BEDY vs. FEGE

Last updated Jul 14, 2026

BEDY (BNY Mellon Enhanced Dividend Income ETF) and FEGE (First Eagle Global Equity ETF) are both Large Cap Value Equities funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

BEDY vs. FEGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Enhanced Dividend Income ETF (BEDY) and First Eagle Global Equity ETF (FEGE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEDY achieves a 14.52% return, which is significantly higher than FEGE's 7.91% return.

BEDY

• 1D: 0.31%
• 1M: 1.48%
• 6M: 11.16%
• YTD: 14.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEGE

• 1D: -0.14%
• 1M: -0.13%
• 6M: 2.84%
• YTD: 7.91%
• 1Y: 23.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BEDY vs. FEGE - Yearly Performance Comparison

	2026 (YTD)	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	14.52%	1.45%
FEGE First Eagle Global Equity ETF	7.91%	1.16%

Correlation

The correlation between BEDY and FEGE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 8, 2025	0.70

Return for Risk

BEDY vs. FEGE — Risk / Return Rank

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

BEDY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FEGE

FEGE Risk / Return Rank: 64
FEGE Sharpe Ratio Rank: 75
FEGE Sortino Ratio Rank: 70
FEGE Omega Ratio Rank: 69
FEGE Calmar Ratio Rank: 55
FEGE Martin Ratio Rank: 52

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.

BEDY vs. FEGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Enhanced Dividend Income ETF (BEDY) and First Eagle Global Equity ETF (FEGE). 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.

	BEDY	FEGE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.89	—
Sortino ratio: Return per unit of downside risk	—	2.55	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.20	—
Martin ratio: Return relative to average drawdown	—	7.10	—

Drawdowns

BEDY vs. FEGE - Drawdown Comparison

The maximum BEDY drawdown since its inception was -6.25%, smaller than the maximum FEGE drawdown of -11.13%. Use the drawdown chart below to compare losses from any high point for BEDY and FEGE.

Drawdown Indicators

	BEDY	FEGE	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-11.13%	+4.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.96%	—
Current Drawdown Current decline from peak	0.00%	-3.50%	+3.50%
Average Drawdown Average peak-to-trough decline	-1.18%	-1.87%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.39%	—

Volatility

Volatility by Period

	BEDY	FEGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	12.76%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.87%	14.56%	-2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.87%	14.56%	-2.69%

BEDY vs. FEGE - Expense Ratio Comparison

Both BEDY and FEGE have an expense ratio of 0.50%.

Dividends

BEDY vs. FEGE - Dividend Comparison

BEDY's dividend yield for the trailing twelve months is around 3.92%, more than FEGE's 1.19% yield.

Position	TTM	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	3.92%	0.09%
FEGE First Eagle Global Equity ETF	1.19%	1.28%

Frequently Asked Questions

Can I hold both BEDY and FEGE in my portfolio?

BEDY and FEGE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEDY or FEGE?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEDY or FEGE?

BEDY and FEGE have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, BEDY or FEGE?

BEDY has the higher dividend yield at 3.92%, compared with 1.19% for FEGE.

What is the main difference between BEDY and FEGE?

They also come from different issuers: BNY Mellon and First Eagle.