EGLBX vs. ELFNX

Last updated Jun 4, 2026

EGLBX (Elfun International Equity Fund) and ELFNX (Elfun Trusts) are both mutual funds - EGLBX is a Foreign Large Cap Equities fund managed by State Street, while ELFNX is a Large Cap Growth Equities fund managed by State Street. Over the past 10 years, EGLBX returned 8.80%/yr vs 16.53%/yr for ELFNX. A 0.57 correlation means they provide meaningful diversification when combined. EGLBX charges 0.37%/yr vs 0.18%/yr for ELFNX.

Performance

EGLBX vs. ELFNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elfun International Equity Fund (EGLBX) and Elfun Trusts (ELFNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EGLBX achieves a 9.06% return, which is significantly higher than ELFNX's 6.95% return. Over the past 10 years, EGLBX has underperformed ELFNX with an annualized return of 8.80%, while ELFNX has yielded a comparatively higher 16.53% annualized return.

EGLBX

• 1D: 0.45%
• 1M: 5.08%
• YTD: 9.06%
• 6M: 11.15%
• 1Y: 17.50%
• 3Y*: 13.67%
• 5Y*: 7.05%
• 10Y*: 8.80%

ELFNX

• 1D: -0.40%
• 1M: 3.93%
• YTD: 6.95%
• 6M: 6.94%
• 1Y: 24.44%
• 3Y*: 22.47%
• 5Y*: 13.32%
• 10Y*: 16.53%

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

EGLBX vs. ELFNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EGLBX Elfun International Equity Fund	9.06%	22.41%	3.40%	20.35%	-16.09%	9.11%	13.33%	30.15%	-16.35%	22.99%
ELFNX Elfun Trusts	6.95%	16.64%	26.91%	34.50%	-19.91%	24.46%	25.18%	35.57%	-3.25%	25.60%

Correlation

The correlation between EGLBX and ELFNX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 18, 1987	0.57

The correlation between EGLBX and ELFNX has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

Return for Risk

EGLBX vs. ELFNX — Risk / Return Rank

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

EGLBX

EGLBX Risk / Return Rank: 16
EGLBX Sharpe Ratio Rank: 15
EGLBX Sortino Ratio Rank: 15
EGLBX Omega Ratio Rank: 15
EGLBX Calmar Ratio Rank: 14
EGLBX Martin Ratio Rank: 18

ELFNX

ELFNX Risk / Return Rank: 42
ELFNX Sharpe Ratio Rank: 47
ELFNX Sortino Ratio Rank: 44
ELFNX Omega Ratio Rank: 43
ELFNX Calmar Ratio Rank: 34
ELFNX Martin Ratio Rank: 42

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.

EGLBX vs. ELFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elfun International Equity Fund (EGLBX) and Elfun Trusts (ELFNX). 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.

	EGLBX	ELFNX	Difference
Sharpe ratio Return per unit of total volatility	1.08	2.02	-0.94
Sortino ratio Return per unit of downside risk	1.62	2.76	-1.14
Omega ratio Gain probability vs. loss probability	1.20	1.36	-0.16
Calmar ratio Return relative to maximum drawdown	1.32	2.21	-0.89
Martin ratio Return relative to average drawdown	5.00	9.03	-4.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EGLBX vs. ELFNX - Sharpe Ratio Comparison

The current EGLBX Sharpe Ratio is 1.08, which is lower than the ELFNX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of EGLBX and ELFNX, 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

	EGLBX	ELFNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	2.02	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.75	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.90	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.60	-0.18

Drawdowns

EGLBX vs. ELFNX - Drawdown Comparison

The maximum EGLBX drawdown since its inception was -60.96%, which is greater than ELFNX's maximum drawdown of -50.28%. Use the drawdown chart below to compare losses from any high point for EGLBX and ELFNX.

Drawdown Indicators

	EGLBX	ELFNX	Difference
Max Drawdown Largest peak-to-trough decline	-60.96%	-50.28%	-10.68%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-11.40%	-1.40%
Max Drawdown (3Y) Largest decline over 3 years	-15.23%	-19.58%	+4.35%
Max Drawdown (5Y) Largest decline over 5 years	-32.52%	-26.39%	-6.13%
Max Drawdown (10Y) Largest decline over 10 years	-32.52%	-32.44%	-0.08%
Current Drawdown Current decline from peak	0.00%	-0.40%	+0.40%
Average Drawdown Average peak-to-trough decline	-12.61%	-7.63%	-4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.78%	+0.59%

Volatility

EGLBX vs. ELFNX - Volatility Comparison

Elfun International Equity Fund (EGLBX) has a higher volatility of 4.56% compared to Elfun Trusts (ELFNX) at 2.94%. This indicates that EGLBX's price experiences larger fluctuations and is considered to be riskier than ELFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EGLBX	ELFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	2.94%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	9.46%	+3.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.69%	12.49%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	17.89%	-0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	18.38%	-1.36%

EGLBX vs. ELFNX - Expense Ratio Comparison

EGLBX has a 0.37% expense ratio, which is higher than ELFNX's 0.18% expense ratio.

Dividends

EGLBX vs. ELFNX - Dividend Comparison

EGLBX's dividend yield for the trailing twelve months is around 10.47%, more than ELFNX's 9.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EGLBX Elfun International Equity Fund	10.47%	11.42%	6.62%	1.95%	6.97%	8.23%	1.17%	1.68%	2.49%	1.56%	2.19%	1.85%
ELFNX Elfun Trusts	9.23%	9.87%	10.43%	2.90%	9.01%	11.62%	8.60%	9.39%	16.18%	10.80%	8.85%	8.22%

Frequently Asked Questions

Can I hold both EGLBX and ELFNX in my portfolio?

EGLBX and ELFNX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EGLBX or ELFNX?

EGLBX has higher volatility (4.56%) compared to ELFNX (2.94%). In terms of maximum drawdown, EGLBX dropped -60.96% vs ELFNX's -50.28%.

Which has better risk-adjusted returns?

ELFNX currently has the higher Sharpe Ratio (2.02 vs 1.08), 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.