VFAIX vs. SSPIX

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Financials Index Fund Admiral Shares (VFAIX) and SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX).

VFAIX is managed by BlackRock. It was launched on Feb 4, 2004. SSPIX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Feb 28, 1996.

Performance

VFAIX vs. SSPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Financials Index Fund Admiral Shares (VFAIX) and SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX). The values are adjusted to include any dividend payments, if applicable.

VFAIX vs. SSPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFAIX Vanguard Financials Index Fund Admiral Shares	-11.11%	14.90%	30.46%	14.07%	-12.26%	36.27%	-2.15%	31.63%	-13.47%	20.05%
SSPIX SEI Institutional Managed Trust S&P 500 Index Fund	-7.15%	17.44%	24.60%	26.00%	-18.52%	28.56%	18.13%	31.25%	-4.61%	20.83%

Returns By Period

In the year-to-date period, VFAIX achieves a -11.11% return, which is significantly lower than SSPIX's -7.15% return. Over the past 10 years, VFAIX has underperformed SSPIX with an annualized return of 12.12%, while SSPIX has yielded a comparatively higher 13.37% annualized return.

VFAIX

• 1D: 1.06%
• 1M: -5.57%
• YTD: -11.11%
• 6M: -9.20%
• 1Y: 0.51%
• 3Y*: 17.09%
• 5Y*: 9.31%
• 10Y*: 12.12%

SSPIX

• 1D: -0.40%
• 1M: -7.70%
• YTD: -7.15%
• 6M: -4.83%
• 1Y: 14.01%
• 3Y*: 16.80%
• 5Y*: 11.06%
• 10Y*: 13.37%

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

VFAIX vs. SSPIX - Expense Ratio Comparison

VFAIX has a 0.10% expense ratio, which is lower than SSPIX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

SSPIX

SEI Institutional Managed Trust S&P 500 Index Fund

VFAIX

Vanguard Financials Index Fund Admiral Shares

Return for Risk

VFAIX vs. SSPIX — Risk / Return Rank

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

VFAIX

VFAIX Risk / Return Rank: 7
VFAIX Sharpe Ratio Rank: 7
VFAIX Sortino Ratio Rank: 7
VFAIX Omega Ratio Rank: 7
VFAIX Calmar Ratio Rank: 6
VFAIX Martin Ratio Rank: 6

SSPIX

SSPIX Risk / Return Rank: 43
SSPIX Sharpe Ratio Rank: 38
SSPIX Sortino Ratio Rank: 42
SSPIX Omega Ratio Rank: 46
SSPIX Calmar Ratio Rank: 39
SSPIX Martin Ratio Rank: 51

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.

VFAIX vs. SSPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Financials Index Fund Admiral Shares (VFAIX) and SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX). 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.

	VFAIX	SSPIX	Difference
Sharpe ratio Return per unit of total volatility	0.08	0.81	-0.73
Sortino ratio Return per unit of downside risk	0.25	1.26	-1.02
Omega ratio Gain probability vs. loss probability	1.04	1.19	-0.16
Calmar ratio Return relative to maximum drawdown	-0.02	1.02	-1.04
Martin ratio Return relative to average drawdown	-0.07	4.93	-5.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFAIX vs. SSPIX - Sharpe Ratio Comparison

The current VFAIX Sharpe Ratio is 0.08, which is lower than the SSPIX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of VFAIX and SSPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VFAIX	SSPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	0.81	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.60	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.71	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.47	-0.25

Correlation

The correlation between VFAIX and SSPIX is 0.82, 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.

Dividends

VFAIX vs. SSPIX - Dividend Comparison

VFAIX's dividend yield for the trailing twelve months is around 1.64%, less than SSPIX's 9.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VFAIX Vanguard Financials Index Fund Admiral Shares	1.64%	1.56%	1.75%	2.08%	2.31%	2.62%	2.21%	2.17%	2.30%	1.54%	1.64%	2.00%
SSPIX SEI Institutional Managed Trust S&P 500 Index Fund	9.59%	8.91%	12.73%	4.51%	10.84%	7.47%	6.18%	4.46%	4.37%	1.96%	4.62%	1.77%

Drawdowns

VFAIX vs. SSPIX - Drawdown Comparison

The maximum VFAIX drawdown since its inception was -78.64%, which is greater than SSPIX's maximum drawdown of -55.66%. Use the drawdown chart below to compare losses from any high point for VFAIX and SSPIX.

Drawdown Indicators

	VFAIX	SSPIX	Difference
Max Drawdown Largest peak-to-trough decline	-78.64%	-55.66%	-22.98%
Max Drawdown (1Y) Largest decline over 1 year	-14.72%	-12.14%	-2.58%
Max Drawdown (5Y) Largest decline over 5 years	-25.71%	-25.65%	-0.06%
Max Drawdown (10Y) Largest decline over 10 years	-44.37%	-33.82%	-10.55%
Current Drawdown Current decline from peak	-13.82%	-8.96%	-4.86%
Average Drawdown Average peak-to-trough decline	-18.69%	-10.56%	-8.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.86%	2.51%	+2.35%

Volatility

VFAIX vs. SSPIX - Volatility Comparison

Vanguard Financials Index Fund Admiral Shares (VFAIX) and SEI Institutional Managed Trust S&P 500 Index Fund (SSPIX) have volatilities of 4.20% and 4.23%, 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

	VFAIX	SSPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	4.23%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	9.09%	+2.44%
Volatility (1Y) Calculated over the trailing 1-year period	19.86%	18.14%	+1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.40%	18.42%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.62%	18.84%	+3.78%