FEGE vs. ANWPX

Last updated Jun 4, 2026

FEGE (First Eagle Global Equity ETF) and ANWPX (American Funds New Perspective Fund Class A) are both funds - FEGE is a Large Cap Value Equities fund actively managed by First Eagle, while ANWPX is a Large Cap Growth Equities fund managed by American Funds. Over the past year, FEGE returned 28.67% vs 20.52% for ANWPX. A 0.77 correlation means they provide meaningful diversification when combined. FEGE charges 0.50%/yr vs 0.72%/yr for ANWPX.

Performance

FEGE vs. ANWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Equity ETF (FEGE) and American Funds New Perspective Fund Class A (ANWPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEGE achieves a 8.48% return, which is significantly higher than ANWPX's 7.38% return.

FEGE

• 1D: -0.99%
• 1M: 2.80%
• YTD: 8.48%
• 6M: 10.24%
• 1Y: 28.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ANWPX

• 1D: 0.11%
• 1M: 5.20%
• YTD: 7.38%
• 6M: 8.44%
• 1Y: 20.52%
• 3Y*: 18.63%
• 5Y*: 8.96%
• 10Y*: 13.48%

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

FEGE vs. ANWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEGE First Eagle Global Equity ETF	8.48%	34.19%	-1.12%
ANWPX American Funds New Perspective Fund Class A	7.38%	21.33%	-0.50%

Correlation

The correlation between FEGE and ANWPX is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	0.77

The correlation between FEGE and ANWPX has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

FEGE vs. ANWPX — Risk / Return Rank

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

FEGE

FEGE Risk / Return Rank: 62
FEGE Sharpe Ratio Rank: 71
FEGE Sortino Ratio Rank: 68
FEGE Omega Ratio Rank: 67
FEGE Calmar Ratio Rank: 53
FEGE Martin Ratio Rank: 53

ANWPX

ANWPX Risk / Return Rank: 29
ANWPX Sharpe Ratio Rank: 29
ANWPX Sortino Ratio Rank: 29
ANWPX Omega Ratio Rank: 29
ANWPX Calmar Ratio Rank: 23
ANWPX Martin Ratio Rank: 33

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.

FEGE vs. ANWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Equity ETF (FEGE) and American Funds New Perspective Fund Class A (ANWPX). 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.

	FEGE	ANWPX	Difference
Sharpe ratio Return per unit of total volatility	2.35	1.54	+0.80
Sortino ratio Return per unit of downside risk	3.15	2.22	+0.94
Omega ratio Gain probability vs. loss probability	1.40	1.28	+0.12
Calmar ratio Return relative to maximum drawdown	2.63	1.80	+0.83
Martin ratio Return relative to average drawdown	9.22	7.57	+1.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEGE vs. ANWPX - Sharpe Ratio Comparison

The current FEGE Sharpe Ratio is 2.35, which is higher than the ANWPX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of FEGE and ANWPX, 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

	FEGE	ANWPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	1.54	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	0.67	+1.31

Drawdowns

FEGE vs. ANWPX - Drawdown Comparison

The maximum FEGE drawdown since its inception was -11.13%, smaller than the maximum ANWPX drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for FEGE and ANWPX.

Drawdown Indicators

	FEGE	ANWPX	Difference
Max Drawdown Largest peak-to-trough decline	-11.13%	-52.34%	+41.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.96%	-11.48%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.45%	—
Current Drawdown Current decline from peak	-2.99%	0.00%	-2.99%
Average Drawdown Average peak-to-trough decline	-1.71%	-8.11%	+6.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.72%	+0.40%

Volatility

FEGE vs. ANWPX - Volatility Comparison

The current volatility for First Eagle Global Equity ETF (FEGE) is 3.43%, while American Funds New Perspective Fund Class A (ANWPX) has a volatility of 3.92%. This indicates that FEGE experiences smaller price fluctuations and is considered to be less risky than ANWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEGE	ANWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	3.92%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	10.79%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.28%	13.39%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	17.21%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.63%	17.83%	-3.20%

FEGE vs. ANWPX - Expense Ratio Comparison

FEGE has a 0.50% expense ratio, which is lower than ANWPX's 0.72% expense ratio.

Dividends

FEGE vs. ANWPX - Dividend Comparison

FEGE's dividend yield for the trailing twelve months is around 1.18%, less than ANWPX's 6.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANWPX American Funds New Perspective Fund Class A	6.12%	6.57%	5.13%	5.36%	4.16%	7.01%	4.13%	3.67%	7.59%	5.50%	3.86%	6.14%
FEGE First Eagle Global Equity ETF	1.18%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEGE and ANWPX in my portfolio?

FEGE and ANWPX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEGE or ANWPX?

ANWPX has higher volatility (3.92%) compared to FEGE (3.43%). In terms of maximum drawdown, FEGE dropped -11.13% vs ANWPX's -52.34%.

Which has better risk-adjusted returns?

FEGE currently has the higher Sharpe Ratio (2.35 vs 1.54), 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.