NEFSX vs. SPGP

Last updated Jun 24, 2026

NEFSX (Natixis Funds Trust I U.S. Equity Opportunities Fund) and SPGP (Invesco S&P 500 GARP ETF) are both funds - NEFSX is a Large Cap Growth Equities fund managed by Natixis, while SPGP is a Multi-factor fund tracking the S&P 500 GARP Index. Over the past 10 years, NEFSX returned 15.22%/yr vs 15.37%/yr for SPGP. Their correlation of 0.81 suggests significant overlap in exposure. NEFSX charges 1.14%/yr vs 0.36%/yr for SPGP.

Performance

NEFSX vs. SPGP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Natixis Funds Trust I U.S. Equity Opportunities Fund (NEFSX) and Invesco S&P 500 GARP ETF (SPGP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEFSX achieves a -1.97% return, which is significantly lower than SPGP's 5.38% return. Both investments have delivered pretty close results over the past 10 years, with NEFSX having a 15.22% annualized return and SPGP not far ahead at 15.37%.

NEFSX

• 1D: 0.00%
• 1M: -1.73%
• YTD: -1.97%
• 6M: -2.86%
• 1Y: 8.98%
• 3Y*: 17.67%
• 5Y*: 10.42%
• 10Y*: 15.22%

SPGP

• 1D: -0.40%
• 1M: 1.15%
• YTD: 5.38%
• 6M: 3.93%
• 1Y: 15.59%
• 3Y*: 12.41%
• 5Y*: 7.93%
• 10Y*: 15.37%

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

NEFSX vs. SPGP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEFSX Natixis Funds Trust I U.S. Equity Opportunities Fund	-1.97%	17.23%	25.79%	37.13%	-21.15%	23.21%	22.12%	31.08%	-6.67%	26.28%
SPGP Invesco S&P 500 GARP ETF	5.38%	9.80%	8.48%	20.29%	-13.83%	35.72%	15.92%	39.16%	1.68%	36.24%

Correlation

The correlation between NEFSX and SPGP is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 16, 2011	0.81

The correlation between NEFSX and SPGP shifts across timeframes, from 0.67 (1 year) to 0.84 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

NEFSX vs. SPGP — Risk / Return Rank

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

NEFSX

NEFSX Risk / Return Rank: 11
NEFSX Sharpe Ratio Rank: 11
NEFSX Sortino Ratio Rank: 11
NEFSX Omega Ratio Rank: 11
NEFSX Calmar Ratio Rank: 11
NEFSX Martin Ratio Rank: 12

SPGP

SPGP Risk / Return Rank: 30
SPGP Sharpe Ratio Rank: 29
SPGP Sortino Ratio Rank: 29
SPGP Omega Ratio Rank: 27
SPGP Calmar Ratio Rank: 29
SPGP Martin Ratio Rank: 36

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.

NEFSX vs. SPGP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Natixis Funds Trust I U.S. Equity Opportunities Fund (NEFSX) and Invesco S&P 500 GARP ETF (SPGP). 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.

	NEFSX	SPGP	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.99	-0.14
Sortino ratio: Return per unit of downside risk	1.25	1.50	-0.25
Omega ratio: Gain probability vs. loss probability	1.15	1.18	-0.02
Calmar ratio: Return relative to maximum drawdown	1.02	1.40	-0.39
Martin ratio: Return relative to average drawdown	3.14	5.34	-2.20

NEFSX vs. SPGP - Sharpe Ratio Comparison

The current NEFSX Sharpe Ratio is 0.86, which is comparable to the SPGP Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of NEFSX and SPGP, 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

NEFSX vs. SPGP - Drawdown Comparison

The maximum NEFSX drawdown since its inception was -55.83%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for NEFSX and SPGP.

Drawdown Indicators

	NEFSX	SPGP	Difference
Max Drawdown Largest peak-to-trough decline	-55.83%	-42.08%	-13.75%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-11.15%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-19.58%	-22.87%	+3.29%
Max Drawdown (5Y) Largest decline over 5 years	-30.08%	-22.87%	-7.21%
Max Drawdown (10Y) Largest decline over 10 years	-32.27%	-42.08%	+9.81%
Current Drawdown Current decline from peak	-3.85%	-1.69%	-2.16%
Average Drawdown Average peak-to-trough decline	-11.73%	-4.35%	-7.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	2.92%	+0.43%

Volatility

NEFSX vs. SPGP - Volatility Comparison

The current volatility for Natixis Funds Trust I U.S. Equity Opportunities Fund (NEFSX) is 4.23%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 5.41%. This indicates that NEFSX experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEFSX	SPGP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	5.41%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	10.25%	12.33%	-2.08%
Volatility (1Y) Calculated over the trailing 1-year period	13.33%	15.77%	-2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.64%	18.62%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	21.22%	-1.49%

NEFSX vs. SPGP - Expense Ratio Comparison

NEFSX has a 1.14% expense ratio, which is higher than SPGP's 0.36% expense ratio.

Dividends

NEFSX vs. SPGP - Dividend Comparison

NEFSX's dividend yield for the trailing twelve months is around 9.49%, more than SPGP's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEFSX Natixis Funds Trust I U.S. Equity Opportunities Fund	9.49%	5.92%	6.38%	8.13%	18.10%	11.12%	13.07%	10.85%	11.18%	3.55%	1.88%	5.09%
SPGP Invesco S&P 500 GARP ETF	0.85%	1.04%	1.38%	1.24%	1.22%	0.69%	1.10%	0.86%	0.95%	0.68%	0.89%	1.12%

Frequently Asked Questions

Can I hold both NEFSX and SPGP in my portfolio?

NEFSX and SPGP 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, NEFSX or SPGP?

SPGP has higher volatility (5.41%) compared to NEFSX (4.23%). In terms of maximum drawdown, NEFSX dropped -55.83% vs SPGP's -42.08%.

Which has better risk-adjusted returns?

SPGP currently has the higher Sharpe Ratio (0.99 vs 0.86), 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.