FEGIX vs. RYMEX
FEGIX (First Eagle Gold Fund Class I) and RYMEX (Rydex Commodities Strategy Fund) are both mutual funds - FEGIX is a Gold fund managed by First Eagle, while RYMEX is a Commodities fund managed by Rydex Funds. Over the past 10 years, FEGIX returned 10.81%/yr vs 8.56%/yr for RYMEX. Their 0.31 correlation means their historical movements had little consistent relationship. FEGIX charges 0.96%/yr vs 1.60%/yr for RYMEX.
Performance
FEGIX vs. RYMEX - Performance Comparison
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Returns By Period
In the year-to-date period, FEGIX achieves a -7.16% return, which is significantly lower than RYMEX's 36.88% return. Over the past 10 years, FEGIX has outperformed RYMEX with an annualized return of 10.81%, while RYMEX has yielded a comparatively lower 8.56% 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%
RYMEX
- 1D
- -0.70%
- 1M
- 12.31%
- 6M
- 24.02%
- YTD
- 36.88%
- 1Y
- 40.17%
- 3Y*
- 12.97%
- 5Y*
- 13.58%
- 10Y*
- 8.56%
- ALL TIME*
- -3.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FEGIX vs. RYMEX - 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% |
RYMEX Rydex Commodities Strategy Fund | 36.88% | 4.70% | 8.24% | -6.14% | 23.72% | 39.03% | -22.99% | 15.48% | -14.96% | 4.67% |
Correlation
The correlation between FEGIX and RYMEX is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.31 |
The correlation between FEGIX and RYMEX shifts across timeframes, from -0.05 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FEGIX vs. RYMEX — Risk / Return Rank
FEGIX
RYMEX
FEGIX vs. RYMEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund Class I (FEGIX) and Rydex Commodities Strategy Fund (RYMEX). 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 | RYMEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.97 | -0.61 |
| Martin ratioReturn relative to average drawdown | 2.99 | 6.26 | -3.27 |
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Drawdowns
FEGIX vs. RYMEX - Drawdown Comparison
The maximum FEGIX drawdown since its inception was -70.38%, smaller than the maximum RYMEX drawdown of -91.81%. Use the drawdown chart below to compare losses from any high point for FEGIX and RYMEX.
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Drawdown Indicators
| FEGIX | RYMEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.38% | -91.81% | +21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -34.52% | -18.68% | -15.84% |
Max Drawdown (3Y)Largest decline over 3 years | -34.52% | -18.68% | -15.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.52% | -30.45% | -4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -41.84% | -59.20% | +17.36% |
Current DrawdownCurrent decline from peak | -30.11% | -66.55% | +36.44% |
Average DrawdownAverage peak-to-trough decline | -28.74% | -66.07% | +37.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.69% | 5.92% | +9.77% |
Volatility
FEGIX vs. RYMEX - Volatility Comparison
First Eagle Gold Fund Class I (FEGIX) has a higher volatility of 9.82% compared to Rydex Commodities Strategy Fund (RYMEX) at 8.28%. This indicates that FEGIX's price experiences larger fluctuations and is considered to be riskier than RYMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEGIX | RYMEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 8.28% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 33.81% | 23.23% | +10.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.64% | 25.13% | +15.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.48% | 23.10% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.44% | 22.37% | +5.07% |
FEGIX vs. RYMEX - Expense Ratio Comparison
FEGIX has a 0.96% expense ratio, which is lower than RYMEX's 1.60% expense ratio.
Dividends
FEGIX vs. RYMEX - Dividend Comparison
FEGIX's dividend yield for the trailing twelve months is around 1.29%, less than RYMEX's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
RYMEX Rydex Commodities Strategy Fund | 1.74% | 2.38% | 0.00% | 4.98% | 17.15% | 2.97% | 109.50% | 0.74% | 44.23% | 1.49% |
Frequently Asked Questions
FEGIX and RYMEX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEGIX has higher volatility (9.82%) compared to RYMEX (8.28%). In terms of maximum drawdown, FEGIX dropped -70.38% vs RYMEX's -91.81%.
RYMEX currently has the higher Sharpe Ratio (1.47 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.
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