HFXI vs. SGOVX
Compare and contrast key facts about IQ 50 Percent Hedged FTSE International ETF (HFXI) and First Eagle Overseas Fund (SGOVX).
HFXI is a passively managed fund by New York Life that tracks the performance of the FTSE Developed ex North America 50% Hedged to USD Index. It was launched on Jul 22, 2015. SGOVX is managed by First Eagle. It was launched on Aug 31, 1993.
Performance
HFXI vs. SGOVX - Performance Comparison
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HFXI vs. SGOVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 3.78% | 30.10% | 7.58% | 19.56% | -10.71% | 13.96% | 6.88% | 23.67% | -12.69% | 22.68% |
SGOVX First Eagle Overseas Fund | 1.35% | 38.69% | 6.16% | 10.41% | -8.07% | 4.94% | 6.95% | 17.60% | -10.26% | 14.06% |
Returns By Period
In the year-to-date period, HFXI achieves a 3.78% return, which is significantly higher than SGOVX's 1.35% return. Over the past 10 years, HFXI has outperformed SGOVX with an annualized return of 10.49%, while SGOVX has yielded a comparatively lower 7.76% annualized return.
HFXI
- 1D
- 3.13%
- 1M
- -7.94%
- YTD
- 3.78%
- 6M
- 11.06%
- 1Y
- 27.85%
- 3Y*
- 16.89%
- 5Y*
- 10.58%
- 10Y*
- 10.49%
SGOVX
- 1D
- 0.16%
- 1M
- -11.03%
- YTD
- 1.35%
- 6M
- 7.23%
- 1Y
- 26.72%
- 3Y*
- 15.56%
- 5Y*
- 9.47%
- 10Y*
- 7.76%
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HFXI vs. SGOVX - Expense Ratio Comparison
HFXI has a 0.20% expense ratio, which is lower than SGOVX's 1.16% expense ratio.
Return for Risk
HFXI vs. SGOVX — Risk / Return Rank
HFXI
SGOVX
HFXI vs. SGOVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ 50 Percent Hedged FTSE International ETF (HFXI) and First Eagle Overseas Fund (SGOVX). 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.
| HFXI | SGOVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.95 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.31 | 2.48 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.21 | +0.26 |
Martin ratioReturn relative to average drawdown | 9.41 | 9.36 | +0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HFXI | SGOVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.95 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.81 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.69 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.87 | -0.36 |
Correlation
The correlation between HFXI and SGOVX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HFXI vs. SGOVX - Dividend Comparison
HFXI's dividend yield for the trailing twelve months is around 4.34%, less than SGOVX's 8.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 4.34% | 4.19% | 2.68% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.56% | 2.71% | 0.78% |
SGOVX First Eagle Overseas Fund | 8.36% | 8.47% | 8.43% | 2.24% | 3.62% | 5.76% | 0.21% | 5.54% | 3.05% | 3.40% | 3.59% | 1.32% |
Drawdowns
HFXI vs. SGOVX - Drawdown Comparison
The maximum HFXI drawdown since its inception was -32.42%, smaller than the maximum SGOVX drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for HFXI and SGOVX.
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Drawdown Indicators
| HFXI | SGOVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.42% | -35.68% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -11.38% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -22.35% | -21.68% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -32.42% | -24.85% | -7.57% |
Current DrawdownCurrent decline from peak | -7.96% | -11.03% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -4.45% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.69% | +0.18% |
Volatility
HFXI vs. SGOVX - Volatility Comparison
IQ 50 Percent Hedged FTSE International ETF (HFXI) has a higher volatility of 7.85% compared to First Eagle Overseas Fund (SGOVX) at 5.82%. This indicates that HFXI's price experiences larger fluctuations and is considered to be riskier than SGOVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFXI | SGOVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 5.82% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 9.58% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 13.48% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 11.71% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 11.35% | +5.19% |