SPILX vs. SPGBX

Last updated Jun 24, 2026

SPILX (Symmetry Panoramic International Equity Fund) and SPGBX (Symmetry Panoramic Global Fixed Income Fund) are both mutual funds - SPILX is a Foreign Large Cap Equities fund managed by Symmetry Partners, while SPGBX is a Global Bonds fund managed by Symmetry Partners. Over the past 5 years, SPILX returned 9.78%/yr vs 0.11%/yr for SPGBX. At a 0.10 correlation, their price movements are largely independent. SPILX charges 0.89%/yr vs 0.43%/yr for SPGBX.

Performance

SPILX vs. SPGBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Symmetry Panoramic International Equity Fund (SPILX) and Symmetry Panoramic Global Fixed Income Fund (SPGBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPILX achieves a 17.79% return, which is significantly higher than SPGBX's 0.88% return.

SPILX

• 1D: 0.35%
• 1M: 3.94%
• YTD: 17.79%
• 6M: 17.68%
• 1Y: 34.78%
• 3Y*: 21.20%
• 5Y*: 9.78%
• 10Y*: —

SPGBX

• 1D: -0.22%
• 1M: 0.77%
• YTD: 0.88%
• 6M: 0.94%
• 1Y: 3.16%
• 3Y*: 3.98%
• 5Y*: 0.11%
• 10Y*: —

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

SPILX vs. SPGBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPILX Symmetry Panoramic International Equity Fund	17.79%	33.04%	1.61%	18.25%	-15.29%	9.49%	8.30%	16.76%	-2.40%
SPGBX Symmetry Panoramic Global Fixed Income Fund	0.88%	4.42%	1.26%	8.39%	-12.91%	-2.25%	5.42%	6.33%	2.84%

Correlation

The correlation between SPILX and SPGBX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018	0.10

Over the past year, SPILX and SPGBX have become more correlated (0.47) than their long-term average of 0.10, meaning their price movements have been converging.

Return for Risk

SPILX vs. SPGBX — Risk / Return Rank

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

SPILX

SPILX Risk / Return Rank: 74
SPILX Sharpe Ratio Rank: 79
SPILX Sortino Ratio Rank: 70
SPILX Omega Ratio Rank: 76
SPILX Calmar Ratio Rank: 75
SPILX Martin Ratio Rank: 68

SPGBX

SPGBX Risk / Return Rank: 20
SPGBX Sharpe Ratio Rank: 23
SPGBX Sortino Ratio Rank: 23
SPGBX Omega Ratio Rank: 22
SPGBX Calmar Ratio Rank: 18
SPGBX Martin Ratio Rank: 16

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.

SPILX vs. SPGBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Symmetry Panoramic International Equity Fund (SPILX) and Symmetry Panoramic Global Fixed Income Fund (SPGBX). 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.

	SPILX	SPGBX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	1.25	+1.15
Sortino ratio: Return per unit of downside risk	3.18	1.83	+1.35
Omega ratio: Gain probability vs. loss probability	1.45	1.23	+0.23
Calmar ratio: Return relative to maximum drawdown	3.21	1.43	+1.78
Martin ratio: Return relative to average drawdown	12.48	4.02	+8.46

SPILX vs. SPGBX - Sharpe Ratio Comparison

The current SPILX Sharpe Ratio is 2.39, which is higher than the SPGBX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of SPILX and SPGBX, 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

SPILX vs. SPGBX - Drawdown Comparison

The maximum SPILX drawdown since its inception was -34.53%, which is greater than SPGBX's maximum drawdown of -17.02%. Use the drawdown chart below to compare losses from any high point for SPILX and SPGBX.

Drawdown Indicators

	SPILX	SPGBX	Difference
Max Drawdown Largest peak-to-trough decline	-34.53%	-17.02%	-17.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-2.38%	-8.70%
Max Drawdown (3Y) Largest decline over 3 years	-12.90%	-3.99%	-8.91%
Max Drawdown (5Y) Largest decline over 5 years	-27.71%	-16.67%	-11.04%
Current Drawdown Current decline from peak	0.00%	-1.57%	+1.57%
Average Drawdown Average peak-to-trough decline	-6.34%	-5.31%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	0.84%	+2.00%

Volatility

SPILX vs. SPGBX - Volatility Comparison

Symmetry Panoramic International Equity Fund (SPILX) has a higher volatility of 6.52% compared to Symmetry Panoramic Global Fixed Income Fund (SPGBX) at 0.79%. This indicates that SPILX's price experiences larger fluctuations and is considered to be riskier than SPGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPILX	SPGBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	0.79%	+5.73%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	2.18%	+10.91%
Volatility (1Y) Calculated over the trailing 1-year period	14.88%	2.73%	+12.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	4.77%	+9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	4.30%	+11.21%

SPILX vs. SPGBX - Expense Ratio Comparison

SPILX has a 0.89% expense ratio, which is higher than SPGBX's 0.43% expense ratio.

Dividends

SPILX vs. SPGBX - Dividend Comparison

SPILX's dividend yield for the trailing twelve months is around 5.64%, more than SPGBX's 3.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SPGBX Symmetry Panoramic Global Fixed Income Fund	3.70%	4.18%	4.86%	3.30%	1.59%	2.05%	1.35%	2.75%	1.20%
SPILX Symmetry Panoramic International Equity Fund	5.64%	6.64%	3.44%	3.50%	2.45%	2.36%	1.22%	2.96%	1.00%

Frequently Asked Questions

Can I hold both SPILX and SPGBX in my portfolio?

SPILX and SPGBX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPILX or SPGBX?

SPILX has higher volatility (6.52%) compared to SPGBX (0.79%). In terms of maximum drawdown, SPILX dropped -34.53% vs SPGBX's -17.02%.

Which has better risk-adjusted returns?

SPILX currently has the higher Sharpe Ratio (2.39 vs 1.25), 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.