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FEVIX vs. FDUAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEVIX vs. FDUAX

Last updated Jun 23, 2026

FEVIX (First Eagle U.S. Value Fund) and FDUAX (First Eagle Short Duration High Yield Municipal Fund Class A) are both mutual funds - FEVIX is a Diversified Portfolio fund managed by First Eagle, while FDUAX is a High Yield Muni fund actively managed by First Eagle. Over the past year, FEVIX returned 16.31% vs 2.29% for FDUAX. At a 0.16 correlation, their price movements are largely independent. FEVIX charges 0.83%/yr vs 0.87%/yr for FDUAX.

Performance

FEVIX vs. FDUAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle U.S. Value Fund (FEVIX) and First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FEVIX achieves a 1.55% return, which is significantly lower than FDUAX's 2.04% return.

FEVIX

1D
-0.45%
1M
-3.01%
YTD
1.55%
6M
0.54%
1Y
16.31%
3Y*
15.05%
5Y*
10.73%
10Y*
10.57%

FDUAX

1D
0.00%
1M
1.37%
YTD
2.04%
6M
2.59%
1Y
2.29%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEVIX vs. FDUAX - Yearly Performance Comparison

2026 (YTD)20252024
FEVIX
First Eagle U.S. Value Fund		1.55%22.95%16.72%
FDUAX
First Eagle Short Duration High Yield Municipal Fund Class A		2.04%1.20%6.66%

Correlation

The correlation between FEVIX and FDUAX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

Correlation (All Time)
Calculated using the full available price history since Jan 17, 2024

0.16

The correlation between FEVIX and FDUAX shifts across timeframes, from 0.16 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

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First Eagle U.S. Value Fund

First Eagle Short Duration High Yield Municipal Fund Class A

Often compared with FEVIX:
FEVIX vs. SVAIXFEVIX vs. CGDVFEVIX vs. IWDFEVIX vs. DODGXFEVIX vs. SGENXFEVIX vs. VOOFEVIX vs. OMFL
Often compared with FDUAX:
FDUAX vs. TMNIXFDUAX vs. FEBIXFDUAX vs. NMZFDUAX vs. SGOVXFDUAX vs. FEHIXFDUAX vs. SGOIXFDUAX vs. BATEX

Return for Risk

FEVIX vs. FDUAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEVIX
FEVIX Risk / Return Rank: 3030
Overall Rank
FEVIX Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
FEVIX Sortino Ratio Rank: 3131
Sortino Ratio Rank
FEVIX Omega Ratio Rank: 3131
Omega Ratio Rank
FEVIX Calmar Ratio Rank: 2828
Calmar Ratio Rank
FEVIX Martin Ratio Rank: 2626
Martin Ratio Rank
FDUAX
FDUAX Risk / Return Rank: 99
Overall Rank
FDUAX Sharpe Ratio Rank: 99
Sharpe Ratio Rank
FDUAX Sortino Ratio Rank: 88
Sortino Ratio Rank
FDUAX Omega Ratio Rank: 1414
Omega Ratio Rank
FDUAX Calmar Ratio Rank: 77
Calmar Ratio Rank
FDUAX Martin Ratio Rank: 88
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.

FEVIX vs. FDUAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle U.S. Value Fund (FEVIX) and First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX). 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.

FEVIXFDUAXDifference
Sharpe ratioReturn per unit of total volatility
1.55
0.72

+0.82

Sortino ratioReturn per unit of downside risk
2.16
1.00

+1.15

Omega ratioGain probability vs. loss probability

1.27

1.18

+0.09

Calmar ratioReturn relative to maximum drawdown

1.84

0.67

+1.17

Martin ratioReturn relative to average drawdown

5.66

2.09

+3.57

FEVIX vs. FDUAX - Sharpe Ratio Comparison

The current FEVIX Sharpe Ratio is 1.55, which is higher than the FDUAX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of FEVIX and FDUAX, 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

FEVIX vs. FDUAX - Drawdown Comparison

The maximum FEVIX drawdown since its inception was -36.44%, which is greater than FDUAX's maximum drawdown of -3.96%. Use the drawdown chart below to compare losses from any high point for FEVIX and FDUAX.

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Drawdown Indicators

FEVIXFDUAXDifference

Max Drawdown

Largest peak-to-trough decline

-36.44%

-3.96%

-32.48%

Max Drawdown (1Y)

Largest decline over 1 year

-8.72%

-3.43%

-5.29%

Max Drawdown (3Y)

Largest decline over 3 years

-10.47%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-19.34%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-29.97%

—

—

Current Drawdown

Current decline from peak

-6.71%

0.00%

-6.71%

Average Drawdown

Average peak-to-trough decline

-4.04%

-0.71%

-3.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

1.10%

+1.72%

Volatility

FEVIX vs. FDUAX - Volatility Comparison

First Eagle U.S. Value Fund (FEVIX) has a higher volatility of 3.40% compared to First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX) at 0.64%. This indicates that FEVIX's price experiences larger fluctuations and is considered to be riskier than FDUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEVIXFDUAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.40%

0.64%

+2.76%

Volatility (6M)

Calculated over the trailing 6-month period

8.32%

1.80%

+6.52%

Volatility (1Y)

Calculated over the trailing 1-year period

10.35%

3.18%

+7.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.54%

3.24%

+9.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.82%

3.24%

+10.58%

FEVIX vs. FDUAX - Expense Ratio Comparison

FEVIX has a 0.83% expense ratio, which is lower than FDUAX's 0.87% expense ratio.

Dividends

FEVIX vs. FDUAX - Dividend Comparison

FEVIX's dividend yield for the trailing twelve months is around 9.32%, more than FDUAX's 5.17% yield.

PositionTTM20252024202320222021202020192018201720162015
FDUAX
First Eagle Short Duration High Yield Municipal Fund Class A		5.17%4.83%3.84%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FEVIX
First Eagle U.S. Value Fund		9.32%9.46%6.79%6.67%8.32%9.28%1.93%8.58%16.27%9.09%8.76%5.07%

Frequently Asked Questions

FEVIX and FDUAX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FEVIX has higher volatility (3.40%) compared to FDUAX (0.64%). In terms of maximum drawdown, FEVIX dropped -36.44% vs FDUAX's -3.96%.

FEVIX currently has the higher Sharpe Ratio (1.55 vs 0.72), 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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