FEGIX vs. IAU
Compare and contrast key facts about First Eagle Gold Fund Class I (FEGIX) and iShares Gold Trust (IAU).
FEGIX is managed by First Eagle. It was launched on Aug 31, 1993. IAU is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jan 21, 2005.
Performance
FEGIX vs. IAU - Performance Comparison
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FEGIX vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEGIX First Eagle Gold Fund Class I | 2.63% | 128.89% | 10.57% | 7.24% | -1.31% | -7.54% | 30.00% | 38.98% | -15.69% | 8.44% |
IAU iShares Gold Trust | 8.61% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Returns By Period
In the year-to-date period, FEGIX achieves a 2.63% return, which is significantly lower than IAU's 8.61% return. Over the past 10 years, FEGIX has outperformed IAU with an annualized return of 15.86%, while IAU has yielded a comparatively lower 14.08% annualized 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%
IAU
- 1D
- 3.80%
- 1M
- -11.01%
- YTD
- 8.61%
- 6M
- 21.15%
- 1Y
- 49.53%
- 3Y*
- 33.12%
- 5Y*
- 21.78%
- 10Y*
- 14.08%
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FEGIX vs. IAU - Expense Ratio Comparison
FEGIX has a 0.96% expense ratio, which is higher than IAU's 0.25% expense ratio.
Return for Risk
FEGIX vs. IAU — Risk / Return Rank
FEGIX
IAU
FEGIX vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund Class I (FEGIX) and iShares Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | 1.80 | +0.27 |
Sortino ratioReturn per unit of downside risk | 2.33 | 2.24 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.69 | +0.28 |
Martin ratioReturn relative to average drawdown | 11.00 | 9.97 | +1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEGIX | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.80 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 1.24 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.89 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.64 | -0.30 |
Correlation
The correlation between FEGIX and IAU is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FEGIX vs. IAU - Dividend Comparison
FEGIX's dividend yield for the trailing twelve months is around 1.16%, while IAU has not paid dividends to shareholders.
| 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% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEGIX vs. IAU - Drawdown Comparison
The maximum FEGIX drawdown since its inception was -70.38%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for FEGIX and IAU.
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Drawdown Indicators
| FEGIX | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.38% | -45.14% | -25.24% |
Max Drawdown (1Y)Largest decline over 1 year | -26.66% | -19.18% | -7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -33.95% | -20.93% | -13.02% |
Max Drawdown (10Y)Largest decline over 10 years | -41.84% | -21.82% | -20.02% |
Current DrawdownCurrent decline from peak | -22.73% | -13.20% | -9.53% |
Average DrawdownAverage peak-to-trough decline | -28.82% | -15.98% | -12.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 5.18% | +2.03% |
Volatility
FEGIX vs. IAU - Volatility Comparison
First Eagle Gold Fund Class I (FEGIX) has a higher volatility of 13.89% compared to iShares Gold Trust (IAU) at 11.02%. This indicates that FEGIX's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEGIX | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.89% | 11.02% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 32.49% | 24.11% | +8.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.59% | 27.62% | +10.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.11% | 17.69% | +10.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.16% | 15.82% | +11.34% |