SNTIX vs. SNGVX
SNTIX (SIT Tax Free Income Fund) and SNGVX (SIT U.S. Government Securities Fund) are both mutual funds - SNTIX is a Municipal Bonds fund managed by Sit, while SNGVX is a Government Bonds fund managed by Sit. Over the past 10 years, SNTIX returned 2.00%/yr vs 1.50%/yr for SNGVX. Their 0.39 correlation means their historical movements had little consistent relationship. Both charge a 0.80% expense ratio.
Performance
SNTIX vs. SNGVX - Performance Comparison
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Returns By Period
In the year-to-date period, SNTIX achieves a 1.30% return, which is significantly higher than SNGVX's 0.15% return. Over the past 10 years, SNTIX has outperformed SNGVX with an annualized return of 2.00%, while SNGVX has yielded a comparatively lower 1.50% annualized return.
SNTIX
- 1D
- -0.23%
- 1M
- -2.13%
- 6M
- 0.75%
- YTD
- 1.30%
- 1Y
- 7.68%
- 3Y*
- 4.75%
- 5Y*
- 0.48%
- 10Y*
- 2.00%
- ALL TIME*
- 3.80%
SNGVX
- 1D
- -0.10%
- 1M
- -0.48%
- 6M
- -0.07%
- YTD
- 0.15%
- 1Y
- 2.43%
- 3Y*
- 4.05%
- 5Y*
- 1.20%
- 10Y*
- 1.50%
- ALL TIME*
- 4.03%
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 |
SNTIX vs. SNGVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNTIX SIT Tax Free Income Fund | 1.30% | 5.29% | 5.95% | 5.02% | -13.91% | 3.01% | 3.76% | 7.34% | 0.75% | 7.70% |
SNGVX SIT U.S. Government Securities Fund | 0.15% | 6.93% | 2.41% | 3.22% | -4.80% | -1.15% | 3.53% | 3.34% | 1.80% | 1.34% |
Correlation
The correlation between SNTIX and SNGVX is 0.55, 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. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 30, 1996 | 0.39 |
The correlation between SNTIX and SNGVX shifts across timeframes, from 0.24 (5 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SNTIX vs. SNGVX — Risk / Return Rank
SNTIX
SNGVX
SNTIX vs. SNGVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SIT Tax Free Income Fund (SNTIX) and SIT U.S. Government Securities Fund (SNGVX). 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.
| SNTIX | SNGVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.20 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 1.31 | +1.60 |
| Martin ratioReturn relative to average drawdown | 11.18 | 3.33 | +7.84 |
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Drawdowns
SNTIX vs. SNGVX - Drawdown Comparison
The maximum SNTIX drawdown since its inception was -18.13%, which is greater than SNGVX's maximum drawdown of -9.17%. Use the drawdown chart below to compare losses from any high point for SNTIX and SNGVX.
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Drawdown Indicators
| SNTIX | SNGVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.13% | -9.17% | -8.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -2.41% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | -3.34% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | -9.09% | -9.04% |
Max Drawdown (10Y)Largest decline over 10 years | -18.13% | -9.17% | -8.96% |
Current DrawdownCurrent decline from peak | -2.13% | -1.61% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -0.83% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.95% | -0.16% |
Volatility
SNTIX vs. SNGVX - Volatility Comparison
SIT Tax Free Income Fund (SNTIX) has a higher volatility of 0.89% compared to SIT U.S. Government Securities Fund (SNGVX) at 0.68%. This indicates that SNTIX's price experiences larger fluctuations and is considered to be riskier than SNGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNTIX | SNGVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.68% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.27% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 2.89% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 3.74% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 2.98% | +1.58% |
SNTIX vs. SNGVX - Expense Ratio Comparison
Both SNTIX and SNGVX have an expense ratio of 0.80%.
Dividends
SNTIX vs. SNGVX - Dividend Comparison
SNTIX's dividend yield for the trailing twelve months is around 3.43%, less than SNGVX's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNGVX SIT U.S. Government Securities Fund | 3.52% | 3.76% | 3.78% | 3.23% | 1.70% | 0.75% | 1.40% | 2.18% | 2.05% | 1.60% | 1.63% | 1.87% |
SNTIX SIT Tax Free Income Fund | 3.43% | 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
SNTIX and SNGVX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNTIX has higher volatility (0.89%) compared to SNGVX (0.68%). In terms of maximum drawdown, SNTIX dropped -18.13% vs SNGVX's -9.17%.
SNTIX currently has the higher Sharpe Ratio (2.54 vs 1.10), 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.
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