SGENX vs. MSTGX
SGENX (First Eagle Global Fund Class A) and MSTGX (Morningstar Global Income Fund) are both Global Allocation funds. Over the past 5 years, SGENX returned 11.17%/yr vs 4.65%/yr for MSTGX. Their correlation of 0.83 means they have usually moved in the same direction. SGENX charges 1.10%/yr vs 0.62%/yr for MSTGX.
Performance
SGENX vs. MSTGX - Performance Comparison
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Returns By Period
In the year-to-date period, SGENX achieves a 8.15% return, which is significantly higher than MSTGX's 6.95% return.
SGENX
- 1D
- -0.03%
- 1M
- 1.99%
- 6M
- 2.27%
- YTD
- 8.15%
- 1Y
- 25.07%
- 3Y*
- 17.38%
- 5Y*
- 11.17%
- 10Y*
- 9.83%
- ALL TIME*
- 10.14%
MSTGX
- 1D
- -0.57%
- 1M
- 0.29%
- 6M
- 2.94%
- YTD
- 6.95%
- 1Y
- 10.45%
- 3Y*
- 9.83%
- 5Y*
- 4.65%
- 10Y*
- —
- ALL TIME*
- 6.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SGENX vs. MSTGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGENX First Eagle Global Fund Class A | 8.15% | 31.62% | 11.78% | 12.77% | -6.46% | 12.20% | 8.33% | 20.16% | -4.65% |
MSTGX Morningstar Global Income Fund | 6.95% | 12.04% | 5.36% | 11.91% | -11.18% | 8.46% | 3.92% | 19.97% | -3.56% |
Correlation
The correlation between SGENX and MSTGX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.83 |
Over the past year, the correlation between SGENX and MSTGX has dropped to 0.62 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
SGENX vs. MSTGX — Risk / Return Rank
SGENX
MSTGX
SGENX vs. MSTGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Fund Class A (SGENX) and Morningstar Global Income Fund (MSTGX). 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.
| SGENX | MSTGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.92 | -0.57 |
| Martin ratioReturn relative to average drawdown | 7.02 | 9.26 | -2.24 |
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Drawdowns
SGENX vs. MSTGX - Drawdown Comparison
The maximum SGENX drawdown since its inception was -37.60%, which is greater than MSTGX's maximum drawdown of -27.52%. Use the drawdown chart below to compare losses from any high point for SGENX and MSTGX.
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Drawdown Indicators
| SGENX | MSTGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.60% | -27.52% | -10.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -4.38% | -6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -10.53% | -6.56% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -19.57% | -19.64% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -27.68% | — | — |
Current DrawdownCurrent decline from peak | -2.62% | -0.57% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -4.25% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 1.27% | +2.25% |
Volatility
SGENX vs. MSTGX - Volatility Comparison
First Eagle Global Fund Class A (SGENX) has a higher volatility of 3.00% compared to Morningstar Global Income Fund (MSTGX) at 1.66%. This indicates that SGENX's price experiences larger fluctuations and is considered to be riskier than MSTGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGENX | MSTGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 1.66% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 4.92% | +4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 6.35% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.02% | 8.11% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.50% | 10.75% | +1.75% |
SGENX vs. MSTGX - Expense Ratio Comparison
SGENX has a 1.10% expense ratio, which is higher than MSTGX's 0.62% expense ratio.
Dividends
SGENX vs. MSTGX - Dividend Comparison
SGENX's dividend yield for the trailing twelve months is around 8.74%, more than MSTGX's 3.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTGX Morningstar Global Income Fund | 3.46% | 2.97% | 6.64% | 6.32% | 8.79% | 10.48% | 2.96% | 4.11% | 0.56% | 0.00% | 0.00% | 0.00% |
SGENX First Eagle Global Fund Class A | 8.74% | 9.45% | 5.46% | 3.52% | 4.17% | 6.27% | 2.38% | 5.48% | 6.35% | 4.23% | 4.72% | 1.16% |
Frequently Asked Questions
SGENX and MSTGX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGENX has higher volatility (3.00%) compared to MSTGX (1.66%). In terms of maximum drawdown, SGENX dropped -37.60% vs MSTGX's -27.52%.
SGENX currently has the higher Sharpe Ratio (2.10 vs 2.02), 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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