SNGRX vs. SNTIX

Last updated Jun 23, 2026

SNGRX (SIT International Growth Fund) and SNTIX (SIT Tax Free Income Fund) are both mutual funds - SNGRX is a Foreign Large Cap Equities fund managed by Sit, while SNTIX is a Municipal Bonds fund managed by Sit. Over the past 10 years, SNGRX returned 8.28%/yr vs 2.20%/yr for SNTIX. At a correlation of -0.03, they often move in opposite directions. SNGRX charges 1.20%/yr vs 0.80%/yr for SNTIX.

Performance

SNGRX vs. SNTIX - Performance Comparison

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

Returns By Period

In the year-to-date period, SNGRX achieves a 10.42% return, which is significantly higher than SNTIX's 2.70% return. Over the past 10 years, SNGRX has outperformed SNTIX with an annualized return of 8.28%, while SNTIX has yielded a comparatively lower 2.20% annualized return.

SNGRX

• 1D: 1.40%
• 1M: 1.51%
• YTD: 10.42%
• 6M: 10.97%
• 1Y: 21.88%
• 3Y*: 13.73%
• 5Y*: 6.42%
• 10Y*: 8.28%

SNTIX

• 1D: 0.23%
• 1M: 2.27%
• YTD: 2.70%
• 6M: 3.17%
• 1Y: 9.23%
• 3Y*: 5.53%
• 5Y*: 0.90%
• 10Y*: 2.20%

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

SNGRX vs. SNTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNGRX SIT International Growth Fund	10.42%	22.14%	5.54%	19.98%	-22.07%	11.87%	18.63%	26.17%	-16.28%	24.02%
SNTIX SIT Tax Free Income Fund	2.70%	5.29%	5.95%	5.02%	-13.91%	3.01%	3.76%	7.34%	0.75%	7.70%

Correlation

The correlation between SNGRX and SNTIX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since May 30, 1996	-0.03

The correlation between SNGRX and SNTIX shifts across timeframes, from -0.03 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SNGRX vs. SNTIX — Risk / Return Rank

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

SNGRX

SNGRX Risk / Return Rank: 30
SNGRX Sharpe Ratio Rank: 25
SNGRX Sortino Ratio Rank: 23
SNGRX Omega Ratio Rank: 26
SNGRX Calmar Ratio Rank: 34
SNGRX Martin Ratio Rank: 39

SNTIX

SNTIX Risk / Return Rank: 80
SNTIX Sharpe Ratio Rank: 87
SNTIX Sortino Ratio Rank: 91
SNTIX Omega Ratio Rank: 92
SNTIX Calmar Ratio Rank: 69
SNTIX Martin Ratio Rank: 62

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. SNTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SIT International Growth Fund (SNGRX) and SIT Tax Free Income Fund (SNTIX). 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	SNTIX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.62	-1.27
Sortino ratio: Return per unit of downside risk	1.90	4.17	-2.27
Omega ratio: Gain probability vs. loss probability	1.25	1.65	-0.40
Calmar ratio: Return relative to maximum drawdown	2.09	3.05	-0.96
Martin ratio: Return relative to average drawdown	7.92	11.46	-3.54

SNGRX vs. SNTIX - Sharpe Ratio Comparison

The current SNGRX Sharpe Ratio is 1.34, which is lower than the SNTIX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of SNGRX and SNTIX, 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. SNTIX - Drawdown Comparison

The maximum SNGRX drawdown since its inception was -72.79%, which is greater than SNTIX's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for SNGRX and SNTIX.

Drawdown Indicators

	SNGRX	SNTIX	Difference
Max Drawdown Largest peak-to-trough decline	-72.79%	-18.13%	-54.66%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-3.04%	-7.11%
Max Drawdown (3Y) Largest decline over 3 years	-14.16%	-6.75%	-7.41%
Max Drawdown (5Y) Largest decline over 5 years	-35.11%	-18.13%	-16.98%
Max Drawdown (10Y) Largest decline over 10 years	-35.11%	-18.13%	-16.98%
Current Drawdown Current decline from peak	-1.93%	0.00%	-1.93%
Average Drawdown Average peak-to-trough decline	-27.70%	-2.31%	-25.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	0.81%	+1.86%

Volatility

SNGRX vs. SNTIX - Volatility Comparison

SIT International Growth Fund (SNGRX) has a higher volatility of 6.71% compared to SIT Tax Free Income Fund (SNTIX) at 0.91%. This indicates that SNGRX's price experiences larger fluctuations and is considered to be riskier than SNTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNGRX	SNTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	0.91%	+5.80%
Volatility (6M) Calculated over the trailing 6-month period	13.40%	2.57%	+10.83%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	3.54%	+12.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	4.62%	+12.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	4.55%	+12.86%

SNGRX vs. SNTIX - Expense Ratio Comparison

SNGRX has a 1.20% expense ratio, which is higher than SNTIX's 0.80% expense ratio.

Dividends

SNGRX vs. SNTIX - Dividend Comparison

SNGRX's dividend yield for the trailing twelve months is around 1.00%, less than SNTIX's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SNGRX SIT International Growth Fund	1.00%	1.10%	3.53%	2.07%	2.00%	0.23%	0.22%	0.94%	1.25%	0.83%	0.50%	7.22%
SNTIX SIT Tax Free Income Fund	3.65%	4.49%	4.14%	3.54%	1.88%	2.46%	2.62%	3.33%	3.37%	4.01%	3.70%	3.60%

Frequently Asked Questions

Can I hold both SNGRX and SNTIX in my portfolio?

SNGRX and SNTIX have a correlation of 0.31, 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 SNTIX?

SNGRX has higher volatility (6.71%) compared to SNTIX (0.91%). In terms of maximum drawdown, SNGRX dropped -72.79% vs SNTIX's -18.13%.

Which has better risk-adjusted returns?

SNTIX currently has the higher Sharpe Ratio (2.62 vs 1.34), 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.