SGOIX vs. FESGX

Last updated Jun 24, 2026

SGOIX (First Eagle Overseas Fund Class I) and FESGX (First Eagle Global Fund Class C) are both mutual funds - SGOIX is a Large Cap Blend Equities fund managed by First Eagle, while FESGX is a Global Allocation fund actively managed by First Eagle. Over the past 10 years, SGOIX returned 8.64%/yr vs 9.28%/yr for FESGX. Their correlation of 0.90 suggests significant overlap in exposure. SGOIX charges 0.88%/yr vs 1.86%/yr for FESGX.

Performance

SGOIX vs. FESGX - Performance Comparison

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

Returns By Period

In the year-to-date period, SGOIX achieves a 7.79% return, which is significantly higher than FESGX's 4.42% return. Over the past 10 years, SGOIX has underperformed FESGX with an annualized return of 8.64%, while FESGX has yielded a comparatively higher 9.28% annualized return.

SGOIX

• 1D: -0.65%
• 1M: -1.52%
• YTD: 7.79%
• 6M: 7.52%
• 1Y: 26.48%
• 3Y*: 18.34%
• 5Y*: 10.12%
• 10Y*: 8.64%

FESGX

• 1D: -0.73%
• 1M: -2.34%
• YTD: 4.42%
• 6M: 3.76%
• 1Y: 21.05%
• 3Y*: 16.51%
• 5Y*: 9.80%
• 10Y*: 9.28%

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

SGOIX vs. FESGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGOIX First Eagle Overseas Fund Class I	7.79%	39.06%	6.45%	10.73%	-7.86%	5.25%	7.25%	17.90%	-9.95%	14.38%
FESGX First Eagle Global Fund Class C	4.42%	30.64%	10.94%	11.92%	-7.17%	11.35%	7.50%	19.26%	-9.13%	12.62%

Correlation

The correlation between SGOIX and FESGX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000	0.90

The correlation between SGOIX and FESGX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

SGOIX vs. FESGX — Risk / Return Rank

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

SGOIX

SGOIX Risk / Return Rank: 51
SGOIX Sharpe Ratio Rank: 62
SGOIX Sortino Ratio Rank: 53
SGOIX Omega Ratio Rank: 62
SGOIX Calmar Ratio Rank: 43
SGOIX Martin Ratio Rank: 36

FESGX

FESGX Risk / Return Rank: 39
FESGX Sharpe Ratio Rank: 46
FESGX Sortino Ratio Rank: 41
FESGX Omega Ratio Rank: 45
FESGX Calmar Ratio Rank: 33
FESGX Martin Ratio Rank: 32

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.

SGOIX vs. FESGX - Risk-Adjusted Trends Comparison

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

	SGOIX	FESGX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.85	+0.28
Sortino ratio: Return per unit of downside risk	2.80	2.49	+0.32
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.06
Calmar ratio: Return relative to maximum drawdown	2.38	2.04	+0.34
Martin ratio: Return relative to average drawdown	7.67	6.74	+0.93

SGOIX vs. FESGX - Sharpe Ratio Comparison

The current SGOIX Sharpe Ratio is 2.13, which is comparable to the FESGX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of SGOIX and FESGX, 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

SGOIX vs. FESGX - Drawdown Comparison

The maximum SGOIX drawdown since its inception was -35.54%, smaller than the maximum FESGX drawdown of -37.54%. Use the drawdown chart below to compare losses from any high point for SGOIX and FESGX.

Drawdown Indicators

	SGOIX	FESGX	Difference
Max Drawdown Largest peak-to-trough decline	-35.54%	-37.54%	+2.00%
Max Drawdown (1Y) Largest decline over 1 year	-11.35%	-10.58%	-0.77%
Max Drawdown (3Y) Largest decline over 3 years	-11.35%	-10.58%	-0.77%
Max Drawdown (5Y) Largest decline over 5 years	-20.21%	-20.00%	-0.21%
Max Drawdown (10Y) Largest decline over 10 years	-24.79%	-27.77%	+2.98%
Current Drawdown Current decline from peak	-5.41%	-5.86%	+0.45%
Average Drawdown Average peak-to-trough decline	-4.57%	-4.53%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	3.20%	+0.32%

Volatility

SGOIX vs. FESGX - Volatility Comparison

First Eagle Overseas Fund Class I (SGOIX) has a higher volatility of 4.15% compared to First Eagle Global Fund Class C (FESGX) at 3.89%. This indicates that SGOIX's price experiences larger fluctuations and is considered to be riskier than FESGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGOIX	FESGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	3.89%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	10.90%	9.75%	+1.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	11.68%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.00%	12.03%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.46%	12.54%	-1.08%

SGOIX vs. FESGX - Expense Ratio Comparison

SGOIX has a 0.88% expense ratio, which is lower than FESGX's 1.86% expense ratio.

Dividends

SGOIX vs. FESGX - Dividend Comparison

SGOIX's dividend yield for the trailing twelve months is around 7.84%, less than FESGX's 8.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FESGX First Eagle Global Fund Class C	8.79%	9.18%	4.84%	2.85%	4.25%	5.44%	1.61%	4.69%	5.71%	3.61%	4.48%	1.06%
SGOIX First Eagle Overseas Fund Class I	7.84%	8.45%	8.49%	2.45%	3.81%	5.92%	0.47%	5.70%	3.36%	3.59%	3.80%	1.58%

Frequently Asked Questions

Can I hold both SGOIX and FESGX in my portfolio?

With a correlation of 0.94, SGOIX and FESGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SGOIX or FESGX?

SGOIX has higher volatility (4.15%) compared to FESGX (3.89%). In terms of maximum drawdown, SGOIX dropped -35.54% vs FESGX's -37.54%.

Which has better risk-adjusted returns?

SGOIX currently has the higher Sharpe Ratio (2.13 vs 1.85), 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.