SIBAX vs. IESGX

Last updated Jun 23, 2026

SIBAX (SIT Balanced Fund) and IESGX (Sit ESG Growth Fund) are both mutual funds - SIBAX is a Diversified Portfolio fund managed by Sit, while IESGX is a Global Equities fund managed by Sit. Over the past 5 years, SIBAX returned 7.99%/yr vs 10.82%/yr for IESGX. Their correlation of 0.94 suggests significant overlap in exposure. SIBAX charges 0.91%/yr vs 1.00%/yr for IESGX.

Performance

SIBAX vs. IESGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SIT Balanced Fund (SIBAX) and Sit ESG Growth Fund (IESGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIBAX achieves a 3.33% return, which is significantly lower than IESGX's 5.86% return.

SIBAX

• 1D: 0.85%
• 1M: -0.25%
• YTD: 3.33%
• 6M: 3.47%
• 1Y: 16.72%
• 3Y*: 14.69%
• 5Y*: 7.99%
• 10Y*: 10.53%

IESGX

• 1D: 0.83%
• 1M: -0.50%
• YTD: 5.86%
• 6M: 6.10%
• 1Y: 20.79%
• 3Y*: 17.31%
• 5Y*: 10.82%
• 10Y*: —

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

SIBAX vs. IESGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SIBAX SIT Balanced Fund	3.33%	13.57%	18.02%	22.64%	-20.90%	17.10%	20.75%	20.71%	-2.75%	17.73%
IESGX Sit ESG Growth Fund	5.86%	19.65%	19.59%	26.67%	-21.08%	19.93%	15.91%	26.41%	-7.38%	23.71%

Correlation

The correlation between SIBAX and IESGX is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jul 6, 2016	0.94

The correlation between SIBAX and IESGX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

SIBAX vs. IESGX — Risk / Return Rank

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

SIBAX

SIBAX Risk / Return Rank: 36
SIBAX Sharpe Ratio Rank: 38
SIBAX Sortino Ratio Rank: 37
SIBAX Omega Ratio Rank: 37
SIBAX Calmar Ratio Rank: 30
SIBAX Martin Ratio Rank: 36

IESGX

IESGX Risk / Return Rank: 37
IESGX Sharpe Ratio Rank: 36
IESGX Sortino Ratio Rank: 35
IESGX Omega Ratio Rank: 35
IESGX Calmar Ratio Rank: 34
IESGX Martin Ratio Rank: 44

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.

SIBAX vs. IESGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SIT Balanced Fund (SIBAX) and Sit ESG Growth Fund (IESGX). 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.

	SIBAX	IESGX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.61	+0.06
Sortino ratio: Return per unit of downside risk	2.37	2.30	+0.07
Omega ratio: Gain probability vs. loss probability	1.30	1.29	+0.01
Calmar ratio: Return relative to maximum drawdown	1.93	2.10	-0.18
Martin ratio: Return relative to average drawdown	7.61	8.82	-1.20

SIBAX vs. IESGX - Sharpe Ratio Comparison

The current SIBAX Sharpe Ratio is 1.67, which is comparable to the IESGX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of SIBAX and IESGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIBAX vs. IESGX - Drawdown Comparison

The maximum SIBAX drawdown since its inception was -40.93%, which is greater than IESGX's maximum drawdown of -32.15%. Use the drawdown chart below to compare losses from any high point for SIBAX and IESGX.

Drawdown Indicators

	SIBAX	IESGX	Difference
Max Drawdown Largest peak-to-trough decline	-40.93%	-32.15%	-8.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-9.65%	+1.14%
Max Drawdown (3Y) Largest decline over 3 years	-13.44%	-15.86%	+2.42%
Max Drawdown (5Y) Largest decline over 5 years	-24.75%	-29.64%	+4.89%
Max Drawdown (10Y) Largest decline over 10 years	-24.75%	—	—
Current Drawdown Current decline from peak	-2.00%	-2.18%	+0.18%
Average Drawdown Average peak-to-trough decline	-7.74%	-5.06%	-2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.30%	-0.15%

Volatility

SIBAX vs. IESGX - Volatility Comparison

The current volatility for SIT Balanced Fund (SIBAX) is 3.56%, while Sit ESG Growth Fund (IESGX) has a volatility of 4.06%. This indicates that SIBAX experiences smaller price fluctuations and is considered to be less risky than IESGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIBAX	IESGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	4.06%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	7.76%	10.15%	-2.39%
Volatility (1Y) Calculated over the trailing 1-year period	9.82%	12.58%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.55%	16.21%	-3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.26%	16.76%	-4.50%

SIBAX vs. IESGX - Expense Ratio Comparison

SIBAX has a 0.91% expense ratio, which is lower than IESGX's 1.00% expense ratio.

Dividends

SIBAX vs. IESGX - Dividend Comparison

SIBAX's dividend yield for the trailing twelve months is around 3.25%, more than IESGX's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IESGX Sit ESG Growth Fund	1.12%	1.19%	0.06%	0.77%	3.29%	1.43%	0.58%	1.54%	1.41%	0.91%	0.21%	0.00%
SIBAX SIT Balanced Fund	3.25%	3.39%	2.46%	1.36%	4.93%	4.02%	1.55%	6.37%	2.05%	5.20%	1.62%	6.53%

Frequently Asked Questions

Can I hold both SIBAX and IESGX in my portfolio?

With a correlation of 0.95, SIBAX and IESGX 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, SIBAX or IESGX?

IESGX has higher volatility (4.06%) compared to SIBAX (3.56%). In terms of maximum drawdown, SIBAX dropped -40.93% vs IESGX's -32.15%.

Which has better risk-adjusted returns?

SIBAX currently has the higher Sharpe Ratio (1.67 vs 1.61), 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.