FEURX vs. EPGFX

Last updated Jul 18, 2026

FEURX (First Eagle Gold Fund Class R6) and EPGFX (EuroPac Gold Fund) are both Gold funds. Over the past 5 years, FEURX returned 18.00%/yr vs 12.85%/yr for EPGFX. Their correlation of 0.94 suggests significant overlap in exposure. FEURX charges 0.81%/yr vs 1.40%/yr for EPGFX.

Performance

FEURX vs. EPGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Gold Fund Class R6 (FEURX) and EuroPac Gold Fund (EPGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FEURX having a -12.68% return and EPGFX slightly higher at -12.05%.

FEURX

• 1D: -2.78%
• 1M: -12.93%
• 6M: -21.45%
• YTD: -12.68%
• 1Y: 37.89%
• 3Y*: 30.36%
• 5Y*: 18.00%
• 10Y*: —

EPGFX

• 1D: -2.80%
• 1M: -13.97%
• 6M: -21.19%
• YTD: -12.05%
• 1Y: 36.58%
• 3Y*: 27.11%
• 5Y*: 12.85%
• 10Y*: 8.32%

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

FEURX vs. EPGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEURX First Eagle Gold Fund Class R6	-12.68%	129.09%	10.69%	7.37%	-1.26%	-7.42%	30.08%	38.92%	-15.55%	-1.36%
EPGFX EuroPac Gold Fund	-12.05%	129.06%	8.51%	2.31%	-14.00%	-18.06%	36.99%	37.25%	-13.85%	3.40%

Correlation

The correlation between FEURX and EPGFX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017	0.94

The correlation between FEURX and EPGFX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

FEURX vs. EPGFX — Risk / Return Rank

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

FEURX

FEURX Risk / Return Rank: 16
FEURX Sharpe Ratio Rank: 17
FEURX Sortino Ratio Rank: 16
FEURX Omega Ratio Rank: 19
FEURX Calmar Ratio Rank: 15
FEURX Martin Ratio Rank: 12

EPGFX

EPGFX Risk / Return Rank: 14
EPGFX Sharpe Ratio Rank: 15
EPGFX Sortino Ratio Rank: 14
EPGFX Omega Ratio Rank: 16
EPGFX Calmar Ratio Rank: 15
EPGFX Martin Ratio Rank: 11

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.

FEURX vs. EPGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund Class R6 (FEURX) and EuroPac Gold Fund (EPGFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FEURX	EPGFX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.85	+0.06
Sortino ratio: Return per unit of downside risk	1.31	1.26	+0.05
Omega ratio: Gain probability vs. loss probability	1.18	1.17	+0.01
Calmar ratio: Return relative to maximum drawdown	1.07	1.06	+0.02
Martin ratio: Return relative to average drawdown	2.56	2.50	+0.07

FEURX vs. EPGFX - Sharpe Ratio Comparison

The current FEURX Sharpe Ratio is 0.91, which is comparable to the EPGFX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of FEURX and EPGFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEURX vs. EPGFX - Drawdown Comparison

The maximum FEURX drawdown since its inception was -36.99%, smaller than the maximum EPGFX drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for FEURX and EPGFX.

Drawdown Indicators

	FEURX	EPGFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	-56.70%	+19.71%
Max Drawdown (1Y) Largest decline over 1 year	-34.28%	-32.93%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-34.28%	-32.93%	-1.35%
Max Drawdown (5Y) Largest decline over 5 years	-34.28%	-44.99%	+10.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.03%	—
Current Drawdown Current decline from peak	-34.28%	-32.93%	-1.35%
Average Drawdown Average peak-to-trough decline	-12.91%	-22.07%	+9.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.35%	13.93%	+0.42%

Volatility

FEURX vs. EPGFX - Volatility Comparison

First Eagle Gold Fund Class R6 (FEURX) and EuroPac Gold Fund (EPGFX) have volatilities of 9.97% and 9.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEURX	EPGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.97%	9.93%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	34.21%	34.22%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	40.45%	40.78%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.37%	32.98%	-3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.27%	32.58%	-5.31%

FEURX vs. EPGFX - Expense Ratio Comparison

FEURX has a 0.81% expense ratio, which is lower than EPGFX's 1.40% expense ratio.

Dividends

FEURX vs. EPGFX - Dividend Comparison

FEURX's dividend yield for the trailing twelve months is around 1.44%, less than EPGFX's 7.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EPGFX EuroPac Gold Fund	7.80%	6.86%	10.36%	0.00%	0.00%	2.49%	8.67%	0.00%	0.00%	2.56%	19.31%
FEURX First Eagle Gold Fund Class R6	1.44%	1.26%	5.39%	1.17%	0.00%	1.30%	1.53%	0.16%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEURX and EPGFX in my portfolio?

With a correlation of 0.96, FEURX and EPGFX 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, FEURX or EPGFX?

FEURX has higher volatility (9.97%) compared to EPGFX (9.93%). In terms of maximum drawdown, FEURX dropped -36.99% vs EPGFX's -56.70%.

Which has better risk-adjusted returns?

FEURX currently has the higher Sharpe Ratio (0.91 vs 0.85), 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.