FEBIX vs. SGGDX

Last updated Jun 5, 2026

FEBIX (First Eagle Global Income Builder Fund) and SGGDX (First Eagle Gold Fund) are both mutual funds - FEBIX is a Global Allocation fund managed by First Eagle, while SGGDX is a Precious Metals fund managed by First Eagle. Over the past 10 years, FEBIX returned 9.20%/yr vs 13.57%/yr for SGGDX. At a 0.44 correlation, their price movements are largely independent. FEBIX charges 0.93%/yr vs 1.19%/yr for SGGDX.

Performance

FEBIX vs. SGGDX - 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 Gold Fund (SGGDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEBIX achieves a 8.65% return, which is significantly higher than SGGDX's 1.56% return. Over the past 10 years, FEBIX has underperformed SGGDX with an annualized return of 9.20%, while SGGDX has yielded a comparatively higher 13.57% annualized return.

FEBIX

• 1D: -0.65%
• 1M: 0.96%
• YTD: 8.65%
• 6M: 10.76%
• 1Y: 22.01%
• 3Y*: 16.68%
• 5Y*: 10.11%
• 10Y*: 9.20%

SGGDX

• 1D: -2.34%
• 1M: -1.49%
• YTD: 1.56%
• 6M: 8.73%
• 1Y: 54.02%
• 3Y*: 36.72%
• 5Y*: 18.95%
• 10Y*: 13.57%

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

FEBIX vs. SGGDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEBIX First Eagle Global Income Builder Fund	8.65%	28.34%	9.57%	8.66%	-3.33%	11.92%	4.87%	15.13%	-6.16%	13.29%
SGGDX First Eagle Gold Fund	1.56%	128.39%	10.32%	7.01%	-1.56%	-7.78%	29.63%	38.51%	-15.90%	8.12%

Correlation

The correlation between FEBIX and SGGDX 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	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since May 2, 2012	0.44

Over the past year, FEBIX and SGGDX have become more correlated (0.68) than their long-term average of 0.44, meaning their price movements have been converging.

Return for Risk

FEBIX vs. SGGDX — Risk / Return Rank

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

FEBIX

FEBIX Risk / Return Rank: 63
FEBIX Sharpe Ratio Rank: 80
FEBIX Sortino Ratio Rank: 73
FEBIX Omega Ratio Rank: 76
FEBIX Calmar Ratio Rank: 47
FEBIX Martin Ratio Rank: 40

SGGDX

SGGDX Risk / Return Rank: 24
SGGDX Sharpe Ratio Rank: 25
SGGDX Sortino Ratio Rank: 18
SGGDX Omega Ratio Rank: 25
SGGDX Calmar Ratio Rank: 31
SGGDX Martin Ratio Rank: 21

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. SGGDX - 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 Gold Fund (SGGDX). 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.

	FEBIX	SGGDX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	1.44	+1.19
Sortino ratio: Return per unit of downside risk	3.58	1.81	+1.77
Omega ratio: Gain probability vs. loss probability	1.50	1.26	+0.24
Calmar ratio: Return relative to maximum drawdown	2.59	2.07	+0.52
Martin ratio: Return relative to average drawdown	8.62	5.33	+3.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEBIX vs. SGGDX - Sharpe Ratio Comparison

The current FEBIX Sharpe Ratio is 2.63, which is higher than the SGGDX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of FEBIX and SGGDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEBIX	SGGDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	1.44	+1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	0.66	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	0.50	+0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.29	+0.64

Drawdowns

FEBIX vs. SGGDX - Drawdown Comparison

The maximum FEBIX drawdown since its inception was -23.05%, smaller than the maximum SGGDX drawdown of -70.69%. Use the drawdown chart below to compare losses from any high point for FEBIX and SGGDX.

Drawdown Indicators

	FEBIX	SGGDX	Difference
Max Drawdown Largest peak-to-trough decline	-23.05%	-70.69%	+47.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-26.67%	+18.04%
Max Drawdown (3Y) Largest decline over 3 years	-8.63%	-26.67%	+18.04%
Max Drawdown (5Y) Largest decline over 5 years	-15.79%	-34.02%	+18.23%
Max Drawdown (10Y) Largest decline over 10 years	-23.05%	-42.16%	+19.11%
Current Drawdown Current decline from peak	-3.24%	-23.51%	+20.27%
Average Drawdown Average peak-to-trough decline	-2.86%	-29.43%	+26.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	10.33%	-7.74%

Volatility

FEBIX vs. SGGDX - Volatility Comparison

The current volatility for First Eagle Global Income Builder Fund (FEBIX) is 2.34%, while First Eagle Gold Fund (SGGDX) has a volatility of 11.81%. This indicates that FEBIX experiences smaller price fluctuations and is considered to be less risky than SGGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEBIX	SGGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.34%	11.81%	-9.47%
Volatility (6M) Calculated over the trailing 6-month period	7.23%	32.37%	-25.14%
Volatility (1Y) Calculated over the trailing 1-year period	8.50%	38.27%	-29.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.99%	28.76%	-19.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.26%	27.17%	-17.91%

FEBIX vs. SGGDX - Expense Ratio Comparison

FEBIX has a 0.93% expense ratio, which is lower than SGGDX's 1.19% expense ratio.

Dividends

FEBIX vs. SGGDX - Dividend Comparison

FEBIX's dividend yield for the trailing twelve months is around 4.69%, more than SGGDX's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEBIX First Eagle Global Income Builder Fund	4.69%	5.72%	6.72%	3.52%	3.28%	8.31%	3.21%	2.72%	2.70%	2.77%	3.38%	3.65%
SGGDX First Eagle Gold Fund	1.06%	1.08%	5.26%	0.87%	0.00%	0.96%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEBIX and SGGDX in my portfolio?

FEBIX and SGGDX 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.

Which is riskier, FEBIX or SGGDX?

SGGDX has higher volatility (11.81%) compared to FEBIX (2.34%). In terms of maximum drawdown, FEBIX dropped -23.05% vs SGGDX's -70.69%.

Which has better risk-adjusted returns?

FEBIX currently has the higher Sharpe Ratio (2.63 vs 1.44), 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.