SGOIX vs. SGOVX

Last updated Jun 5, 2026

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 8.51%/yr vs 8.22%/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

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SGOIX having a 9.71% return and SGOVX slightly lower at 9.61%. Both investments have delivered pretty close results over the past 10 years, with SGOIX having a 8.51% annualized return and SGOVX not far behind at 8.22%.

SGOIX

• 1D: -0.92%
• 1M: 1.60%
• YTD: 9.71%
• 6M: 11.81%
• 1Y: 28.28%
• 3Y*: 19.00%
• 5Y*: 9.98%
• 10Y*: 8.51%

SGOVX

• 1D: -0.92%
• 1M: 1.59%
• YTD: 9.61%
• 6M: 11.70%
• 1Y: 27.99%
• 3Y*: 18.70%
• 5Y*: 9.69%
• 10Y*: 8.22%

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

SGOIX vs. SGOVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGOIX First Eagle Overseas Fund Class I	9.71%	39.06%	6.45%	10.73%	-7.86%	5.25%	7.25%	17.90%	-9.95%	14.38%
SGOVX First Eagle Overseas Fund	9.61%	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 5, 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.

Return for Risk

SGOIX vs. SGOVX — Risk / Return Rank

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

SGOIX

SGOIX Risk / Return Rank: 54
SGOIX Sharpe Ratio Rank: 66
SGOIX Sortino Ratio Rank: 55
SGOIX Omega Ratio Rank: 64
SGOIX Calmar Ratio Rank: 45
SGOIX Martin Ratio Rank: 41

SGOVX

SGOVX Risk / Return Rank: 53
SGOVX Sharpe Ratio Rank: 64
SGOVX Sortino Ratio Rank: 54
SGOVX Omega Ratio Rank: 63
SGOVX Calmar Ratio Rank: 44
SGOVX Martin Ratio Rank: 40

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. 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.

	SGOIX	SGOVX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	2.36	+0.02
Sortino ratio: Return per unit of downside risk	3.12	3.09	+0.02
Omega ratio: Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	2.56	2.53	+0.03
Martin ratio: Return relative to average drawdown	8.72	8.59	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGOIX vs. SGOVX - Sharpe Ratio Comparison

The current SGOIX Sharpe Ratio is 2.38, which is comparable to the SGOVX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of SGOIX and SGOVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SGOIX	SGOVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	2.36	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.82	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.72	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.88	0.00

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.

Drawdown Indicators

	SGOIX	SGOVX	Difference
Max Drawdown Largest 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	-21.39%	-21.68%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	-24.79%	-24.85%	+0.06%
Current Drawdown Current decline from peak	-3.73%	-3.78%	+0.05%
Average Drawdown Average peak-to-trough decline	-4.57%	-4.46%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	3.34%	-0.02%

Volatility

SGOIX vs. SGOVX - Volatility Comparison

First Eagle Overseas Fund Class I (SGOIX) and First Eagle Overseas Fund (SGOVX) have volatilities of 3.52% and 3.50%, 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.

Volatility by Period

	SGOIX	SGOVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.50%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	10.26%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	12.20%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.91%	11.89%	+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 7.71%, which matches SGOVX's 7.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGOIX First Eagle Overseas Fund Class I	7.71%	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	7.73%	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

Can I hold both SGOIX and SGOVX in my portfolio?

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.

Which is riskier, SGOIX or SGOVX?

SGOIX has higher volatility (3.52%) compared to SGOVX (3.50%). In terms of maximum drawdown, SGOIX dropped -35.54% vs SGOVX's -35.68%.

Which has better risk-adjusted returns?

SGOIX currently has the higher Sharpe Ratio (2.38 vs 2.36), 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.