FEHIX vs. SGENX

Last updated Jun 4, 2026

FEHIX (First Eagle High Income Fund) and SGENX (First Eagle Global Fund Class A) are both mutual funds - FEHIX is a High Yield Bonds fund managed by First Eagle, while SGENX is a Global Equities fund managed by First Eagle. Over the past 10 years, FEHIX returned 4.45%/yr vs 10.24%/yr for SGENX. At a 0.35 correlation, their price movements are largely independent. FEHIX charges 0.80%/yr vs 1.11%/yr for SGENX.

Performance

FEHIX vs. SGENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle High Income Fund (FEHIX) and First Eagle Global Fund Class A (SGENX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEHIX achieves a 2.64% return, which is significantly lower than SGENX's 8.55% return. Over the past 10 years, FEHIX has underperformed SGENX with an annualized return of 4.45%, while SGENX has yielded a comparatively higher 10.24% annualized return.

FEHIX

• 1D: 0.25%
• 1M: 1.53%
• YTD: 2.64%
• 6M: 2.79%
• 1Y: 4.29%
• 3Y*: 6.04%
• 5Y*: 3.07%
• 10Y*: 4.45%

SGENX

• 1D: 0.09%
• 1M: 3.34%
• YTD: 8.55%
• 6M: 10.57%
• 1Y: 27.59%
• 3Y*: 19.12%
• 5Y*: 10.94%
• 10Y*: 10.24%

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

FEHIX vs. SGENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEHIX First Eagle High Income Fund	2.64%	-0.69%	11.47%	8.46%	-8.46%	3.50%	7.33%	8.61%	-0.40%	4.62%
SGENX First Eagle Global Fund Class A	8.55%	31.62%	11.78%	12.77%	-6.46%	12.20%	8.33%	20.16%	-8.46%	13.48%

Correlation

The correlation between FEHIX and SGENX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Nov 21, 2007	0.35

The correlation between FEHIX and SGENX shifts across timeframes, from 0.25 (3 years) to 0.36 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FEHIX vs. SGENX — Risk / Return Rank

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

FEHIX

FEHIX Risk / Return Rank: 10
FEHIX Sharpe Ratio Rank: 11
FEHIX Sortino Ratio Rank: 10
FEHIX Omega Ratio Rank: 13
FEHIX Calmar Ratio Rank: 8
FEHIX Martin Ratio Rank: 8

SGENX

SGENX Risk / Return Rank: 60
SGENX Sharpe Ratio Rank: 75
SGENX Sortino Ratio Rank: 65
SGENX Omega Ratio Rank: 67
SGENX Calmar Ratio Rank: 48
SGENX Martin Ratio Rank: 44

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.

FEHIX vs. SGENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle High Income Fund (FEHIX) and First Eagle Global Fund Class A (SGENX). 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	SGENX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	2.50	-1.65
Sortino ratio: Return per unit of downside risk	1.24	3.36	-2.12
Omega ratio: Gain probability vs. loss probability	1.19	1.46	-0.27
Calmar ratio: Return relative to maximum drawdown	0.80	2.65	-1.85
Martin ratio: Return relative to average drawdown	2.47	9.33	-6.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEHIX vs. SGENX - Sharpe Ratio Comparison

The current FEHIX Sharpe Ratio is 0.86, which is lower than the SGENX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FEHIX and SGENX, 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

	FEHIX	SGENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	2.50	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.92	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.82	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.98	-0.38

Drawdowns

FEHIX vs. SGENX - Drawdown Comparison

The maximum FEHIX drawdown since its inception was -29.59%, smaller than the maximum SGENX drawdown of -37.60%. Use the drawdown chart below to compare losses from any high point for FEHIX and SGENX.

Drawdown Indicators

	FEHIX	SGENX	Difference
Max Drawdown Largest peak-to-trough decline	-29.59%	-37.60%	+8.01%
Max Drawdown (1Y) Largest decline over 1 year	-5.22%	-10.53%	+5.31%
Max Drawdown (3Y) Largest decline over 3 years	-9.09%	-10.53%	+1.44%
Max Drawdown (5Y) Largest decline over 5 years	-12.56%	-19.57%	+7.01%
Max Drawdown (10Y) Largest decline over 10 years	-16.14%	-27.68%	+11.54%
Current Drawdown Current decline from peak	-0.80%	-2.26%	+1.46%
Average Drawdown Average peak-to-trough decline	-4.15%	-3.42%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.98%	-1.29%

Volatility

FEHIX vs. SGENX - Volatility Comparison

The current volatility for First Eagle High Income Fund (FEHIX) is 1.45%, while First Eagle Global Fund Class A (SGENX) has a volatility of 2.93%. This indicates that FEHIX experiences smaller price fluctuations and is considered to be less risky than SGENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEHIX	SGENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	2.93%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	9.13%	-6.04%
Volatility (1Y) Calculated over the trailing 1-year period	4.89%	11.16%	-6.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.41%	11.96%	-6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.97%	12.50%	-7.53%

FEHIX vs. SGENX - Expense Ratio Comparison

FEHIX has a 0.80% expense ratio, which is lower than SGENX's 1.11% expense ratio.

Dividends

FEHIX vs. SGENX - Dividend Comparison

FEHIX's dividend yield for the trailing twelve months is around 6.15%, less than SGENX's 8.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEHIX First Eagle High Income Fund	6.15%	5.92%	5.17%	4.40%	5.00%	3.87%	4.32%	4.40%	5.56%	5.22%	6.09%	7.53%
SGENX First Eagle Global Fund Class A	8.70%	9.45%	5.46%	3.52%	4.17%	6.27%	2.38%	5.48%	6.35%	4.23%	4.72%	1.16%

Frequently Asked Questions

Can I hold both FEHIX and SGENX in my portfolio?

FEHIX and SGENX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEHIX or SGENX?

SGENX has higher volatility (2.93%) compared to FEHIX (1.45%). In terms of maximum drawdown, FEHIX dropped -29.59% vs SGENX's -37.60%.

Which has better risk-adjusted returns?

SGENX currently has the higher Sharpe Ratio (2.50 vs 0.86), 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.