FEURX vs. USERX

Last updated Jun 4, 2026

FEURX (First Eagle Gold Fund Class R6) and USERX (U.S. Global Investors Gold & Precious Metals Fund) are both Precious Metals funds. Over the past 5 years, FEURX returned 20.18%/yr vs 18.56%/yr for USERX. Their correlation of 0.93 suggests significant overlap in exposure. FEURX charges 0.81%/yr vs 1.52%/yr for USERX.

Performance

FEURX vs. USERX - 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 Gold & Precious Metals Fund (USERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEURX achieves a 4.14% return, which is significantly lower than USERX's 4.58% return.

FEURX

• 1D: 1.13%
• 1M: 1.10%
• YTD: 4.14%
• 6M: 11.90%
• 1Y: 59.11%
• 3Y*: 38.26%
• 5Y*: 20.18%
• 10Y*: —

USERX

• 1D: 1.42%
• 1M: 4.23%
• YTD: 4.58%
• 6M: 12.99%
• 1Y: 75.95%
• 3Y*: 48.36%
• 5Y*: 18.56%
• 10Y*: 15.38%

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

FEURX vs. USERX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEURX First Eagle Gold Fund Class R6	4.14%	129.09%	10.69%	7.37%	-1.26%	-7.42%	30.08%	38.92%	-15.55%	-1.36%
USERX U.S. Global Investors Gold & Precious Metals Fund	4.58%	167.44%	16.75%	1.44%	-17.44%	-10.80%	37.16%	51.34%	-14.24%	-3.28%

Correlation

The correlation between FEURX and USERX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 2, 2017	0.93

The correlation between FEURX and USERX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FEURX vs. USERX — Risk / Return Rank

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

FEURX

FEURX Risk / Return Rank: 27
FEURX Sharpe Ratio Rank: 29
FEURX Sortino Ratio Rank: 20
FEURX Omega Ratio Rank: 28
FEURX Calmar Ratio Rank: 35
FEURX Martin Ratio Rank: 23

USERX

USERX Risk / Return Rank: 32
USERX Sharpe Ratio Rank: 37
USERX Sortino Ratio Rank: 25
USERX Omega Ratio Rank: 32
USERX Calmar Ratio Rank: 41
USERX Martin Ratio Rank: 25

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. USERX - 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 Gold & Precious Metals Fund (USERX). 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	USERX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.77	-0.22
Sortino ratio: Return per unit of downside risk	1.90	2.10	-0.20
Omega ratio: Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio: Return relative to maximum drawdown	2.21	2.42	-0.21
Martin ratio: Return relative to average drawdown	5.77	6.24	-0.47
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. USERX - Sharpe Ratio Comparison

The current FEURX Sharpe Ratio is 1.55, which is comparable to the USERX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of FEURX and USERX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEURX	USERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.77	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.56	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.01	+0.58

Drawdowns

FEURX vs. USERX - Drawdown Comparison

The maximum FEURX drawdown since its inception was -36.99%, smaller than the maximum USERX drawdown of -97.74%. Use the drawdown chart below to compare losses from any high point for FEURX and USERX.

Drawdown Indicators

	FEURX	USERX	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	-97.74%	+60.75%
Max Drawdown (1Y) Largest decline over 1 year	-26.66%	-32.20%	+5.54%
Max Drawdown (3Y) Largest decline over 3 years	-26.66%	-32.20%	+5.54%
Max Drawdown (5Y) Largest decline over 5 years	-33.93%	-43.45%	+9.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.45%	—
Current Drawdown Current decline from peak	-21.61%	-42.81%	+21.20%
Average Drawdown Average peak-to-trough decline	-12.71%	-75.03%	+62.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.21%	12.46%	-2.25%

Volatility

FEURX vs. USERX - Volatility Comparison

The current volatility for First Eagle Gold Fund Class R6 (FEURX) is 11.69%, while U.S. Global Investors Gold & Precious Metals Fund (USERX) has a volatility of 14.30%. This indicates that FEURX experiences smaller price fluctuations and is considered to be less risky than USERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEURX	USERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.69%	14.30%	-2.61%
Volatility (6M) Calculated over the trailing 6-month period	32.28%	36.60%	-4.32%
Volatility (1Y) Calculated over the trailing 1-year period	38.45%	44.33%	-5.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.75%	33.19%	-4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.99%	33.96%	-6.97%

FEURX vs. USERX - Expense Ratio Comparison

FEURX has a 0.81% expense ratio, which is lower than USERX's 1.52% expense ratio.

Dividends

FEURX vs. USERX - Dividend Comparison

FEURX's dividend yield for the trailing twelve months is around 1.21%, less than USERX's 5.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEURX First Eagle Gold Fund Class R6	1.21%	1.26%	5.39%	1.17%	0.00%	1.30%	1.53%	0.16%	0.00%	0.00%	0.00%	0.00%
USERX U.S. Global Investors Gold & Precious Metals Fund	5.55%	2.95%	1.48%	0.00%	0.00%	2.13%	2.68%	0.00%	1.76%	0.00%	0.88%	0.47%

Frequently Asked Questions

Can I hold both FEURX and USERX in my portfolio?

With a correlation of 0.95, FEURX and USERX 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 USERX?

USERX has higher volatility (14.30%) compared to FEURX (11.69%). In terms of maximum drawdown, FEURX dropped -36.99% vs USERX's -97.74%.

Which has better risk-adjusted returns?

USERX currently has the higher Sharpe Ratio (1.77 vs 1.55), 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.