FEGIX vs. FDUAX

Last updated Apr 1, 2026

Compare and contrast key facts about First Eagle Gold Fund Class I (FEGIX) and First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX).

FEGIX is managed by First Eagle. It was launched on Aug 31, 1993. FDUAX is an actively managed fund by First Eagle. It was launched on Feb 2, 2024.

Performance

FEGIX vs. FDUAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Gold Fund Class I (FEGIX) and First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX). The values are adjusted to include any dividend payments, if applicable.

FEGIX vs. FDUAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEGIX First Eagle Gold Fund Class I	2.63%	128.89%	21.26%
FDUAX First Eagle Short Duration High Yield Municipal Fund Class A	-0.44%	1.20%	6.66%

Returns By Period

In the year-to-date period, FEGIX achieves a 2.63% return, which is significantly higher than FDUAX's -0.44% return.

FEGIX

• 1D: -0.12%
• 1M: -22.39%
• YTD: 2.63%
• 6M: 19.07%
• 1Y: 78.51%
• 3Y*: 35.94%
• 5Y*: 22.88%
• 10Y*: 15.86%

FDUAX

• 1D: 0.10%
• 1M: -1.61%
• YTD: -0.44%
• 6M: -0.53%
• 1Y: -0.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEGIX vs. FDUAX - Expense Ratio Comparison

FEGIX has a 0.96% expense ratio, which is higher than FDUAX's 0.87% expense ratio.

FEGIX

First Eagle Gold Fund Class I

FDUAX

First Eagle Short Duration High Yield Municipal Fund Class A

Return for Risk

FEGIX vs. FDUAX — Risk / Return Rank

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

FEGIX

FEGIX Risk / Return Rank: 90
FEGIX Sharpe Ratio Rank: 93
FEGIX Sortino Ratio Rank: 87
FEGIX Omega Ratio Rank: 86
FEGIX Calmar Ratio Rank: 94
FEGIX Martin Ratio Rank: 92

FDUAX

FDUAX Risk / Return Rank: 4
FDUAX Sharpe Ratio Rank: 4
FDUAX Sortino Ratio Rank: 3
FDUAX Omega Ratio Rank: 3
FDUAX Calmar Ratio Rank: 6
FDUAX Martin Ratio Rank: 6

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.

FEGIX vs. FDUAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund Class I (FEGIX) and First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX). 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.

	FEGIX	FDUAX	Difference
Sharpe ratio Return per unit of total volatility	2.07	-0.10	+2.18
Sortino ratio Return per unit of downside risk	2.33	-0.11	+2.44
Omega ratio Gain probability vs. loss probability	1.36	0.98	+0.38
Calmar ratio Return relative to maximum drawdown	2.97	0.03	+2.94
Martin ratio Return relative to average drawdown	11.00	0.08	+10.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEGIX vs. FDUAX - Sharpe Ratio Comparison

The current FEGIX Sharpe Ratio is 2.07, which is higher than the FDUAX Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of FEGIX and FDUAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEGIX	FDUAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	-0.10	+2.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.02	-0.68

Correlation

The correlation between FEGIX and FDUAX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FEGIX vs. FDUAX - Dividend Comparison

FEGIX's dividend yield for the trailing twelve months is around 1.16%, less than FDUAX's 4.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
FEGIX First Eagle Gold Fund Class I	1.16%	1.19%	5.31%	1.08%	0.00%	1.19%	1.48%	0.09%
FDUAX First Eagle Short Duration High Yield Municipal Fund Class A	4.65%	4.83%	3.84%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FEGIX vs. FDUAX - Drawdown Comparison

The maximum FEGIX drawdown since its inception was -70.38%, which is greater than FDUAX's maximum drawdown of -3.96%. Use the drawdown chart below to compare losses from any high point for FEGIX and FDUAX.

Drawdown Indicators

	FEGIX	FDUAX	Difference
Max Drawdown Largest peak-to-trough decline	-70.38%	-3.96%	-66.42%
Max Drawdown (1Y) Largest decline over 1 year	-26.66%	-3.96%	-22.70%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.84%	—	—
Current Drawdown Current decline from peak	-22.73%	-1.61%	-21.12%
Average Drawdown Average peak-to-trough decline	-28.82%	-0.73%	-28.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.21%	1.60%	+5.61%

Volatility

FEGIX vs. FDUAX - Volatility Comparison

First Eagle Gold Fund Class I (FEGIX) has a higher volatility of 13.89% compared to First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX) at 0.61%. This indicates that FEGIX's price experiences larger fluctuations and is considered to be riskier than FDUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEGIX	FDUAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.89%	0.61%	+13.28%
Volatility (6M) Calculated over the trailing 6-month period	32.49%	1.64%	+30.85%
Volatility (1Y) Calculated over the trailing 1-year period	38.59%	4.17%	+34.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.11%	3.28%	+24.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	3.28%	+23.88%