FEGIX vs. FGADX

Last updated Aug 1, 2026

FEGIX (First Eagle Gold Fund Class I) and FGADX (Franklin Gold and Precious Metals Fund Advisor Class) are both Gold funds. Over the past 10 years, FEGIX returned 10.81%/yr vs 11.79%/yr for FGADX. Their correlation of 0.95 means they have usually moved in the same direction. FEGIX charges 0.96%/yr vs 0.62%/yr for FGADX.

Performance

FEGIX vs. FGADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Gold Fund Class I (FEGIX) and Franklin Gold and Precious Metals Fund Advisor Class (FGADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEGIX achieves a -7.16% return, which is significantly higher than FGADX's -10.04% return. Over the past 10 years, FEGIX has underperformed FGADX with an annualized return of 10.81%, while FGADX has yielded a comparatively higher 11.79% annualized return.

FEGIX

• 1D: 3.06%
• 1M: -1.08%
• 6M: -15.75%
• YTD: -7.16%
• 1Y: 44.84%
• 3Y*: 33.35%
• 5Y*: 18.82%
• 10Y*: 10.81%
• ALL TIME*: 9.15%

FGADX

• 1D: 3.30%
• 1M: -4.24%
• 6M: -18.71%
• YTD: -10.04%
• 1Y: 66.07%
• 3Y*: 45.99%
• 5Y*: 19.78%
• 10Y*: 11.79%
• ALL TIME*: 7.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEGIX First Eagle Gold Fund Class I	$0.00	$0.00	$0.00
FGADX Franklin Gold and Precious Metals Fund Advisor Class	$0.00	$0.00	$0.00

FEGIX vs. FGADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEGIX First Eagle Gold Fund Class I	-7.16%	128.89%	10.57%	7.24%	-1.31%	-7.54%	30.00%	38.98%	-15.69%	8.44%
FGADX Franklin Gold and Precious Metals Fund Advisor Class	-10.04%	197.29%	17.98%	2.20%	-23.24%	-3.76%	44.60%	51.87%	-17.89%	0.06%

Correlation

The correlation between FEGIX and FGADX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since May 15, 2003	0.95

The correlation between FEGIX and FGADX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FEGIX vs. FGADX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEGIX

FEGIX Risk / Return Rank: 34
FEGIX Sharpe Ratio Rank: 39
FEGIX Sortino Ratio Rank: 34
FEGIX Omega Ratio Rank: 40
FEGIX Calmar Ratio Rank: 32
FEGIX Martin Ratio Rank: 22

FGADX

FGADX Risk / Return Rank: 47
FGADX Sharpe Ratio Rank: 59
FGADX Sortino Ratio Rank: 47
FGADX Omega Ratio Rank: 53
FGADX Calmar Ratio Rank: 47
FGADX Martin Ratio Rank: 28

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEGIX vs. FGADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund Class I (FEGIX) and Franklin Gold and Precious Metals Fund Advisor Class (FGADX). 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.

	FEGIX	FGADX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.45	-0.29
Sortino ratio: Return per unit of downside risk	1.56	1.87	-0.31
Omega ratio: Gain probability vs. loss probability	1.22	1.25	-0.03
Calmar ratio: Return relative to maximum drawdown	1.36	1.79	-0.42
Martin ratio: Return relative to average drawdown	2.99	3.99	-1.00

FEGIX vs. FGADX - Sharpe Ratio Comparison

The current FEGIX Sharpe Ratio is 1.16, which is comparable to the FGADX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FEGIX and FGADX, 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

FEGIX vs. FGADX - Drawdown Comparison

The maximum FEGIX drawdown since its inception was -70.38%, smaller than the maximum FGADX drawdown of -78.57%. Use the drawdown chart below to compare losses from any high point for FEGIX and FGADX.

Drawdown Indicators

	FEGIX	FGADX	Difference
Max Drawdown Largest peak-to-trough decline	-70.38%	-78.57%	+8.19%
Max Drawdown (1Y) Largest decline over 1 year	-34.52%	-37.34%	+2.82%
Max Drawdown (3Y) Largest decline over 3 years	-34.52%	-37.34%	+2.82%
Max Drawdown (5Y) Largest decline over 5 years	-34.52%	-48.77%	+14.25%
Max Drawdown (10Y) Largest decline over 10 years	-41.84%	-49.27%	+7.43%
Current Drawdown Current decline from peak	-30.11%	-33.16%	+3.05%
Average Drawdown Average peak-to-trough decline	-28.74%	-34.69%	+5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.69%	16.67%	-0.98%

Volatility

FEGIX vs. FGADX - Volatility Comparison

The current volatility for First Eagle Gold Fund Class I (FEGIX) is 9.82%, while Franklin Gold and Precious Metals Fund Advisor Class (FGADX) has a volatility of 13.23%. This indicates that FEGIX experiences smaller price fluctuations and is considered to be less risky than FGADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEGIX	FGADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.82%	13.23%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	33.81%	38.56%	-4.75%
Volatility (1Y) Calculated over the trailing 1-year period	40.64%	45.97%	-5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.48%	34.65%	-5.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.44%	33.15%	-5.71%

FEGIX vs. FGADX - Expense Ratio Comparison

FEGIX has a 0.96% expense ratio, which is higher than FGADX's 0.62% expense ratio.

Dividends

FEGIX vs. FGADX - Dividend Comparison

FEGIX's dividend yield for the trailing twelve months is around 1.29%, less than FGADX's 10.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FEGIX First Eagle Gold Fund Class I	1.29%	1.19%	5.31%	1.08%	0.00%	1.19%	1.48%	0.09%	0.00%	0.00%	0.00%
FGADX Franklin Gold and Precious Metals Fund Advisor Class	10.91%	9.81%	12.51%	3.09%	0.00%	8.83%	10.06%	0.00%	0.00%	0.62%	8.38%

Frequently Asked Questions

Can I hold both FEGIX and FGADX in my portfolio?

With a correlation of 0.95, FEGIX and FGADX 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, FEGIX or FGADX?

FGADX has higher volatility (13.23%) compared to FEGIX (9.82%). In terms of maximum drawdown, FEGIX dropped -70.38% vs FGADX's -78.57%.

Which has better risk-adjusted returns?

FGADX currently has the higher Sharpe Ratio (1.45 vs 1.16), 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.