SGIIX vs. VWNFX

Last updated Aug 1, 2026

SGIIX (First Eagle Global Fund Class I) and VWNFX (Vanguard Windsor II Fund Investor Shares) are both mutual funds - SGIIX is a Global Allocation fund actively managed by First Eagle, while VWNFX is a Large Cap Value Equities fund actively managed by Vanguard. Both are actively managed. Over the past 10 years, SGIIX returned 10.10%/yr vs 12.88%/yr for VWNFX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. SGIIX charges 0.86%/yr vs 0.33%/yr for VWNFX.

Performance

SGIIX vs. VWNFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Fund Class I (SGIIX) and Vanguard Windsor II Fund Investor Shares (VWNFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGIIX achieves a 8.33% return, which is significantly lower than VWNFX's 10.48% return. Over the past 10 years, SGIIX has underperformed VWNFX with an annualized return of 10.10%, while VWNFX has yielded a comparatively higher 12.88% annualized return.

SGIIX

• 1D: 0.71%
• 1M: 2.05%
• 6M: 2.12%
• YTD: 8.33%
• 1Y: 25.40%
• 3Y*: 17.38%
• 5Y*: 11.44%
• 10Y*: 10.10%
• ALL TIME*: 10.68%

VWNFX

• 1D: 0.29%
• 1M: 1.96%
• 6M: 7.51%
• YTD: 10.48%
• 1Y: 23.96%
• 3Y*: 16.10%
• 5Y*: 10.81%
• 10Y*: 12.88%
• ALL TIME*: 10.84%

*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)
SGIIX First Eagle Global Fund Class I	$0.00	$0.00	$0.00
VWNFX Vanguard Windsor II Fund Investor Shares	$0.00	$0.00	$0.00

SGIIX vs. VWNFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGIIX First Eagle Global Fund Class I	8.33%	31.94%	12.03%	13.04%	-6.23%	12.49%	8.63%	20.47%	-8.20%	13.78%
VWNFX Vanguard Windsor II Fund Investor Shares	10.48%	18.51%	13.91%	21.01%	-13.26%	28.84%	14.41%	29.02%	-8.62%	15.61%

Correlation

The correlation between SGIIX and VWNFX is 0.78, 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.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999	0.75

The correlation between SGIIX and VWNFX shifts across timeframes, from 0.75 (all time) to 0.87 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

SGIIX vs. VWNFX — Risk / Return Rank

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

SGIIX

SGIIX Risk / Return Rank: 76
SGIIX Sharpe Ratio Rank: 87
SGIIX Sortino Ratio Rank: 82
SGIIX Omega Ratio Rank: 82
SGIIX Calmar Ratio Rank: 74
SGIIX Martin Ratio Rank: 55

VWNFX

VWNFX Risk / Return Rank: 81
VWNFX Sharpe Ratio Rank: 80
VWNFX Sortino Ratio Rank: 78
VWNFX Omega Ratio Rank: 77
VWNFX Calmar Ratio Rank: 83
VWNFX Martin Ratio Rank: 88

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.

SGIIX vs. VWNFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Fund Class I (SGIIX) and Vanguard Windsor II Fund Investor Shares (VWNFX). 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.

	SGIIX	VWNFX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.88	+0.24
Sortino ratio: Return per unit of downside risk	2.81	2.63	+0.18
Omega ratio: Gain probability vs. loss probability	1.38	1.33	+0.05
Calmar ratio: Return relative to maximum drawdown	2.38	2.74	-0.37
Martin ratio: Return relative to average drawdown	7.14	11.17	-4.03

SGIIX vs. VWNFX - Sharpe Ratio Comparison

The current SGIIX Sharpe Ratio is 2.12, which is comparable to the VWNFX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of SGIIX and VWNFX, 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

SGIIX vs. VWNFX - Drawdown Comparison

The maximum SGIIX drawdown since its inception was -37.03%, smaller than the maximum VWNFX drawdown of -57.57%. Use the drawdown chart below to compare losses from any high point for SGIIX and VWNFX.

Drawdown Indicators

	SGIIX	VWNFX	Difference
Max Drawdown Largest peak-to-trough decline	-37.03%	-57.57%	+20.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-7.86%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	-10.52%	-21.76%	+11.24%
Max Drawdown (5Y) Largest decline over 5 years	-19.42%	-22.72%	+3.30%
Max Drawdown (10Y) Largest decline over 10 years	-27.64%	-37.44%	+9.80%
Current Drawdown Current decline from peak	-2.50%	-0.33%	-2.17%
Average Drawdown Average peak-to-trough decline	-3.72%	-7.45%	+3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	1.93%	+1.56%

Volatility

SGIIX vs. VWNFX - Volatility Comparison

The current volatility for First Eagle Global Fund Class I (SGIIX) is 2.99%, while Vanguard Windsor II Fund Investor Shares (VWNFX) has a volatility of 3.36%. This indicates that SGIIX experiences smaller price fluctuations and is considered to be less risky than VWNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGIIX	VWNFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	3.36%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	9.74%	8.52%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	11.51%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.02%	16.99%	-4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.49%	18.53%	-6.04%

SGIIX vs. VWNFX - Expense Ratio Comparison

SGIIX has a 0.86% expense ratio, which is higher than VWNFX's 0.33% expense ratio.

Dividends

SGIIX vs. VWNFX - Dividend Comparison

SGIIX's dividend yield for the trailing twelve months is around 8.87%, less than VWNFX's 10.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGIIX First Eagle Global Fund Class I	8.87%	9.61%	5.68%	3.74%	4.41%	6.49%	2.61%	5.72%	6.66%	4.50%	4.96%	1.43%
VWNFX Vanguard Windsor II Fund Investor Shares	10.37%	11.46%	10.50%	5.11%	7.26%	7.83%	7.31%	10.06%	11.38%	7.34%	8.08%	7.96%

Frequently Asked Questions

Can I hold both SGIIX and VWNFX in my portfolio?

SGIIX and VWNFX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGIIX or VWNFX?

VWNFX has higher volatility (3.36%) compared to SGIIX (2.99%). In terms of maximum drawdown, SGIIX dropped -37.03% vs VWNFX's -57.57%.

Which has better risk-adjusted returns?

SGIIX currently has the higher Sharpe Ratio (2.12 vs 1.88), 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.