FEGE vs. FDL

Last updated Jun 3, 2026

FEGE (First Eagle Global Equity ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both Large Cap Value Equities funds. FEGE is actively managed, while FDL is passively managed. Over the past year, FEGE returned 30.32% vs 24.43% for FDL. At a 0.49 correlation, their price movements are largely independent. FEGE charges 0.50%/yr vs 0.45%/yr for FDL.

Performance

FEGE vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Equity ETF (FEGE) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEGE achieves a 9.57% return, which is significantly lower than FDL's 13.62% return.

FEGE

• 1D: 0.14%
• 1M: 2.94%
• YTD: 9.57%
• 6M: 12.09%
• 1Y: 30.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDL

• 1D: 0.42%
• 1M: -0.81%
• YTD: 13.62%
• 6M: 16.42%
• 1Y: 24.43%
• 3Y*: 19.07%
• 5Y*: 12.64%
• 10Y*: 11.27%

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

FEGE vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEGE First Eagle Global Equity ETF	9.57%	34.19%	-1.12%
FDL First Trust Morningstar Dividend Leaders Index Fund	13.62%	14.79%	0.98%

Correlation

The correlation between FEGE and FDL is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	0.49

FEGE vs. FDL - Sectors Allocation Comparison

Sectors	FEGE	FDL
Consumer Defensive	14.7%	14.7%
Technology	14.1%	1.1%
Financial Services	12.0%	15.1%
Healthcare	11.8%	16.8%
Industrials	10.2%	3.8%
Energy	9.1%	27.3%
Communication Services	8.9%	10.6%
Basic Materials	8.8%	0.3%
Consumer Cyclical	6.5%	3.8%
Real Estate	4.0%	-
Utilities	-	6.5%

Return for Risk

FEGE vs. FDL — Risk / Return Rank

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

FEGE

FEGE Risk / Return Rank: 67
FEGE Sharpe Ratio Rank: 75
FEGE Sortino Ratio Rank: 73
FEGE Omega Ratio Rank: 71
FEGE Calmar Ratio Rank: 57
FEGE Martin Ratio Rank: 57

FDL

FDL Risk / Return Rank: 73
FDL Sharpe Ratio Rank: 65
FDL Sortino Ratio Rank: 73
FDL Omega Ratio Rank: 62
FDL Calmar Ratio Rank: 91
FDL Martin Ratio Rank: 73

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. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Equity ETF (FEGE) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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	FDL	Difference
Sharpe ratio Return per unit of total volatility	2.49	2.18	+0.31
Sortino ratio Return per unit of downside risk	3.33	3.35	-0.01
Omega ratio Gain probability vs. loss probability	1.43	1.38	+0.05
Calmar ratio Return relative to maximum drawdown	2.88	5.74	-2.86
Martin ratio Return relative to average drawdown	10.13	14.05	-3.91
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. FDL - Sharpe Ratio Comparison

The current FEGE Sharpe Ratio is 2.49, which is comparable to the FDL Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FEGE and FDL, 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	FDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.18	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.05	0.45	+1.60

Drawdowns

FEGE vs. FDL - Drawdown Comparison

The maximum FEGE drawdown since its inception was -11.13%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for FEGE and FDL.

Drawdown Indicators

	FEGE	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-11.13%	-65.93%	+54.80%
Max Drawdown (1Y) Largest decline over 1 year	-10.96%	-4.27%	-6.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.40%	—
Current Drawdown Current decline from peak	-2.02%	-1.92%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.71%	-9.66%	+7.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	1.75%	+1.36%

Volatility

FEGE vs. FDL - Volatility Comparison

First Eagle Global Equity ETF (FEGE) has a higher volatility of 3.39% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.95%. This indicates that FEGE's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEGE	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	2.95%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	7.87%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	11.27%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.62%	14.31%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.62%	17.11%	-2.49%

FEGE vs. FDL - Expense Ratio Comparison

FEGE has a 0.50% expense ratio, which is higher than FDL's 0.45% expense ratio.

Dividends

FEGE vs. FDL - Dividend Comparison

FEGE's dividend yield for the trailing twelve months is around 1.17%, less than FDL's 3.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDL First Trust Morningstar Dividend Leaders Index Fund	3.67%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%
FEGE First Eagle Global Equity ETF	1.17%	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 FDL in my portfolio?

FEGE and FDL have a correlation of 0.40, 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 FDL?

FEGE has higher volatility (3.39%) compared to FDL (2.95%). In terms of maximum drawdown, FEGE dropped -11.13% vs FDL's -65.93%.

Which ETF is better, FEGE or FDL?

On 1-year performance, FEGE leads with 30.32% vs 24.43% for FDL. On fees, FDL is cheaper at 0.45% per year. On volatility, FDL has been the lower-risk option at 2.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEGE or FDL?

Over the 1-year period, FEGE has performed better with a 30.32% return vs 24.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEGE or FDL?

FDL is cheaper with a 0.45% expense ratio, compared with 0.50% for FEGE.

Which ETF pays a higher dividend yield, FEGE or FDL?

FDL has the higher dividend yield at 3.67%, compared with 1.17% for FEGE.

What is the main difference between FEGE and FDL?

They also come from different issuers: First Eagle and First Trust. Their fees differ too: 0.50% for FEGE and 0.45% for FDL.

Which has better risk-adjusted returns?

FEGE currently has the higher Sharpe Ratio (2.49 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.