IESGX vs. SDMGX

Last updated Aug 1, 2026

IESGX (Sit ESG Growth Fund) and SDMGX (SIT Developing Markets Growth Fund) are both mutual funds - IESGX is a Global Equities fund managed by Sit, while SDMGX is a Emerging Markets Equities fund managed by Sit. Over the past 10 years, IESGX returned 12.05%/yr vs 9.68%/yr for SDMGX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. IESGX charges 1.00%/yr vs 1.20%/yr for SDMGX.

Performance

IESGX vs. SDMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sit ESG Growth Fund (IESGX) and SIT Developing Markets Growth Fund (SDMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IESGX achieves a 7.61% return, which is significantly lower than SDMGX's 15.69% return. Over the past 10 years, IESGX has outperformed SDMGX with an annualized return of 12.05%, while SDMGX has yielded a comparatively lower 9.68% annualized return.

IESGX

• 1D: 1.47%
• 1M: 1.54%
• 6M: 7.08%
• YTD: 7.61%
• 1Y: 17.20%
• 3Y*: 16.85%
• 5Y*: 10.19%
• 10Y*: 12.05%
• ALL TIME*: 12.13%

SDMGX

• 1D: 4.38%
• 1M: -2.07%
• 6M: 8.94%
• YTD: 15.69%
• 1Y: 37.11%
• 3Y*: 19.67%
• 5Y*: 8.33%
• 10Y*: 9.68%
• ALL TIME*: 5.43%

*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)
IESGX Sit ESG Growth Fund	$0.00	$0.00	$0.00
SDMGX SIT Developing Markets Growth Fund	$0.00	$0.00	$0.00

IESGX vs. SDMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IESGX Sit ESG Growth Fund	7.61%	19.65%	19.59%	26.67%	-21.08%	19.93%	15.91%	26.41%	-7.38%	23.71%
SDMGX SIT Developing Markets Growth Fund	15.69%	36.11%	13.58%	7.37%	-17.23%	-8.88%	23.14%	19.77%	-14.76%	43.22%

Correlation

The correlation between IESGX and SDMGX is 0.67, 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.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (10Y) Provides a long-term view across more market conditions.	0.68
Correlation (All Time) Calculated using the full available price history since Jul 6, 2016	0.68

The correlation between IESGX and SDMGX has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

Return for Risk

IESGX vs. SDMGX — Risk / Return Rank

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

IESGX

IESGX Risk / Return Rank: 38
IESGX Sharpe Ratio Rank: 37
IESGX Sortino Ratio Rank: 38
IESGX Omega Ratio Rank: 35
IESGX Calmar Ratio Rank: 36
IESGX Martin Ratio Rank: 42

SDMGX

SDMGX Risk / Return Rank: 55
SDMGX Sharpe Ratio Rank: 51
SDMGX Sortino Ratio Rank: 45
SDMGX Omega Ratio Rank: 59
SDMGX Calmar Ratio Rank: 66
SDMGX Martin Ratio Rank: 53

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.

IESGX vs. SDMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sit ESG Growth Fund (IESGX) and SIT Developing Markets Growth Fund (SDMGX). 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.

	IESGX	SDMGX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.38	-0.19
Sortino ratio: Return per unit of downside risk	1.73	1.87	-0.13
Omega ratio: Gain probability vs. loss probability	1.21	1.27	-0.06
Calmar ratio: Return relative to maximum drawdown	1.58	2.23	-0.65
Martin ratio: Return relative to average drawdown	6.27	7.27	-1.00

IESGX vs. SDMGX - Sharpe Ratio Comparison

The current IESGX Sharpe Ratio is 1.19, which is comparable to the SDMGX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of IESGX and SDMGX, 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

IESGX vs. SDMGX - Drawdown Comparison

The maximum IESGX drawdown since its inception was -32.15%, smaller than the maximum SDMGX drawdown of -67.12%. Use the drawdown chart below to compare losses from any high point for IESGX and SDMGX.

Drawdown Indicators

	IESGX	SDMGX	Difference
Max Drawdown Largest peak-to-trough decline	-32.15%	-67.12%	+34.97%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-15.00%	+5.35%
Max Drawdown (3Y) Largest decline over 3 years	-15.86%	-18.90%	+3.04%
Max Drawdown (5Y) Largest decline over 5 years	-29.64%	-37.31%	+7.67%
Max Drawdown (10Y) Largest decline over 10 years	-32.15%	-44.63%	+12.48%
Current Drawdown Current decline from peak	-0.56%	-11.27%	+10.71%
Average Drawdown Average peak-to-trough decline	-5.03%	-23.52%	+18.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	4.60%	-2.17%

Volatility

IESGX vs. SDMGX - Volatility Comparison

The current volatility for Sit ESG Growth Fund (IESGX) is 3.26%, while SIT Developing Markets Growth Fund (SDMGX) has a volatility of 8.98%. This indicates that IESGX experiences smaller price fluctuations and is considered to be less risky than SDMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IESGX	SDMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	8.98%	-5.72%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	21.67%	-11.43%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	24.18%	-11.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	20.51%	-4.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	19.85%	-3.08%

IESGX vs. SDMGX - Expense Ratio Comparison

IESGX has a 1.00% expense ratio, which is lower than SDMGX's 1.20% expense ratio.

Dividends

IESGX vs. SDMGX - Dividend Comparison

IESGX's dividend yield for the trailing twelve months is around 1.10%, more than SDMGX's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IESGX Sit ESG Growth Fund	1.10%	1.19%	0.06%	0.77%	3.29%	1.43%	0.58%	1.54%	1.41%	0.91%	0.21%	0.00%
SDMGX SIT Developing Markets Growth Fund	0.75%	0.87%	4.13%	2.03%	2.44%	2.13%	0.26%	1.75%	1.67%	1.45%	0.27%	3.13%

Frequently Asked Questions

Can I hold both IESGX and SDMGX in my portfolio?

IESGX and SDMGX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IESGX or SDMGX?

SDMGX has higher volatility (8.98%) compared to IESGX (3.26%). In terms of maximum drawdown, IESGX dropped -32.15% vs SDMGX's -67.12%.

Which has better risk-adjusted returns?

SDMGX currently has the higher Sharpe Ratio (1.38 vs 1.19), 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.