SNGVX vs. VGIVX
SNGVX (SIT U.S. Government Securities Fund) and VGIVX (Vanguard Emerging Markets Government Bond Index Fund Institutional Shares) are both Government Bonds funds. Over the past 10 years, SNGVX returned 1.47%/yr vs 3.13%/yr for VGIVX. Their 0.39 correlation means their historical movements had little consistent relationship. SNGVX charges 0.80%/yr vs 0.18%/yr for VGIVX.
Performance
SNGVX vs. VGIVX - Performance Comparison
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Returns By Period
In the year-to-date period, SNGVX achieves a -0.22% return, which is significantly lower than VGIVX's 0.48% return. Over the past 10 years, SNGVX has underperformed VGIVX with an annualized return of 1.47%, while VGIVX has yielded a comparatively higher 3.13% annualized return.
SNGVX
- 1D
- -0.36%
- 1M
- -0.85%
- 6M
- -0.43%
- YTD
- -0.22%
- 1Y
- 2.06%
- 3Y*
- 4.03%
- 5Y*
- 1.12%
- 10Y*
- 1.47%
- ALL TIME*
- 4.02%
VGIVX
- 1D
- 0.00%
- 1M
- -1.52%
- 6M
- 0.23%
- YTD
- 0.48%
- 1Y
- 6.39%
- 3Y*
- 8.38%
- 5Y*
- 1.87%
- 10Y*
- 3.13%
- ALL TIME*
- 3.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SNGVX vs. VGIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNGVX SIT U.S. Government Securities Fund | -0.22% | 6.93% | 2.41% | 3.22% | -4.80% | -1.15% | 3.53% | 3.34% | 1.80% | 1.34% |
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 0.48% | 13.05% | 6.31% | 10.48% | -16.72% | -2.41% | 5.83% | 14.03% | -2.72% | 8.47% |
Correlation
The correlation between SNGVX and VGIVX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.39 |
Over the past year, SNGVX and VGIVX have become more correlated (0.63) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
SNGVX vs. VGIVX — Risk / Return Rank
SNGVX
VGIVX
SNGVX vs. VGIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SIT U.S. Government Securities Fund (SNGVX) and Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX). 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.
| SNGVX | VGIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.66 | -0.52 |
| Martin ratioReturn relative to average drawdown | 2.88 | 6.30 | -3.41 |
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Drawdowns
SNGVX vs. VGIVX - Drawdown Comparison
The maximum SNGVX drawdown since its inception was -9.17%, smaller than the maximum VGIVX drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for SNGVX and VGIVX.
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Drawdown Indicators
| SNGVX | VGIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.17% | -26.79% | +17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.93% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -3.34% | -6.17% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -8.93% | -26.79% | +17.86% |
Max Drawdown (10Y)Largest decline over 10 years | -9.17% | -26.79% | +17.62% |
Current DrawdownCurrent decline from peak | -1.97% | -1.85% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -4.64% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.04% | -0.08% |
Volatility
SNGVX vs. VGIVX - Volatility Comparison
The current volatility for SIT U.S. Government Securities Fund (SNGVX) is 0.74%, while Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) has a volatility of 0.98%. This indicates that SNGVX experiences smaller price fluctuations and is considered to be less risky than VGIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNGVX | VGIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.98% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 3.51% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 4.18% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.75% | 6.32% | -2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 6.36% | -3.38% |
SNGVX vs. VGIVX - Expense Ratio Comparison
SNGVX has a 0.80% expense ratio, which is higher than VGIVX's 0.18% expense ratio.
Dividends
SNGVX vs. VGIVX - Dividend Comparison
SNGVX's dividend yield for the trailing twelve months is around 3.87%, less than VGIVX's 5.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNGVX SIT U.S. Government Securities Fund | 3.87% | 3.76% | 3.78% | 3.23% | 1.70% | 0.75% | 1.40% | 2.18% | 2.05% | 1.60% | 1.63% | 1.87% |
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 5.39% | 5.95% | 6.58% | 5.53% | 5.32% | 3.53% | 4.21% | 4.62% | 4.62% | 4.67% | 4.76% | 4.55% |
Frequently Asked Questions
SNGVX and VGIVX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGIVX has higher volatility (0.98%) compared to SNGVX (0.74%). In terms of maximum drawdown, SNGVX dropped -9.17% vs VGIVX's -26.79%.
VGIVX currently has the higher Sharpe Ratio (1.57 vs 0.95), 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.
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