SSPIX vs. TRVLX

Last updated Jun 4, 2026

SSPIX (SEI Institutional Managed Trust S&P 500 Index Fund) and TRVLX (T. Rowe Price Value Fund) are both mutual funds - SSPIX is a S&P 500 fund tracking the S&P 500 Index, while TRVLX is a Large Cap Value Equities fund managed by T. Rowe Price. Over the past 10 years, SSPIX returned 15.28%/yr vs 11.58%/yr for TRVLX. Their correlation of 0.91 suggests significant overlap in exposure. SSPIX charges 0.25%/yr vs 0.65%/yr for TRVLX.

Performance

SSPIX vs. TRVLX - 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 T. Rowe Price Value Fund (TRVLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SSPIX having a 11.51% return and TRVLX slightly higher at 12.04%. Over the past 10 years, SSPIX has outperformed TRVLX with an annualized return of 15.28%, while TRVLX has yielded a comparatively lower 11.58% annualized return.

SSPIX

• 1D: 0.13%
• 1M: 5.76%
• YTD: 11.51%
• 6M: 11.44%
• 1Y: 28.48%
• 3Y*: 22.36%
• 5Y*: 13.92%
• 10Y*: 15.28%

TRVLX

• 1D: 0.85%
• 1M: 1.28%
• YTD: 12.04%
• 6M: 11.77%
• 1Y: 20.34%
• 3Y*: 17.14%
• 5Y*: 9.18%
• 10Y*: 11.58%

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

SSPIX vs. TRVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSPIX SEI Institutional Managed Trust S&P 500 Index Fund	11.51%	17.44%	24.60%	26.00%	-18.52%	28.56%	18.13%	31.25%	-4.61%	20.83%
TRVLX T. Rowe Price Value Fund	12.04%	12.20%	14.98%	12.16%	-11.37%	29.86%	10.48%	26.20%	-9.44%	17.35%

Correlation

The correlation between SSPIX and TRVLX is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 3, 1997	0.91

Over the past year, the correlation between SSPIX and TRVLX has dropped to 0.70 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.

Return for Risk

SSPIX vs. TRVLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSPIX

SSPIX Risk / Return Rank: 71
SSPIX Sharpe Ratio Rank: 73
SSPIX Sortino Ratio Rank: 65
SSPIX Omega Ratio Rank: 66
SSPIX Calmar Ratio Rank: 71
SSPIX Martin Ratio Rank: 81

TRVLX

TRVLX Risk / Return Rank: 52
TRVLX Sharpe Ratio Rank: 46
TRVLX Sortino Ratio Rank: 47
TRVLX Omega Ratio Rank: 44
TRVLX Calmar Ratio Rank: 63
TRVLX Martin Ratio Rank: 60

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. TRVLX - 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 T. Rowe Price Value Fund (TRVLX). 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	TRVLX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.00	+0.48
Sortino ratio: Return per unit of downside risk	3.37	2.90	+0.47
Omega ratio: Gain probability vs. loss probability	1.45	1.36	+0.10
Calmar ratio: Return relative to maximum drawdown	3.28	3.06	+0.22
Martin ratio: Return relative to average drawdown	15.24	12.03	+3.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSPIX vs. TRVLX - Sharpe Ratio Comparison

The current SSPIX Sharpe Ratio is 2.48, which is comparable to the TRVLX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SSPIX and TRVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SSPIX	TRVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.00	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.65	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.67	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.61	-0.11

Drawdowns

SSPIX vs. TRVLX - Drawdown Comparison

The maximum SSPIX drawdown since its inception was -55.66%, smaller than the maximum TRVLX drawdown of -60.22%. Use the drawdown chart below to compare losses from any high point for SSPIX and TRVLX.

Drawdown Indicators

	SSPIX	TRVLX	Difference
Max Drawdown Largest peak-to-trough decline	-55.66%	-60.22%	+4.56%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-7.05%	-1.91%
Max Drawdown (3Y) Largest decline over 3 years	-25.65%	-13.01%	-12.64%
Max Drawdown (5Y) Largest decline over 5 years	-25.65%	-20.35%	-5.30%
Max Drawdown (10Y) Largest decline over 10 years	-33.82%	-38.65%	+4.83%
Current Drawdown Current decline from peak	0.00%	-0.63%	+0.63%
Average Drawdown Average peak-to-trough decline	-10.50%	-7.51%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.77%	+0.15%

Volatility

SSPIX vs. TRVLX - Volatility Comparison

SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) and T. Rowe Price Value Fund (TRVLX) have volatilities of 2.83% and 2.84%, 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.

Volatility by Period

	SSPIX	TRVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	2.84%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	8.58%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	10.79%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.45%	14.22%	+4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	17.35%	+1.53%

SSPIX vs. TRVLX - Expense Ratio Comparison

SSPIX has a 0.25% expense ratio, which is lower than TRVLX's 0.65% expense ratio.

Dividends

SSPIX vs. TRVLX - Dividend Comparison

SSPIX's dividend yield for the trailing twelve months is around 8.01%, more than TRVLX's 4.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TRVLX T. Rowe Price Value Fund	4.07%	4.56%	8.50%	2.97%	10.09%	10.92%	2.33%	1.69%	11.09%	5.89%	3.06%	8.77%

Frequently Asked Questions

Can I hold both SSPIX and TRVLX in my portfolio?

SSPIX and TRVLX have a correlation of 0.70, 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 TRVLX?

TRVLX has higher volatility (2.84%) compared to SSPIX (2.83%). In terms of maximum drawdown, SSPIX dropped -55.66% vs TRVLX's -60.22%.

Which has better risk-adjusted returns?

SSPIX currently has the higher Sharpe Ratio (2.48 vs 2.00), 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.