusted returns?

SSPIX currently has the higher Sharpe Ratio (1.79 vs 0.89), 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.