SGOVX vs. SLQD
SGOVX (First Eagle Overseas Fund) and SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) are both funds - SGOVX is a Foreign Large Cap Equities fund managed by First Eagle, while SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. Over the past 10 years, SGOVX returned 8.24%/yr vs 2.71%/yr for SLQD. At a 0.22 correlation, their price movements are largely independent. SGOVX charges 1.16%/yr vs 0.06%/yr for SLQD.
Performance
SGOVX vs. SLQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SGOVX achieves a 7.60% return, which is significantly higher than SLQD's 1.01% return. Over the past 10 years, SGOVX has outperformed SLQD with an annualized return of 8.24%, while SLQD has yielded a comparatively lower 2.71% annualized return.
SGOVX
- 1D
- 2.06%
- 1M
- -2.56%
- YTD
- 7.60%
- 6M
- 8.67%
- 1Y
- 23.76%
- 3Y*
- 17.58%
- 5Y*
- 9.30%
- 10Y*
- 8.24%
SLQD
- 1D
- -0.02%
- 1M
- 0.26%
- YTD
- 1.01%
- 6M
- 1.39%
- 1Y
- 4.39%
- 3Y*
- 5.51%
- 5Y*
- 2.53%
- 10Y*
- 2.71%
SGOVX vs. SLQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGOVX First Eagle Overseas Fund | 7.60% | 38.69% | 6.16% | 10.41% | -8.07% | 4.94% | 6.95% | 17.60% | -10.26% | 14.06% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 1.01% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
Correlation
The correlation between SGOVX and SLQD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.22 |
The correlation between SGOVX and SLQD shifts across timeframes, from 0.22 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGOVX vs. SLQD — Risk / Return Rank
SGOVX
SLQD
SGOVX vs. SLQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Overseas Fund (SGOVX) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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 | SLQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.61 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 4.15 | -1.95 |
| Martin ratioReturn relative to average drawdown | 7.18 | 18.78 | -11.60 |
Loading charts...
Drawdowns
SGOVX vs. SLQD - Drawdown Comparison
The maximum SGOVX drawdown since its inception was -35.68%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for SGOVX and SLQD.
Loading charts...
Drawdown Indicators
| SGOVX | SLQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.68% | -12.69% | -22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -1.06% | -10.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -1.06% | -10.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -7.63% | -13.86% |
Max Drawdown (10Y)Largest decline over 10 years | -24.85% | -12.69% | -12.16% |
Current DrawdownCurrent decline from peak | -5.55% | -0.02% | -5.53% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -0.87% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 0.23% | +3.24% |
Volatility
SGOVX vs. SLQD - Volatility Comparison
First Eagle Overseas Fund (SGOVX) has a higher volatility of 4.18% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.53%. This indicates that SGOVX's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGOVX | SLQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 0.53% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 1.13% | +9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 1.49% | +11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.98% | 2.44% | +9.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.46% | 3.14% | +8.32% |
SGOVX vs. SLQD - Expense Ratio Comparison
SGOVX has a 1.16% expense ratio, which is higher than SLQD's 0.06% expense ratio.
Dividends
SGOVX vs. SLQD - Dividend Comparison
SGOVX's dividend yield for the trailing twelve months is around 7.87%, more than SLQD's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGOVX First Eagle Overseas Fund | 7.87% | 8.47% | 8.43% | 2.24% | 3.62% | 5.76% | 0.21% | 5.54% | 3.05% | 3.40% | 3.59% | 1.32% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.31% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
SGOVX and SLQD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGOVX has higher volatility (4.18%) compared to SLQD (0.53%). In terms of maximum drawdown, SGOVX dropped -35.68% vs SLQD's -12.69%.
SLQD currently has the higher Sharpe Ratio (2.96 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.
Find the right allocation for SGOVX and SLQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer