FEGOX vs. SGGDX
FEGOX (First Eagle Gold Fund Class C) and SGGDX (First Eagle Gold Fund) are both Gold funds from First Eagle. Over the past 10 years, FEGOX returned 9.69%/yr vs 10.52%/yr for SGGDX. Their 1.00 correlation means they have historically moved very closely together. FEGOX charges 1.91%/yr vs 1.19%/yr for SGGDX.
Performance
FEGOX vs. SGGDX - Performance Comparison
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Returns By Period
In the year-to-date period, FEGOX achieves a -7.70% return, which is significantly lower than SGGDX's -7.30% return. Over the past 10 years, FEGOX has underperformed SGGDX with an annualized return of 9.69%, while SGGDX has yielded a comparatively higher 10.52% annualized return.
FEGOX
- 1D
- 3.05%
- 1M
- -1.17%
- 6M
- -16.18%
- YTD
- -7.70%
- 1Y
- 43.43%
- 3Y*
- 32.06%
- 5Y*
- 17.67%
- 10Y*
- 9.69%
- ALL TIME*
- 8.09%
SGGDX
- 1D
- 3.06%
- 1M
- -1.10%
- 6M
- -15.86%
- YTD
- -7.30%
- 1Y
- 44.46%
- 3Y*
- 33.04%
- 5Y*
- 18.55%
- 10Y*
- 10.52%
- ALL TIME*
- 7.39%
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 |
FEGOX vs. SGGDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEGOX First Eagle Gold Fund Class C | -7.70% | 126.68% | 9.47% | 6.26% | -2.33% | -8.41% | 28.65% | 37.47% | -16.58% | 7.37% |
SGGDX First Eagle Gold Fund | -7.30% | 128.39% | 10.32% | 7.01% | -1.56% | -7.78% | 29.63% | 38.51% | -15.90% | 8.12% |
Correlation
The correlation between FEGOX and SGGDX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since May 15, 2003 | 1.00 |
The correlation between FEGOX and SGGDX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
FEGOX vs. SGGDX — Risk / Return Rank
FEGOX
SGGDX
FEGOX vs. SGGDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund Class C (FEGOX) and First Eagle Gold Fund (SGGDX). 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.
| FEGOX | SGGDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.35 | -0.04 |
| Martin ratioReturn relative to average drawdown | 2.88 | 2.96 | -0.08 |
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Drawdowns
FEGOX vs. SGGDX - Drawdown Comparison
The maximum FEGOX drawdown since its inception was -71.67%, roughly equal to the maximum SGGDX drawdown of -70.69%. Use the drawdown chart below to compare losses from any high point for FEGOX and SGGDX.
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Drawdown Indicators
| FEGOX | SGGDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.67% | -70.69% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -34.76% | -34.57% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -34.76% | -34.57% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -34.76% | -34.57% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -43.08% | -42.16% | -0.92% |
Current DrawdownCurrent decline from peak | -30.40% | -30.18% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -31.31% | -29.43% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.79% | 15.71% | +0.08% |
Volatility
FEGOX vs. SGGDX - Volatility Comparison
First Eagle Gold Fund Class C (FEGOX) and First Eagle Gold Fund (SGGDX) have volatilities of 9.83% and 9.82%, 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.
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Volatility by Period
| FEGOX | SGGDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.83% | 9.82% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 33.80% | 33.80% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.64% | 40.64% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.47% | 29.48% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.42% | 27.41% | +0.01% |
FEGOX vs. SGGDX - Expense Ratio Comparison
FEGOX has a 1.91% expense ratio, which is higher than SGGDX's 1.19% expense ratio.
Dividends
FEGOX vs. SGGDX - Dividend Comparison
FEGOX's dividend yield for the trailing twelve months is around 0.75%, less than SGGDX's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FEGOX First Eagle Gold Fund Class C | 0.75% | 0.70% | 5.05% | 0.22% | 0.00% | 0.24% | 0.76% |
SGGDX First Eagle Gold Fund | 1.17% | 1.08% | 5.26% | 0.87% | 0.00% | 0.96% | 1.25% |
Frequently Asked Questions
With a correlation of 1.00, FEGOX and SGGDX 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.
FEGOX has higher volatility (9.83%) compared to SGGDX (9.82%). In terms of maximum drawdown, FEGOX dropped -71.67% vs SGGDX's -70.69%.
SGGDX currently has the higher Sharpe Ratio (1.15 vs 1.12), 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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