SGGDX vs. SGOIX

Last updated Apr 1, 2026

Compare and contrast key facts about First Eagle Gold Fund (SGGDX) and First Eagle Overseas Fund Class I (SGOIX).

SGGDX is managed by First Eagle. It was launched on Aug 30, 1993. SGOIX is managed by First Eagle.

Performance

SGGDX vs. SGOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Gold Fund (SGGDX) and First Eagle Overseas Fund Class I (SGOIX). The values are adjusted to include any dividend payments, if applicable.

SGGDX vs. SGOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGGDX First Eagle Gold Fund	2.57%	128.39%	10.32%	7.01%	-1.56%	-7.78%	29.63%	38.51%	-15.90%	8.12%
SGOIX First Eagle Overseas Fund Class I	1.44%	39.06%	6.45%	10.73%	-7.86%	5.25%	7.25%	17.90%	-9.95%	14.38%

Returns By Period

In the year-to-date period, SGGDX achieves a 2.57% return, which is significantly higher than SGOIX's 1.44% return. Over the past 10 years, SGGDX has outperformed SGOIX with an annualized return of 15.55%, while SGOIX has yielded a comparatively lower 8.06% annualized return.

SGGDX

• 1D: -0.12%
• 1M: -22.40%
• YTD: 2.57%
• 6M: 18.94%
• 1Y: 78.09%
• 3Y*: 35.63%
• 5Y*: 22.59%
• 10Y*: 15.55%

SGOIX

• 1D: 0.19%
• 1M: -10.98%
• YTD: 1.44%
• 6M: 7.39%
• 1Y: 27.04%
• 3Y*: 15.87%
• 5Y*: 9.77%
• 10Y*: 8.06%

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

SGGDX vs. SGOIX - Expense Ratio Comparison

SGGDX has a 1.19% expense ratio, which is higher than SGOIX's 0.88% expense ratio.

SGGDX

First Eagle Gold Fund

SGOIX

First Eagle Overseas Fund Class I

Return for Risk

SGGDX vs. SGOIX — Risk / Return Rank

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

SGGDX

SGGDX Risk / Return Rank: 90
SGGDX Sharpe Ratio Rank: 93
SGGDX Sortino Ratio Rank: 87
SGGDX Omega Ratio Rank: 86
SGGDX Calmar Ratio Rank: 93
SGGDX Martin Ratio Rank: 92

SGOIX

SGOIX Risk / Return Rank: 89
SGOIX Sharpe Ratio Rank: 92
SGOIX Sortino Ratio Rank: 90
SGOIX Omega Ratio Rank: 89
SGOIX Calmar Ratio Rank: 87
SGOIX Martin Ratio Rank: 88

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.

SGGDX vs. SGOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund (SGGDX) and First Eagle Overseas Fund Class I (SGOIX). 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.

	SGGDX	SGOIX	Difference
Sharpe ratio Return per unit of total volatility	2.06	1.97	+0.09
Sortino ratio Return per unit of downside risk	2.32	2.51	-0.19
Omega ratio Gain probability vs. loss probability	1.35	1.39	-0.03
Calmar ratio Return relative to maximum drawdown	2.96	2.25	+0.71
Martin ratio Return relative to average drawdown	10.93	9.52	+1.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGGDX vs. SGOIX - Sharpe Ratio Comparison

The current SGGDX Sharpe Ratio is 2.06, which is comparable to the SGOIX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of SGGDX and SGOIX, 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

	SGGDX	SGOIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.97	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.84	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.71	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.87	-0.58

Correlation

The correlation between SGGDX and SGOIX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SGGDX vs. SGOIX - Dividend Comparison

SGGDX's dividend yield for the trailing twelve months is around 1.05%, less than SGOIX's 8.33% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGGDX First Eagle Gold Fund	1.05%	1.08%	5.26%	0.87%	0.00%	0.96%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOIX First Eagle Overseas Fund Class I	8.33%	8.45%	8.49%	2.45%	3.81%	5.92%	0.47%	5.70%	3.36%	3.59%	3.80%	1.58%

Drawdowns

SGGDX vs. SGOIX - Drawdown Comparison

The maximum SGGDX drawdown since its inception was -70.69%, which is greater than SGOIX's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for SGGDX and SGOIX.

Drawdown Indicators

	SGGDX	SGOIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.69%	-35.54%	-35.15%
Max Drawdown (1Y) Largest decline over 1 year	-26.67%	-11.35%	-15.32%
Max Drawdown (5Y) Largest decline over 5 years	-34.02%	-21.39%	-12.63%
Max Drawdown (10Y) Largest decline over 10 years	-42.16%	-24.79%	-17.37%
Current Drawdown Current decline from peak	-22.75%	-10.98%	-11.77%
Average Drawdown Average peak-to-trough decline	-29.49%	-4.57%	-24.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.21%	2.68%	+4.53%

Volatility

SGGDX vs. SGOIX - Volatility Comparison

First Eagle Gold Fund (SGGDX) has a higher volatility of 13.90% compared to First Eagle Overseas Fund Class I (SGOIX) at 5.81%. This indicates that SGGDX's price experiences larger fluctuations and is considered to be riskier than SGOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGGDX	SGOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.90%	5.81%	+8.09%
Volatility (6M) Calculated over the trailing 6-month period	32.50%	9.60%	+22.90%
Volatility (1Y) Calculated over the trailing 1-year period	38.59%	13.48%	+25.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.10%	11.73%	+16.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.14%	11.34%	+15.80%