SGOIX vs. SGOVX
SGOIX (First Eagle Overseas Fund Class I) and SGOVX (First Eagle Overseas Fund) are both mutual funds - SGOIX is a Large Cap Blend Equities fund managed by First Eagle, while SGOVX is a Foreign Large Cap Equities fund managed by First Eagle. Over the past 10 years, SGOIX returned 8.19%/yr vs 7.90%/yr for SGOVX. With a 1.00 correlation, they move nearly in lockstep. SGOIX charges 0.88%/yr vs 1.16%/yr for SGOVX.
Performance
SGOIX vs. SGOVX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SGOIX having a 7.34% return and SGOVX slightly lower at 7.21%. Both investments have delivered pretty close results over the past 10 years, with SGOIX having a 8.19% annualized return and SGOVX not far behind at 7.90%.
SGOIX
- 1D
- -0.94%
- 1M
- -0.88%
- 6M
- 2.84%
- YTD
- 7.34%
- 1Y
- 24.07%
- 3Y*
- 17.13%
- 5Y*
- 9.84%
- 10Y*
- 8.19%
SGOVX
- 1D
- -0.94%
- 1M
- -0.91%
- 6M
- 2.71%
- YTD
- 7.21%
- 1Y
- 23.78%
- 3Y*
- 16.83%
- 5Y*
- 9.55%
- 10Y*
- 7.90%
SGOIX vs. SGOVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGOIX First Eagle Overseas Fund Class I | 7.34% | 39.06% | 6.45% | 10.73% | -7.86% | 5.25% | 7.25% | 17.90% | -9.95% | 14.38% |
SGOVX First Eagle Overseas Fund | 7.21% | 38.69% | 6.16% | 10.41% | -8.07% | 4.94% | 6.95% | 17.60% | -10.26% | 14.06% |
Correlation
The correlation between SGOIX and SGOVX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 1.00 |
The correlation between SGOIX and SGOVX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
SGOIX vs. SGOVX — Risk / Return Rank
SGOIX
SGOVX
SGOIX vs. SGOVX - 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 Overseas Fund (SGOVX). 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 | SGOVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.08 | +0.03 |
| Martin ratioReturn relative to average drawdown | 6.36 | 6.23 | +0.12 |
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Drawdowns
SGOIX vs. SGOVX - Drawdown Comparison
The maximum SGOIX drawdown since its inception was -35.54%, roughly equal to the maximum SGOVX drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for SGOIX and SGOVX.
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Drawdown Indicators
| SGOIX | SGOVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -35.68% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -11.38% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.35% | -11.38% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.21% | -20.42% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -24.79% | -24.85% | +0.06% |
Current DrawdownCurrent decline from peak | -5.80% | -5.89% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -4.46% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.80% | -0.03% |
Volatility
SGOIX vs. SGOVX - Volatility Comparison
First Eagle Overseas Fund Class I (SGOIX) and First Eagle Overseas Fund (SGOVX) have volatilities of 4.01% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOIX | SGOVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 3.99% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 11.07% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.93% | 12.90% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.04% | 12.02% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.42% | 11.42% | 0.00% |
SGOIX vs. SGOVX - Expense Ratio Comparison
SGOIX has a 0.88% expense ratio, which is lower than SGOVX's 1.16% expense ratio.
Dividends
SGOIX vs. SGOVX - Dividend Comparison
SGOIX's dividend yield for the trailing twelve months is around 7.88%, which matches SGOVX's 7.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGOIX First Eagle Overseas Fund Class I | 7.88% | 8.45% | 8.49% | 2.45% | 3.81% | 5.92% | 0.47% | 5.70% | 3.36% | 3.59% | 3.80% | 1.58% |
SGOVX First Eagle Overseas Fund | 7.90% | 8.47% | 8.43% | 2.24% | 3.62% | 5.76% | 0.21% | 5.54% | 3.05% | 3.40% | 3.59% | 1.32% |
Frequently Asked Questions
With a correlation of 1.00, SGOIX and SGOVX 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 (4.01%) compared to SGOVX (3.99%). In terms of maximum drawdown, SGOIX dropped -35.54% vs SGOVX's -35.68%.
SGOIX currently has the higher Sharpe Ratio (1.86 vs 1.84), 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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