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FEURX vs. FEHIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEURX vs. FEHIX

Last updated Jun 24, 2026

FEURX (First Eagle Gold Fund Class R6) and FEHIX (First Eagle High Income Fund) are both mutual funds - FEURX is a Gold fund actively managed by First Eagle, while FEHIX is a High Yield Bonds fund managed by First Eagle. Over the past 5 years, FEURX returned 20.38%/yr vs 2.92%/yr for FEHIX. At a 0.17 correlation, their price movements are largely independent. FEURX charges 0.81%/yr vs 0.80%/yr for FEHIX.

Performance

FEURX vs. FEHIX - Performance Comparison

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

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Returns By Period

In the year-to-date period, FEURX achieves a -2.96% return, which is significantly lower than FEHIX's 3.15% return.

FEURX

1D
-1.12%
1M
-5.21%
YTD
-2.96%
6M
-6.97%
1Y
49.24%
3Y*
37.18%
5Y*
20.38%
10Y*
—

FEHIX

1D
-0.12%
1M
2.81%
YTD
3.15%
6M
3.94%
1Y
4.18%
3Y*
6.31%
5Y*
2.92%
10Y*
4.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEURX vs. FEHIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FEURX
First Eagle Gold Fund Class R6		-2.96%129.09%10.69%7.37%-1.26%-7.42%30.08%38.92%-15.55%-1.36%
FEHIX
First Eagle High Income Fund		3.15%-0.69%11.47%8.46%-8.46%3.50%7.33%8.61%-0.40%3.13%

Correlation

The correlation between FEURX and FEHIX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2017

0.17

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First Eagle Gold Fund Class R6

First Eagle High Income Fund

Often compared with FEURX:
FEURX vs. OCMAXFEURX vs. FESGXFEURX vs. FGADXFEURX vs. UNWPXFEURX vs. MIDSXFEURX vs. FEGOXFEURX vs. FEBIX
Often compared with FEHIX:
FEHIX vs. ORNAXFEHIX vs. NVHIXFEHIX vs. FXIEXFEHIX vs. MISHXFEHIX vs. SVARXFEHIX vs. VTESFEHIX vs. SPY

Return for Risk

FEURX vs. FEHIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEURX
FEURX Risk / Return Rank: 2121
Overall Rank
FEURX Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
FEURX Sortino Ratio Rank: 1818
Sortino Ratio Rank
FEURX Omega Ratio Rank: 2424
Omega Ratio Rank
FEURX Calmar Ratio Rank: 2121
Calmar Ratio Rank
FEURX Martin Ratio Rank: 1717
Martin Ratio Rank
FEHIX
FEHIX Risk / Return Rank: 1212
Overall Rank
FEHIX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
FEHIX Sortino Ratio Rank: 1212
Sortino Ratio Rank
FEHIX Omega Ratio Rank: 1616
Omega Ratio Rank
FEHIX Calmar Ratio Rank: 99
Calmar Ratio Rank
FEHIX Martin Ratio Rank: 99
Martin Ratio Rank
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. FEHIX - Risk-Adjusted Trends Comparison

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

FEURXFEHIXDifference
Sharpe ratioReturn per unit of total volatility
1.27
0.89

+0.38

Sortino ratioReturn per unit of downside risk
1.65
1.28

+0.37

Omega ratioGain probability vs. loss probability

1.24

1.19

+0.04

Calmar ratioReturn relative to maximum drawdown

1.56

0.83

+0.73

Martin ratioReturn relative to average drawdown

4.26

2.55

+1.70

FEURX vs. FEHIX - Sharpe Ratio Comparison

The current FEURX Sharpe Ratio is 1.27, which is higher than the FEHIX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of FEURX and FEHIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FEURX vs. FEHIX - Drawdown Comparison

The maximum FEURX drawdown since its inception was -36.99%, which is greater than FEHIX's maximum drawdown of -29.59%. Use the drawdown chart below to compare losses from any high point for FEURX and FEHIX.

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Drawdown Indicators

FEURXFEHIXDifference

Max Drawdown

Largest peak-to-trough decline

-36.99%

-29.59%

-7.40%

Max Drawdown (1Y)

Largest decline over 1 year

-32.34%

-5.22%

-27.12%

Max Drawdown (3Y)

Largest decline over 3 years

-32.34%

-9.09%

-23.25%

Max Drawdown (5Y)

Largest decline over 5 years

-33.93%

-12.56%

-21.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-16.14%

—

Current Drawdown

Current decline from peak

-26.96%

-0.30%

-26.66%

Average Drawdown

Average peak-to-trough decline

-12.78%

-4.14%

-8.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.81%

1.69%

+10.12%

Volatility

FEURX vs. FEHIX - Volatility Comparison

First Eagle Gold Fund Class R6 (FEURX) has a higher volatility of 13.39% compared to First Eagle High Income Fund (FEHIX) at 1.11%. This indicates that FEURX's price experiences larger fluctuations and is considered to be riskier than FEHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEURXFEHIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.39%

1.11%

+12.28%

Volatility (6M)

Calculated over the trailing 6-month period

34.11%

3.06%

+31.05%

Volatility (1Y)

Calculated over the trailing 1-year period

39.83%

4.86%

+34.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.12%

5.41%

+23.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.20%

4.97%

+22.23%

FEURX vs. FEHIX - Expense Ratio Comparison

FEURX has a 0.81% expense ratio, which is higher than FEHIX's 0.80% expense ratio.

Dividends

FEURX vs. FEHIX - Dividend Comparison

FEURX's dividend yield for the trailing twelve months is around 1.29%, less than FEHIX's 6.12% yield.

PositionTTM20252024202320222021202020192018201720162015
FEHIX
First Eagle High Income Fund		6.12%5.92%5.17%4.40%5.00%3.87%4.32%4.40%5.56%5.22%6.09%7.53%
FEURX
First Eagle Gold Fund Class R6		1.29%1.26%5.39%1.17%0.00%1.30%1.53%0.16%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FEURX and FEHIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FEURX has higher volatility (13.39%) compared to FEHIX (1.11%). In terms of maximum drawdown, FEURX dropped -36.99% vs FEHIX's -29.59%.

FEURX currently has the higher Sharpe Ratio (1.27 vs 0.89), 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.

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