SVTAX vs. SSGLX

Last updated Jun 4, 2026

SVTAX (SEI Institutional Managed Trust Global Managed Volatility Fund) and SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) are both Global Equities funds. Over the past 10 years, SVTAX returned 7.24%/yr vs 9.82%/yr for SSGLX. A 0.73 correlation means they provide meaningful diversification when combined. SVTAX charges 1.11%/yr vs 0.07%/yr for SSGLX.

Performance

SVTAX vs. SSGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVTAX achieves a 3.33% return, which is significantly lower than SSGLX's 14.98% return. Over the past 10 years, SVTAX has underperformed SSGLX with an annualized return of 7.24%, while SSGLX has yielded a comparatively higher 9.82% annualized return.

SVTAX

• 1D: -0.18%
• 1M: 0.83%
• YTD: 3.33%
• 6M: 4.11%
• 1Y: 6.36%
• 3Y*: 11.32%
• 5Y*: 7.32%
• 10Y*: 7.24%

SSGLX

• 1D: 0.67%
• 1M: 4.89%
• YTD: 14.98%
• 6M: 18.09%
• 1Y: 32.74%
• 3Y*: 19.68%
• 5Y*: 8.65%
• 10Y*: 9.82%

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

SVTAX vs. SSGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund	3.33%	13.44%	12.77%	7.77%	-7.80%	18.18%	-2.68%	19.81%	-6.47%	17.19%
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	14.98%	32.64%	4.98%	15.67%	-16.44%	8.36%	11.11%	21.52%	-14.05%	27.12%

Correlation

The correlation between SVTAX and SSGLX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014	0.73

Over the past year, the correlation between SVTAX and SSGLX has dropped to 0.48 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

SVTAX vs. SSGLX — Risk / Return Rank

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

SVTAX

SVTAX Risk / Return Rank: 11
SVTAX Sharpe Ratio Rank: 11
SVTAX Sortino Ratio Rank: 11
SVTAX Omega Ratio Rank: 10
SVTAX Calmar Ratio Rank: 11
SVTAX Martin Ratio Rank: 11

SSGLX

SSGLX Risk / Return Rank: 62
SSGLX Sharpe Ratio Rank: 67
SSGLX Sortino Ratio Rank: 64
SSGLX Omega Ratio Rank: 67
SSGLX Calmar Ratio Rank: 57
SSGLX Martin Ratio Rank: 56

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.

SVTAX vs. SSGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.

	SVTAX	SSGLX	Difference
Sharpe ratio Return per unit of total volatility	0.86	2.40	-1.54
Sortino ratio Return per unit of downside risk	1.28	3.35	-2.07
Omega ratio Gain probability vs. loss probability	1.15	1.46	-0.31
Calmar ratio Return relative to maximum drawdown	1.03	2.89	-1.86
Martin ratio Return relative to average drawdown	3.24	11.22	-7.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVTAX vs. SSGLX - Sharpe Ratio Comparison

The current SVTAX Sharpe Ratio is 0.86, which is lower than the SSGLX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of SVTAX and SSGLX, 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

	SVTAX	SSGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	2.40	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.59	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.61	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.45	+0.05

Drawdowns

SVTAX vs. SSGLX - Drawdown Comparison

The maximum SVTAX drawdown since its inception was -43.81%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for SVTAX and SSGLX.

Drawdown Indicators

	SVTAX	SSGLX	Difference
Max Drawdown Largest peak-to-trough decline	-43.81%	-35.88%	-7.93%
Max Drawdown (1Y) Largest decline over 1 year	-5.99%	-11.22%	+5.23%
Max Drawdown (3Y) Largest decline over 3 years	-10.37%	-13.56%	+3.19%
Max Drawdown (5Y) Largest decline over 5 years	-16.52%	-30.08%	+13.56%
Max Drawdown (10Y) Largest decline over 10 years	-31.02%	-35.88%	+4.86%
Current Drawdown Current decline from peak	-2.86%	0.00%	-2.86%
Average Drawdown Average peak-to-trough decline	-8.06%	-8.23%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.88%	-0.97%

Volatility

SVTAX vs. SSGLX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Global Managed Volatility Fund (SVTAX) is 1.66%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 4.55%. This indicates that SVTAX experiences smaller price fluctuations and is considered to be less risky than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVTAX	SSGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	4.55%	-2.89%
Volatility (6M) Calculated over the trailing 6-month period	5.10%	11.38%	-6.28%
Volatility (1Y) Calculated over the trailing 1-year period	7.21%	13.56%	-6.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.61%	14.74%	-4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.28%	16.24%	-3.96%

SVTAX vs. SSGLX - Expense Ratio Comparison

SVTAX has a 1.11% expense ratio, which is higher than SSGLX's 0.07% expense ratio.

Dividends

SVTAX vs. SSGLX - Dividend Comparison

SVTAX's dividend yield for the trailing twelve months is around 8.48%, more than SSGLX's 3.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	3.84%	4.41%	4.46%	2.98%	2.85%	4.20%	1.72%	4.80%	8.32%	3.98%	1.52%	2.09%
SVTAX SEI Institutional Managed Trust Global Managed Volatility Fund	8.48%	8.77%	8.68%	5.76%	10.62%	11.81%	1.00%	5.39%	10.70%	7.90%	5.97%	6.45%

Frequently Asked Questions

Can I hold both SVTAX and SSGLX in my portfolio?

SVTAX and SSGLX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVTAX or SSGLX?

SSGLX has higher volatility (4.55%) compared to SVTAX (1.66%). In terms of maximum drawdown, SVTAX dropped -43.81% vs SSGLX's -35.88%.

Which has better risk-adjusted returns?

SSGLX currently has the higher Sharpe Ratio (2.40 vs 0.86), 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.