FESGX vs. GBFFX
Compare and contrast key facts about First Eagle Global Fund Class C (FESGX) and GMO Benchmark-Free Fund (GBFFX).
FESGX is an actively managed fund by First Eagle. It was launched on Jan 1, 1979. GBFFX is managed by GMO. It was launched on Jun 14, 2011.
Performance
FESGX vs. GBFFX - Performance Comparison
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FESGX vs. GBFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FESGX First Eagle Global Fund Class C | -0.68% | 30.64% | 10.94% | 11.92% | -7.17% | 11.35% | 7.50% | 19.26% | -9.13% | 12.62% |
GBFFX GMO Benchmark-Free Fund | 4.66% | 24.07% | 0.40% | 15.24% | -3.36% | 4.38% | -3.35% | 13.79% | -7.12% | 17.06% |
Returns By Period
In the year-to-date period, FESGX achieves a -0.68% return, which is significantly lower than GBFFX's 4.66% return. Over the past 10 years, FESGX has outperformed GBFFX with an annualized return of 8.83%, while GBFFX has yielded a comparatively lower 6.59% annualized return.
FESGX
- 1D
- 0.13%
- 1M
- -10.46%
- YTD
- -0.68%
- 6M
- 4.47%
- 1Y
- 21.58%
- 3Y*
- 15.06%
- 5Y*
- 9.90%
- 10Y*
- 8.83%
GBFFX
- 1D
- 0.26%
- 1M
- -4.58%
- YTD
- 4.66%
- 6M
- 11.31%
- 1Y
- 23.15%
- 3Y*
- 13.41%
- 5Y*
- 7.34%
- 10Y*
- 6.59%
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FESGX vs. GBFFX - Expense Ratio Comparison
FESGX has a 1.86% expense ratio, which is higher than GBFFX's 0.35% expense ratio.
Return for Risk
FESGX vs. GBFFX — Risk / Return Rank
FESGX
GBFFX
FESGX vs. GBFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Fund Class C (FESGX) and GMO Benchmark-Free Fund (GBFFX). 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 | GBFFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 2.90 | -1.27 |
Sortino ratioReturn per unit of downside risk | 2.21 | 3.84 | -1.63 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.59 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.54 | -1.59 |
Martin ratioReturn relative to average drawdown | 8.19 | 14.26 | -6.07 |
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
| FESGX | GBFFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.90 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.92 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.73 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.64 | +0.04 |
Correlation
The correlation between FESGX and GBFFX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FESGX vs. GBFFX - Dividend Comparison
FESGX's dividend yield for the trailing twelve months is around 9.24%, more than GBFFX's 4.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FESGX First Eagle Global Fund Class C | 9.24% | 9.18% | 4.84% | 2.85% | 4.25% | 5.44% | 1.61% | 4.69% | 5.71% | 3.61% | 4.48% | 1.06% |
GBFFX GMO Benchmark-Free Fund | 4.89% | 5.11% | 1.81% | 5.72% | 5.48% | 4.60% | 3.32% | 4.00% | 3.92% | 2.90% | 2.72% | 6.67% |
Drawdowns
FESGX vs. GBFFX - Drawdown Comparison
The maximum FESGX drawdown since its inception was -37.54%, which is greater than GBFFX's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for FESGX and GBFFX.
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Drawdown Indicators
| FESGX | GBFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.54% | -26.62% | -10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -6.13% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.00% | -15.91% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -27.77% | -26.62% | -1.15% |
Current DrawdownCurrent decline from peak | -10.46% | -4.58% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -4.42% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.57% | +0.95% |
Volatility
FESGX vs. GBFFX - Volatility Comparison
First Eagle Global Fund Class C (FESGX) has a higher volatility of 4.67% compared to GMO Benchmark-Free Fund (GBFFX) at 3.16%. This indicates that FESGX's price experiences larger fluctuations and is considered to be riskier than GBFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FESGX | GBFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 3.16% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 5.18% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 7.94% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.87% | 8.01% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.44% | 9.06% | +3.38% |