SAXIX vs. GGBFX
SAXIX (SA Global Fixed Income Fund) and GGBFX (GuideStone Funds Global Bond Fund) are both Global Bonds funds. Over the past 10 years, SAXIX returned 1.27%/yr vs 1.66%/yr for GGBFX. At a 0.36 correlation, their price movements are largely independent. SAXIX charges 0.71%/yr vs 0.86%/yr for GGBFX.
Performance
SAXIX vs. GGBFX - Performance Comparison
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Returns By Period
In the year-to-date period, SAXIX achieves a 1.61% return, which is significantly higher than GGBFX's -0.05% return. Over the past 10 years, SAXIX has underperformed GGBFX with an annualized return of 1.27%, while GGBFX has yielded a comparatively higher 1.66% annualized return.
SAXIX
- 1D
- -0.11%
- 1M
- 0.57%
- YTD
- 1.61%
- 6M
- 1.85%
- 1Y
- 3.69%
- 3Y*
- 4.85%
- 5Y*
- 1.50%
- 10Y*
- 1.27%
GGBFX
- 1D
- -0.23%
- 1M
- 0.50%
- YTD
- -0.05%
- 6M
- 0.06%
- 1Y
- 2.85%
- 3Y*
- 3.86%
- 5Y*
- -0.62%
- 10Y*
- 1.66%
SAXIX vs. GGBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAXIX SA Global Fixed Income Fund | 1.61% | 4.87% | 5.33% | 4.55% | -6.79% | -1.59% | 0.89% | 3.40% | 1.17% | 1.17% |
GGBFX GuideStone Funds Global Bond Fund | -0.05% | 7.55% | 0.40% | 5.77% | -13.90% | -2.57% | 5.03% | 11.04% | -4.74% | 7.69% |
Correlation
The correlation between SAXIX and GGBFX is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.36 |
Over the past year, SAXIX and GGBFX have become more correlated (0.65) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
SAXIX vs. GGBFX — Risk / Return Rank
SAXIX
GGBFX
SAXIX vs. GGBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SA Global Fixed Income Fund (SAXIX) and GuideStone Funds Global Bond Fund (GGBFX). 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.
| SAXIX | GGBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.13 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 0.81 | +1.89 |
| Martin ratioReturn relative to average drawdown | 8.92 | 2.44 | +6.47 |
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Drawdowns
SAXIX vs. GGBFX - Drawdown Comparison
The maximum SAXIX drawdown since its inception was -9.94%, smaller than the maximum GGBFX drawdown of -27.03%. Use the drawdown chart below to compare losses from any high point for SAXIX and GGBFX.
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Drawdown Indicators
| SAXIX | GGBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.94% | -27.03% | +17.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -3.80% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -6.01% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -9.94% | -20.84% | +10.90% |
Max Drawdown (10Y)Largest decline over 10 years | -9.94% | -20.97% | +11.03% |
Current DrawdownCurrent decline from peak | -0.23% | -4.25% | +4.02% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -4.63% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 1.26% | -0.80% |
Volatility
SAXIX vs. GGBFX - Volatility Comparison
The current volatility for SA Global Fixed Income Fund (SAXIX) is 0.53%, while GuideStone Funds Global Bond Fund (GGBFX) has a volatility of 1.28%. This indicates that SAXIX experiences smaller price fluctuations and is considered to be less risky than GGBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAXIX | GGBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.28% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 3.25% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 4.13% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 4.98% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.09% | 4.51% | -2.42% |
SAXIX vs. GGBFX - Expense Ratio Comparison
SAXIX has a 0.71% expense ratio, which is lower than GGBFX's 0.86% expense ratio.
Dividends
SAXIX vs. GGBFX - Dividend Comparison
SAXIX's dividend yield for the trailing twelve months is around 4.77%, more than GGBFX's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGBFX GuideStone Funds Global Bond Fund | 3.06% | 3.05% | 2.88% | 1.10% | 0.95% | 3.55% | 1.44% | 3.29% | 3.13% | 3.45% | 3.96% | 4.01% |
SAXIX SA Global Fixed Income Fund | 4.77% | 4.85% | 6.01% | 0.00% | 3.58% | 0.00% | 2.16% | 2.83% | 2.11% | 0.85% | 1.25% | 0.80% |
Frequently Asked Questions
SAXIX and GGBFX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGBFX has higher volatility (1.28%) compared to SAXIX (0.53%). In terms of maximum drawdown, SAXIX dropped -9.94% vs GGBFX's -27.03%.
SAXIX currently has the higher Sharpe Ratio (2.17 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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