FEAMX vs. FESGX

Last updated Jun 23, 2026

FEAMX (First Eagle Fund of America) and FESGX (First Eagle Global Fund Class C) are both mutual funds - FEAMX is a Large Cap Blend Equities fund managed by First Eagle, while FESGX is a Global Allocation fund actively managed by First Eagle. Over the past 10 years, FEAMX returned 9.03%/yr vs 9.16%/yr for FESGX. A 0.73 correlation means they provide meaningful diversification when combined. FEAMX charges 1.65%/yr vs 1.86%/yr for FESGX.

Performance

FEAMX vs. FESGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Fund of America (FEAMX) and First Eagle Global Fund Class C (FESGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEAMX achieves a 6.71% return, which is significantly higher than FESGX's 5.19% return. Both investments have delivered pretty close results over the past 10 years, with FEAMX having a 9.03% annualized return and FESGX not far ahead at 9.16%.

FEAMX

• 1D: 0.00%
• 1M: -1.87%
• YTD: 6.71%
• 6M: 6.98%
• 1Y: 25.00%
• 3Y*: 18.91%
• 5Y*: 10.92%
• 10Y*: 9.03%

FESGX

• 1D: 0.12%
• 1M: -1.62%
• YTD: 5.19%
• 6M: 4.91%
• 1Y: 22.42%
• 3Y*: 16.06%
• 5Y*: 10.20%
• 10Y*: 9.16%

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

FEAMX vs. FESGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEAMX First Eagle Fund of America	6.71%	22.95%	21.26%	21.30%	-19.90%	19.13%	7.00%	27.41%	-24.23%	20.85%
FESGX First Eagle Global Fund Class C	5.19%	30.64%	10.94%	11.92%	-7.17%	11.35%	7.50%	19.26%	-9.13%	12.62%

Correlation

The correlation between FEAMX and FESGX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000	0.73

The correlation between FEAMX and FESGX shifts across timeframes, from 0.73 (all time) to 0.83 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FEAMX vs. FESGX — Risk / Return Rank

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

FEAMX

FEAMX Risk / Return Rank: 52
FEAMX Sharpe Ratio Rank: 57
FEAMX Sortino Ratio Rank: 52
FEAMX Omega Ratio Rank: 55
FEAMX Calmar Ratio Rank: 43
FEAMX Martin Ratio Rank: 49

FESGX

FESGX Risk / Return Rank: 40
FESGX Sharpe Ratio Rank: 47
FESGX Sortino Ratio Rank: 42
FESGX Omega Ratio Rank: 45
FESGX Calmar Ratio Rank: 33
FESGX Martin Ratio Rank: 32

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.

FEAMX vs. FESGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Fund of America (FEAMX) and First Eagle Global Fund Class C (FESGX). 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.

	FEAMX	FESGX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.86	+0.19
Sortino ratio: Return per unit of downside risk	2.80	2.50	+0.30
Omega ratio: Gain probability vs. loss probability	1.37	1.33	+0.04
Calmar ratio: Return relative to maximum drawdown	2.40	2.05	+0.35
Martin ratio: Return relative to average drawdown	9.57	6.82	+2.75

FEAMX vs. FESGX - Sharpe Ratio Comparison

The current FEAMX Sharpe Ratio is 2.06, which is comparable to the FESGX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of FEAMX and FESGX, 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

FEAMX vs. FESGX - Drawdown Comparison

The maximum FEAMX drawdown since its inception was -45.04%, which is greater than FESGX's maximum drawdown of -37.54%. Use the drawdown chart below to compare losses from any high point for FEAMX and FESGX.

Drawdown Indicators

	FEAMX	FESGX	Difference
Max Drawdown Largest peak-to-trough decline	-45.04%	-37.54%	-7.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-10.58%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	-12.58%	-10.58%	-2.00%
Max Drawdown (5Y) Largest decline over 5 years	-28.89%	-20.00%	-8.89%
Max Drawdown (10Y) Largest decline over 10 years	-40.30%	-27.77%	-12.53%
Current Drawdown Current decline from peak	-4.31%	-5.17%	+0.86%
Average Drawdown Average peak-to-trough decline	-7.92%	-4.53%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	3.18%	-0.66%

Volatility

FEAMX vs. FESGX - Volatility Comparison

First Eagle Fund of America (FEAMX) has a higher volatility of 4.34% compared to First Eagle Global Fund Class C (FESGX) at 3.89%. This indicates that FEAMX's price experiences larger fluctuations and is considered to be riskier than FESGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEAMX	FESGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	3.89%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	9.72%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.75%	11.66%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.72%	12.03%	+3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.44%	12.54%	+4.90%

FEAMX vs. FESGX - Expense Ratio Comparison

FEAMX has a 1.65% expense ratio, which is lower than FESGX's 1.86% expense ratio.

Dividends

FEAMX vs. FESGX - Dividend Comparison

FEAMX's dividend yield for the trailing twelve months is around 16.21%, more than FESGX's 8.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEAMX First Eagle Fund of America	16.21%	17.24%	15.02%	13.60%	4.42%	21.44%	26.22%	1.16%	35.09%	12.74%	7.87%	3.43%
FESGX First Eagle Global Fund Class C	8.72%	9.18%	4.84%	2.85%	4.25%	5.44%	1.61%	4.69%	5.71%	3.61%	4.48%	1.06%

Frequently Asked Questions

Can I hold both FEAMX and FESGX in my portfolio?

FEAMX and FESGX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEAMX or FESGX?

FEAMX has higher volatility (4.34%) compared to FESGX (3.89%). In terms of maximum drawdown, FEAMX dropped -45.04% vs FESGX's -37.54%.

Which has better risk-adjusted returns?

FEAMX currently has the higher Sharpe Ratio (2.06 vs 1.86), 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.