FEVIX vs. IWD
FEVIX (First Eagle U.S. Value Fund) and IWD (iShares Russell 1000 Value ETF) are both funds - FEVIX is a Diversified Portfolio fund managed by First Eagle, while IWD is a Large Cap Value Equities fund tracking the Russell 1000 Value Index. Over the past 10 years, FEVIX returned 10.57%/yr vs 11.73%/yr for IWD. Their correlation of 0.90 suggests significant overlap in exposure. FEVIX charges 0.83%/yr vs 0.18%/yr for IWD.
Performance
FEVIX vs. IWD - Performance Comparison
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Returns By Period
In the year-to-date period, FEVIX achieves a 1.55% return, which is significantly lower than IWD's 16.59% return. Over the past 10 years, FEVIX has underperformed IWD with an annualized return of 10.57%, while IWD has yielded a comparatively higher 11.73% annualized 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%
IWD
- 1D
- 0.56%
- 1M
- 3.38%
- YTD
- 16.59%
- 6M
- 15.96%
- 1Y
- 30.67%
- 3Y*
- 18.83%
- 5Y*
- 11.26%
- 10Y*
- 11.73%
FEVIX vs. IWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEVIX First Eagle U.S. Value Fund | 1.55% | 22.95% | 15.94% | 14.64% | -5.45% | 18.89% | 6.80% | 19.72% | -5.56% | 13.02% |
IWD iShares Russell 1000 Value ETF | 16.59% | 15.68% | 14.17% | 11.34% | -7.75% | 24.95% | 2.73% | 26.12% | -8.45% | 13.45% |
Correlation
The correlation between FEVIX and IWD is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2001 | 0.90 |
The correlation between FEVIX and IWD shifts across timeframes, from 0.74 (1 year) to 0.91 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FEVIX vs. IWD — Risk / Return Rank
FEVIX
IWD
FEVIX vs. IWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle U.S. Value Fund (FEVIX) and iShares Russell 1000 Value ETF (IWD). 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.
| FEVIX | IWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.49 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 4.54 | -2.70 |
| Martin ratioReturn relative to average drawdown | 5.66 | 18.84 | -13.18 |
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Drawdowns
FEVIX vs. IWD - Drawdown Comparison
The maximum FEVIX drawdown since its inception was -36.44%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for FEVIX and IWD.
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Drawdown Indicators
| FEVIX | IWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -60.10% | +23.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -6.79% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -10.47% | -15.71% | +5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -19.04% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -29.97% | -38.51% | +8.54% |
Current DrawdownCurrent decline from peak | -6.71% | -0.10% | -6.61% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -8.64% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.63% | +1.19% |
Volatility
FEVIX vs. IWD - Volatility Comparison
The current volatility for First Eagle U.S. Value Fund (FEVIX) is 3.40%, while iShares Russell 1000 Value ETF (IWD) has a volatility of 3.95%. This indicates that FEVIX experiences smaller price fluctuations and is considered to be less risky than IWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEVIX | IWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.95% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 8.59% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 11.23% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.54% | 14.83% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 17.32% | -3.50% |
FEVIX vs. IWD - Expense Ratio Comparison
FEVIX has a 0.83% expense ratio, which is higher than IWD's 0.18% expense ratio.
Dividends
FEVIX vs. IWD - Dividend Comparison
FEVIX's dividend yield for the trailing twelve months is around 9.32%, more than IWD's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IWD iShares Russell 1000 Value ETF | 1.44% | 1.69% | 1.87% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.09% | 2.25% | 2.47% |
Frequently Asked Questions
FEVIX and IWD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWD has higher volatility (3.95%) compared to FEVIX (3.40%). In terms of maximum drawdown, FEVIX dropped -36.44% vs IWD's -60.10%.
IWD currently has the higher Sharpe Ratio (2.75 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.
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