STFGX vs. STFBX

Last updated Jun 23, 2026

STFGX (State Farm Growth Fund) and STFBX (State Farm Balanced Fund) are both mutual funds - STFGX is a Large Cap Blend Equities fund managed by State Farm, while STFBX is a Diversified Portfolio fund managed by State Farm. Over the past 10 years, STFGX returned 14.02%/yr vs 10.27%/yr for STFBX. With a 0.97 correlation, they move nearly in lockstep. STFGX charges 0.12%/yr vs 0.14%/yr for STFBX.

Performance

STFGX vs. STFBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Farm Growth Fund (STFGX) and State Farm Balanced Fund (STFBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STFGX achieves a 12.03% return, which is significantly higher than STFBX's 8.41% return. Over the past 10 years, STFGX has outperformed STFBX with an annualized return of 14.02%, while STFBX has yielded a comparatively lower 10.27% annualized return.

STFGX

• 1D: 0.93%
• 1M: 0.71%
• YTD: 12.03%
• 6M: 11.74%
• 1Y: 32.55%
• 3Y*: 20.00%
• 5Y*: 13.94%
• 10Y*: 14.02%

STFBX

• 1D: 0.58%
• 1M: 0.17%
• YTD: 8.41%
• 6M: 8.37%
• 1Y: 24.28%
• 3Y*: 15.36%
• 5Y*: 9.92%
• 10Y*: 10.27%

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

STFGX vs. STFBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STFGX State Farm Growth Fund	12.03%	19.19%	20.85%	17.49%	-11.27%	25.90%	15.65%	28.02%	-5.35%	16.60%
STFBX State Farm Balanced Fund	8.41%	15.62%	14.84%	13.61%	-10.23%	17.54%	13.67%	21.42%	-3.54%	11.41%

Correlation

The correlation between STFGX and STFBX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 31, 1980	0.97

The correlation between STFGX and STFBX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

STFGX vs. STFBX — Risk / Return Rank

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

STFGX

STFGX Risk / Return Rank: 88
STFGX Sharpe Ratio Rank: 91
STFGX Sortino Ratio Rank: 87
STFGX Omega Ratio Rank: 84
STFGX Calmar Ratio Rank: 85
STFGX Martin Ratio Rank: 91

STFBX

STFBX Risk / Return Rank: 87
STFBX Sharpe Ratio Rank: 91
STFBX Sortino Ratio Rank: 89
STFBX Omega Ratio Rank: 85
STFBX Calmar Ratio Rank: 83
STFBX Martin Ratio Rank: 89

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.

STFGX vs. STFBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Farm Growth Fund (STFGX) and State Farm Balanced Fund (STFBX). 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.

	STFGX	STFBX	Difference
Sharpe ratio: Return per unit of total volatility	2.79	2.79	0.00
Sortino ratio: Return per unit of downside risk	3.87	4.02	-0.15
Omega ratio: Gain probability vs. loss probability	1.52	1.53	-0.02
Calmar ratio: Return relative to maximum drawdown	3.84	3.64	+0.20
Martin ratio: Return relative to average drawdown	16.97	15.99	+0.98

STFGX vs. STFBX - Sharpe Ratio Comparison

The current STFGX Sharpe Ratio is 2.79, which is comparable to the STFBX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of STFGX and STFBX, 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

STFGX vs. STFBX - Drawdown Comparison

The maximum STFGX drawdown since its inception was -48.88%, which is greater than STFBX's maximum drawdown of -31.11%. Use the drawdown chart below to compare losses from any high point for STFGX and STFBX.

Drawdown Indicators

	STFGX	STFBX	Difference
Max Drawdown Largest peak-to-trough decline	-48.88%	-31.11%	-17.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-6.69%	-1.82%
Max Drawdown (3Y) Largest decline over 3 years	-21.65%	-13.70%	-7.95%
Max Drawdown (5Y) Largest decline over 5 years	-21.65%	-16.94%	-4.71%
Max Drawdown (10Y) Largest decline over 10 years	-31.46%	-22.74%	-8.72%
Current Drawdown Current decline from peak	-0.65%	-0.98%	+0.33%
Average Drawdown Average peak-to-trough decline	-7.82%	-4.38%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.52%	+0.40%

Volatility

STFGX vs. STFBX - Volatility Comparison

State Farm Growth Fund (STFGX) has a higher volatility of 3.85% compared to State Farm Balanced Fund (STFBX) at 2.84%. This indicates that STFGX's price experiences larger fluctuations and is considered to be riskier than STFBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STFGX	STFBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	2.84%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	7.02%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	8.74%	+2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	11.47%	+4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	11.52%	+5.28%

STFGX vs. STFBX - Expense Ratio Comparison

STFGX has a 0.12% expense ratio, which is lower than STFBX's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

STFGX vs. STFBX - Dividend Comparison

STFGX's dividend yield for the trailing twelve months is around 5.77%, less than STFBX's 6.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STFBX State Farm Balanced Fund	6.68%	7.17%	9.73%	7.13%	1.08%	9.49%	2.75%	2.70%	3.45%	2.86%	2.88%	10.94%
STFGX State Farm Growth Fund	5.77%	6.42%	8.96%	6.39%	0.96%	15.49%	2.81%	3.33%	4.11%	3.40%	3.39%	13.76%

Frequently Asked Questions

Can I hold both STFGX and STFBX in my portfolio?

With a correlation of 0.98, STFGX and STFBX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, STFGX or STFBX?

STFGX has higher volatility (3.85%) compared to STFBX (2.84%). In terms of maximum drawdown, STFGX dropped -48.88% vs STFBX's -31.11%.

Which has better risk-adjusted returns?

STFBX currently has the higher Sharpe Ratio (2.79 vs 2.79), 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.