FEGOX vs. FEAMX

Last updated Jun 3, 2026

FEGOX (First Eagle Gold Fund Class C) and FEAMX (First Eagle Fund of America) are both mutual funds - FEGOX is a Precious Metals fund actively managed by First Eagle, while FEAMX is a Large Cap Blend Equities fund managed by First Eagle. Over the past 10 years, FEGOX returned 12.86%/yr vs 9.38%/yr for FEAMX. At a 0.27 correlation, their price movements are largely independent. FEGOX charges 1.91%/yr vs 1.65%/yr for FEAMX.

Performance

FEGOX vs. FEAMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Gold Fund Class C (FEGOX) and First Eagle Fund of America (FEAMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEGOX achieves a 2.51% return, which is significantly lower than FEAMX's 11.51% return. Over the past 10 years, FEGOX has outperformed FEAMX with an annualized return of 12.86%, while FEAMX has yielded a comparatively lower 9.38% annualized return.

FEGOX

• 1D: -2.58%
• 1M: -1.76%
• YTD: 2.51%
• 6M: 9.51%
• 1Y: 55.28%
• 3Y*: 36.28%
• 5Y*: 18.02%
• 10Y*: 12.86%

FEAMX

• 1D: 1.66%
• 1M: 4.50%
• YTD: 11.51%
• 6M: 13.18%
• 1Y: 33.23%
• 3Y*: 22.02%
• 5Y*: 11.56%
• 10Y*: 9.38%

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

FEGOX vs. FEAMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEGOX First Eagle Gold Fund Class C	2.51%	126.68%	9.47%	6.26%	-2.33%	-8.41%	28.65%	37.47%	-16.58%	7.37%
FEAMX First Eagle Fund of America	11.51%	22.95%	21.26%	21.30%	-19.90%	19.13%	7.00%	27.41%	-24.23%	20.85%

Correlation

The correlation between FEGOX and FEAMX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since May 16, 2003	0.27

Return for Risk

FEGOX vs. FEAMX — Risk / Return Rank

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

FEGOX

FEGOX Risk / Return Rank: 29
FEGOX Sharpe Ratio Rank: 32
FEGOX Sortino Ratio Rank: 22
FEGOX Omega Ratio Rank: 30
FEGOX Calmar Ratio Rank: 39
FEGOX Martin Ratio Rank: 25

FEAMX

FEAMX Risk / Return Rank: 81
FEAMX Sharpe Ratio Rank: 91
FEAMX Sortino Ratio Rank: 87
FEAMX Omega Ratio Rank: 83
FEAMX Calmar Ratio Rank: 74
FEAMX Martin Ratio Rank: 73

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.

FEGOX vs. FEAMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund Class C (FEGOX) and First Eagle Fund of America (FEAMX). 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.

	FEGOX	FEAMX	Difference
Sharpe ratio Return per unit of total volatility	1.64	3.02	-1.38
Sortino ratio Return per unit of downside risk	1.99	4.14	-2.15
Omega ratio Gain probability vs. loss probability	1.29	1.56	-0.27
Calmar ratio Return relative to maximum drawdown	2.38	3.37	-0.99
Martin ratio Return relative to average drawdown	6.25	13.88	-7.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEGOX vs. FEAMX - Sharpe Ratio Comparison

The current FEGOX Sharpe Ratio is 1.64, which is lower than the FEAMX Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of FEGOX and FEAMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEGOX	FEAMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	3.02	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.74	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.54	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.46	-0.16

Drawdowns

FEGOX vs. FEAMX - Drawdown Comparison

The maximum FEGOX drawdown since its inception was -71.67%, which is greater than FEAMX's maximum drawdown of -45.04%. Use the drawdown chart below to compare losses from any high point for FEGOX and FEAMX.

Drawdown Indicators

	FEGOX	FEAMX	Difference
Max Drawdown Largest peak-to-trough decline	-71.67%	-45.04%	-26.63%
Max Drawdown (1Y) Largest decline over 1 year	-26.69%	-10.07%	-16.62%
Max Drawdown (3Y) Largest decline over 3 years	-26.69%	-12.58%	-14.11%
Max Drawdown (5Y) Largest decline over 5 years	-34.24%	-28.89%	-5.35%
Max Drawdown (10Y) Largest decline over 10 years	-43.08%	-40.30%	-2.78%
Current Drawdown Current decline from peak	-22.70%	0.00%	-22.70%
Average Drawdown Average peak-to-trough decline	-31.32%	-7.94%	-23.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.18%	2.45%	+7.73%

Volatility

FEGOX vs. FEAMX - Volatility Comparison

First Eagle Gold Fund Class C (FEGOX) has a higher volatility of 11.64% compared to First Eagle Fund of America (FEAMX) at 2.68%. This indicates that FEGOX's price experiences larger fluctuations and is considered to be riskier than FEAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEGOX	FEAMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.64%	2.68%	+8.96%
Volatility (6M) Calculated over the trailing 6-month period	32.32%	8.58%	+23.74%
Volatility (1Y) Calculated over the trailing 1-year period	38.51%	11.29%	+27.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.75%	15.67%	+13.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.28%	17.42%	+9.86%

FEGOX vs. FEAMX - Expense Ratio Comparison

FEGOX has a 1.91% expense ratio, which is higher than FEAMX's 1.65% expense ratio.

Dividends

FEGOX vs. FEAMX - Dividend Comparison

FEGOX's dividend yield for the trailing twelve months is around 0.68%, less than FEAMX's 15.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEAMX First Eagle Fund of America	15.51%	17.24%	15.02%	13.60%	4.42%	21.44%	26.22%	1.16%	35.09%	12.74%	7.87%	3.43%
FEGOX First Eagle Gold Fund Class C	0.68%	0.70%	5.05%	0.22%	0.00%	0.24%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEGOX and FEAMX in my portfolio?

FEGOX and FEAMX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEGOX or FEAMX?

FEGOX has higher volatility (11.64%) compared to FEAMX (2.68%). In terms of maximum drawdown, FEGOX dropped -71.67% vs FEAMX's -45.04%.

Which has better risk-adjusted returns?

FEAMX currently has the higher Sharpe Ratio (3.02 vs 1.64), 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.