SGGDX vs. SGOVX

Last updated Aug 1, 2026

SGGDX (First Eagle Gold Fund) and SGOVX (First Eagle Overseas Fund) are both mutual funds - SGGDX is a Gold fund managed by First Eagle, while SGOVX is a Foreign Large Cap Equities fund managed by First Eagle. Over the past 10 years, SGGDX returned 10.52%/yr vs 8.13%/yr for SGOVX. Their 0.47 correlation means their historical movements had little consistent relationship. SGGDX charges 1.19%/yr vs 1.16%/yr for SGOVX.

Performance

SGGDX vs. SGOVX - 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 (SGOVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGGDX achieves a -7.30% return, which is significantly lower than SGOVX's 11.94% return. Over the past 10 years, SGGDX has outperformed SGOVX with an annualized return of 10.52%, while SGOVX has yielded a comparatively lower 8.13% annualized return.

SGGDX

• 1D: 3.06%
• 1M: -1.10%
• 6M: -15.86%
• YTD: -7.30%
• 1Y: 44.46%
• 3Y*: 33.04%
• 5Y*: 18.55%
• 10Y*: 10.52%
• ALL TIME*: 7.39%

SGOVX

• 1D: 2.01%
• 1M: 4.04%
• 6M: 5.13%
• YTD: 11.94%
• 1Y: 29.66%
• 3Y*: 18.51%
• 5Y*: 10.72%
• 10Y*: 8.13%
• ALL TIME*: 9.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SGGDX First Eagle Gold Fund	$0.00	$0.00	$0.00
SGOVX First Eagle Overseas Fund	$0.00	$0.00	$0.00

SGGDX vs. SGOVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGGDX First Eagle Gold Fund	-7.30%	128.39%	10.32%	7.01%	-1.56%	-7.78%	29.63%	38.51%	-15.90%	8.12%
SGOVX First Eagle Overseas Fund	11.94%	38.69%	6.16%	10.41%	-8.07%	4.94%	6.95%	17.60%	-10.26%	14.06%

Correlation

The correlation between SGGDX and SGOVX is 0.70, 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.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (10Y) Provides a long-term view across more market conditions.	0.54
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.47

Over the past year, SGGDX and SGOVX have become more correlated (0.70) than their long-term average of 0.47, meaning their price movements have been converging.

Return for Risk

SGGDX vs. SGOVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SGGDX

SGGDX Risk / Return Rank: 34
SGGDX Sharpe Ratio Rank: 40
SGGDX Sortino Ratio Rank: 34
SGGDX Omega Ratio Rank: 40
SGGDX Calmar Ratio Rank: 32
SGGDX Martin Ratio Rank: 22

SGOVX

SGOVX Risk / Return Rank: 79
SGOVX Sharpe Ratio Rank: 90
SGOVX Sortino Ratio Rank: 84
SGOVX Omega Ratio Rank: 85
SGOVX Calmar Ratio Rank: 79
SGOVX Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SGGDX vs. SGOVX - 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 (SGOVX). 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.

	SGGDX	SGOVX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	2.27	-1.12
Sortino ratio: Return per unit of downside risk	1.55	2.98	-1.43
Omega ratio: Gain probability vs. loss probability	1.22	1.42	-0.20
Calmar ratio: Return relative to maximum drawdown	1.35	2.57	-1.22
Martin ratio: Return relative to average drawdown	2.96	7.43	-4.47

SGGDX vs. SGOVX - Sharpe Ratio Comparison

The current SGGDX Sharpe Ratio is 1.15, which is lower than the SGOVX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of SGGDX and SGOVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SGGDX vs. SGOVX - Drawdown Comparison

The maximum SGGDX drawdown since its inception was -70.69%, which is greater than SGOVX's maximum drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for SGGDX and SGOVX.

Drawdown Indicators

	SGGDX	SGOVX	Difference
Max Drawdown Largest peak-to-trough decline	-70.69%	-35.68%	-35.01%
Max Drawdown (1Y) Largest decline over 1 year	-34.57%	-11.38%	-23.19%
Max Drawdown (3Y) Largest decline over 3 years	-34.57%	-11.38%	-23.19%
Max Drawdown (5Y) Largest decline over 5 years	-34.57%	-20.42%	-14.15%
Max Drawdown (10Y) Largest decline over 10 years	-42.16%	-24.85%	-17.31%
Current Drawdown Current decline from peak	-30.18%	-1.73%	-28.45%
Average Drawdown Average peak-to-trough decline	-29.43%	-4.46%	-24.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.71%	3.93%	+11.78%

Volatility

SGGDX vs. SGOVX - Volatility Comparison

First Eagle Gold Fund (SGGDX) has a higher volatility of 9.82% compared to First Eagle Overseas Fund (SGOVX) at 3.46%. This indicates that SGGDX's price experiences larger fluctuations and is considered to be riskier than SGOVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGGDX	SGOVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.82%	3.46%	+6.36%
Volatility (6M) Calculated over the trailing 6-month period	33.80%	11.12%	+22.68%
Volatility (1Y) Calculated over the trailing 1-year period	40.64%	12.95%	+27.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.48%	12.03%	+17.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.41%	11.44%	+15.97%

SGGDX vs. SGOVX - Expense Ratio Comparison

SGGDX has a 1.19% expense ratio, which is higher than SGOVX's 1.16% expense ratio.

Dividends

SGGDX vs. SGOVX - Dividend Comparison

SGGDX's dividend yield for the trailing twelve months is around 1.17%, less than SGOVX's 7.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGGDX First Eagle Gold Fund	1.17%	1.08%	5.26%	0.87%	0.00%	0.96%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOVX First Eagle Overseas Fund	7.57%	8.47%	8.43%	2.24%	3.62%	5.76%	0.21%	5.54%	3.05%	3.40%	3.59%	1.32%

Frequently Asked Questions

Can I hold both SGGDX and SGOVX in my portfolio?

SGGDX and SGOVX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGGDX or SGOVX?

SGGDX has higher volatility (9.82%) compared to SGOVX (3.46%). In terms of maximum drawdown, SGGDX dropped -70.69% vs SGOVX's -35.68%.

Which has better risk-adjusted returns?

SGOVX currently has the higher Sharpe Ratio (2.27 vs 1.15), 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.