SVYAX vs. MVGIX

Last updated Aug 1, 2026

SVYAX (SEI Institutional Investments Trust U.S. Managed Volatility Fund) and MVGIX (MFS Low Volatility Global Equity Fund) are both mutual funds - SVYAX is a Low Volatility fund managed by BlackRock, while MVGIX is a Global Equities fund managed by MFS. Over the past 10 years, SVYAX returned 9.52%/yr vs 9.38%/yr for MVGIX. Their correlation of 0.85 means they have usually moved in the same direction. SVYAX charges 0.72%/yr vs 0.74%/yr for MVGIX.

Performance

SVYAX vs. MVGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust U.S. Managed Volatility Fund (SVYAX) and MFS Low Volatility Global Equity Fund (MVGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVYAX achieves a 11.26% return, which is significantly higher than MVGIX's 8.08% return. Both investments have delivered pretty close results over the past 10 years, with SVYAX having a 9.52% annualized return and MVGIX not far behind at 9.38%.

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%

MVGIX

• 1D: 0.05%
• 1M: 3.22%
• 6M: 5.16%
• YTD: 8.08%
• 1Y: 15.19%
• 3Y*: 13.71%
• 5Y*: 9.06%
• 10Y*: 9.38%
• ALL TIME*: 9.21%

*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)
MVGIX MFS Low Volatility Global Equity Fund	$0.00	$0.00	$0.00
SVYAX SEI Institutional Investments Trust U.S. Managed Volatility Fund	$0.00	$0.00	$0.00

SVYAX vs. MVGIX - 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%
MVGIX MFS Low Volatility Global Equity Fund	8.08%	16.30%	12.64%	13.71%	-8.21%	16.84%	5.47%	20.59%	-2.40%	18.49%

Correlation

The correlation between SVYAX and MVGIX is 0.79, 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.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Dec 6, 2013	0.85

The correlation between SVYAX and MVGIX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

SVYAX vs. MVGIX — Risk / Return Rank

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

SVYAX

SVYAX Risk / Return Rank: 80
SVYAX Sharpe Ratio Rank: 76
SVYAX Sortino Ratio Rank: 78
SVYAX Omega Ratio Rank: 72
SVYAX Calmar Ratio Rank: 87
SVYAX Martin Ratio Rank: 86

MVGIX

MVGIX Risk / Return Rank: 59
MVGIX Sharpe Ratio Rank: 74
MVGIX Sortino Ratio Rank: 75
MVGIX Omega Ratio Rank: 73
MVGIX Calmar Ratio Rank: 41
MVGIX Martin Ratio Rank: 34

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.

SVYAX vs. MVGIX - 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 MFS Low Volatility Global Equity Fund (MVGIX). 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	MVGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.73	+0.09
Sortino ratio: Return per unit of downside risk	2.70	2.57	+0.14
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	3.13	1.66	+1.47
Martin ratio: Return relative to average drawdown	11.23	4.95	+6.28

SVYAX vs. MVGIX - Sharpe Ratio Comparison

The current SVYAX Sharpe Ratio is 1.82, which is comparable to the MVGIX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of SVYAX and MVGIX, 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

SVYAX vs. MVGIX - Drawdown Comparison

The maximum SVYAX drawdown since its inception was -33.99%, which is greater than MVGIX's maximum drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for SVYAX and MVGIX.

Drawdown Indicators

	SVYAX	MVGIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-30.19%	-3.80%
Max Drawdown (1Y) Largest decline over 1 year	-5.09%	-8.65%	+3.56%
Max Drawdown (3Y) Largest decline over 3 years	-15.07%	-8.70%	-6.37%
Max Drawdown (5Y) Largest decline over 5 years	-16.07%	-18.01%	+1.94%
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	-30.19%	-3.80%
Current Drawdown Current decline from peak	-1.13%	0.00%	-1.13%
Average Drawdown Average peak-to-trough decline	-3.40%	-2.91%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	2.90%	-1.48%

Volatility

SVYAX vs. MVGIX - Volatility Comparison

SEI Institutional Investments Trust U.S. Managed Volatility Fund (SVYAX) has a higher volatility of 2.87% compared to MFS Low Volatility Global Equity Fund (MVGIX) at 2.63%. This indicates that SVYAX's price experiences larger fluctuations and is considered to be riskier than MVGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SVYAX	MVGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.63%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	6.31%	6.68%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	8.76%	8.30%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.14%	10.56%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	12.35%	+3.34%

SVYAX vs. MVGIX - Expense Ratio Comparison

SVYAX has a 0.72% expense ratio, which is lower than MVGIX's 0.74% expense ratio.

Dividends

SVYAX vs. MVGIX - Dividend Comparison

SVYAX's dividend yield for the trailing twelve months is around 83.92%, more than MVGIX's 9.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVGIX MFS Low Volatility Global Equity Fund	9.94%	10.94%	7.84%	1.88%	3.98%	9.43%	1.55%	2.79%	4.98%	1.95%	1.60%	1.94%
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

Can I hold both SVYAX and MVGIX in my portfolio?

SVYAX and MVGIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SVYAX or MVGIX?

SVYAX has higher volatility (2.87%) compared to MVGIX (2.63%). In terms of maximum drawdown, SVYAX dropped -33.99% vs MVGIX's -30.19%.

Which has better risk-adjusted returns?

SVYAX currently has the higher Sharpe Ratio (1.82 vs 1.73), 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.