Correlation
The correlation between FEHIX and VTES is 0.10, 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.
FEHIX vs. VTES
Compare and contrast key facts about First Eagle High Income Fund (FEHIX) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES).
FEHIX is managed by First Eagle. It was launched on Nov 19, 2007. VTES is a passively managed fund by Vanguard that tracks the performance of the S&P 0-7 Yr National AMT-Free Municipal Bond Index - Benchmark TR Gross. It was launched on Mar 8, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEHIX or VTES.
Performance
FEHIX vs. VTES - Performance Comparison
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Key characteristics
FEHIX:
0.44
VTES:
1.82
FEHIX:
0.73
VTES:
2.36
FEHIX:
1.14
VTES:
1.41
FEHIX:
0.55
VTES:
2.30
FEHIX:
1.90
VTES:
7.82
FEHIX:
2.24%
VTES:
0.47%
FEHIX:
7.88%
VTES:
2.03%
FEHIX:
-18.27%
VTES:
-2.42%
FEHIX:
-5.20%
VTES:
-0.53%
Returns By Period
In the year-to-date period, FEHIX achieves a -2.59% return, which is significantly lower than VTES's 0.86% return.
FEHIX
-2.59%
-1.44%
-4.49%
3.47%
5.57%
4.93%
3.71%
VTES
0.86%
0.30%
0.46%
3.66%
N/A
N/A
N/A
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FEHIX vs. VTES - Expense Ratio Comparison
FEHIX has a 0.80% expense ratio, which is higher than VTES's 0.07% expense ratio.
Risk-Adjusted Performance
FEHIX vs. VTES — Risk-Adjusted Performance Rank
FEHIX
VTES
FEHIX vs. VTES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle High Income Fund (FEHIX) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES). 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.
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Dividends
FEHIX vs. VTES - Dividend Comparison
FEHIX's dividend yield for the trailing twelve months is around 5.21%, more than VTES's 2.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEHIX First Eagle High Income Fund | 5.21% | 5.62% | 5.28% | 5.01% | 3.87% | 4.35% | 4.70% | 5.56% | 5.33% | 6.09% | 7.54% | 6.98% |
VTES Vanguard Short-Term Tax-Exempt Bond ETF Shares | 2.94% | 3.00% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEHIX vs. VTES - Drawdown Comparison
The maximum FEHIX drawdown since its inception was -18.27%, which is greater than VTES's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for FEHIX and VTES.
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Volatility
FEHIX vs. VTES - Volatility Comparison
First Eagle High Income Fund (FEHIX) has a higher volatility of 1.13% compared to Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) at 0.40%. This indicates that FEHIX's price experiences larger fluctuations and is considered to be riskier than VTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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