SGIIX vs. QQQ
Compare and contrast key facts about First Eagle Global Fund Class I (SGIIX) and Invesco QQQ (QQQ).
SGIIX is managed by First Eagle. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGIIX or QQQ.
Correlation
The correlation between SGIIX and QQQ is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SGIIX vs. QQQ - Performance Comparison
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Key characteristics
SGIIX:
0.84
QQQ:
0.67
SGIIX:
1.23
QQQ:
1.12
SGIIX:
1.18
QQQ:
1.16
SGIIX:
1.02
QQQ:
0.77
SGIIX:
3.26
QQQ:
2.53
SGIIX:
3.32%
QQQ:
6.97%
SGIIX:
12.88%
QQQ:
25.50%
SGIIX:
-45.51%
QQQ:
-82.98%
SGIIX:
0.00%
QQQ:
-4.29%
Returns By Period
In the year-to-date period, SGIIX achieves a 9.82% return, which is significantly higher than QQQ's 1.00% return. Over the past 10 years, SGIIX has underperformed QQQ with an annualized return of 4.18%, while QQQ has yielded a comparatively higher 17.72% annualized return.
SGIIX
9.82%
6.14%
3.05%
10.72%
9.82%
4.18%
QQQ
1.00%
13.47%
0.83%
17.08%
19.20%
17.72%
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SGIIX vs. QQQ - Expense Ratio Comparison
SGIIX has a 0.86% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
SGIIX vs. QQQ — Risk-Adjusted Performance Rank
SGIIX
QQQ
SGIIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Fund Class I (SGIIX) and Invesco QQQ (QQQ). 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.
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Dividends
SGIIX vs. QQQ - Dividend Comparison
SGIIX's dividend yield for the trailing twelve months is around 2.38%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGIIX First Eagle Global Fund Class I | 2.38% | 2.62% | 1.52% | 0.37% | 2.17% | 1.06% | 1.52% | 1.18% | 1.02% | 0.64% | 0.40% | 0.85% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
SGIIX vs. QQQ - Drawdown Comparison
The maximum SGIIX drawdown since its inception was -45.51%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SGIIX and QQQ. For additional features, visit the drawdowns tool.
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Volatility
SGIIX vs. QQQ - Volatility Comparison
The current volatility for First Eagle Global Fund Class I (SGIIX) is 2.66%, while Invesco QQQ (QQQ) has a volatility of 7.54%. This indicates that SGIIX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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