FEBAX vs. FEAMX
FEBAX (First Eagle Global Income Builder Fund Class A) and FEAMX (First Eagle Fund of America) are both mutual funds - FEBAX is a Global Allocation fund actively managed by First Eagle, while FEAMX is a Large Cap Blend Equities fund managed by First Eagle. Over the past 10 years, FEBAX returned 8.71%/yr vs 9.21%/yr for FEAMX. A 0.71 correlation means they provide meaningful diversification when combined. FEBAX charges 1.17%/yr vs 1.65%/yr for FEAMX.
Performance
FEBAX vs. FEAMX - Performance Comparison
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Returns By Period
In the year-to-date period, FEBAX achieves a 7.04% return, which is significantly higher than FEAMX's 4.88% return. Over the past 10 years, FEBAX has underperformed FEAMX with an annualized return of 8.71%, while FEAMX has yielded a comparatively higher 9.21% annualized return.
FEBAX
- 1D
- -0.48%
- 1M
- -1.43%
- YTD
- 7.04%
- 6M
- 6.99%
- 1Y
- 19.31%
- 3Y*
- 14.84%
- 5Y*
- 9.18%
- 10Y*
- 8.71%
FEAMX
- 1D
- -1.71%
- 1M
- -3.54%
- YTD
- 4.88%
- 6M
- 5.01%
- 1Y
- 22.21%
- 3Y*
- 18.83%
- 5Y*
- 10.21%
- 10Y*
- 9.21%
FEBAX vs. FEAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEBAX First Eagle Global Income Builder Fund Class A | 7.04% | 26.23% | 8.12% | 7.85% | -3.55% | 11.39% | 4.74% | 14.92% | -6.50% | 12.96% |
FEAMX First Eagle Fund of America | 4.88% | 22.95% | 21.26% | 21.30% | -19.90% | 19.13% | 7.00% | 27.41% | -24.23% | 20.85% |
Correlation
The correlation between FEBAX and FEAMX 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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 1, 2012 | 0.71 |
The correlation between FEBAX and FEAMX has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
FEBAX vs. FEAMX — Risk / Return Rank
FEBAX
FEAMX
FEBAX vs. FEAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Income Builder Fund Class A (FEBAX) and First Eagle Fund of America (FEAMX). 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.
| FEBAX | FEAMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.28 | -0.01 |
| Martin ratioReturn relative to average drawdown | 7.14 | 8.99 | -1.84 |
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Drawdowns
FEBAX vs. FEAMX - Drawdown Comparison
The maximum FEBAX drawdown since its inception was -23.04%, smaller than the maximum FEAMX drawdown of -45.04%. Use the drawdown chart below to compare losses from any high point for FEBAX and FEAMX.
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Drawdown Indicators
| FEBAX | FEAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.04% | -45.04% | +22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -10.07% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -8.65% | -12.58% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -28.89% | +13.04% |
Max Drawdown (10Y)Largest decline over 10 years | -23.04% | -40.30% | +17.26% |
Current DrawdownCurrent decline from peak | -4.59% | -5.94% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -7.92% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 2.55% | +0.19% |
Volatility
FEBAX vs. FEAMX - Volatility Comparison
The current volatility for First Eagle Global Income Builder Fund Class A (FEBAX) is 2.78%, while First Eagle Fund of America (FEAMX) has a volatility of 4.62%. This indicates that FEBAX experiences smaller price fluctuations and is considered to be less risky than FEAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEBAX | FEAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 4.62% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 9.41% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 11.88% | -3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.01% | 15.74% | -6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 17.45% | -8.19% |
FEBAX vs. FEAMX - Expense Ratio Comparison
FEBAX has a 1.17% expense ratio, which is lower than FEAMX's 1.65% expense ratio.
Dividends
FEBAX vs. FEAMX - Dividend Comparison
FEBAX's dividend yield for the trailing twelve months is around 3.89%, less than FEAMX's 16.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEAMX First Eagle Fund of America | 16.49% | 17.24% | 15.02% | 13.60% | 4.42% | 21.44% | 26.22% | 1.16% | 35.09% | 12.74% | 7.87% | 3.43% |
FEBAX First Eagle Global Income Builder Fund Class A | 3.89% | 4.14% | 5.39% | 2.80% | 3.03% | 7.61% | 3.07% | 2.49% | 2.40% | 2.51% | 3.13% | 3.38% |
Frequently Asked Questions
FEBAX and FEAMX 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.
FEAMX has higher volatility (4.62%) compared to FEBAX (2.78%). In terms of maximum drawdown, FEBAX dropped -23.04% vs FEAMX's -45.04%.
FEBAX currently has the higher Sharpe Ratio (2.23 vs 1.94), 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.
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