FEOE vs. VDADX

Last updated Jun 9, 2026

FEOE (First Eagle Overseas Equity ETF) and VDADX (Vanguard Dividend Appreciation Index Fund Admiral Shares) are both funds - FEOE is a Foreign Large Cap Equities fund actively managed by First Eagle, while VDADX is a Dividend fund tracking the S&P U.S. Dividend Growers Index. FEOE is actively managed, while VDADX is passively managed. Over the past year, FEOE returned 28.76% vs 18.22% for VDADX. A 0.61 correlation means they provide meaningful diversification when combined. FEOE charges 0.50%/yr vs 0.07%/yr for VDADX.

Performance

FEOE vs. VDADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Overseas Equity ETF (FEOE) and Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEOE achieves a 9.27% return, which is significantly higher than VDADX's 6.53% return.

FEOE

• 1D: 0.52%
• 1M: -2.63%
• YTD: 9.27%
• 6M: 12.69%
• 1Y: 28.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VDADX

• 1D: -1.36%
• 1M: 2.28%
• YTD: 6.53%
• 6M: 6.41%
• 1Y: 18.22%
• 3Y*: 16.23%
• 5Y*: 10.38%
• 10Y*: 13.05%

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

FEOE vs. VDADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEOE First Eagle Overseas Equity ETF	9.27%	41.33%	-0.42%
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares	6.53%	14.17%	-0.29%

Correlation

The correlation between FEOE and VDADX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	0.61

The correlation between FEOE and VDADX has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.

FEOE vs. VDADX - Sectors Allocation Comparison

Sectors	FEOE	VDADX
Consumer Defensive	21.4%	10.1%
Industrials	15.3%	11.8%
Financial Services	13.4%	20.6%
Technology	12.7%	26.2%
Consumer Cyclical	11.7%	4.7%
Basic Materials	10.4%	3.5%
Energy	8.0%	3.5%
Healthcare	3.8%	16.5%
Real Estate	2.6%	-
Communication Services	0.7%	0.5%
Utilities	-	3.2%

Return for Risk

FEOE vs. VDADX — Risk / Return Rank

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

FEOE

FEOE Risk / Return Rank: 60
FEOE Sharpe Ratio Rank: 66
FEOE Sortino Ratio Rank: 60
FEOE Omega Ratio Rank: 65
FEOE Calmar Ratio Rank: 53
FEOE Martin Ratio Rank: 53

VDADX

VDADX Risk / Return Rank: 44
VDADX Sharpe Ratio Rank: 43
VDADX Sortino Ratio Rank: 44
VDADX Omega Ratio Rank: 41
VDADX Calmar Ratio Rank: 43
VDADX Martin Ratio Rank: 48

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.

FEOE vs. VDADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Overseas Equity ETF (FEOE) and Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX). 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.

	FEOE	VDADX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.87	+0.09
Sortino ratio: Return per unit of downside risk	2.55	2.71	-0.16
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	2.35	2.39	-0.04
Martin ratio: Return relative to average drawdown	8.29	9.65	-1.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEOE vs. VDADX - Sharpe Ratio Comparison

The current FEOE Sharpe Ratio is 1.96, which is comparable to the VDADX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of FEOE and VDADX, 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

	FEOE	VDADX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	1.87	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.20	0.76	+1.44

Drawdowns

FEOE vs. VDADX - Drawdown Comparison

The maximum FEOE drawdown since its inception was -12.27%, smaller than the maximum VDADX drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for FEOE and VDADX.

Drawdown Indicators

	FEOE	VDADX	Difference
Max Drawdown Largest peak-to-trough decline	-12.27%	-31.70%	+19.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.27%	-7.93%	-4.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.70%	—
Current Drawdown Current decline from peak	-5.04%	-1.36%	-3.68%
Average Drawdown Average peak-to-trough decline	-1.80%	-3.40%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	1.96%	+1.52%

Volatility

FEOE vs. VDADX - Volatility Comparison

First Eagle Overseas Equity ETF (FEOE) has a higher volatility of 4.81% compared to Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) at 2.55%. This indicates that FEOE's price experiences larger fluctuations and is considered to be riskier than VDADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEOE	VDADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	2.55%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	12.74%	7.70%	+5.04%
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	10.16%	+4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	14.28%	+1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.80%	16.20%	-0.40%

FEOE vs. VDADX - Expense Ratio Comparison

FEOE has a 0.50% expense ratio, which is higher than VDADX's 0.07% expense ratio.

Dividends

FEOE vs. VDADX - Dividend Comparison

FEOE's dividend yield for the trailing twelve months is around 1.40%, less than VDADX's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEOE First Eagle Overseas Equity ETF	1.40%	1.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares	1.46%	1.60%	1.71%	1.86%	1.94%	1.53%	1.61%	1.69%	2.07%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both FEOE and VDADX in my portfolio?

FEOE and VDADX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEOE or VDADX?

FEOE has higher volatility (4.81%) compared to VDADX (2.55%). In terms of maximum drawdown, FEOE dropped -12.27% vs VDADX's -31.70%.

Which has better risk-adjusted returns?

FEOE currently has the higher Sharpe Ratio (1.96 vs 1.87), 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.