FGIPX vs. SABTX

Last updated Jun 4, 2026

FGIPX (Nomura Growth and Income Fund Institutional Class) and SABTX (SA U.S. Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, FGIPX returned 13.12%/yr vs 11.51%/yr for SABTX. Their correlation of 0.92 suggests significant overlap in exposure. FGIPX charges 0.77%/yr vs 0.73%/yr for SABTX.

Performance

FGIPX vs. SABTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura Growth and Income Fund Institutional Class (FGIPX) and SA U.S. Value Fund (SABTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FGIPX having a 18.05% return and SABTX slightly lower at 17.72%. Over the past 10 years, FGIPX has outperformed SABTX with an annualized return of 13.12%, while SABTX has yielded a comparatively lower 11.51% annualized return.

FGIPX

• 1D: 0.92%
• 1M: 7.15%
• YTD: 18.05%
• 6M: 22.61%
• 1Y: 44.81%
• 3Y*: 26.79%
• 5Y*: 16.57%
• 10Y*: 13.12%

SABTX

• 1D: 1.12%
• 1M: 6.51%
• YTD: 17.72%
• 6M: 19.56%
• 1Y: 37.10%
• 3Y*: 19.92%
• 5Y*: 10.73%
• 10Y*: 11.51%

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

FGIPX vs. SABTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGIPX Nomura Growth and Income Fund Institutional Class	18.05%	30.18%	15.44%	12.17%	3.28%	21.73%	-4.59%	25.96%	-9.95%	18.52%
SABTX SA U.S. Value Fund	17.72%	17.69%	11.32%	11.82%	-6.35%	27.06%	-2.04%	24.85%	-12.14%	18.45%

Correlation

The correlation between FGIPX and SABTX is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 8, 2013	0.92

The correlation between FGIPX and SABTX shifts across timeframes, from 0.75 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FGIPX vs. SABTX — Risk / Return Rank

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

FGIPX

FGIPX Risk / Return Rank: 96
FGIPX Sharpe Ratio Rank: 98
FGIPX Sortino Ratio Rank: 97
FGIPX Omega Ratio Rank: 94
FGIPX Calmar Ratio Rank: 96
FGIPX Martin Ratio Rank: 96

SABTX

SABTX Risk / Return Rank: 95
SABTX Sharpe Ratio Rank: 97
SABTX Sortino Ratio Rank: 95
SABTX Omega Ratio Rank: 90
SABTX Calmar Ratio Rank: 97
SABTX Martin Ratio Rank: 96

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.

FGIPX vs. SABTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Growth and Income Fund Institutional Class (FGIPX) and SA U.S. Value Fund (SABTX). 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.

	FGIPX	SABTX	Difference
Sharpe ratio: Return per unit of total volatility	4.03	3.69	+0.34
Sortino ratio: Return per unit of downside risk	5.56	5.19	+0.37
Omega ratio: Gain probability vs. loss probability	1.73	1.65	+0.08
Calmar ratio: Return relative to maximum drawdown	6.33	6.74	-0.41
Martin ratio: Return relative to average drawdown	24.22	24.35	-0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGIPX vs. SABTX - Sharpe Ratio Comparison

The current FGIPX Sharpe Ratio is 4.03, which is comparable to the SABTX Sharpe Ratio of 3.69. The chart below compares the historical Sharpe Ratios of FGIPX and SABTX, 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

	FGIPX	SABTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.03	3.69	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	0.67	+0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.61	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.37	+0.37

Drawdowns

FGIPX vs. SABTX - Drawdown Comparison

The maximum FGIPX drawdown since its inception was -37.32%, smaller than the maximum SABTX drawdown of -66.96%. Use the drawdown chart below to compare losses from any high point for FGIPX and SABTX.

Drawdown Indicators

	FGIPX	SABTX	Difference
Max Drawdown Largest peak-to-trough decline	-37.32%	-66.96%	+29.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	-6.36%	-0.90%
Max Drawdown (3Y) Largest decline over 3 years	-13.27%	-16.63%	+3.36%
Max Drawdown (5Y) Largest decline over 5 years	-16.19%	-20.42%	+4.23%
Max Drawdown (10Y) Largest decline over 10 years	-37.32%	-42.00%	+4.68%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.18%	-11.32%	+7.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.73%	+0.16%

Volatility

FGIPX vs. SABTX - Volatility Comparison

The current volatility for Nomura Growth and Income Fund Institutional Class (FGIPX) is 2.79%, while SA U.S. Value Fund (SABTX) has a volatility of 2.99%. This indicates that FGIPX experiences smaller price fluctuations and is considered to be less risky than SABTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGIPX	SABTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.99%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	8.33%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.40%	11.63%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	16.37%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.12%	19.17%	-2.05%

FGIPX vs. SABTX - Expense Ratio Comparison

FGIPX has a 0.77% expense ratio, which is higher than SABTX's 0.73% expense ratio.

Dividends

FGIPX vs. SABTX - Dividend Comparison

FGIPX's dividend yield for the trailing twelve months is around 10.00%, more than SABTX's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGIPX Nomura Growth and Income Fund Institutional Class	10.00%	11.68%	12.69%	7.50%	7.35%	12.20%	2.13%	52.72%	25.63%	5.58%	4.22%	5.88%
SABTX SA U.S. Value Fund	3.29%	3.88%	2.60%	1.67%	7.66%	4.25%	1.52%	5.14%	9.80%	10.36%	5.08%	6.83%

Frequently Asked Questions

Can I hold both FGIPX and SABTX in my portfolio?

FGIPX and SABTX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGIPX or SABTX?

SABTX has higher volatility (2.99%) compared to FGIPX (2.79%). In terms of maximum drawdown, FGIPX dropped -37.32% vs SABTX's -66.96%.

Which has better risk-adjusted returns?

FGIPX currently has the higher Sharpe Ratio (4.03 vs 3.69), 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.