FEBIX vs. FESGX

Last updated Jun 23, 2026

FEBIX (First Eagle Global Income Builder Fund) and FESGX (First Eagle Global Fund Class C) are both Global Allocation funds from First Eagle. Over the past 10 years, FEBIX returned 9.19%/yr vs 9.16%/yr for FESGX. Their correlation of 0.92 suggests significant overlap in exposure. FEBIX charges 0.93%/yr vs 1.86%/yr for FESGX.

Performance

FEBIX vs. FESGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Income Builder Fund (FEBIX) 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, FEBIX achieves a 7.68% return, which is significantly higher than FESGX's 5.19% return. Both investments have delivered pretty close results over the past 10 years, with FEBIX having a 9.19% annualized return and FESGX not far behind at 9.16%.

FEBIX

• 1D: 0.18%
• 1M: -0.89%
• YTD: 7.68%
• 6M: 8.52%
• 1Y: 21.26%
• 3Y*: 15.78%
• 5Y*: 10.43%
• 10Y*: 9.19%

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)

FEBIX vs. FESGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEBIX First Eagle Global Income Builder Fund	7.68%	28.34%	9.57%	8.66%	-3.33%	11.92%	4.87%	15.13%	-6.16%	13.29%
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 FEBIX and FESGX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 1, 2012	0.92

The correlation between FEBIX and FESGX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FEBIX vs. FESGX — Risk / Return Rank

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

FEBIX

FEBIX Risk / Return Rank: 60
FEBIX Sharpe Ratio Rank: 77
FEBIX Sortino Ratio Rank: 71
FEBIX Omega Ratio Rank: 74
FEBIX Calmar Ratio Rank: 44
FEBIX Martin Ratio Rank: 36

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.

FEBIX vs. FESGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Income Builder Fund (FEBIX) 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.

	FEBIX	FESGX	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.86	+0.49
Sortino ratio: Return per unit of downside risk	3.19	2.50	+0.69
Omega ratio: Gain probability vs. loss probability	1.44	1.33	+0.11
Calmar ratio: Return relative to maximum drawdown	2.41	2.05	+0.35
Martin ratio: Return relative to average drawdown	7.60	6.82	+0.77

FEBIX vs. FESGX - Sharpe Ratio Comparison

The current FEBIX Sharpe Ratio is 2.35, which is comparable to the FESGX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of FEBIX 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

FEBIX vs. FESGX - Drawdown Comparison

The maximum FEBIX drawdown since its inception was -23.05%, smaller than the maximum FESGX drawdown of -37.54%. Use the drawdown chart below to compare losses from any high point for FEBIX and FESGX.

Drawdown Indicators

	FEBIX	FESGX	Difference
Max Drawdown Largest peak-to-trough decline	-23.05%	-37.54%	+14.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-10.58%	+1.95%
Max Drawdown (3Y) Largest decline over 3 years	-8.63%	-10.58%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-15.79%	-20.00%	+4.21%
Max Drawdown (10Y) Largest decline over 10 years	-23.05%	-27.77%	+4.72%
Current Drawdown Current decline from peak	-4.10%	-5.17%	+1.07%
Average Drawdown Average peak-to-trough decline	-2.87%	-4.53%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.18%	-0.45%

Volatility

FEBIX vs. FESGX - Volatility Comparison

The current volatility for First Eagle Global Income Builder Fund (FEBIX) is 2.73%, while First Eagle Global Fund Class C (FESGX) has a volatility of 3.89%. This indicates that FEBIX experiences smaller price fluctuations and is considered to be less risky than FESGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEBIX	FESGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	3.89%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	9.72%	-2.15%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	11.66%	-2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.02%	12.03%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.27%	12.54%	-3.27%

FEBIX vs. FESGX - Expense Ratio Comparison

FEBIX has a 0.93% expense ratio, which is lower than FESGX's 1.86% expense ratio.

Dividends

FEBIX vs. FESGX - Dividend Comparison

FEBIX's dividend yield for the trailing twelve months is around 4.73%, less than FESGX's 8.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEBIX First Eagle Global Income Builder Fund	4.73%	5.72%	6.72%	3.52%	3.28%	8.31%	3.21%	2.72%	2.70%	2.77%	3.38%	3.65%
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 FEBIX and FESGX in my portfolio?

With a correlation of 0.91, FEBIX and FESGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FEBIX or FESGX?

FESGX has higher volatility (3.89%) compared to FEBIX (2.73%). In terms of maximum drawdown, FEBIX dropped -23.05% vs FESGX's -37.54%.

Which has better risk-adjusted returns?

FEBIX currently has the higher Sharpe Ratio (2.35 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.