FIDEX vs. SGOIX

Last updated Aug 4, 2026

FIDEX (Fidelity SAI Sustainable U.S. Equity Fund) and SGOIX (First Eagle Overseas Fund Class I) are both mutual funds - FIDEX is a Large Cap Blend Equities fund actively managed by Fidelity, while SGOIX is a Foreign Large Cap Equities fund managed by First Eagle. Over the past 3 years, FIDEX returned 18.04%/yr vs 18.83%/yr for SGOIX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. FIDEX charges 0.56%/yr vs 0.88%/yr for SGOIX.

Performance

FIDEX vs. SGOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Sustainable U.S. Equity Fund (FIDEX) 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, FIDEX achieves a 12.43% return, which is significantly higher than SGOIX's 11.27% return.

FIDEX

• 1D: 0.36%
• 1M: -0.60%
• 6M: 9.53%
• YTD: 12.43%
• 1Y: 23.44%
• 3Y*: 18.04%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.78%

SGOIX

• 1D: -0.77%
• 1M: 3.29%
• 6M: 4.81%
• YTD: 11.27%
• 1Y: 29.00%
• 3Y*: 18.83%
• 5Y*: 10.84%
• 10Y*: 8.35%
• ALL TIME*: 10.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FIDEX Fidelity SAI Sustainable U.S. Equity Fund	$0.00	$0.00	$0.00
SGOIX First Eagle Overseas Fund Class I	$0.00	$0.00	$0.00

FIDEX vs. SGOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FIDEX Fidelity SAI Sustainable U.S. Equity Fund	12.43%	15.80%	21.44%	24.99%	-8.88%
SGOIX First Eagle Overseas Fund Class I	11.27%	39.06%	6.45%	10.73%	-4.20%

Correlation

The correlation between FIDEX and SGOIX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022	0.66

The correlation between FIDEX and SGOIX has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.

Return for Risk

FIDEX vs. SGOIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIDEX

FIDEX Risk / Return Rank: 53
FIDEX Sharpe Ratio Rank: 47
FIDEX Sortino Ratio Rank: 46
FIDEX Omega Ratio Rank: 43
FIDEX Calmar Ratio Rank: 55
FIDEX Martin Ratio Rank: 75

SGOIX

SGOIX Risk / Return Rank: 77
SGOIX Sharpe Ratio Rank: 90
SGOIX Sortino Ratio Rank: 83
SGOIX Omega Ratio Rank: 84
SGOIX Calmar Ratio Rank: 77
SGOIX Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIDEX vs. SGOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Sustainable U.S. Equity Fund (FIDEX) 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.

	FIDEX	SGOIX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.28	-0.84
Sortino ratio: Return per unit of downside risk	2.04	3.00	-0.96
Omega ratio: Gain probability vs. loss probability	1.26	1.42	-0.16
Calmar ratio: Return relative to maximum drawdown	2.13	2.60	-0.47
Martin ratio: Return relative to average drawdown	9.73	7.55	+2.18

FIDEX vs. SGOIX - Sharpe Ratio Comparison

The current FIDEX Sharpe Ratio is 1.44, which is lower than the SGOIX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of FIDEX 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

FIDEX vs. SGOIX - Drawdown Comparison

The maximum FIDEX drawdown since its inception was -21.90%, smaller than the maximum SGOIX drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for FIDEX and SGOIX.

Drawdown Indicators

	FIDEX	SGOIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.90%	-35.54%	+13.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-11.35%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	-11.35%	-10.55%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.79%	—
Current Drawdown Current decline from peak	-1.66%	-2.35%	+0.69%
Average Drawdown Average peak-to-trough decline	-3.61%	-4.57%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	3.90%	-1.69%

Volatility

FIDEX vs. SGOIX - Volatility Comparison

Fidelity SAI Sustainable U.S. Equity Fund (FIDEX) has a higher volatility of 3.87% compared to First Eagle Overseas Fund Class I (SGOIX) at 3.50%. This indicates that FIDEX'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

	FIDEX	SGOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	3.50%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	11.17%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	14.99%	12.96%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	12.05%	+6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	11.44%	+6.97%

FIDEX vs. SGOIX - Expense Ratio Comparison

FIDEX has a 0.56% expense ratio, which is lower than SGOIX's 0.88% expense ratio.

Dividends

FIDEX vs. SGOIX - Dividend Comparison

FIDEX's dividend yield for the trailing twelve months is around 0.15%, less than SGOIX's 7.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDEX Fidelity SAI Sustainable U.S. Equity Fund	0.15%	1.64%	1.87%	0.46%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOIX First Eagle Overseas Fund Class I	7.60%	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 FIDEX and SGOIX in my portfolio?

FIDEX and SGOIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIDEX or SGOIX?

FIDEX has higher volatility (3.87%) compared to SGOIX (3.50%). In terms of maximum drawdown, FIDEX dropped -21.90% vs SGOIX's -35.54%.

Which has better risk-adjusted returns?

SGOIX currently has the higher Sharpe Ratio (2.28 vs 1.44), 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.