FEGE vs IVV
First Eagle Global Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FEGE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FEGE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $2.2B | $865.2B | |
| Dividend Yield | 1.21% | 1.09% | |
| Holdings | 95 | 508 | |
| YTD Return | +12.64% | +13.43% | |
| 1Y Return | +29.02% | +22.61% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 11.8% | 15.1% | |
| Max Drawdown | -11.1% | -56.5% | |
| Fund Family | First Eagle Investments | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 19, 2024 | May 15, 2000 |
FEGE vs IVV Performance
First Eagle Global Equity ETF (FEGE) is a ETF from First Eagle Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FEGE returned +29.02% while IVV returned +22.61%. Year to date, FEGE is up 12.64% versus a gain of 13.43% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.8% for FEGE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.1% for FEGE and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FEGE charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, FEGE currently yields 1.21% against 1.09% for IVV.
Holdings Overlap
FEGE and IVV share 36 holdings out of 563 unique holdings combined, representing a 10.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FEGE or IVV?
FEGE has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, FEGE or IVV?
Over the past year FEGE returned +29.02% vs +22.61% for IVV, so FEGE leads on 1-year performance. Over the longest common window we track (2 years), FEGE annualized +28.60% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, FEGE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.8% for FEGE. Worst drawdown: FEGE -11.1% vs IVV -56.5%.
Should I hold both FEGE and IVV?
FEGE and IVV have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FEGE and IVV?
FEGE and IVV share 36 common holdings with a 10.0% weight overlap. Combined, they hold 563 unique securities.
Which pays a higher dividend, FEGE or IVV?
FEGE yields 1.21% while IVV yields 1.09%, so FEGE currently pays the higher dividend yield.
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