SSPIX vs. GRISX
Compare and contrast key facts about SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) and Nationwide S&P 500 Index Fund (GRISX).
SSPIX is managed by Blackrock. It was launched on Feb 28, 1996. GRISX is managed by Nationwide. It was launched on Nov 2, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSPIX or GRISX.
Key characteristics
| SSPIX | GRISX | |
|---|---|---|
| YTD Return | 23.82% | 23.65% |
| 1Y Return | 40.24% | 39.83% |
| 3Y Return (Ann) | 10.23% | 10.09% |
| 5Y Return (Ann) | 15.87% | 15.68% |
| 10Y Return (Ann) | 13.29% | 13.25% |
| Sharpe Ratio | 3.10 | 3.07 |
| Sortino Ratio | 4.10 | 4.05 |
| Omega Ratio | 1.57 | 1.56 |
| Calmar Ratio | 3.15 | 3.10 |
| Martin Ratio | 20.57 | 20.24 |
| Ulcer Index | 1.87% | 1.88% |
| Daily Std Dev | 12.35% | 12.34% |
| Max Drawdown | -55.66% | -55.54% |
| Current Drawdown | -0.18% | -0.18% |
Correlation
The correlation between SSPIX and GRISX is 1.00, 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.
Performance
SSPIX vs. GRISX - Performance Comparison
The year-to-date returns for both stocks are quite close, with SSPIX having a 23.82% return and GRISX slightly lower at 23.65%. Both investments have delivered pretty close results over the past 10 years, with SSPIX having a 13.29% annualized return and GRISX not far behind at 13.25%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SSPIX vs. GRISX - Expense Ratio Comparison
SSPIX has a 0.25% expense ratio, which is lower than GRISX's 0.44% expense ratio.
Risk-Adjusted Performance
SSPIX vs. GRISX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) and Nationwide S&P 500 Index Fund (GRISX). 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.
Dividends
SSPIX vs. GRISX - Dividend Comparison
SSPIX's dividend yield for the trailing twelve months is around 3.73%, more than GRISX's 0.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSPIX SEI Institutional Managed Trust S&P 500 Index Fund | 3.73% | 4.51% | 10.84% | 7.47% | 6.18% | 4.46% | 4.37% | 2.30% | 4.62% | 1.77% | 11.01% | 3.79% |
GRISX Nationwide S&P 500 Index Fund | 0.90% | 1.11% | 1.67% | 4.96% | 1.27% | 6.26% | 18.54% | 6.66% | 7.42% | 11.98% | 5.42% | 9.25% |
Drawdowns
SSPIX vs. GRISX - Drawdown Comparison
The maximum SSPIX drawdown since its inception was -55.66%, roughly equal to the maximum GRISX drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for SSPIX and GRISX. For additional features, visit the drawdowns tool.
Volatility
SSPIX vs. GRISX - Volatility Comparison
SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) and Nationwide S&P 500 Index Fund (GRISX) have volatilities of 2.57% and 2.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.