FEBAX vs. SGOIX

Last updated Jun 24, 2026

FEBAX (First Eagle Global Income Builder Fund Class A) and SGOIX (First Eagle Overseas Fund Class I) are both mutual funds - FEBAX is a Global Allocation fund actively managed by First Eagle, while SGOIX is a Large Cap Blend Equities fund managed by First Eagle. Over the past 10 years, FEBAX returned 8.71%/yr vs 8.64%/yr for SGOIX. Their correlation of 0.89 suggests significant overlap in exposure. FEBAX charges 1.17%/yr vs 0.88%/yr for SGOIX.

Performance

FEBAX vs. SGOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Income Builder Fund Class A (FEBAX) and First Eagle Overseas Fund Class I (SGOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEBAX achieves a 7.04% return, which is significantly lower than SGOIX's 7.79% return. Both investments have delivered pretty close results over the past 10 years, with FEBAX having a 8.71% annualized return and SGOIX not far behind at 8.64%.

FEBAX

• 1D: -0.48%
• 1M: -1.43%
• YTD: 7.04%
• 6M: 6.99%
• 1Y: 19.31%
• 3Y*: 14.84%
• 5Y*: 9.18%
• 10Y*: 8.71%

SGOIX

• 1D: -0.65%
• 1M: -1.52%
• YTD: 7.79%
• 6M: 7.52%
• 1Y: 26.48%
• 3Y*: 18.34%
• 5Y*: 10.12%
• 10Y*: 8.64%

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

FEBAX vs. SGOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEBAX First Eagle Global Income Builder Fund Class A	7.04%	26.23%	8.12%	7.85%	-3.55%	11.39%	4.74%	14.92%	-6.50%	12.96%
SGOIX First Eagle Overseas Fund Class I	7.79%	39.06%	6.45%	10.73%	-7.86%	5.25%	7.25%	17.90%	-9.95%	14.38%

Correlation

The correlation between FEBAX and SGOIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 1, 2012	0.89

The correlation between FEBAX and SGOIX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

FEBAX vs. SGOIX — Risk / Return Rank

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

FEBAX

FEBAX Risk / Return Rank: 55
FEBAX Sharpe Ratio Rank: 69
FEBAX Sortino Ratio Rank: 63
FEBAX Omega Ratio Rank: 68
FEBAX Calmar Ratio Rank: 40
FEBAX Martin Ratio Rank: 34

SGOIX

SGOIX Risk / Return Rank: 51
SGOIX Sharpe Ratio Rank: 62
SGOIX Sortino Ratio Rank: 53
SGOIX Omega Ratio Rank: 62
SGOIX Calmar Ratio Rank: 43
SGOIX Martin Ratio Rank: 36

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.

FEBAX vs. SGOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Income Builder Fund Class A (FEBAX) and First Eagle Overseas Fund Class I (SGOIX). 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.

	FEBAX	SGOIX	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.13	+0.10
Sortino ratio: Return per unit of downside risk	3.03	2.80	+0.22
Omega ratio: Gain probability vs. loss probability	1.42	1.40	+0.02
Calmar ratio: Return relative to maximum drawdown	2.27	2.38	-0.11
Martin ratio: Return relative to average drawdown	7.14	7.67	-0.52

FEBAX vs. SGOIX - Sharpe Ratio Comparison

The current FEBAX Sharpe Ratio is 2.23, which is comparable to the SGOIX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of FEBAX and SGOIX, 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

FEBAX vs. SGOIX - Drawdown Comparison

The maximum FEBAX drawdown since its inception was -23.04%, smaller than the maximum SGOIX drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for FEBAX and SGOIX.

Drawdown Indicators

	FEBAX	SGOIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.04%	-35.54%	+12.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-11.35%	+2.70%
Max Drawdown (3Y) Largest decline over 3 years	-8.65%	-11.35%	+2.70%
Max Drawdown (5Y) Largest decline over 5 years	-15.85%	-20.21%	+4.36%
Max Drawdown (10Y) Largest decline over 10 years	-23.04%	-24.79%	+1.75%
Current Drawdown Current decline from peak	-4.59%	-5.41%	+0.82%
Average Drawdown Average peak-to-trough decline	-2.95%	-4.57%	+1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	3.52%	-0.78%

Volatility

FEBAX vs. SGOIX - Volatility Comparison

The current volatility for First Eagle Global Income Builder Fund Class A (FEBAX) is 2.78%, while First Eagle Overseas Fund Class I (SGOIX) has a volatility of 4.15%. This indicates that FEBAX experiences smaller price fluctuations and is considered to be less risky than SGOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEBAX	SGOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	4.15%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	10.90%	-3.31%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	12.72%	-3.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.01%	12.00%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.26%	11.46%	-2.20%

FEBAX vs. SGOIX - Expense Ratio Comparison

FEBAX has a 1.17% expense ratio, which is higher than SGOIX's 0.88% expense ratio.

Dividends

FEBAX vs. SGOIX - Dividend Comparison

FEBAX's dividend yield for the trailing twelve months is around 3.89%, less than SGOIX's 7.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEBAX First Eagle Global Income Builder Fund Class A	3.89%	4.14%	5.39%	2.80%	3.03%	7.61%	3.07%	2.49%	2.40%	2.51%	3.13%	3.38%
SGOIX First Eagle Overseas Fund Class I	7.84%	8.45%	8.49%	2.45%	3.81%	5.92%	0.47%	5.70%	3.36%	3.59%	3.80%	1.58%

Frequently Asked Questions

Can I hold both FEBAX and SGOIX in my portfolio?

With a correlation of 0.92, FEBAX and SGOIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FEBAX or SGOIX?

SGOIX has higher volatility (4.15%) compared to FEBAX (2.78%). In terms of maximum drawdown, FEBAX dropped -23.04% vs SGOIX's -35.54%.

Which has better risk-adjusted returns?

FEBAX currently has the higher Sharpe Ratio (2.23 vs 2.13), 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.