GOLDX vs. FEGOX

Last updated Apr 2, 2026

Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and First Eagle Gold Fund Class C (FEGOX).

GOLDX is managed by Gabelli. It was launched on Jul 10, 1994. FEGOX is an actively managed fund by First Eagle. It was launched on May 15, 2003.

Performance

GOLDX vs. FEGOX - Performance Comparison

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

GOLDX vs. FEGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOLDX Gabelli Gold Fund	5.89%	165.59%	14.92%	7.85%	-11.02%	-8.97%	26.30%	43.94%	-14.80%	6.22%
FEGOX First Eagle Gold Fund Class C	2.40%	126.68%	9.47%	6.26%	-2.33%	-8.41%	28.65%	37.47%	-16.58%	7.37%

Returns By Period

In the year-to-date period, GOLDX achieves a 5.89% return, which is significantly higher than FEGOX's 2.40% return. Over the past 10 years, GOLDX has outperformed FEGOX with an annualized return of 17.50%, while FEGOX has yielded a comparatively lower 14.69% annualized return.

GOLDX

• 1D: 6.90%
• 1M: -22.40%
• YTD: 5.89%
• 6M: 26.14%
• 1Y: 112.30%
• 3Y*: 46.83%
• 5Y*: 25.75%
• 10Y*: 17.50%

FEGOX

• 1D: -0.11%
• 1M: -22.44%
• YTD: 2.40%
• 6M: 18.50%
• 1Y: 76.76%
• 3Y*: 34.63%
• 5Y*: 21.68%
• 10Y*: 14.69%

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

GOLDX vs. FEGOX - Expense Ratio Comparison

GOLDX has a 1.51% expense ratio, which is lower than FEGOX's 1.91% expense ratio.

FEGOX

First Eagle Gold Fund Class C

GOLDX

Gabelli Gold Fund

Return for Risk

GOLDX vs. FEGOX — Risk / Return Rank

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

GOLDX

GOLDX Risk / Return Rank: 94
GOLDX Sharpe Ratio Rank: 97
GOLDX Sortino Ratio Rank: 93
GOLDX Omega Ratio Rank: 91
GOLDX Calmar Ratio Rank: 96
GOLDX Martin Ratio Rank: 95

FEGOX

FEGOX Risk / Return Rank: 89
FEGOX Sharpe Ratio Rank: 92
FEGOX Sortino Ratio Rank: 85
FEGOX Omega Ratio Rank: 84
FEGOX Calmar Ratio Rank: 93
FEGOX Martin Ratio Rank: 91

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.

GOLDX vs. FEGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and First Eagle Gold Fund Class C (FEGOX). 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.

	GOLDX	FEGOX	Difference
Sharpe ratio Return per unit of total volatility	2.66	2.03	+0.64
Sortino ratio Return per unit of downside risk	2.82	2.29	+0.52
Omega ratio Gain probability vs. loss probability	1.42	1.35	+0.07
Calmar ratio Return relative to maximum drawdown	3.56	2.90	+0.65
Martin ratio Return relative to average drawdown	13.69	10.72	+2.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOLDX vs. FEGOX - Sharpe Ratio Comparison

The current GOLDX Sharpe Ratio is 2.66, which is higher than the FEGOX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of GOLDX and FEGOX, 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

	GOLDX	FEGOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.03	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.78	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.54	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.31	-0.07

Correlation

The correlation between GOLDX and FEGOX is 0.97, 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

GOLDX vs. FEGOX - Dividend Comparison

GOLDX's dividend yield for the trailing twelve months is around 14.70%, more than FEGOX's 0.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GOLDX Gabelli Gold Fund	14.70%	15.57%	2.11%	1.13%	0.00%	0.00%	1.69%	0.83%	0.34%	0.51%	2.18%
FEGOX First Eagle Gold Fund Class C	0.68%	0.70%	5.05%	0.22%	0.00%	0.24%	0.76%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GOLDX vs. FEGOX - Drawdown Comparison

The maximum GOLDX drawdown since its inception was -73.40%, roughly equal to the maximum FEGOX drawdown of -71.67%. Use the drawdown chart below to compare losses from any high point for GOLDX and FEGOX.

Drawdown Indicators

	GOLDX	FEGOX	Difference
Max Drawdown Largest peak-to-trough decline	-73.40%	-71.67%	-1.73%
Max Drawdown (1Y) Largest decline over 1 year	-31.96%	-26.69%	-5.27%
Max Drawdown (5Y) Largest decline over 5 years	-44.73%	-34.24%	-10.49%
Max Drawdown (10Y) Largest decline over 10 years	-49.42%	-43.08%	-6.34%
Current Drawdown Current decline from peak	-22.40%	-22.78%	+0.38%
Average Drawdown Average peak-to-trough decline	-34.57%	-31.43%	-3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.30%	7.23%	+1.07%

Volatility

GOLDX vs. FEGOX - Volatility Comparison

Gabelli Gold Fund (GOLDX) has a higher volatility of 17.80% compared to First Eagle Gold Fund Class C (FEGOX) at 13.89%. This indicates that GOLDX's price experiences larger fluctuations and is considered to be riskier than FEGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOLDX	FEGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.80%	13.89%	+3.91%
Volatility (6M) Calculated over the trailing 6-month period	35.59%	32.49%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	42.77%	38.59%	+4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.90%	28.09%	+3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.24%	27.14%	+5.10%