SGOIX vs. IDMO

Last updated Jun 23, 2026

SGOIX (First Eagle Overseas Fund Class I) and IDMO (Invesco S&P International Developed Momentum ETF) are both funds - SGOIX is a Large Cap Blend Equities fund managed by First Eagle, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Over the past 10 years, SGOIX returned 8.49%/yr vs 13.82%/yr for IDMO. A 0.62 correlation means they provide meaningful diversification when combined. SGOIX charges 0.88%/yr vs 0.25%/yr for IDMO.

Performance

SGOIX vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Overseas Fund Class I (SGOIX) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGOIX achieves a 8.49% return, which is significantly lower than IDMO's 12.70% return. Over the past 10 years, SGOIX has underperformed IDMO with an annualized return of 8.49%, while IDMO has yielded a comparatively higher 13.82% annualized return.

SGOIX

• 1D: 0.44%
• 1M: -0.88%
• YTD: 8.49%
• 6M: 8.91%
• 1Y: 27.74%
• 3Y*: 17.69%
• 5Y*: 10.37%
• 10Y*: 8.49%

IDMO

• 1D: 1.34%
• 1M: 4.29%
• YTD: 12.70%
• 6M: 12.58%
• 1Y: 30.52%
• 3Y*: 27.60%
• 5Y*: 16.54%
• 10Y*: 13.82%

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

SGOIX vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGOIX First Eagle Overseas Fund Class I	8.49%	39.06%	6.45%	10.73%	-7.86%	5.25%	7.25%	17.90%	-9.95%	14.38%
IDMO Invesco S&P International Developed Momentum ETF	12.70%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%

Correlation

The correlation between SGOIX and IDMO is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012	0.62

The correlation between SGOIX and IDMO shifts across timeframes, from 0.62 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SGOIX vs. IDMO — Risk / Return Rank

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

SGOIX

SGOIX Risk / Return Rank: 50
SGOIX Sharpe Ratio Rank: 60
SGOIX Sortino Ratio Rank: 52
SGOIX Omega Ratio Rank: 60
SGOIX Calmar Ratio Rank: 42
SGOIX Martin Ratio Rank: 36

IDMO

IDMO Risk / Return Rank: 53
IDMO Sharpe Ratio Rank: 52
IDMO Sortino Ratio Rank: 52
IDMO Omega Ratio Rank: 52
IDMO Calmar Ratio Rank: 52
IDMO Martin Ratio Rank: 59

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. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Overseas Fund Class I (SGOIX) and Invesco S&P International Developed Momentum ETF (IDMO). 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	IDMO	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.71	+0.39
Sortino ratio: Return per unit of downside risk	2.77	2.46	+0.31
Omega ratio: Gain probability vs. loss probability	1.39	1.32	+0.08
Calmar ratio: Return relative to maximum drawdown	2.35	2.49	-0.14
Martin ratio: Return relative to average drawdown	7.61	10.10	-2.49

SGOIX vs. IDMO - Sharpe Ratio Comparison

The current SGOIX Sharpe Ratio is 2.10, which is comparable to the IDMO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of SGOIX and IDMO, 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. IDMO - Drawdown Comparison

The maximum SGOIX drawdown since its inception was -35.54%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for SGOIX and IDMO.

Drawdown Indicators

	SGOIX	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-35.54%	-39.38%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-11.35%	-12.31%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-11.35%	-12.65%	+1.30%
Max Drawdown (5Y) Largest decline over 5 years	-20.21%	-27.07%	+6.86%
Max Drawdown (10Y) Largest decline over 10 years	-24.79%	-31.34%	+6.55%
Current Drawdown Current decline from peak	-4.79%	0.00%	-4.79%
Average Drawdown Average peak-to-trough decline	-4.57%	-9.73%	+5.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.03%	+0.47%

Volatility

SGOIX vs. IDMO - Volatility Comparison

The current volatility for First Eagle Overseas Fund Class I (SGOIX) is 4.14%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 7.29%. This indicates that SGOIX experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGOIX	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	7.29%	-3.15%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	16.13%	-5.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	17.95%	-5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.99%	18.06%	-6.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.46%	18.19%	-6.73%

SGOIX vs. IDMO - Expense Ratio Comparison

SGOIX has a 0.88% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

SGOIX vs. IDMO - Dividend Comparison

SGOIX's dividend yield for the trailing twelve months is around 7.79%, more than IDMO's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	4.24%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
SGOIX First Eagle Overseas Fund Class I	7.79%	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 IDMO in my portfolio?

SGOIX and IDMO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGOIX or IDMO?

IDMO has higher volatility (7.29%) compared to SGOIX (4.14%). In terms of maximum drawdown, SGOIX dropped -35.54% vs IDMO's -39.38%.

Which has better risk-adjusted returns?

SGOIX currently has the higher Sharpe Ratio (2.10 vs 1.71), 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.