FEGE vs. KWIN

Last updated Jul 14, 2026

FEGE (First Eagle Global Equity ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds. FEGE is actively managed, while KWIN is passively managed. At a 0.11 correlation, their price movements are largely independent. FEGE charges 0.50%/yr vs 0.51%/yr for KWIN.

Performance

FEGE vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Global Equity ETF (FEGE) and KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEGE achieves a 7.91% return, which is significantly higher than KWIN's 1.59% return.

FEGE

• 1D: -0.14%
• 1M: -0.13%
• 6M: 2.84%
• YTD: 7.91%
• 1Y: 23.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KWIN

• 1D: 0.06%
• 1M: 0.13%
• 6M: 1.08%
• YTD: 1.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEGE vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
FEGE First Eagle Global Equity ETF	7.91%	6.16%
KWIN KraneShares Wahed Alternative Income Index ETF	1.59%	0.61%

Correlation

The correlation between FEGE and KWIN is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.11

Return for Risk

FEGE vs. KWIN — Risk / Return Rank

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

FEGE

FEGE Risk / Return Rank: 64
FEGE Sharpe Ratio Rank: 75
FEGE Sortino Ratio Rank: 70
FEGE Omega Ratio Rank: 69
FEGE Calmar Ratio Rank: 55
FEGE Martin Ratio Rank: 52

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Equity ETF (FEGE) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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.

	FEGE	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.55	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.20	—	—
Martin ratio: Return relative to average drawdown	7.10	—	—

Drawdowns

FEGE vs. KWIN - Drawdown Comparison

The maximum FEGE drawdown since its inception was -11.13%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for FEGE and KWIN.

Drawdown Indicators

	FEGE	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-11.13%	-1.50%	-9.63%
Max Drawdown (1Y) Largest decline over 1 year	-10.96%	—	—
Current Drawdown Current decline from peak	-3.50%	-1.44%	-2.06%
Average Drawdown Average peak-to-trough decline	-1.87%	-0.25%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	—	—

Volatility

Volatility by Period

	FEGE	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.76%	4.16%	+8.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	4.16%	+10.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.56%	4.16%	+10.40%

FEGE vs. KWIN - Expense Ratio Comparison

FEGE has a 0.50% expense ratio, which is lower than KWIN's 0.51% expense ratio.

Dividends

FEGE vs. KWIN - Dividend Comparison

FEGE's dividend yield for the trailing twelve months is around 1.19%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025
FEGE First Eagle Global Equity ETF	1.19%	1.28%
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEGE and KWIN in my portfolio?

FEGE and KWIN have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEGE or KWIN?

On fees, FEGE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEGE or KWIN?

FEGE is cheaper with a 0.50% expense ratio, compared with 0.51% for KWIN.

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

FEGE has the higher dividend yield at 1.19%, compared with 0.00% for KWIN.

What is the main difference between FEGE and KWIN?

They also come from different issuers: First Eagle and KraneShares. Their fees differ too: 0.50% for FEGE and 0.51% for KWIN.