PNAIX vs. SGOVX
PNAIX (T. Rowe Price All-Cap Opportunities Fund I Class) and SGOVX (First Eagle Overseas Fund) are both mutual funds - PNAIX is a Large Cap Growth Equities fund tracking the Russell 3000 Index, while SGOVX is a Foreign Large Cap Equities fund managed by First Eagle. Over the past 10 years, PNAIX returned 15.46%/yr vs 8.24%/yr for SGOVX. A 0.62 correlation means they provide meaningful diversification when combined. PNAIX charges 0.66%/yr vs 1.16%/yr for SGOVX.
Performance
PNAIX vs. SGOVX - Performance Comparison
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Returns By Period
In the year-to-date period, PNAIX achieves a -1.66% return, which is significantly lower than SGOVX's 7.60% return. Over the past 10 years, PNAIX has outperformed SGOVX with an annualized return of 15.46%, while SGOVX has yielded a comparatively lower 8.24% annualized return.
PNAIX
- 1D
- 2.25%
- 1M
- -1.01%
- YTD
- -1.66%
- 6M
- -1.61%
- 1Y
- 10.14%
- 3Y*
- 17.41%
- 5Y*
- 9.52%
- 10Y*
- 15.46%
SGOVX
- 1D
- 2.06%
- 1M
- -2.56%
- YTD
- 7.60%
- 6M
- 8.67%
- 1Y
- 23.76%
- 3Y*
- 17.58%
- 5Y*
- 9.30%
- 10Y*
- 8.24%
PNAIX vs. SGOVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class | -1.66% | 16.53% | 25.43% | 29.18% | -21.25% | 20.76% | 44.92% | 35.66% | 1.40% | 20.15% |
SGOVX First Eagle Overseas Fund | 7.60% | 38.69% | 6.16% | 10.41% | -8.07% | 4.94% | 6.95% | 17.60% | -10.26% | 14.06% |
Correlation
The correlation between PNAIX and SGOVX is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.62 |
The correlation between PNAIX and SGOVX has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
PNAIX vs. SGOVX — Risk / Return Rank
PNAIX
SGOVX
PNAIX vs. SGOVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) 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.
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.
| PNAIX | SGOVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.19 | -1.44 |
| Martin ratioReturn relative to average drawdown | 2.60 | 7.18 | -4.57 |
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Drawdowns
PNAIX vs. SGOVX - Drawdown Comparison
The maximum PNAIX drawdown since its inception was -30.49%, smaller than the maximum SGOVX drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for PNAIX and SGOVX.
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Drawdown Indicators
| PNAIX | SGOVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -35.68% | +5.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.02% | -11.38% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -11.38% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -21.49% | -7.80% |
Max Drawdown (10Y)Largest decline over 10 years | -30.49% | -24.85% | -5.64% |
Current DrawdownCurrent decline from peak | -3.56% | -5.55% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -4.46% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 3.47% | +0.54% |
Volatility
PNAIX vs. SGOVX - Volatility Comparison
T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) has a higher volatility of 5.17% compared to First Eagle Overseas Fund (SGOVX) at 4.18%. This indicates that PNAIX'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
| PNAIX | SGOVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 4.18% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 10.81% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 12.66% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 11.98% | +5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 11.46% | +7.74% |
PNAIX vs. SGOVX - Expense Ratio Comparison
PNAIX has a 0.66% expense ratio, which is lower than SGOVX's 1.16% expense ratio.
Dividends
PNAIX vs. SGOVX - Dividend Comparison
PNAIX's dividend yield for the trailing twelve months is around 8.68%, more than SGOVX's 7.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class | 8.68% | 8.53% | 9.37% | 5.23% | 3.31% | 20.62% | 15.56% | 7.43% | 12.75% | 0.29% | 0.00% | 0.00% |
SGOVX First Eagle Overseas Fund | 7.87% | 8.47% | 8.43% | 2.24% | 3.62% | 5.76% | 0.21% | 5.54% | 3.05% | 3.40% | 3.59% | 1.32% |
Frequently Asked Questions
PNAIX and SGOVX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNAIX has higher volatility (5.17%) compared to SGOVX (4.18%). In terms of maximum drawdown, PNAIX dropped -30.49% vs SGOVX's -35.68%.
SGOVX currently has the higher Sharpe Ratio (1.97 vs 0.75), 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.
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