FEBAX vs. SLQD
FEBAX (First Eagle Global Income Builder Fund Class A) and SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) are both funds - FEBAX is a Global Allocation fund actively managed by First Eagle, while SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. FEBAX is actively managed, while SLQD is passively managed. Over the past 10 years, FEBAX returned 8.60%/yr vs 2.71%/yr for SLQD. At a 0.21 correlation, their price movements are largely independent. FEBAX charges 1.17%/yr vs 0.06%/yr for SLQD.
Performance
FEBAX vs. SLQD - Performance Comparison
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Returns By Period
In the year-to-date period, FEBAX achieves a 7.42% return, which is significantly higher than SLQD's 1.01% return. Over the past 10 years, FEBAX has outperformed SLQD with an annualized return of 8.60%, while SLQD has yielded a comparatively lower 2.71% annualized 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%
SLQD
- 1D
- -0.02%
- 1M
- 0.26%
- YTD
- 1.01%
- 6M
- 1.39%
- 1Y
- 4.39%
- 3Y*
- 5.51%
- 5Y*
- 2.53%
- 10Y*
- 2.71%
FEBAX vs. SLQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEBAX First Eagle Global Income Builder Fund Class A | 7.42% | 26.23% | 8.12% | 7.85% | -3.55% | 11.39% | 4.74% | 14.92% | -6.50% | 12.96% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 1.01% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
Correlation
The correlation between FEBAX and SLQD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.21 |
The correlation between FEBAX and SLQD shifts across timeframes, from 0.21 (all time) to 0.41 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FEBAX vs. SLQD — Risk / Return Rank
FEBAX
SLQD
FEBAX vs. SLQD - 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 iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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 | SLQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.61 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 4.15 | -1.94 |
| Martin ratioReturn relative to average drawdown | 7.10 | 18.78 | -11.68 |
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Drawdowns
FEBAX vs. SLQD - Drawdown Comparison
The maximum FEBAX drawdown since its inception was -23.04%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for FEBAX and SLQD.
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Drawdown Indicators
| FEBAX | SLQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.04% | -12.69% | -10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -1.06% | -7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -8.65% | -1.06% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -7.63% | -8.22% |
Max Drawdown (10Y)Largest decline over 10 years | -23.04% | -12.69% | -10.35% |
Current DrawdownCurrent decline from peak | -4.25% | -0.02% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -0.87% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.23% | +2.46% |
Volatility
FEBAX vs. SLQD - Volatility Comparison
First Eagle Global Income Builder Fund Class A (FEBAX) has a higher volatility of 2.72% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.53%. This indicates that FEBAX's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEBAX | SLQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 0.53% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 1.13% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.74% | 1.49% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.02% | 2.44% | +6.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 3.14% | +6.12% |
FEBAX vs. SLQD - Expense Ratio Comparison
FEBAX has a 1.17% expense ratio, which is higher than SLQD's 0.06% expense ratio.
Dividends
FEBAX vs. SLQD - Dividend Comparison
FEBAX's dividend yield for the trailing twelve months is around 3.87%, less than SLQD's 4.31% 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% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.31% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
FEBAX and SLQD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEBAX has higher volatility (2.72%) compared to SLQD (0.53%). In terms of maximum drawdown, FEBAX dropped -23.04% vs SLQD's -12.69%.
SLQD currently has the higher Sharpe Ratio (2.96 vs 2.18), 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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