USFE vs. FEOE

Last updated Aug 2, 2026

USFE (First Eagle US Equity ETF) and FEOE (First Eagle Overseas Equity ETF) are both exchange-traded funds - USFE is a Large Cap Value Equities fund actively managed by First Eagle, while FEOE is a Foreign Large Cap Equities fund actively managed by First Eagle. Both are actively managed. Their 0.54 correlation means they have sometimes moved together and sometimes differently. USFE charges 0.45%/yr vs 0.50%/yr for FEOE.

Performance

USFE vs. FEOE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle US Equity ETF (USFE) and First Eagle Overseas Equity ETF (FEOE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USFE

• 1D: 0.75%
• 1M: 2.24%
• 6M: 1.75%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FEOE

• 1D: -0.93%
• 1M: 2.84%
• 6M: 7.81%
• YTD: 14.41%
• 1Y: 33.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEOE First Eagle Overseas Equity ETF	$12.42M	$12.85M	$12.91M
USFE First Eagle US Equity ETF	$20.50K	$27.24K	$14.41K

USFE vs. FEOE - Yearly Performance Comparison

	2026 (YTD)
USFE First Eagle US Equity ETF	1.63%
FEOE First Eagle Overseas Equity ETF	6.98%

Correlation

The correlation between USFE and FEOE is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.54

Return for Risk

USFE vs. FEOE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USFE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FEOE

FEOE Risk / Return Rank: 84
FEOE Sharpe Ratio Rank: 90
FEOE Sortino Ratio Rank: 86
FEOE Omega Ratio Rank: 89
FEOE Calmar Ratio Rank: 79
FEOE Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USFE vs. FEOE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle US Equity ETF (USFE) and First Eagle Overseas Equity ETF (FEOE). 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.

	USFE	FEOE	Difference
Sharpe ratio: Return per unit of total volatility	—	2.26	—
Sortino ratio: Return per unit of downside risk	—	2.90	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	2.80	—
Martin ratio: Return relative to average drawdown	—	9.26	—

Drawdowns

USFE vs. FEOE - Drawdown Comparison

The maximum USFE drawdown since its inception was -9.37%, smaller than the maximum FEOE drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for USFE and FEOE.

Drawdown Indicators

	USFE	FEOE	Difference
Max Drawdown Largest peak-to-trough decline	-9.37%	-12.27%	+2.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.27%	—
Current Drawdown Current decline from peak	-1.48%	-0.93%	-0.55%
Average Drawdown Average peak-to-trough decline	-3.83%	-1.95%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.70%	—

Volatility

Volatility by Period

	USFE	FEOE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	15.23%	-2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	15.66%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.29%	15.66%	-3.37%

USFE vs. FEOE - Expense Ratio Comparison

USFE has a 0.45% expense ratio, which is lower than FEOE's 0.50% expense ratio.

Dividends

USFE vs. FEOE - Dividend Comparison

USFE has not paid dividends to shareholders, while FEOE's dividend yield for the trailing twelve months is around 1.33%.

Position	TTM	2025
FEOE First Eagle Overseas Equity ETF	1.33%	1.53%
USFE First Eagle US Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both USFE and FEOE in my portfolio?

USFE and FEOE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USFE or FEOE?

On fees, USFE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USFE or FEOE?

USFE is cheaper with a 0.45% expense ratio, compared with 0.50% for FEOE.

Which ETF pays a higher dividend yield, USFE or FEOE?

FEOE has the higher dividend yield at 1.33%, compared with 0.00% for USFE.

What is the main difference between USFE and FEOE?

USFE is categorized as Large Cap Value Equities, while FEOE is Foreign Large Cap Equities. Their fees differ too: 0.45% for USFE and 0.50% for FEOE.