FEURX vs. UNWPX

Last updated Jun 24, 2026

FEURX (First Eagle Gold Fund Class R6) and UNWPX (U.S. Global Investors World Precious Minerals Fund) are both mutual funds - FEURX is a Gold fund actively managed by First Eagle, while UNWPX is a Precious Metals fund managed by US Global. Over the past 5 years, FEURX returned 20.38%/yr vs 4.34%/yr for UNWPX. A 0.78 correlation means they provide meaningful diversification when combined. FEURX charges 0.81%/yr vs 1.53%/yr for UNWPX.

Performance

FEURX vs. UNWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Gold Fund Class R6 (FEURX) and U.S. Global Investors World Precious Minerals Fund (UNWPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEURX achieves a -2.96% return, which is significantly lower than UNWPX's 7.34% return.

FEURX

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

UNWPX

• 1D: -1.03%
• 1M: -9.86%
• YTD: 7.34%
• 6M: 5.41%
• 1Y: 82.24%
• 3Y*: 33.44%
• 5Y*: 4.34%
• 10Y*: 3.94%

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

FEURX vs. UNWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
UNWPX U.S. Global Investors World Precious Minerals Fund	7.34%	136.32%	2.07%	-16.18%	-32.95%	-13.88%	70.83%	22.59%	-31.49%	-13.37%

Correlation

The correlation between FEURX and UNWPX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017	0.78

The correlation between FEURX and UNWPX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

Return for Risk

FEURX vs. UNWPX — Risk / Return Rank

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

FEURX

FEURX Risk / Return Rank: 21
FEURX Sharpe Ratio Rank: 23
FEURX Sortino Ratio Rank: 18
FEURX Omega Ratio Rank: 24
FEURX Calmar Ratio Rank: 21
FEURX Martin Ratio Rank: 17

UNWPX

UNWPX Risk / Return Rank: 46
UNWPX Sharpe Ratio Rank: 48
UNWPX Sortino Ratio Rank: 36
UNWPX Omega Ratio Rank: 39
UNWPX Calmar Ratio Rank: 60
UNWPX Martin Ratio Rank: 48

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. UNWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund Class R6 (FEURX) and U.S. Global Investors World Precious Minerals Fund (UNWPX). 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	UNWPX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.87	-0.60
Sortino ratio: Return per unit of downside risk	1.65	2.31	-0.66
Omega ratio: Gain probability vs. loss probability	1.24	1.31	-0.07
Calmar ratio: Return relative to maximum drawdown	1.56	2.85	-1.29
Martin ratio: Return relative to average drawdown	4.26	9.41	-5.15

FEURX vs. UNWPX - Sharpe Ratio Comparison

The current FEURX Sharpe Ratio is 1.27, which is lower than the UNWPX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of FEURX and UNWPX, 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. UNWPX - Drawdown Comparison

The maximum FEURX drawdown since its inception was -36.99%, smaller than the maximum UNWPX drawdown of -83.78%. Use the drawdown chart below to compare losses from any high point for FEURX and UNWPX.

Drawdown Indicators

	FEURX	UNWPX	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	-83.78%	+46.79%
Max Drawdown (1Y) Largest decline over 1 year	-32.34%	-29.02%	-3.32%
Max Drawdown (3Y) Largest decline over 3 years	-32.34%	-29.17%	-3.17%
Max Drawdown (5Y) Largest decline over 5 years	-33.93%	-60.80%	+26.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-69.19%	—
Current Drawdown Current decline from peak	-26.96%	-39.51%	+12.55%
Average Drawdown Average peak-to-trough decline	-12.78%	-49.47%	+36.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.81%	8.77%	+3.04%

Volatility

FEURX vs. UNWPX - Volatility Comparison

The current volatility for First Eagle Gold Fund Class R6 (FEURX) is 13.39%, while U.S. Global Investors World Precious Minerals Fund (UNWPX) has a volatility of 14.31%. This indicates that FEURX experiences smaller price fluctuations and is considered to be less risky than UNWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEURX	UNWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.39%	14.31%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	34.11%	37.62%	-3.51%
Volatility (1Y) Calculated over the trailing 1-year period	39.83%	44.31%	-4.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.12%	31.80%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.20%	30.60%	-3.40%

FEURX vs. UNWPX - Expense Ratio Comparison

FEURX has a 0.81% expense ratio, which is lower than UNWPX's 1.53% expense ratio.

Dividends

FEURX vs. UNWPX - Dividend Comparison

FEURX's dividend yield for the trailing twelve months is around 1.29%, less than UNWPX's 83.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
UNWPX U.S. Global Investors World Precious Minerals Fund	83.64%	5.95%	0.00%	0.00%	0.00%	71.74%	6.76%	0.00%	17.45%	28.55%	0.33%	9.84%

Frequently Asked Questions

Can I hold both FEURX and UNWPX in my portfolio?

FEURX and UNWPX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEURX or UNWPX?

UNWPX has higher volatility (14.31%) compared to FEURX (13.39%). In terms of maximum drawdown, FEURX dropped -36.99% vs UNWPX's -83.78%.

Which has better risk-adjusted returns?

UNWPX currently has the higher Sharpe Ratio (1.87 vs 1.27), 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.