SGOVX vs. SGENX
SGOVX (First Eagle Overseas Fund) and SGENX (First Eagle Global Fund Class A) are both mutual funds - SGOVX is a Foreign Large Cap Equities fund managed by First Eagle, while SGENX is a Global Equities fund managed by First Eagle. Over the past 10 years, SGOVX returned 8.18%/yr vs 9.99%/yr for SGENX. Their correlation of 0.89 suggests significant overlap in exposure. SGOVX charges 1.16%/yr vs 1.11%/yr for SGENX.
Performance
SGOVX vs. SGENX - Performance Comparison
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Returns By Period
In the year-to-date period, SGOVX achieves a 6.02% return, which is significantly higher than SGENX's 3.68% return. Over the past 10 years, SGOVX has underperformed SGENX with an annualized return of 8.18%, while SGENX has yielded a comparatively higher 9.99% annualized return.
SGOVX
- 1D
- 0.06%
- 1M
- -3.30%
- YTD
- 6.02%
- 6M
- 5.60%
- 1Y
- 23.67%
- 3Y*
- 17.44%
- 5Y*
- 9.38%
- 10Y*
- 8.18%
SGENX
- 1D
- -0.11%
- 1M
- -3.53%
- YTD
- 3.68%
- 6M
- 2.87%
- 1Y
- 20.50%
- 3Y*
- 16.98%
- 5Y*
- 10.22%
- 10Y*
- 9.99%
SGOVX vs. SGENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGOVX First Eagle Overseas Fund | 6.02% | 38.69% | 6.16% | 10.41% | -8.07% | 4.94% | 6.95% | 17.60% | -10.26% | 14.06% |
SGENX First Eagle Global Fund Class A | 3.68% | 31.62% | 11.78% | 12.77% | -6.46% | 12.20% | 8.33% | 20.16% | -8.46% | 13.48% |
Correlation
The correlation between SGOVX and SGENX 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 3, 1994 | 0.89 |
The correlation between SGOVX and SGENX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
SGOVX vs. SGENX — Risk / Return Rank
SGOVX
SGENX
SGOVX vs. SGENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Overseas Fund (SGOVX) and First Eagle Global Fund Class A (SGENX). 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.
| SGOVX | SGENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.91 | +0.16 |
| Martin ratioReturn relative to average drawdown | 6.53 | 6.26 | +0.27 |
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Drawdowns
SGOVX vs. SGENX - Drawdown Comparison
The maximum SGOVX drawdown since its inception was -35.68%, smaller than the maximum SGENX drawdown of -37.60%. Use the drawdown chart below to compare losses from any high point for SGOVX and SGENX.
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Drawdown Indicators
| SGOVX | SGENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.68% | -37.60% | +1.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -10.53% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -10.53% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.42% | -19.57% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -24.85% | -27.68% | +2.83% |
Current DrawdownCurrent decline from peak | -6.93% | -6.65% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -3.42% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.20% | +0.39% |
Volatility
SGOVX vs. SGENX - Volatility Comparison
First Eagle Overseas Fund (SGOVX) has a higher volatility of 4.36% compared to First Eagle Global Fund Class A (SGENX) at 3.96%. This indicates that SGOVX's price experiences larger fluctuations and is considered to be riskier than SGENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOVX | SGENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 3.96% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 9.80% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 11.72% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 12.03% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.43% | 12.50% | -1.07% |
SGOVX vs. SGENX - Expense Ratio Comparison
SGOVX has a 1.16% expense ratio, which is higher than SGENX's 1.11% expense ratio.
Dividends
SGOVX vs. SGENX - Dividend Comparison
SGOVX's dividend yield for the trailing twelve months is around 7.99%, less than SGENX's 9.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGENX First Eagle Global Fund Class A | 9.11% | 9.45% | 5.46% | 3.52% | 4.17% | 6.27% | 2.38% | 5.48% | 6.35% | 4.23% | 4.72% | 1.16% |
SGOVX First Eagle Overseas Fund | 7.99% | 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 0.94, SGOVX and SGENX 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.
SGOVX has higher volatility (4.36%) compared to SGENX (3.96%). In terms of maximum drawdown, SGOVX dropped -35.68% vs SGENX's -37.60%.
SGOVX currently has the higher Sharpe Ratio (1.84 vs 1.72), 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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