SGOIX vs. SGIIX
SGOIX (First Eagle Overseas Fund Class I) and SGIIX (First Eagle Global Fund Class I) are both mutual funds - SGOIX is a Large Cap Blend Equities fund managed by First Eagle, while SGIIX is a Global Equities fund managed by First Eagle. Over the past 10 years, SGOIX returned 8.49%/yr vs 10.26%/yr for SGIIX. Their correlation of 0.90 suggests significant overlap in exposure. SGOIX charges 0.88%/yr vs 0.86%/yr for SGIIX.
Performance
SGOIX vs. SGIIX - Performance Comparison
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Returns By Period
In the year-to-date period, SGOIX achieves a 8.49% return, which is significantly higher than SGIIX's 5.68% return. Over the past 10 years, SGOIX has underperformed SGIIX with an annualized return of 8.49%, while SGIIX has yielded a comparatively higher 10.26% 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%
SGIIX
- 1D
- 0.13%
- 1M
- -1.55%
- YTD
- 5.68%
- 6M
- 5.42%
- 1Y
- 23.63%
- 3Y*
- 17.22%
- 5Y*
- 11.30%
- 10Y*
- 10.26%
SGOIX vs. SGIIX - 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% |
SGIIX First Eagle Global Fund Class I | 5.68% | 31.94% | 12.03% | 13.04% | -6.23% | 12.49% | 8.63% | 20.47% | -8.20% | 13.78% |
Correlation
The correlation between SGOIX and SGIIX 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 Jan 4, 1999 | 0.90 |
The correlation between SGOIX and SGIIX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
SGOIX vs. SGIIX — Risk / Return Rank
SGOIX
SGIIX
SGOIX vs. SGIIX - 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 I (SGIIX). 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 | SGIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.18 | +0.17 |
| Martin ratioReturn relative to average drawdown | 7.61 | 7.35 | +0.26 |
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Drawdowns
SGOIX vs. SGIIX - Drawdown Comparison
The maximum SGOIX drawdown since its inception was -35.54%, roughly equal to the maximum SGIIX drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for SGOIX and SGIIX.
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Drawdown Indicators
| SGOIX | SGIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -37.03% | +1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -10.52% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -11.35% | -10.52% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.21% | -19.42% | -0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -24.79% | -27.64% | +2.85% |
Current DrawdownCurrent decline from peak | -4.79% | -4.89% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -3.71% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.12% | +0.38% |
Volatility
SGOIX vs. SGIIX - Volatility Comparison
First Eagle Overseas Fund Class I (SGOIX) has a higher volatility of 4.14% compared to First Eagle Global Fund Class I (SGIIX) at 3.88%. This indicates that SGOIX's price experiences larger fluctuations and is considered to be riskier than SGIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOIX | SGIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 3.88% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 9.73% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 11.66% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.99% | 12.03% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.46% | 12.53% | -1.07% |
SGOIX vs. SGIIX - Expense Ratio Comparison
SGOIX has a 0.88% expense ratio, which is higher than SGIIX's 0.86% expense ratio.
Dividends
SGOIX vs. SGIIX - Dividend Comparison
SGOIX's dividend yield for the trailing twelve months is around 7.79%, less than SGIIX's 9.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGIIX First Eagle Global Fund Class I | 9.10% | 9.61% | 5.68% | 3.74% | 4.41% | 6.49% | 2.61% | 5.72% | 6.66% | 4.50% | 4.96% | 1.43% |
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
With a correlation of 0.94, SGOIX and SGIIX 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.
SGOIX has higher volatility (4.14%) compared to SGIIX (3.88%). In terms of maximum drawdown, SGOIX dropped -35.54% vs SGIIX's -37.03%.
SGOIX currently has the higher Sharpe Ratio (2.10 vs 1.97), 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.
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