SNGRX vs. SDMGX

Last updated Jun 25, 2026

SNGRX (SIT International Growth Fund) and SDMGX (SIT Developing Markets Growth Fund) are both mutual funds - SNGRX is a Foreign Large Cap Equities fund managed by Sit, while SDMGX is a Emerging Markets Diversified fund managed by Sit. Over the past 10 years, SNGRX returned 8.57%/yr vs 11.12%/yr for SDMGX. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 1.20% expense ratio.

Performance

SNGRX vs. SDMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SIT International Growth Fund (SNGRX) and SIT Developing Markets Growth Fund (SDMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNGRX achieves a 7.48% return, which is significantly lower than SDMGX's 22.13% return. Over the past 10 years, SNGRX has underperformed SDMGX with an annualized return of 8.57%, while SDMGX has yielded a comparatively higher 11.12% annualized return.

SNGRX

• 1D: -1.92%
• 1M: -1.19%
• YTD: 7.48%
• 6M: 7.24%
• 1Y: 16.50%
• 3Y*: 14.07%
• 5Y*: 5.52%
• 10Y*: 8.57%

SDMGX

• 1D: -4.08%
• 1M: 2.27%
• YTD: 22.13%
• 6M: 23.19%
• 1Y: 47.51%
• 3Y*: 24.03%
• 5Y*: 8.33%
• 10Y*: 11.12%

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

SNGRX vs. SDMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNGRX SIT International Growth Fund	7.48%	22.14%	5.54%	19.98%	-22.07%	11.87%	18.63%	26.17%	-16.28%	24.02%
SDMGX SIT Developing Markets Growth Fund	22.13%	36.11%	13.58%	7.37%	-17.23%	-8.88%	23.14%	19.77%	-14.76%	43.22%

Correlation

The correlation between SNGRX and SDMGX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 3, 1995	0.77

The correlation between SNGRX and SDMGX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

Return for Risk

SNGRX vs. SDMGX — Risk / Return Rank

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

SNGRX

SNGRX Risk / Return Rank: 25
SNGRX Sharpe Ratio Rank: 21
SNGRX Sortino Ratio Rank: 21
SNGRX Omega Ratio Rank: 22
SNGRX Calmar Ratio Rank: 29
SNGRX Martin Ratio Rank: 33

SDMGX

SDMGX Risk / Return Rank: 78
SDMGX Sharpe Ratio Rank: 77
SDMGX Sortino Ratio Rank: 60
SDMGX Omega Ratio Rank: 79
SDMGX Calmar Ratio Rank: 88
SDMGX Martin Ratio Rank: 86

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.

SNGRX vs. SDMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SIT International Growth Fund (SNGRX) and SIT Developing Markets Growth Fund (SDMGX). 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.

	SNGRX	SDMGX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	2.27	-1.15
Sortino ratio: Return per unit of downside risk	1.62	2.80	-1.18
Omega ratio: Gain probability vs. loss probability	1.21	1.45	-0.24
Calmar ratio: Return relative to maximum drawdown	1.77	3.93	-2.16
Martin ratio: Return relative to average drawdown	6.64	14.55	-7.91

SNGRX vs. SDMGX - Sharpe Ratio Comparison

The current SNGRX Sharpe Ratio is 1.13, which is lower than the SDMGX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of SNGRX and SDMGX, 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

SNGRX vs. SDMGX - Drawdown Comparison

The maximum SNGRX drawdown since its inception was -72.79%, which is greater than SDMGX's maximum drawdown of -67.12%. Use the drawdown chart below to compare losses from any high point for SNGRX and SDMGX.

Drawdown Indicators

	SNGRX	SDMGX	Difference
Max Drawdown Largest peak-to-trough decline	-72.79%	-67.12%	-5.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-13.00%	+2.85%
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	-18.90%	+4.74%
Max Drawdown (5Y) Largest decline over 5 years	-35.11%	-39.52%	+4.41%
Max Drawdown (10Y) Largest decline over 10 years	-35.11%	-44.63%	+9.52%
Current Drawdown Current decline from peak	-4.54%	-6.33%	+1.79%
Average Drawdown Average peak-to-trough decline	-27.70%	-23.57%	-4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	3.50%	-0.81%

Volatility

SNGRX vs. SDMGX - Volatility Comparison

The current volatility for SIT International Growth Fund (SNGRX) is 6.88%, while SIT Developing Markets Growth Fund (SDMGX) has a volatility of 13.91%. This indicates that SNGRX experiences smaller price fluctuations and is considered to be less risky than SDMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNGRX	SDMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.88%	13.91%	-7.03%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	19.92%	-6.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	22.47%	-6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	20.26%	-2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	19.69%	-2.46%

SNGRX vs. SDMGX - Expense Ratio Comparison

Both SNGRX and SDMGX have an expense ratio of 1.20%.

Dividends

SNGRX vs. SDMGX - Dividend Comparison

SNGRX's dividend yield for the trailing twelve months is around 1.03%, more than SDMGX's 0.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SDMGX SIT Developing Markets Growth Fund	0.71%	0.87%	4.13%	2.03%	2.44%	2.13%	0.26%	1.75%	1.67%	1.45%	0.27%	3.13%
SNGRX SIT International Growth Fund	1.03%	1.10%	3.53%	2.07%	2.00%	0.23%	0.22%	0.94%	1.25%	0.83%	0.50%	7.22%

Frequently Asked Questions

Can I hold both SNGRX and SDMGX in my portfolio?

SNGRX and SDMGX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNGRX or SDMGX?

SDMGX has higher volatility (13.91%) compared to SNGRX (6.88%). In terms of maximum drawdown, SNGRX dropped -72.79% vs SDMGX's -67.12%.

Which has better risk-adjusted returns?

SDMGX currently has the higher Sharpe Ratio (2.27 vs 1.13), 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.