SBMBX vs. MGIFX

Last updated Jul 14, 2026

SBMBX (Saratoga Energy & Basic Materials Fund) and MGIFX (Mondrian Global Listed Infrastructure Fund) are both Energy Equities funds. A 0.50 correlation means they provide meaningful diversification when combined. SBMBX charges 3.30%/yr vs 0.95%/yr for MGIFX.

Performance

SBMBX vs. MGIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saratoga Energy & Basic Materials Fund (SBMBX) and Mondrian Global Listed Infrastructure Fund (MGIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SBMBX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: -0.95%
• 3Y*: 1.83%
• 5Y*: 4.96%
• 10Y*: 2.18%

MGIFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SBMBX vs. MGIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SBMBX Saratoga Energy & Basic Materials Fund	0.00%	5.05%	-7.25%	6.28%	19.60%	25.58%	-19.21%	-0.96%	0.58%
MGIFX Mondrian Global Listed Infrastructure Fund	13.34%	28.20%	-0.47%	7.88%	-3.61%	11.74%	-0.69%	31.06%	0.00%

Correlation

The correlation between SBMBX and MGIFX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Dec 31, 2018	0.50

Over the past year, the correlation between SBMBX and MGIFX has dropped to 0.22 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

SBMBX vs. MGIFX — Risk / Return Rank

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

SBMBX

SBMBX Risk / Return Rank: 4
SBMBX Sharpe Ratio Rank: 4
SBMBX Sortino Ratio Rank: 4
SBMBX Omega Ratio Rank: 4
SBMBX Calmar Ratio Rank: 4
SBMBX Martin Ratio Rank: 4

MGIFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SBMBX vs. MGIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saratoga Energy & Basic Materials Fund (SBMBX) and Mondrian Global Listed Infrastructure Fund (MGIFX). 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.

	SBMBX	MGIFX	Difference
Sharpe ratio: Return per unit of total volatility	0.07	—	—
Sortino ratio: Return per unit of downside risk	0.16	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.12	—	—
Martin ratio: Return relative to average drawdown	0.23	—	—

Drawdowns

Drawdown Indicators

	SBMBX	MGIFX	Difference
Max Drawdown Largest peak-to-trough decline	-74.35%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-65.48%	—	—
Current Drawdown Current decline from peak	-31.22%	—	—
Average Drawdown Average peak-to-trough decline	-28.69%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	—	—

Volatility

Volatility by Period

	SBMBX	MGIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.77%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.93%	—	—

SBMBX vs. MGIFX - Expense Ratio Comparison

SBMBX has a 3.30% expense ratio, which is higher than MGIFX's 0.95% expense ratio.

Dividends

SBMBX vs. MGIFX - Dividend Comparison

SBMBX's dividend yield for the trailing twelve months is around 2.13%, less than MGIFX's 49.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MGIFX Mondrian Global Listed Infrastructure Fund	49.24%	7.56%	3.17%	5.41%	8.60%	7.13%	6.18%	6.74%
SBMBX Saratoga Energy & Basic Materials Fund	2.13%	2.13%	2.17%	0.00%	2.75%	0.75%	1.32%	0.00%

Frequently Asked Questions

Can I hold both SBMBX and MGIFX in my portfolio?

SBMBX and MGIFX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.