SGOVX vs. IEFA
Compare and contrast key facts about First Eagle Overseas Fund (SGOVX) and iShares Core MSCI EAFE ETF (IEFA).
SGOVX is managed by First Eagle. It was launched on Aug 31, 1993. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012.
Performance
SGOVX vs. IEFA - Performance Comparison
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SGOVX vs. IEFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGOVX First Eagle Overseas Fund | 3.72% | 38.69% | 6.16% | 10.41% | -8.07% | 4.94% | 6.95% | 17.60% | -10.26% | 14.06% |
IEFA iShares Core MSCI EAFE ETF | 2.74% | 32.08% | 3.26% | 17.95% | -15.24% | 11.63% | 8.18% | 22.64% | -14.14% | 26.57% |
Returns By Period
In the year-to-date period, SGOVX achieves a 3.72% return, which is significantly higher than IEFA's 2.74% return. Over the past 10 years, SGOVX has underperformed IEFA with an annualized return of 8.01%, while IEFA has yielded a comparatively higher 9.02% annualized return.
SGOVX
- 1D
- 2.34%
- 1M
- -7.73%
- YTD
- 3.72%
- 6M
- 9.49%
- 1Y
- 29.49%
- 3Y*
- 16.45%
- 5Y*
- 9.76%
- 10Y*
- 8.01%
IEFA
- 1D
- 1.52%
- 1M
- -4.68%
- YTD
- 2.74%
- 6M
- 6.58%
- 1Y
- 25.75%
- 3Y*
- 15.08%
- 5Y*
- 8.12%
- 10Y*
- 9.02%
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SGOVX vs. IEFA - Expense Ratio Comparison
SGOVX has a 1.16% expense ratio, which is higher than IEFA's 0.07% expense ratio.
Return for Risk
SGOVX vs. IEFA — Risk / Return Rank
SGOVX
IEFA
SGOVX vs. IEFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Overseas Fund (SGOVX) and iShares Core MSCI EAFE ETF (IEFA). 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.
| SGOVX | IEFA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 1.46 | +0.72 |
Sortino ratioReturn per unit of downside risk | 2.78 | 2.07 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.27 | +0.28 |
Martin ratioReturn relative to average drawdown | 10.62 | 8.75 | +1.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGOVX | IEFA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.46 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.50 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.52 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.49 | +0.38 |
Correlation
The correlation between SGOVX and IEFA is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SGOVX vs. IEFA - Dividend Comparison
SGOVX's dividend yield for the trailing twelve months is around 8.17%, more than IEFA's 3.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGOVX First Eagle Overseas Fund | 8.17% | 8.47% | 8.43% | 2.24% | 3.62% | 5.76% | 0.21% | 5.54% | 3.05% | 3.40% | 3.59% | 1.32% |
IEFA iShares Core MSCI EAFE ETF | 3.46% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
Drawdowns
SGOVX vs. IEFA - Drawdown Comparison
The maximum SGOVX drawdown since its inception was -35.68%, roughly equal to the maximum IEFA drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for SGOVX and IEFA.
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Drawdown Indicators
| SGOVX | IEFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.68% | -34.78% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -11.50% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -21.68% | -30.41% | +8.73% |
Max Drawdown (10Y)Largest decline over 10 years | -24.85% | -34.78% | +9.93% |
Current DrawdownCurrent decline from peak | -8.95% | -6.75% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -6.74% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.98% | -0.25% |
Volatility
SGOVX vs. IEFA - Volatility Comparison
The current volatility for First Eagle Overseas Fund (SGOVX) is 6.41%, while iShares Core MSCI EAFE ETF (IEFA) has a volatility of 7.51%. This indicates that SGOVX experiences smaller price fluctuations and is considered to be less risky than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOVX | IEFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 7.51% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 11.14% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 17.67% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 16.36% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.37% | 17.24% | -5.87% |