FEHIX vs. CPMPX
Compare and contrast key facts about First Eagle High Income Fund (FEHIX) and Changing Parameters Fund (CPMPX).
FEHIX is managed by First Eagle. It was launched on Nov 19, 2007. CPMPX is managed by Changing Parameters. It was launched on Oct 2, 2006.
Performance
FEHIX vs. CPMPX - Performance Comparison
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FEHIX vs. CPMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEHIX First Eagle High Income Fund | -0.97% | -0.69% | 11.47% | 8.46% | -8.46% | 3.50% | 7.33% | 8.61% | -0.40% | 4.62% |
CPMPX Changing Parameters Fund | 0.09% | 6.65% | -3.47% | 8.13% | -0.22% | 3.86% | 13.43% | 6.82% | -1.19% | 5.29% |
Returns By Period
In the year-to-date period, FEHIX achieves a -0.97% return, which is significantly lower than CPMPX's 0.09% return. Over the past 10 years, FEHIX has outperformed CPMPX with an annualized return of 4.69%, while CPMPX has yielded a comparatively lower 4.32% annualized return.
FEHIX
- 1D
- 0.38%
- 1M
- -2.71%
- YTD
- -0.97%
- 6M
- -1.04%
- 1Y
- -2.37%
- 3Y*
- 4.82%
- 5Y*
- 2.56%
- 10Y*
- 4.69%
CPMPX
- 1D
- 0.00%
- 1M
- -1.12%
- YTD
- 0.09%
- 6M
- 1.24%
- 1Y
- 6.34%
- 3Y*
- 3.14%
- 5Y*
- 2.65%
- 10Y*
- 4.32%
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FEHIX vs. CPMPX - Expense Ratio Comparison
FEHIX has a 0.80% expense ratio, which is lower than CPMPX's 2.90% expense ratio.
Return for Risk
FEHIX vs. CPMPX — Risk / Return Rank
FEHIX
CPMPX
FEHIX vs. CPMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle High Income Fund (FEHIX) and Changing Parameters Fund (CPMPX). 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.
| FEHIX | CPMPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.28 | 3.43 | -3.70 |
Sortino ratioReturn per unit of downside risk | -0.31 | 5.56 | -5.87 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.91 | -0.96 |
Calmar ratioReturn relative to maximum drawdown | -0.13 | 4.84 | -4.97 |
Martin ratioReturn relative to average drawdown | -0.27 | 19.28 | -19.55 |
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
| FEHIX | CPMPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 3.43 | -3.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.70 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 1.38 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.10 | -0.53 |
Correlation
The correlation between FEHIX and CPMPX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FEHIX vs. CPMPX - Dividend Comparison
FEHIX's dividend yield for the trailing twelve months is around 5.66%, more than CPMPX's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEHIX First Eagle High Income Fund | 5.66% | 5.92% | 5.17% | 4.40% | 5.00% | 3.87% | 4.32% | 4.40% | 5.56% | 5.22% | 6.09% | 7.53% |
CPMPX Changing Parameters Fund | 3.82% | 3.83% | 0.00% | 4.26% | 5.03% | 4.24% | 6.94% | 2.85% | 1.71% | 3.32% | 2.25% | 1.51% |
Drawdowns
FEHIX vs. CPMPX - Drawdown Comparison
The maximum FEHIX drawdown since its inception was -29.59%, which is greater than CPMPX's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for FEHIX and CPMPX.
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Drawdown Indicators
| FEHIX | CPMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.59% | -8.87% | -20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -1.31% | -7.35% |
Max Drawdown (5Y)Largest decline over 5 years | -12.56% | -8.13% | -4.43% |
Max Drawdown (10Y)Largest decline over 10 years | -16.14% | -8.13% | -8.01% |
Current DrawdownCurrent decline from peak | -4.28% | -1.83% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -1.87% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 0.33% | +3.84% |
Volatility
FEHIX vs. CPMPX - Volatility Comparison
First Eagle High Income Fund (FEHIX) has a higher volatility of 1.52% compared to Changing Parameters Fund (CPMPX) at 0.78%. This indicates that FEHIX's price experiences larger fluctuations and is considered to be riskier than CPMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEHIX | CPMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.78% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 1.38% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.39% | 1.90% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.35% | 3.83% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 3.13% | +1.83% |