SGENX vs. DBMF

Last updated Apr 1, 2026

Compare and contrast key facts about First Eagle Global Fund Class A (SGENX) and iM DBi Managed Futures Strategy ETF (DBMF).

SGENX is managed by First Eagle. It was launched on Jan 1, 1979. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.

Performance

SGENX vs. DBMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Fund Class A (SGENX) and iM DBi Managed Futures Strategy ETF (DBMF). The values are adjusted to include any dividend payments, if applicable.

SGENX vs. DBMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SGENX First Eagle Global Fund Class A	-0.50%	31.62%	11.78%	12.77%	-6.46%	12.20%	8.33%	9.43%
DBMF iM DBi Managed Futures Strategy ETF	7.87%	13.85%	7.24%	-8.94%	21.61%	11.49%	1.80%	10.67%

Returns By Period

In the year-to-date period, SGENX achieves a -0.50% return, which is significantly lower than DBMF's 7.87% return.

SGENX

• 1D: 0.14%
• 1M: -10.41%
• YTD: -0.50%
• 6M: 4.87%
• 1Y: 22.49%
• 3Y*: 15.94%
• 5Y*: 10.74%
• 10Y*: 9.65%

DBMF

• 1D: -0.20%
• 1M: -3.82%
• YTD: 7.87%
• 6M: 15.44%
• 1Y: 26.29%
• 3Y*: 9.90%
• 5Y*: 8.63%
• 10Y*: —

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

SGENX vs. DBMF - Expense Ratio Comparison

SGENX has a 1.11% expense ratio, which is higher than DBMF's 0.85% expense ratio.

SGENX

First Eagle Global Fund Class A

DBMF

iM DBi Managed Futures Strategy ETF

Return for Risk

SGENX vs. DBMF — Risk / Return Rank

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

SGENX

SGENX Risk / Return Rank: 85
SGENX Sharpe Ratio Rank: 87
SGENX Sortino Ratio Rank: 86
SGENX Omega Ratio Rank: 85
SGENX Calmar Ratio Rank: 84
SGENX Martin Ratio Rank: 84

DBMF

DBMF Risk / Return Rank: 95
DBMF Sharpe Ratio Rank: 94
DBMF Sortino Ratio Rank: 95
DBMF Omega Ratio Rank: 95
DBMF Calmar Ratio Rank: 96
DBMF Martin Ratio Rank: 97

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.

SGENX vs. DBMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Fund Class A (SGENX) and iM DBi Managed Futures Strategy ETF (DBMF). 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.

	SGENX	DBMF	Difference
Sharpe ratio Return per unit of total volatility	1.70	2.19	-0.49
Sortino ratio Return per unit of downside risk	2.30	2.98	-0.68
Omega ratio Gain probability vs. loss probability	1.34	1.46	-0.12
Calmar ratio Return relative to maximum drawdown	2.04	4.25	-2.21
Martin ratio Return relative to average drawdown	8.60	18.51	-9.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGENX vs. DBMF - Sharpe Ratio Comparison

The current SGENX Sharpe Ratio is 1.70, which is comparable to the DBMF Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of SGENX and DBMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SGENX	DBMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.19	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.68	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.74	+0.22

Correlation

The correlation between SGENX and DBMF is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SGENX vs. DBMF - Dividend Comparison

SGENX's dividend yield for the trailing twelve months is around 9.50%, more than DBMF's 5.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGENX First Eagle Global Fund Class A	9.50%	9.45%	5.46%	3.52%	4.17%	6.27%	2.38%	5.48%	6.35%	4.23%	4.72%	1.16%
DBMF iM DBi Managed Futures Strategy ETF	5.30%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SGENX vs. DBMF - Drawdown Comparison

The maximum SGENX drawdown since its inception was -37.60%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for SGENX and DBMF.

Drawdown Indicators

	SGENX	DBMF	Difference
Max Drawdown Largest peak-to-trough decline	-37.60%	-20.39%	-17.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-6.10%	-4.43%
Max Drawdown (5Y) Largest decline over 5 years	-19.57%	-20.39%	+0.82%
Max Drawdown (10Y) Largest decline over 10 years	-27.68%	—	—
Current Drawdown Current decline from peak	-10.41%	-3.82%	-6.59%
Average Drawdown Average peak-to-trough decline	-3.42%	-6.70%	+3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	1.40%	+1.10%

Volatility

SGENX vs. DBMF - Volatility Comparison

The current volatility for First Eagle Global Fund Class A (SGENX) is 4.68%, while iM DBi Managed Futures Strategy ETF (DBMF) has a volatility of 5.24%. This indicates that SGENX experiences smaller price fluctuations and is considered to be less risky than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGENX	DBMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.68%	5.24%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	8.85%	11.10%	-2.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	12.09%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.87%	12.66%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.44%	12.48%	-0.04%