FEHIX vs. SPY
Compare and contrast key facts about First Eagle High Income Fund (FEHIX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEHIX or SPY.
Correlation
The correlation between FEHIX and SPY is 0.31, 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.
Performance
FEHIX vs. SPY - Performance Comparison
Key characteristics
FEHIX:
0.78
SPY:
0.54
FEHIX:
1.03
SPY:
0.89
FEHIX:
1.20
SPY:
1.13
FEHIX:
0.79
SPY:
0.58
FEHIX:
3.44
SPY:
2.39
FEHIX:
1.76%
SPY:
4.51%
FEHIX:
7.80%
SPY:
20.07%
FEHIX:
-18.91%
SPY:
-55.19%
FEHIX:
-5.06%
SPY:
-10.54%
Returns By Period
In the year-to-date period, FEHIX achieves a -2.44% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, FEHIX has underperformed SPY with an annualized return of 3.80%, while SPY has yielded a comparatively higher 11.95% annualized return.
FEHIX
-2.44%
-3.18%
-1.38%
6.07%
6.00%
3.80%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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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.
Risk-Adjusted Performance
FEHIX vs. SPY — Risk-Adjusted Performance Rank
FEHIX
SPY
FEHIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle High Income Fund (FEHIX) and 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.
Dividends
FEHIX vs. SPY - Dividend Comparison
FEHIX's dividend yield for the trailing twelve months is around 5.72%, more than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEHIX First Eagle High Income Fund | 5.72% | 5.62% | 5.28% | 5.01% | 3.87% | 4.35% | 4.70% | 5.56% | 5.33% | 6.09% | 7.54% | 6.05% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FEHIX vs. SPY - Drawdown Comparison
The maximum FEHIX drawdown since its inception was -18.91%, 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. For additional features, visit the drawdowns tool.
Volatility
FEHIX vs. SPY - Volatility Comparison
The current volatility for First Eagle High Income Fund (FEHIX) is 6.37%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. 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.