FEVIX vs. FLRG
FEVIX (First Eagle U.S. Value Fund) and FLRG (Fidelity U.S. Multifactor ETF) are both funds - FEVIX is a Diversified Portfolio fund managed by First Eagle, while FLRG is a Large Cap Growth Equities fund tracking the Fidelity U.S. Multifactor Index. Over the past 5 years, FEVIX returned 10.25%/yr vs 13.09%/yr for FLRG. Their correlation of 0.84 suggests significant overlap in exposure. FEVIX charges 0.83%/yr vs 0.29%/yr for FLRG.
Performance
FEVIX vs. FLRG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FEVIX achieves a 4.24% return, which is significantly lower than FLRG's 9.38% return.
FEVIX
- 1D
- -0.68%
- 1M
- 0.53%
- YTD
- 4.24%
- 6M
- 4.95%
- 1Y
- 20.44%
- 3Y*
- 17.13%
- 5Y*
- 10.25%
- 10Y*
- 10.82%
FLRG
- 1D
- 0.23%
- 1M
- 3.39%
- YTD
- 9.38%
- 6M
- 9.06%
- 1Y
- 19.32%
- 3Y*
- 19.65%
- 5Y*
- 13.09%
- 10Y*
- —
FEVIX vs. FLRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FEVIX First Eagle U.S. Value Fund | 4.24% | 22.95% | 15.94% | 14.64% | -5.45% | 18.89% | 8.69% |
FLRG Fidelity U.S. Multifactor ETF | 9.38% | 13.92% | 23.36% | 18.31% | -10.98% | 29.36% | 9.53% |
Correlation
The correlation between FEVIX and FLRG is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.84 |
The correlation between FEVIX and FLRG shifts across timeframes, from 0.68 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FEVIX vs. FLRG — Risk / Return Rank
FEVIX
FLRG
FEVIX vs. FLRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle U.S. Value Fund (FEVIX) and Fidelity U.S. Multifactor ETF (FLRG). 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.
| FEVIX | FLRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.34 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.71 | -0.36 |
| Martin ratioReturn relative to average drawdown | 7.83 | 10.69 | -2.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FEVIX | FLRG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.92 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.87 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.05 | -0.32 |
Drawdowns
FEVIX vs. FLRG - Drawdown Comparison
The maximum FEVIX drawdown since its inception was -36.44%, which is greater than FLRG's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FEVIX and FLRG.
Loading charts...
Drawdown Indicators
| FEVIX | FLRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -19.64% | -16.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -7.16% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -10.47% | -16.53% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -19.64% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -29.97% | — | — |
Current DrawdownCurrent decline from peak | -4.24% | -0.14% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -3.74% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.81% | +0.81% |
Volatility
FEVIX vs. FLRG - Volatility Comparison
The current volatility for First Eagle U.S. Value Fund (FEVIX) is 2.20%, while Fidelity U.S. Multifactor ETF (FLRG) has a volatility of 2.33%. This indicates that FEVIX experiences smaller price fluctuations and is considered to be less risky than FLRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FEVIX | FLRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 2.33% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 7.57% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.92% | 10.13% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 15.17% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.80% | 15.01% | -1.21% |
FEVIX vs. FLRG - Expense Ratio Comparison
FEVIX has a 0.83% expense ratio, which is higher than FLRG's 0.29% expense ratio.
Dividends
FEVIX vs. FLRG - Dividend Comparison
FEVIX's dividend yield for the trailing twelve months is around 9.08%, more than FLRG's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEVIX First Eagle U.S. Value Fund | 9.08% | 9.46% | 6.79% | 6.67% | 8.32% | 9.28% | 1.93% | 8.58% | 16.27% | 9.09% | 8.76% | 5.07% |
FLRG Fidelity U.S. Multifactor ETF | 1.34% | 1.42% | 1.42% | 1.39% | 1.62% | 1.36% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEVIX and FLRG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLRG has higher volatility (2.33%) compared to FEVIX (2.20%). In terms of maximum drawdown, FEVIX dropped -36.44% vs FLRG's -19.64%.
FEVIX currently has the higher Sharpe Ratio (2.07 vs 1.92), 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.
Find the right allocation for FEVIX and FLRG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer