FEBAX vs. PRCHX

Last updated Jun 13, 2026

FEBAX (First Eagle Global Income Builder Fund Class A) and PRCHX (T. Rowe Price Capital Appreciation and Income Fund Class I) are both mutual funds - FEBAX is a Global Allocation fund actively managed by First Eagle, while PRCHX is a Diversified Portfolio fund actively managed by T. Rowe Price. Both are actively managed. Over the past year, FEBAX returned 18.28% vs 11.41% for PRCHX. A 0.59 correlation means they provide meaningful diversification when combined. FEBAX charges 1.17%/yr vs 0.49%/yr for PRCHX.

Performance

FEBAX vs. PRCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Income Builder Fund Class A (FEBAX) and T. Rowe Price Capital Appreciation and Income Fund Class I (PRCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEBAX achieves a 7.42% return, which is significantly higher than PRCHX's 2.61% return.

FEBAX

• 1D: 1.33%
• 1M: -1.37%
• YTD: 7.42%
• 6M: 8.12%
• 1Y: 18.28%
• 3Y*: 14.85%
• 5Y*: 8.85%
• 10Y*: 8.60%

PRCHX

• 1D: 0.68%
• 1M: -0.41%
• YTD: 2.61%
• 6M: 3.48%
• 1Y: 11.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEBAX vs. PRCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FEBAX First Eagle Global Income Builder Fund Class A	7.42%	26.23%	8.12%	3.40%
PRCHX T. Rowe Price Capital Appreciation and Income Fund Class I	2.61%	13.68%	8.92%	3.12%

Correlation

The correlation between FEBAX and PRCHX is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.59

The correlation between FEBAX and PRCHX has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.

Return for Risk

FEBAX vs. PRCHX — Risk / Return Rank

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

FEBAX

FEBAX Risk / Return Rank: 60
FEBAX Sharpe Ratio Rank: 76
FEBAX Sortino Ratio Rank: 72
FEBAX Omega Ratio Rank: 75
FEBAX Calmar Ratio Rank: 43
FEBAX Martin Ratio Rank: 36

PRCHX

PRCHX Risk / Return Rank: 75
PRCHX Sharpe Ratio Rank: 76
PRCHX Sortino Ratio Rank: 76
PRCHX Omega Ratio Rank: 75
PRCHX Calmar Ratio Rank: 64
PRCHX Martin Ratio Rank: 83

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.

FEBAX vs. PRCHX - 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 T. Rowe Price Capital Appreciation and Income Fund Class I (PRCHX). 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	PRCHX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.16	+0.02
Sortino ratio: Return per unit of downside risk	2.98	3.07	-0.08
Omega ratio: Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	2.21	2.63	-0.42
Martin ratio: Return relative to average drawdown	7.10	12.99	-5.90

FEBAX vs. PRCHX - Sharpe Ratio Comparison

The current FEBAX Sharpe Ratio is 2.18, which is comparable to the PRCHX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FEBAX and PRCHX, 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

FEBAX vs. PRCHX - Drawdown Comparison

The maximum FEBAX drawdown since its inception was -23.04%, which is greater than PRCHX's maximum drawdown of -6.10%. Use the drawdown chart below to compare losses from any high point for FEBAX and PRCHX.

Drawdown Indicators

	FEBAX	PRCHX	Difference
Max Drawdown Largest peak-to-trough decline	-23.04%	-6.10%	-16.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-4.50%	-4.15%
Max Drawdown (3Y) Largest decline over 3 years	-8.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.04%	—	—
Current Drawdown Current decline from peak	-4.25%	-1.37%	-2.88%
Average Drawdown Average peak-to-trough decline	-2.95%	-0.65%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	0.91%	+1.78%

Volatility

FEBAX vs. PRCHX - Volatility Comparison

First Eagle Global Income Builder Fund Class A (FEBAX) has a higher volatility of 2.72% compared to T. Rowe Price Capital Appreciation and Income Fund Class I (PRCHX) at 2.18%. This indicates that FEBAX's price experiences larger fluctuations and is considered to be riskier than PRCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEBAX	PRCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	2.18%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	7.51%	4.44%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	8.74%	5.46%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.02%	6.56%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.26%	6.56%	+2.70%

FEBAX vs. PRCHX - Expense Ratio Comparison

FEBAX has a 1.17% expense ratio, which is higher than PRCHX's 0.49% expense ratio.

Dividends

FEBAX vs. PRCHX - Dividend Comparison

FEBAX's dividend yield for the trailing twelve months is around 3.87%, less than PRCHX's 5.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEBAX First Eagle Global Income Builder Fund Class A	3.87%	4.14%	5.39%	2.80%	3.03%	7.61%	3.07%	2.49%	2.40%	2.51%	3.13%	3.38%
PRCHX T. Rowe Price Capital Appreciation and Income Fund Class I	5.20%	5.08%	3.22%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEBAX and PRCHX in my portfolio?

FEBAX and PRCHX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEBAX or PRCHX?

FEBAX has higher volatility (2.72%) compared to PRCHX (2.18%). In terms of maximum drawdown, FEBAX dropped -23.04% vs PRCHX's -6.10%.

Which has better risk-adjusted returns?

FEBAX currently has the higher Sharpe Ratio (2.18 vs 2.16), 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.