SIBAX vs. SDVGX

Last updated Jun 4, 2026

SIBAX (SIT Balanced Fund) and SDVGX (SIT Dividend Growth Fund) are both mutual funds - SIBAX is a Diversified Portfolio fund managed by Sit, while SDVGX is a Large Cap Blend Equities fund managed by Sit. Over the past 10 years, SIBAX returned 10.66%/yr vs 12.44%/yr for SDVGX. Their correlation of 0.93 suggests significant overlap in exposure. SIBAX charges 0.91%/yr vs 0.70%/yr for SDVGX.

Performance

SIBAX vs. SDVGX - Performance Comparison

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

Returns By Period

In the year-to-date period, SIBAX achieves a 5.37% return, which is significantly lower than SDVGX's 7.37% return. Over the past 10 years, SIBAX has underperformed SDVGX with an annualized return of 10.66%, while SDVGX has yielded a comparatively higher 12.44% annualized return.

SIBAX

• 1D: -0.07%
• 1M: 3.44%
• YTD: 5.37%
• 6M: 4.98%
• 1Y: 19.05%
• 3Y*: 16.05%
• 5Y*: 8.64%
• 10Y*: 10.66%

SDVGX

• 1D: 0.50%
• 1M: 4.56%
• YTD: 7.37%
• 6M: 7.93%
• 1Y: 24.32%
• 3Y*: 18.34%
• 5Y*: 11.38%
• 10Y*: 12.44%

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

SIBAX vs. SDVGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SIBAX SIT Balanced Fund	5.37%	13.57%	18.02%	22.64%	-20.90%	17.10%	20.75%	20.71%	-2.75%	17.73%
SDVGX SIT Dividend Growth Fund	7.37%	18.73%	18.22%	14.89%	-12.17%	27.87%	7.79%	29.18%	-6.86%	20.22%

Correlation

The correlation between SIBAX and SDVGX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 5, 2004	0.93

The correlation between SIBAX and SDVGX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

SIBAX vs. SDVGX — Risk / Return Rank

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

SIBAX

SIBAX Risk / Return Rank: 46
SIBAX Sharpe Ratio Rank: 51
SIBAX Sortino Ratio Rank: 50
SIBAX Omega Ratio Rank: 48
SIBAX Calmar Ratio Rank: 38
SIBAX Martin Ratio Rank: 45

SDVGX

SDVGX Risk / Return Rank: 70
SDVGX Sharpe Ratio Rank: 74
SDVGX Sortino Ratio Rank: 67
SDVGX Omega Ratio Rank: 65
SDVGX Calmar Ratio Rank: 67
SDVGX Martin Ratio Rank: 77

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. SDVGX - Risk-Adjusted Trends Comparison

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

	SIBAX	SDVGX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.49	-0.38
Sortino ratio: Return per unit of downside risk	2.98	3.42	-0.44
Omega ratio: Gain probability vs. loss probability	1.38	1.45	-0.07
Calmar ratio: Return relative to maximum drawdown	2.32	3.18	-0.86
Martin ratio: Return relative to average drawdown	9.51	14.56	-5.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIBAX vs. SDVGX - Sharpe Ratio Comparison

The current SIBAX Sharpe Ratio is 2.10, which is comparable to the SDVGX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of SIBAX and SDVGX, 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

	SIBAX	SDVGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.49	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.76	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.73	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.60	+0.04

Drawdowns

SIBAX vs. SDVGX - Drawdown Comparison

The maximum SIBAX drawdown since its inception was -40.93%, smaller than the maximum SDVGX drawdown of -45.52%. Use the drawdown chart below to compare losses from any high point for SIBAX and SDVGX.

Drawdown Indicators

	SIBAX	SDVGX	Difference
Max Drawdown Largest peak-to-trough decline	-40.93%	-45.52%	+4.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-7.92%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-13.44%	-16.13%	+2.69%
Max Drawdown (5Y) Largest decline over 5 years	-24.75%	-21.13%	-3.62%
Max Drawdown (10Y) Largest decline over 10 years	-24.75%	-35.01%	+10.26%
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-7.75%	-5.03%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.73%	+0.34%

Volatility

SIBAX vs. SDVGX - Volatility Comparison

SIT Balanced Fund (SIBAX) has a higher volatility of 2.56% compared to SIT Dividend Growth Fund (SDVGX) at 2.27%. This indicates that SIBAX's price experiences larger fluctuations and is considered to be riskier than SDVGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIBAX	SDVGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	2.27%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	7.23%	7.76%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	9.39%	10.14%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.48%	15.10%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.23%	17.19%	-4.96%

SIBAX vs. SDVGX - Expense Ratio Comparison

SIBAX has a 0.91% expense ratio, which is higher than SDVGX's 0.70% expense ratio.

Dividends

SIBAX vs. SDVGX - Dividend Comparison

SIBAX's dividend yield for the trailing twelve months is around 3.19%, less than SDVGX's 9.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SDVGX SIT Dividend Growth Fund	9.42%	10.10%	12.47%	4.66%	12.01%	12.29%	1.42%	12.85%	25.20%	11.49%	8.32%	13.23%
SIBAX SIT Balanced Fund	3.19%	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 SDVGX in my portfolio?

SIBAX and SDVGX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIBAX or SDVGX?

SIBAX has higher volatility (2.56%) compared to SDVGX (2.27%). In terms of maximum drawdown, SIBAX dropped -40.93% vs SDVGX's -45.52%.

Which has better risk-adjusted returns?

SDVGX currently has the higher Sharpe Ratio (2.49 vs 2.10), 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.