FEAMX vs. GTLOX

Last updated Aug 4, 2026

FEAMX (First Eagle Fund of America) and GTLOX (Glenmede Quantitative U.S. Large Cap Core Equity Portfolio) are both Large Cap Blend Equities funds. Over the past 10 years, FEAMX returned 9.02%/yr vs 12.23%/yr for GTLOX. Their correlation of 0.89 means they have usually moved in the same direction. FEAMX charges 1.65%/yr vs 0.85%/yr for GTLOX.

Performance

FEAMX vs. GTLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Fund of America (FEAMX) and Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEAMX achieves a 9.40% return, which is significantly lower than GTLOX's 21.11% return. Over the past 10 years, FEAMX has underperformed GTLOX with an annualized return of 9.02%, while GTLOX has yielded a comparatively higher 12.23% annualized return.

FEAMX

• 1D: 1.20%
• 1M: 1.97%
• 6M: 3.08%
• YTD: 9.40%
• 1Y: 24.04%
• 3Y*: 17.94%
• 5Y*: 10.16%
• 10Y*: 9.02%
• ALL TIME*: 7.59%

GTLOX

• 1D: 0.25%
• 1M: 0.51%
• 6M: 15.82%
• YTD: 21.11%
• 1Y: 38.54%
• 3Y*: 17.60%
• 5Y*: 10.63%
• 10Y*: 12.23%
• ALL TIME*: 10.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEAMX First Eagle Fund of America	$0.00	$0.00	$0.00
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	$0.00	$0.00	$0.00

FEAMX vs. GTLOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEAMX First Eagle Fund of America	9.40%	22.95%	21.26%	21.30%	-19.90%	19.13%	7.00%	27.41%	-24.23%	20.85%
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	21.11%	14.39%	13.86%	16.66%	-15.37%	27.05%	7.41%	23.27%	-7.97%	24.78%

Correlation

The correlation between FEAMX and GTLOX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	0.89

Over the past year, the correlation between FEAMX and GTLOX has dropped to 0.62 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

FEAMX vs. GTLOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEAMX

FEAMX Risk / Return Rank: 66
FEAMX Sharpe Ratio Rank: 74
FEAMX Sortino Ratio Rank: 70
FEAMX Omega Ratio Rank: 71
FEAMX Calmar Ratio Rank: 62
FEAMX Martin Ratio Rank: 52

GTLOX

GTLOX Risk / Return Rank: 93
GTLOX Sharpe Ratio Rank: 94
GTLOX Sortino Ratio Rank: 90
GTLOX Omega Ratio Rank: 86
GTLOX Calmar Ratio Rank: 97
GTLOX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEAMX vs. GTLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Fund of America (FEAMX) and Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX). 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	GTLOX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.50	-0.70
Sortino ratio: Return per unit of downside risk	2.48	3.39	-0.91
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	2.24	4.97	-2.73
Martin ratio: Return relative to average drawdown	7.67	20.11	-12.44

FEAMX vs. GTLOX - Sharpe Ratio Comparison

The current FEAMX Sharpe Ratio is 1.81, which is comparable to the GTLOX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FEAMX and GTLOX, 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. GTLOX - Drawdown Comparison

The maximum FEAMX drawdown since its inception was -45.04%, smaller than the maximum GTLOX drawdown of -54.09%. Use the drawdown chart below to compare losses from any high point for FEAMX and GTLOX.

Drawdown Indicators

	FEAMX	GTLOX	Difference
Max Drawdown Largest peak-to-trough decline	-45.04%	-54.09%	+9.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-7.47%	-2.60%
Max Drawdown (3Y) Largest decline over 3 years	-12.58%	-32.85%	+20.27%
Max Drawdown (5Y) Largest decline over 5 years	-28.89%	-32.85%	+3.96%
Max Drawdown (10Y) Largest decline over 10 years	-40.30%	-38.15%	-2.15%
Current Drawdown Current decline from peak	-1.89%	-1.42%	-0.47%
Average Drawdown Average peak-to-trough decline	-7.91%	-8.28%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.86%	+1.07%

Volatility

FEAMX vs. GTLOX - Volatility Comparison

First Eagle Fund of America (FEAMX) has a higher volatility of 4.82% compared to Glenmede Quantitative U.S. Large Cap Core Equity Portfolio (GTLOX) at 3.22%. This indicates that FEAMX's price experiences larger fluctuations and is considered to be riskier than GTLOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEAMX	GTLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	3.22%	+1.60%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	11.66%	-1.71%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	14.87%	-2.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	21.97%	-6.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.36%	20.92%	-3.56%

FEAMX vs. GTLOX - Expense Ratio Comparison

FEAMX has a 1.65% expense ratio, which is higher than GTLOX's 0.85% expense ratio.

Dividends

FEAMX vs. GTLOX - Dividend Comparison

FEAMX's dividend yield for the trailing twelve months is around 16.00%, more than GTLOX's 14.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEAMX First Eagle Fund of America	16.00%	17.24%	15.02%	13.60%	4.42%	21.44%	26.22%	1.16%	35.09%	12.74%	7.87%	3.43%
GTLOX Glenmede Quantitative U.S. Large Cap Core Equity Portfolio	14.72%	17.84%	25.96%	8.32%	23.58%	13.35%	9.06%	5.35%	10.53%	4.99%	1.08%	2.09%

Frequently Asked Questions

Can I hold both FEAMX and GTLOX in my portfolio?

FEAMX and GTLOX have a correlation of 0.62, 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 GTLOX?

FEAMX has higher volatility (4.82%) compared to GTLOX (3.22%). In terms of maximum drawdown, FEAMX dropped -45.04% vs GTLOX's -54.09%.

Which has better risk-adjusted returns?

GTLOX currently has the higher Sharpe Ratio (2.50 vs 1.81), 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.