SVYAX vs. IGHAX
SVYAX (SEI Institutional Investments Trust U.S. Managed Volatility Fund) and IGHAX (Voya Global High Dividend Low Volatility Portfolio) are both mutual funds - SVYAX is a Low Volatility fund managed by BlackRock, while IGHAX is a Global Equities fund managed by Voya. Over the past 10 years, SVYAX returned 9.52%/yr vs 9.30%/yr for IGHAX. Their correlation of 0.86 means they have usually moved in the same direction. SVYAX charges 0.72%/yr vs 1.10%/yr for IGHAX.
Performance
SVYAX vs. IGHAX - Performance Comparison
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Returns By Period
In the year-to-date period, SVYAX achieves a 11.26% return, which is significantly lower than IGHAX's 12.14% return. Both investments have delivered pretty close results over the past 10 years, with SVYAX having a 9.52% annualized return and IGHAX not far behind at 9.30%.
SVYAX
- 1D
- -0.57%
- 1M
- 2.96%
- 6M
- 8.87%
- YTD
- 11.26%
- 1Y
- 17.29%
- 3Y*
- 13.20%
- 5Y*
- 9.10%
- 10Y*
- 9.52%
- ALL TIME*
- 10.68%
IGHAX
- 1D
- 1.00%
- 1M
- 4.14%
- 6M
- 8.80%
- YTD
- 12.14%
- 1Y
- 18.43%
- 3Y*
- 14.70%
- 5Y*
- 9.06%
- 10Y*
- 9.30%
- ALL TIME*
- 5.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SVYAX vs. IGHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVYAX SEI Institutional Investments Trust U.S. Managed Volatility Fund | 11.26% | 10.79% | 15.71% | 3.99% | -0.50% | 20.55% | -1.88% | 23.91% | -2.43% | 15.25% |
IGHAX Voya Global High Dividend Low Volatility Portfolio | 12.14% | 18.30% | 10.40% | 6.16% | -5.34% | 20.25% | -1.30% | 20.96% | -9.26% | 23.11% |
Correlation
The correlation between SVYAX and IGHAX is 0.76, 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. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2009 | 0.86 |
The correlation between SVYAX and IGHAX shifts across timeframes, from 0.76 (1 year) to 0.87 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SVYAX vs. IGHAX — Risk / Return Rank
SVYAX
IGHAX
SVYAX vs. IGHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust U.S. Managed Volatility Fund (SVYAX) and Voya Global High Dividend Low Volatility Portfolio (IGHAX). 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.
| SVYAX | IGHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.92 | +0.21 |
| Martin ratioReturn relative to average drawdown | 11.23 | 10.91 | +0.32 |
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Drawdowns
SVYAX vs. IGHAX - Drawdown Comparison
The maximum SVYAX drawdown since its inception was -33.99%, smaller than the maximum IGHAX drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for SVYAX and IGHAX.
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Drawdown Indicators
| SVYAX | IGHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -59.27% | +25.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | -6.72% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -9.75% | -5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -16.07% | -17.36% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -35.05% | +1.06% |
Current DrawdownCurrent decline from peak | -1.13% | 0.00% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -9.96% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.76% | -0.34% |
Volatility
SVYAX vs. IGHAX - Volatility Comparison
SEI Institutional Investments Trust U.S. Managed Volatility Fund (SVYAX) has a higher volatility of 2.87% compared to Voya Global High Dividend Low Volatility Portfolio (IGHAX) at 2.51%. This indicates that SVYAX's price experiences larger fluctuations and is considered to be riskier than IGHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVYAX | IGHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 2.51% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 6.93% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 9.37% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 12.40% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 14.56% | +1.13% |
SVYAX vs. IGHAX - Expense Ratio Comparison
SVYAX has a 0.72% expense ratio, which is lower than IGHAX's 1.10% expense ratio.
Dividends
SVYAX vs. IGHAX - Dividend Comparison
SVYAX's dividend yield for the trailing twelve months is around 83.92%, more than IGHAX's 8.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHAX Voya Global High Dividend Low Volatility Portfolio | 8.73% | 14.04% | 3.97% | 5.81% | 5.72% | 1.94% | 1.86% | 7.01% | 4.26% | 1.69% | 2.23% | 0.00% |
SVYAX SEI Institutional Investments Trust U.S. Managed Volatility Fund | 83.92% | 94.03% | 12.40% | 12.69% | 12.35% | 21.57% | 2.24% | 6.34% | 18.49% | 11.02% | 7.34% | 8.75% |
Frequently Asked Questions
SVYAX and IGHAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVYAX has higher volatility (2.87%) compared to IGHAX (2.51%). In terms of maximum drawdown, SVYAX dropped -33.99% vs IGHAX's -59.27%.
IGHAX currently has the higher Sharpe Ratio (2.11 vs 1.82), 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.
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