FEURX vs. MIDSX

Last updated Apr 1, 2026

Compare and contrast key facts about First Eagle Gold Fund Class R6 (FEURX) and Midas Fund (MIDSX).

FEURX is an actively managed fund by First Eagle. It was launched on Mar 1, 2017. MIDSX is managed by Midas. It was launched on Jan 7, 1986.

Performance

FEURX vs. MIDSX - Performance Comparison

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

FEURX vs. MIDSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEURX First Eagle Gold Fund Class R6	2.66%	129.09%	10.69%	7.37%	-1.26%	-7.42%	30.08%	38.92%	-15.55%	-1.36%
MIDSX Midas Fund	3.72%	195.76%	7.27%	-1.79%	-11.11%	-19.23%	10.64%	30.56%	-12.90%	-2.36%

Returns By Period

In the year-to-date period, FEURX achieves a 2.66% return, which is significantly lower than MIDSX's 3.72% return.

FEURX

• 1D: -0.11%
• 1M: -22.38%
• YTD: 2.66%
• 6M: 19.13%
• 1Y: 78.67%
• 3Y*: 36.09%
• 5Y*: 22.99%
• 10Y*: —

MIDSX

• 1D: -0.28%
• 1M: -25.21%
• YTD: 3.72%
• 6M: 23.13%
• 1Y: 115.48%
• 3Y*: 44.09%
• 5Y*: 22.92%
• 10Y*: 13.28%

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

FEURX vs. MIDSX - Expense Ratio Comparison

FEURX has a 0.81% expense ratio, which is lower than MIDSX's 4.25% expense ratio.

MIDSX

Midas Fund

FEURX

First Eagle Gold Fund Class R6

Return for Risk

FEURX vs. MIDSX — Risk / Return Rank

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

FEURX

FEURX Risk / Return Rank: 90
FEURX Sharpe Ratio Rank: 93
FEURX Sortino Ratio Rank: 86
FEURX Omega Ratio Rank: 85
FEURX Calmar Ratio Rank: 93
FEURX Martin Ratio Rank: 92

MIDSX

MIDSX Risk / Return Rank: 95
MIDSX Sharpe Ratio Rank: 97
MIDSX Sortino Ratio Rank: 92
MIDSX Omega Ratio Rank: 91
MIDSX Calmar Ratio Rank: 97
MIDSX Martin Ratio Rank: 96

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. MIDSX - Risk-Adjusted Trends Comparison

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

	FEURX	MIDSX	Difference
Sharpe ratio Return per unit of total volatility	2.08	2.65	-0.58
Sortino ratio Return per unit of downside risk	2.33	2.73	-0.40
Omega ratio Gain probability vs. loss probability	1.36	1.42	-0.06
Calmar ratio Return relative to maximum drawdown	2.98	3.91	-0.93
Martin ratio Return relative to average drawdown	11.02	14.42	-3.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEURX vs. MIDSX - Sharpe Ratio Comparison

The current FEURX Sharpe Ratio is 2.08, which is comparable to the MIDSX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of FEURX and MIDSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEURX	MIDSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.65	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.68	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	-0.01	+0.61

Correlation

The correlation between FEURX and MIDSX is 0.92, 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

FEURX vs. MIDSX - Dividend Comparison

FEURX's dividend yield for the trailing twelve months is around 1.22%, while MIDSX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
FEURX First Eagle Gold Fund Class R6	1.22%	1.26%	5.39%	1.17%	0.00%	1.30%	1.53%	0.16%
MIDSX Midas Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FEURX vs. MIDSX - Drawdown Comparison

The maximum FEURX drawdown since its inception was -36.99%, smaller than the maximum MIDSX drawdown of -89.77%. Use the drawdown chart below to compare losses from any high point for FEURX and MIDSX.

Drawdown Indicators

	FEURX	MIDSX	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	-89.77%	+52.78%
Max Drawdown (1Y) Largest decline over 1 year	-26.66%	-30.18%	+3.52%
Max Drawdown (5Y) Largest decline over 5 years	-33.93%	-48.48%	+14.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.07%	—
Current Drawdown Current decline from peak	-22.73%	-40.30%	+17.57%
Average Drawdown Average peak-to-trough decline	-12.62%	-63.68%	+51.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.20%	8.19%	-0.99%

Volatility

FEURX vs. MIDSX - Volatility Comparison

The current volatility for First Eagle Gold Fund Class R6 (FEURX) is 13.90%, while Midas Fund (MIDSX) has a volatility of 15.85%. This indicates that FEURX experiences smaller price fluctuations and is considered to be less risky than MIDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEURX	MIDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.90%	15.85%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	32.49%	36.12%	-3.63%
Volatility (1Y) Calculated over the trailing 1-year period	38.58%	44.35%	-5.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.09%	33.89%	-5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.70%	33.34%	-6.64%