SGIIX vs. NLSIX

Last updated Apr 1, 2026

Compare and contrast key facts about First Eagle Global Fund Class I (SGIIX) and Neuberger Berman Long Short Fund (NLSIX).

SGIIX is managed by First Eagle. NLSIX is managed by Neuberger Berman. It was launched on Dec 28, 2011.

Performance

SGIIX vs. NLSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Fund Class I (SGIIX) and Neuberger Berman Long Short Fund (NLSIX). The values are adjusted to include any dividend payments, if applicable.

SGIIX vs. NLSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGIIX First Eagle Global Fund Class I	-0.43%	31.94%	12.03%	13.04%	-6.23%	12.49%	8.63%	20.47%	-8.20%	13.78%
NLSIX Neuberger Berman Long Short Fund	-3.63%	7.20%	7.47%	13.10%	-6.85%	9.01%	15.27%	17.11%	-6.92%	13.39%

Returns By Period

In the year-to-date period, SGIIX achieves a -0.43% return, which is significantly higher than NLSIX's -3.63% return. Over the past 10 years, SGIIX has outperformed NLSIX with an annualized return of 9.93%, while NLSIX has yielded a comparatively lower 6.37% annualized return.

SGIIX

• 1D: 0.15%
• 1M: -10.39%
• YTD: -0.43%
• 6M: 5.00%
• 1Y: 22.79%
• 3Y*: 16.21%
• 5Y*: 11.01%
• 10Y*: 9.93%

NLSIX

• 1D: 0.00%
• 1M: -2.86%
• YTD: -3.63%
• 6M: -3.20%
• 1Y: 3.47%
• 3Y*: 6.40%
• 5Y*: 4.72%
• 10Y*: 6.37%

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

SGIIX vs. NLSIX - Expense Ratio Comparison

SGIIX has a 0.86% expense ratio, which is lower than NLSIX's 1.28% expense ratio.

NLSIX

Neuberger Berman Long Short Fund

SGIIX

First Eagle Global Fund Class I

Return for Risk

SGIIX vs. NLSIX — Risk / Return Rank

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

SGIIX

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

NLSIX

NLSIX Risk / Return Rank: 22
NLSIX Sharpe Ratio Rank: 23
NLSIX Sortino Ratio Rank: 22
NLSIX Omega Ratio Rank: 21
NLSIX Calmar Ratio Rank: 21
NLSIX Martin Ratio Rank: 22

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.

SGIIX vs. NLSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Fund Class I (SGIIX) and Neuberger Berman Long Short Fund (NLSIX). 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.

	SGIIX	NLSIX	Difference
Sharpe ratio Return per unit of total volatility	1.72	0.57	+1.15
Sortino ratio Return per unit of downside risk	2.32	0.87	+1.45
Omega ratio Gain probability vs. loss probability	1.35	1.12	+0.22
Calmar ratio Return relative to maximum drawdown	2.07	0.63	+1.45
Martin ratio Return relative to average drawdown	8.73	2.31	+6.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGIIX vs. NLSIX - Sharpe Ratio Comparison

The current SGIIX Sharpe Ratio is 1.72, which is higher than the NLSIX Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of SGIIX and NLSIX, 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

	SGIIX	NLSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	0.57	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.72	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.88	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.91	0.00

Correlation

The correlation between SGIIX and NLSIX is 0.70, 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

SGIIX vs. NLSIX - Dividend Comparison

SGIIX's dividend yield for the trailing twelve months is around 9.65%, more than NLSIX's 0.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGIIX First Eagle Global Fund Class I	9.65%	9.61%	5.68%	3.74%	4.41%	6.49%	2.61%	5.72%	6.66%	4.50%	4.96%	1.43%
NLSIX Neuberger Berman Long Short Fund	0.05%	0.05%	0.02%	0.97%	7.01%	1.13%	2.15%	2.39%	5.91%	0.00%	0.00%	0.01%

Drawdowns

SGIIX vs. NLSIX - Drawdown Comparison

The maximum SGIIX drawdown since its inception was -37.03%, which is greater than NLSIX's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for SGIIX and NLSIX.

Drawdown Indicators

	SGIIX	NLSIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.03%	-14.75%	-22.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-4.39%	-6.13%
Max Drawdown (5Y) Largest decline over 5 years	-19.42%	-10.79%	-8.63%
Max Drawdown (10Y) Largest decline over 10 years	-27.64%	-14.75%	-12.89%
Current Drawdown Current decline from peak	-10.39%	-4.39%	-6.00%
Average Drawdown Average peak-to-trough decline	-3.71%	-2.03%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	1.19%	+1.31%

Volatility

SGIIX vs. NLSIX - Volatility Comparison

First Eagle Global Fund Class I (SGIIX) has a higher volatility of 4.69% compared to Neuberger Berman Long Short Fund (NLSIX) at 1.89%. This indicates that SGIIX's price experiences larger fluctuations and is considered to be riskier than NLSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGIIX	NLSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	1.89%	+2.80%
Volatility (6M) Calculated over the trailing 6-month period	8.85%	3.40%	+5.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	6.34%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.87%	6.63%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.44%	7.29%	+5.15%