FESGX vs. FEBIX

Last updated Jun 4, 2026

FESGX (First Eagle Global Fund Class C) and FEBIX (First Eagle Global Income Builder Fund) are both Global Allocation funds from First Eagle. Over the past 10 years, FESGX returned 9.41%/yr vs 9.27%/yr for FEBIX. Their correlation of 0.92 suggests significant overlap in exposure. FESGX charges 1.86%/yr vs 0.93%/yr for FEBIX.

Performance

FESGX vs. FEBIX - Performance Comparison

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

Returns By Period

In the year-to-date period, FESGX achieves a 8.22% return, which is significantly lower than FEBIX's 9.36% return. Both investments have delivered pretty close results over the past 10 years, with FESGX having a 9.41% annualized return and FEBIX not far behind at 9.27%.

FESGX

• 1D: 0.10%
• 1M: 3.28%
• YTD: 8.22%
• 6M: 10.17%
• 1Y: 26.64%
• 3Y*: 18.22%
• 5Y*: 10.10%
• 10Y*: 9.41%

FEBIX

• 1D: 0.24%
• 1M: 2.35%
• YTD: 9.36%
• 6M: 11.48%
• 1Y: 23.05%
• 3Y*: 16.94%
• 5Y*: 10.36%
• 10Y*: 9.27%

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

FESGX vs. FEBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FESGX First Eagle Global Fund Class C	8.22%	30.64%	10.94%	11.92%	-7.17%	11.35%	7.50%	19.26%	-9.13%	12.62%
FEBIX First Eagle Global Income Builder Fund	9.36%	28.34%	9.57%	8.66%	-3.33%	11.92%	4.87%	15.13%	-6.16%	13.29%

Correlation

The correlation between FESGX and FEBIX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 2, 2012	0.92

The correlation between FESGX and FEBIX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FESGX vs. FEBIX — Risk / Return Rank

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

FESGX

FESGX Risk / Return Rank: 55
FESGX Sharpe Ratio Rank: 69
FESGX Sortino Ratio Rank: 60
FESGX Omega Ratio Rank: 62
FESGX Calmar Ratio Rank: 45
FESGX Martin Ratio Rank: 42

FEBIX

FEBIX Risk / Return Rank: 67
FEBIX Sharpe Ratio Rank: 85
FEBIX Sortino Ratio Rank: 78
FEBIX Omega Ratio Rank: 80
FEBIX Calmar Ratio Rank: 49
FEBIX Martin Ratio Rank: 42

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.

FESGX vs. FEBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Fund Class C (FESGX) and First Eagle Global Income Builder Fund (FEBIX). 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.

	FESGX	FEBIX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.74	-0.31
Sortino ratio: Return per unit of downside risk	3.25	3.71	-0.46
Omega ratio: Gain probability vs. loss probability	1.44	1.53	-0.09
Calmar ratio: Return relative to maximum drawdown	2.55	2.68	-0.14
Martin ratio: Return relative to average drawdown	8.89	8.96	-0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FESGX vs. FEBIX - Sharpe Ratio Comparison

The current FESGX Sharpe Ratio is 2.42, which is comparable to the FEBIX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of FESGX and FEBIX, 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

	FESGX	FEBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.74	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	1.16	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	1.00	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.93	-0.23

Drawdowns

FESGX vs. FEBIX - Drawdown Comparison

The maximum FESGX drawdown since its inception was -37.54%, which is greater than FEBIX's maximum drawdown of -23.05%. Use the drawdown chart below to compare losses from any high point for FESGX and FEBIX.

Drawdown Indicators

	FESGX	FEBIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-23.05%	-14.49%
Max Drawdown (1Y) Largest decline over 1 year	-10.58%	-8.63%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	-10.58%	-8.63%	-1.95%
Max Drawdown (5Y) Largest decline over 5 years	-20.00%	-15.79%	-4.21%
Max Drawdown (10Y) Largest decline over 10 years	-27.77%	-23.05%	-4.72%
Current Drawdown Current decline from peak	-2.44%	-2.61%	+0.17%
Average Drawdown Average peak-to-trough decline	-4.53%	-2.86%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.58%	+0.44%

Volatility

FESGX vs. FEBIX - Volatility Comparison

First Eagle Global Fund Class C (FESGX) has a higher volatility of 2.94% compared to First Eagle Global Income Builder Fund (FEBIX) at 2.27%. This indicates that FESGX's price experiences larger fluctuations and is considered to be riskier than FEBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FESGX	FEBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	2.27%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	7.19%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	8.49%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.96%	8.98%	+2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.50%	9.25%	+3.25%

FESGX vs. FEBIX - Expense Ratio Comparison

FESGX has a 1.86% expense ratio, which is higher than FEBIX's 0.93% expense ratio.

Dividends

FESGX vs. FEBIX - Dividend Comparison

FESGX's dividend yield for the trailing twelve months is around 8.48%, more than FEBIX's 4.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEBIX First Eagle Global Income Builder Fund	4.66%	5.72%	6.72%	3.52%	3.28%	8.31%	3.21%	2.72%	2.70%	2.77%	3.38%	3.65%
FESGX First Eagle Global Fund Class C	8.48%	9.18%	4.84%	2.85%	4.25%	5.44%	1.61%	4.69%	5.71%	3.61%	4.48%	1.06%

Frequently Asked Questions

Can I hold both FESGX and FEBIX in my portfolio?

With a correlation of 0.90, FESGX and FEBIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FESGX or FEBIX?

FESGX has higher volatility (2.94%) compared to FEBIX (2.27%). In terms of maximum drawdown, FESGX dropped -37.54% vs FEBIX's -23.05%.

Which has better risk-adjusted returns?

FEBIX currently has the higher Sharpe Ratio (2.74 vs 2.42), 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.