FEHIX vs. SPY
Compare and contrast key facts about First Eagle High Income Fund (FEHIX) and State Street SPDR S&P 500 ETF (SPY).
FEHIX is managed by First Eagle. It was launched on Nov 19, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FEHIX vs. SPY - Performance Comparison
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FEHIX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FEHIX achieves a -0.97% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, FEHIX has underperformed SPY with an annualized return of 4.69%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FEHIX vs. SPY - Expense Ratio Comparison
FEHIX has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FEHIX vs. SPY — Risk / Return Rank
FEHIX
SPY
FEHIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle High Income Fund (FEHIX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.28 | 0.93 | -1.20 |
Sortino ratioReturn per unit of downside risk | -0.31 | 1.45 | -1.76 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.22 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.53 | -1.65 |
Martin ratioReturn relative to average drawdown | -0.27 | 7.30 | -7.57 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | 0.93 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.69 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.78 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.56 | +0.01 |
Correlation
The correlation between FEHIX and SPY is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FEHIX vs. SPY - Dividend Comparison
FEHIX's dividend yield for the trailing twelve months is around 5.66%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FEHIX vs. SPY - Drawdown Comparison
The maximum FEHIX drawdown since its inception was -29.59%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FEHIX and SPY.
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Drawdown Indicators
| FEHIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.59% | -55.19% | +25.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -12.05% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -12.56% | -24.50% | +11.94% |
Max Drawdown (10Y)Largest decline over 10 years | -16.14% | -33.72% | +17.58% |
Current DrawdownCurrent decline from peak | -4.28% | -6.24% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -9.09% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.52% | +1.65% |
Volatility
FEHIX vs. SPY - Volatility Comparison
The current volatility for First Eagle High Income Fund (FEHIX) is 1.52%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FEHIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEHIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 5.31% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 9.47% | -6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.39% | 19.05% | -11.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.35% | 17.06% | -11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 17.92% | -12.96% |