SSGFX vs. MEIFX

Last updated Jun 26, 2026

SSGFX (Sextant Growth Fund) and MEIFX (Meridian Enhanced Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, SSGFX returned 14.79%/yr vs 14.13%/yr for MEIFX. Their correlation of 0.80 suggests significant overlap in exposure. SSGFX charges 0.74%/yr vs 1.20%/yr for MEIFX.

Performance

SSGFX vs. MEIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sextant Growth Fund (SSGFX) and Meridian Enhanced Equity Fund (MEIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSGFX achieves a 4.38% return, which is significantly higher than MEIFX's 4.13% return. Both investments have delivered pretty close results over the past 10 years, with SSGFX having a 14.79% annualized return and MEIFX not far behind at 14.13%.

SSGFX

• 1D: 0.00%
• 1M: -5.32%
• YTD: 4.38%
• 6M: 3.35%
• 1Y: 16.35%
• 3Y*: 17.58%
• 5Y*: 10.14%
• 10Y*: 14.79%

MEIFX

• 1D: 0.00%
• 1M: 0.59%
• YTD: 4.13%
• 6M: 3.41%
• 1Y: 6.93%
• 3Y*: 11.12%
• 5Y*: 5.77%
• 10Y*: 14.13%

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

SSGFX vs. MEIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSGFX Sextant Growth Fund	4.38%	16.01%	24.45%	28.25%	-25.30%	22.79%	30.49%	36.39%	0.46%	16.80%
MEIFX Meridian Enhanced Equity Fund	4.13%	6.51%	13.19%	18.96%	-16.43%	15.15%	26.18%	44.95%	-0.51%	27.94%

Correlation

The correlation between SSGFX and MEIFX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 2, 2005	0.80

Over the past year, the correlation between SSGFX and MEIFX has dropped to 0.39 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

SSGFX vs. MEIFX — Risk / Return Rank

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

SSGFX

SSGFX Risk / Return Rank: 21
SSGFX Sharpe Ratio Rank: 23
SSGFX Sortino Ratio Rank: 22
SSGFX Omega Ratio Rank: 23
SSGFX Calmar Ratio Rank: 17
SSGFX Martin Ratio Rank: 19

MEIFX

MEIFX Risk / Return Rank: 14
MEIFX Sharpe Ratio Rank: 11
MEIFX Sortino Ratio Rank: 10
MEIFX Omega Ratio Rank: 10
MEIFX Calmar Ratio Rank: 20
MEIFX Martin Ratio Rank: 20

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.

SSGFX vs. MEIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sextant Growth Fund (SSGFX) and Meridian Enhanced Equity Fund (MEIFX). 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.

	SSGFX	MEIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	0.68	+0.45
Sortino ratio: Return per unit of downside risk	1.61	1.01	+0.60
Omega ratio: Gain probability vs. loss probability	1.20	1.12	+0.08
Calmar ratio: Return relative to maximum drawdown	1.19	1.36	-0.17
Martin ratio: Return relative to average drawdown	3.93	4.22	-0.29

SSGFX vs. MEIFX - Sharpe Ratio Comparison

The current SSGFX Sharpe Ratio is 1.13, which is higher than the MEIFX Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of SSGFX and MEIFX, 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

SSGFX vs. MEIFX - Drawdown Comparison

The maximum SSGFX drawdown since its inception was -51.52%, smaller than the maximum MEIFX drawdown of -54.37%. Use the drawdown chart below to compare losses from any high point for SSGFX and MEIFX.

Drawdown Indicators

	SSGFX	MEIFX	Difference
Max Drawdown Largest peak-to-trough decline	-51.52%	-54.37%	+2.85%
Max Drawdown (1Y) Largest decline over 1 year	-14.13%	-4.80%	-9.33%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	-19.30%	-1.77%
Max Drawdown (5Y) Largest decline over 5 years	-30.06%	-23.54%	-6.52%
Max Drawdown (10Y) Largest decline over 10 years	-30.23%	-28.67%	-1.56%
Current Drawdown Current decline from peak	-6.64%	-2.03%	-4.61%
Average Drawdown Average peak-to-trough decline	-10.11%	-7.70%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	1.53%	+2.73%

Volatility

SSGFX vs. MEIFX - Volatility Comparison

Sextant Growth Fund (SSGFX) has a higher volatility of 5.80% compared to Meridian Enhanced Equity Fund (MEIFX) at 3.95%. This indicates that SSGFX's price experiences larger fluctuations and is considered to be riskier than MEIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSGFX	MEIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	3.95%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	11.70%	6.89%	+4.81%
Volatility (1Y) Calculated over the trailing 1-year period	14.93%	9.60%	+5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	15.97%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	17.96%	+1.54%

SSGFX vs. MEIFX - Expense Ratio Comparison

SSGFX has a 0.74% expense ratio, which is lower than MEIFX's 1.20% expense ratio.

Dividends

SSGFX vs. MEIFX - Dividend Comparison

SSGFX's dividend yield for the trailing twelve months is around 1.57%, less than MEIFX's 6.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEIFX Meridian Enhanced Equity Fund	6.96%	7.25%	14.61%	0.61%	9.28%	25.44%	13.26%	40.49%	11.67%	1.18%	0.78%	4.24%
SSGFX Sextant Growth Fund	1.57%	1.64%	2.19%	0.00%	2.59%	8.85%	0.58%	2.83%	5.10%	0.63%	3.65%	8.92%

Frequently Asked Questions

Can I hold both SSGFX and MEIFX in my portfolio?

SSGFX and MEIFX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSGFX or MEIFX?

SSGFX has higher volatility (5.80%) compared to MEIFX (3.95%). In terms of maximum drawdown, SSGFX dropped -51.52% vs MEIFX's -54.37%.

Which has better risk-adjusted returns?

SSGFX currently has the higher Sharpe Ratio (1.13 vs 0.68), 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.