FEGE vs. SGENX

Last updated Jun 24, 2026

FEGE (First Eagle Global Equity ETF) and SGENX (First Eagle Global Fund Class A) are both funds - FEGE is a Large Cap Value Equities fund actively managed by First Eagle, while SGENX is a Global Equities fund managed by First Eagle. Over the past year, FEGE returned 23.54% vs 21.98% for SGENX. Their correlation of 0.94 suggests significant overlap in exposure. FEGE charges 0.50%/yr vs 1.11%/yr for SGENX.

Performance

FEGE vs. SGENX - Performance Comparison

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

Returns By Period

In the year-to-date period, FEGE achieves a 5.24% return, which is significantly higher than SGENX's 4.80% return.

FEGE

• 1D: -0.82%
• 1M: -2.96%
• YTD: 5.24%
• 6M: 4.76%
• 1Y: 23.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGENX

• 1D: -0.72%
• 1M: -2.28%
• YTD: 4.80%
• 6M: 4.14%
• 1Y: 21.98%
• 3Y*: 17.40%
• 5Y*: 10.64%
• 10Y*: 10.11%

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

FEGE vs. SGENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEGE First Eagle Global Equity ETF	5.24%	34.19%	-1.43%
SGENX First Eagle Global Fund Class A	4.80%	31.62%	0.34%

Correlation

The correlation between FEGE and SGENX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024	0.94

The correlation between FEGE and SGENX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

FEGE vs. SGENX — Risk / Return Rank

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

FEGE

FEGE Risk / Return Rank: 52
FEGE Sharpe Ratio Rank: 60
FEGE Sortino Ratio Rank: 56
FEGE Omega Ratio Rank: 54
FEGE Calmar Ratio Rank: 46
FEGE Martin Ratio Rank: 46

SGENX

SGENX Risk / Return Rank: 42
SGENX Sharpe Ratio Rank: 50
SGENX Sortino Ratio Rank: 45
SGENX Omega Ratio Rank: 48
SGENX Calmar Ratio Rank: 36
SGENX Martin Ratio Rank: 34

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. SGENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Equity ETF (FEGE) and First Eagle Global Fund Class A (SGENX). 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	SGENX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.93	-0.07
Sortino ratio: Return per unit of downside risk	2.51	2.59	-0.08
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	2.16	2.14	+0.02
Martin ratio: Return relative to average drawdown	7.24	7.14	+0.10

FEGE vs. SGENX - Sharpe Ratio Comparison

The current FEGE Sharpe Ratio is 1.86, which is comparable to the SGENX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FEGE and SGENX, 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

FEGE vs. SGENX - Drawdown Comparison

The maximum FEGE drawdown since its inception was -11.13%, smaller than the maximum SGENX drawdown of -37.60%. Use the drawdown chart below to compare losses from any high point for FEGE and SGENX.

Drawdown Indicators

	FEGE	SGENX	Difference
Max Drawdown Largest peak-to-trough decline	-11.13%	-37.60%	+26.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.96%	-10.53%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.68%	—
Current Drawdown Current decline from peak	-5.89%	-5.64%	-0.25%
Average Drawdown Average peak-to-trough decline	-1.79%	-3.42%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	3.15%	+0.11%

Volatility

FEGE vs. SGENX - Volatility Comparison

First Eagle Global Equity ETF (FEGE) and First Eagle Global Fund Class A (SGENX) have volatilities of 3.95% and 3.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEGE	SGENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.88%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	9.76%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	11.70%	+1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	12.03%	+2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.69%	12.54%	+2.15%

FEGE vs. SGENX - Expense Ratio Comparison

FEGE has a 0.50% expense ratio, which is lower than SGENX's 1.11% expense ratio.

Dividends

FEGE vs. SGENX - Dividend Comparison

FEGE's dividend yield for the trailing twelve months is around 1.22%, less than SGENX's 9.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEGE First Eagle Global Equity ETF	1.22%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGENX First Eagle Global Fund Class A	9.02%	9.45%	5.46%	3.52%	4.17%	6.27%	2.38%	5.48%	6.35%	4.23%	4.72%	1.16%

Frequently Asked Questions

Can I hold both FEGE and SGENX in my portfolio?

With a correlation of 0.95, FEGE and SGENX 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, FEGE or SGENX?

FEGE has higher volatility (3.95%) compared to SGENX (3.88%). In terms of maximum drawdown, FEGE dropped -11.13% vs SGENX's -37.60%.

Which has better risk-adjusted returns?

SGENX currently has the higher Sharpe Ratio (1.93 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.