FEGOX vs. SGOIX

Last updated Apr 1, 2026

Compare and contrast key facts about First Eagle Gold Fund Class C (FEGOX) and First Eagle Overseas Fund Class I (SGOIX).

FEGOX is an actively managed fund by First Eagle. It was launched on May 15, 2003. SGOIX is managed by First Eagle.

Performance

FEGOX vs. SGOIX - Performance Comparison

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

FEGOX vs. SGOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEGOX First Eagle Gold Fund Class C	2.40%	126.68%	9.47%	6.26%	-2.33%	-8.41%	28.65%	37.47%	-16.58%	7.37%
SGOIX First Eagle Overseas Fund Class I	1.44%	39.06%	6.45%	10.73%	-7.86%	5.25%	7.25%	17.90%	-9.95%	14.38%

Returns By Period

In the year-to-date period, FEGOX achieves a 2.40% return, which is significantly higher than SGOIX's 1.44% return. Over the past 10 years, FEGOX has outperformed SGOIX with an annualized return of 14.69%, while SGOIX has yielded a comparatively lower 8.06% annualized return.

FEGOX

• 1D: -0.11%
• 1M: -22.44%
• YTD: 2.40%
• 6M: 18.50%
• 1Y: 76.76%
• 3Y*: 34.63%
• 5Y*: 21.68%
• 10Y*: 14.69%

SGOIX

• 1D: 0.19%
• 1M: -10.98%
• YTD: 1.44%
• 6M: 7.39%
• 1Y: 27.04%
• 3Y*: 15.87%
• 5Y*: 9.77%
• 10Y*: 8.06%

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

FEGOX vs. SGOIX - Expense Ratio Comparison

FEGOX has a 1.91% expense ratio, which is higher than SGOIX's 0.88% expense ratio.

FEGOX

First Eagle Gold Fund Class C

SGOIX

First Eagle Overseas Fund Class I

Return for Risk

FEGOX vs. SGOIX — Risk / Return Rank

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

FEGOX

FEGOX Risk / Return Rank: 89
FEGOX Sharpe Ratio Rank: 92
FEGOX Sortino Ratio Rank: 85
FEGOX Omega Ratio Rank: 84
FEGOX Calmar Ratio Rank: 93
FEGOX Martin Ratio Rank: 91

SGOIX

SGOIX Risk / Return Rank: 89
SGOIX Sharpe Ratio Rank: 92
SGOIX Sortino Ratio Rank: 90
SGOIX Omega Ratio Rank: 89
SGOIX Calmar Ratio Rank: 87
SGOIX Martin Ratio Rank: 88

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.

FEGOX vs. SGOIX - 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 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.

	FEGOX	SGOIX	Difference
Sharpe ratio Return per unit of total volatility	2.03	1.97	+0.05
Sortino ratio Return per unit of downside risk	2.29	2.51	-0.22
Omega ratio Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio Return relative to maximum drawdown	2.90	2.25	+0.66
Martin ratio Return relative to average drawdown	10.72	9.52	+1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEGOX vs. SGOIX - Sharpe Ratio Comparison

The current FEGOX Sharpe Ratio is 2.03, which is comparable to the SGOIX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of FEGOX and SGOIX, 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

	FEGOX	SGOIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	1.97	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.84	-0.06
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	0.31	0.87	-0.56

Correlation

The correlation between FEGOX and SGOIX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FEGOX vs. SGOIX - Dividend Comparison

FEGOX's dividend yield for the trailing twelve months is around 0.68%, less than SGOIX's 8.33% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEGOX First Eagle Gold Fund Class C	0.68%	0.70%	5.05%	0.22%	0.00%	0.24%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOIX First Eagle Overseas Fund Class I	8.33%	8.45%	8.49%	2.45%	3.81%	5.92%	0.47%	5.70%	3.36%	3.59%	3.80%	1.58%

Drawdowns

FEGOX vs. SGOIX - Drawdown Comparison

The maximum FEGOX drawdown since its inception was -71.67%, which is greater than SGOIX's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for FEGOX and SGOIX.

Drawdown Indicators

	FEGOX	SGOIX	Difference
Max Drawdown Largest peak-to-trough decline	-71.67%	-35.54%	-36.13%
Max Drawdown (1Y) Largest decline over 1 year	-26.69%	-11.35%	-15.34%
Max Drawdown (5Y) Largest decline over 5 years	-34.24%	-21.39%	-12.85%
Max Drawdown (10Y) Largest decline over 10 years	-43.08%	-24.79%	-18.29%
Current Drawdown Current decline from peak	-22.78%	-10.98%	-11.80%
Average Drawdown Average peak-to-trough decline	-31.43%	-4.57%	-26.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.23%	2.68%	+4.55%

Volatility

FEGOX vs. SGOIX - Volatility Comparison

First Eagle Gold Fund Class C (FEGOX) has a higher volatility of 13.89% compared to First Eagle Overseas Fund Class I (SGOIX) at 5.81%. This indicates that FEGOX's price experiences larger fluctuations and is considered to be riskier than SGOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEGOX	SGOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.89%	5.81%	+8.08%
Volatility (6M) Calculated over the trailing 6-month period	32.49%	9.60%	+22.89%
Volatility (1Y) Calculated over the trailing 1-year period	38.59%	13.48%	+25.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.09%	11.73%	+16.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.14%	11.34%	+15.80%