FEHIX vs. PRFRX
Compare and contrast key facts about First Eagle High Income Fund (FEHIX) and T. Rowe Price Floating Rate Fund (PRFRX).
FEHIX is managed by First Eagle. It was launched on Nov 19, 2007. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Performance
FEHIX vs. PRFRX - Performance Comparison
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FEHIX vs. PRFRX - 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% |
PRFRX T. Rowe Price Floating Rate Fund | -0.06% | 13.09% | 8.80% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
Returns By Period
In the year-to-date period, FEHIX achieves a -0.97% return, which is significantly lower than PRFRX's -0.06% return. Over the past 10 years, FEHIX has underperformed PRFRX with an annualized return of 4.69%, while PRFRX has yielded a comparatively higher 5.66% 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%
PRFRX
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- -0.06%
- 6M
- 3.35%
- 1Y
- 11.72%
- 3Y*
- 10.22%
- 5Y*
- 7.18%
- 10Y*
- 5.66%
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FEHIX vs. PRFRX - Expense Ratio Comparison
FEHIX has a 0.80% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Return for Risk
FEHIX vs. PRFRX — Risk / Return Rank
FEHIX
PRFRX
FEHIX vs. PRFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle High Income Fund (FEHIX) and T. Rowe Price Floating Rate Fund (PRFRX). 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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.28 | 3.66 | -3.93 |
Sortino ratioReturn per unit of downside risk | -0.31 | 7.34 | -7.64 |
Omega ratioGain probability vs. loss probability | 0.95 | 2.39 | -1.44 |
Calmar ratioReturn relative to maximum drawdown | -0.13 | 5.81 | -5.94 |
Martin ratioReturn relative to average drawdown | -0.27 | 28.10 | -28.37 |
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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 3.66 | -3.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 2.48 | -2.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 1.45 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.43 | -0.85 |
Correlation
The correlation between FEHIX and PRFRX is 0.50, 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. PRFRX - Dividend Comparison
FEHIX's dividend yield for the trailing twelve months is around 5.66%, less than PRFRX's 12.94% 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% |
PRFRX T. Rowe Price Floating Rate Fund | 12.94% | 12.91% | 8.17% | 9.57% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
Drawdowns
FEHIX vs. PRFRX - Drawdown Comparison
The maximum FEHIX drawdown since its inception was -29.59%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for FEHIX and PRFRX.
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Drawdown Indicators
| FEHIX | PRFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.59% | -20.05% | -9.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -2.07% | -6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -12.56% | -5.94% | -6.62% |
Max Drawdown (10Y)Largest decline over 10 years | -16.14% | -20.05% | +3.91% |
Current DrawdownCurrent decline from peak | -4.28% | -0.64% | -3.64% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -0.69% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 0.43% | +3.74% |
Volatility
FEHIX vs. PRFRX - Volatility Comparison
First Eagle High Income Fund (FEHIX) has a higher volatility of 1.52% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.74%. This indicates that FEHIX's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEHIX | PRFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.74% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.18% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.39% | 3.34% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.35% | 2.91% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 3.92% | +1.04% |