First Eagle Gold Fund Volatility

SGGDX Fund

USD 56.95 0.22 0.39%

The current volatility backdrop is described by 27 technical indicators. Over the last 3 months, First Eagle Gold maintains elevated price volatility. First Eagle Gold posts a Sharpe ratio of -0.0117, suggesting weak return efficiency over the last 3 months.

Sharpe Ratio = -0.0117

High Returns	Best Equity
Good Returns
Average Returns
Small Returns
Cash	Small Risk	Average Risk	High Risk	Huge Risk
Negative Returns		SGGDX

First Eagle Gold (SGGDX) recorded a Market Risk Adjusted Performance of -0.1%, a Risk of 3.32, and a Risk Adjusted Performance of 0.02%. FIRST EAGLE is below its full potential per monthly moving average analysis. Pairing it with a well-diversified portfolio structure may improve overall efficiency. Correlation structure between FIRST EAGLE and other holdings determines the diversification benefit. The risk-reduction potential of adding FIRST EAGLE to a diversified portfolio can be quantified.

Key indicators related to FIRST EAGLE's volatility include:

90 Days Market Risk

Very Low

Chance Of Distress

Low

90 Days Economic Sensitivity

Moves slightly opposite to the market

Understanding FIRST EAGLE's historical volatility sets realistic expectations for FIRST EAGLE's future price range. Investors use volatility estimates to size positions, set stop-loss levels, and price the cost of hedging FIRST EAGLE exposure. Volatility analysis for FIRST EAGLE is most actionable when combined with directional views. High financial distress probability for FIRST EAGLE amplifies the risk of extreme downside scenarios.

Volatility Strategy

First Eagle Gold return fluctuations can modify its marginal contribution to total portfolio variance. Allocation size and correlation determine overall impact. Current statistical measures show total volatility near 3.32% with a beta coefficient of -0.6, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of -0.0117, evaluates return per unit of total risk. An alpha value of 0.0255 reflects performance relative to systematic market exposure. Expected return estimates near -0.0387% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Volatility effects depend on underlying market structure and exposure characteristics.

Main indicators related to FIRST EAGLE's market risk premium analysis include:

Beta

-0.60

Alpha

0.0255

Risk

3.32

Sharpe Ratio

-0.01

Expected Return

-0.04

Moving together with FIRST Mutual Fund

0.84	FEBIX	First Eagle Global	Pair Corr
0.87	FEBCX	First Eagle Global	Pair Corr
0.78	FEAMX	First Eagle Fund	Pair Corr
0.78	FEAIX	First Eagle Fund	Pair Corr
0.78	FEFRX	First Eagle Fund	Pair Corr
0.84	FEGRX	First Eagle Global	Pair Corr
0.92	FEGIX	First Eagle Gold	Pair Corr
0.73	FEHIX	First Eagle High	Pair Corr
0.71	FEHCX	First Eagle High	Pair Corr
0.68	FEMAX	First Eagle Smid	Pair Corr
0.84	FEORX	First Eagle Overseas	Pair Corr
0.8	FEREX	First Eagle Funds	Pair Corr
0.84	SGIIX	First Eagle Global	Pair Corr
0.83	FERAX	First Eagle Funds	Pair Corr
0.84	FESGX	First Eagle Global	Pair Corr
0.73	FESCX	First Eagle Small	Pair Corr
0.73	FESRX	First Eagle Small	Pair Corr
0.84	SGOIX	First Eagle Overseas	Pair Corr
0.84	FEVIX	First Eagle Value	Pair Corr
0.83	FEVCX	First Eagle Value	Pair Corr
0.83	FEVAX	First Eagle Value	Pair Corr
0.92	FEURX	First Eagle Gold	Pair Corr
0.68	FEXRX	First Eagle Smid	Pair Corr
0.65	FPMMX	First Eagle Core	Pair Corr
0.92	FEGOX	First Eagle Gold	Pair Corr
0.91	FSAGX	Gold Portfolio Gold	Pair Corr
0.99	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.9	OGMCX	Oppenheimer Gold Special	Pair Corr
0.95	FKRCX	Franklin Gold Precious	Pair Corr

Sensitivity To Market

First Eagle Gold exhibits a beta of -0.6, representing its market-relative sensitivity based on regression modeling. Beta quantifies systematic risk by measuring the slope of asset returns against benchmark returns. Overall return volatility is approximately 3.32%.Volatility metrics for First Eagle Gold describe how stable or unstable returns have been over the selected window. Current downside deviation is about 4.46%. Portfolio turnover and allocation changes can alter fund volatility over time.

Check current 90 days FIRST EAGLE correlation with market (Dow Jones Industrial)

0.03

-0.5996

Competition

3 Months Beta |Analyze First Eagle Gold Demand Trend

Check current 90 days FIRST EAGLE correlation with market (Dow Jones Industrial)

Downside Risk

For FIRST, standard deviation measures the dispersion of daily prices from the mean over a chosen time horizon. Volatile instruments show high standard deviation; stable instruments show low. Standard deviation for FIRST provides a measure of daily price dispersion around the mean. Standard deviation for FIRST allows comparison of risk levels across different time horizons.

Standard Deviation

3.32

Distinguishing between standard deviation and downside deviation sharpens the risk picture for FIRST EAGLE. Upside risk is measured by FIRST EAGLE's standard deviation, while downside risk is captured by downside deviation of FIRST EAGLE's returns. Standard deviation and downside deviation for FIRST EAGLE measure different things — total dispersion vs. loss-only dispersion. Semi-deviation and downside deviation focus on the loss risk embedded in FIRST EAGLE's returns. First Eagle Gold (SGGDX) recorded a Downside Deviation of 4.46, a Downside Variance of 19.88, and a Maximum Drawdown of 18.20.

Mutual Fund Volatility Analysis

For investors tracking FIRST EAGLE, understanding volatility is essential to managing portfolio risk. It indicates how dramatically FIRST EAGLE's price swings over a specific time horizon. For traders and investors in FIRST EAGLE, volatility is both a risk factor and a source of opportunity. Sharp price movements in FIRST EAGLE's can be triggered by earnings surprises, macroeconomic data, or sector trends.

Transformation

This analysis covers sixty-one data points across the selected time horizon. First Eagle Gold Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

Projected Return Density Against Market

Assuming a 90-day horizon First Eagle Gold has a beta of -0.5996 . This usually implies that as returns on the benchmark increase, returns on FIRST EAGLE tend to move in the opposite direction, though by a smaller magnitude. During a bear market, however, First Eagle Gold is likely to outperform the market.

Investors in FIRST EAGLE face systematic risk from overall mutual fund market trends and unsystematic risk from company or sector-specific developments. Diversification reduces specific exposure, but macro-driven volatility persists. Beta remains a common sensitivity metric. First Eagle Gold (SGGDX) recorded a Downside Deviation of 4.46, a Mean Deviation of 2.31, and a Semi Deviation of 4.35.

First Eagle Gold has an alpha of 0.0255, implying that it can generate a 0.0255 percent excess return over Dow Jones Industrial after adjusting for the inherent market risk (beta).

Predicted Return Distribution

Density

FIRST EAGLE's volatility is typically evaluated with standard deviation and beta. Standard deviation reflects how far FIRST EAGLE's returns usually move from the mean over the selected horizon.

What Drives FIRST EAGLE's Price Volatility?

Industry Dynamics

FIRST EAGLE's volatility can rise when competitive dynamics or demand conditions shift across the First Eagle sector.

Political and Economic Environment

Changes in fiscal policy, rates, and growth expectations affect market-wide risk premiums and spill into FIRST EAGLE's trading.

FIRST EAGLE's Company-Specific Factors

Event risk around earnings, forecasts, and operating performance can create abrupt price dispersion in FIRST EAGLE.

Mutual Fund Risk Measures

Assuming a 90-day horizon the coefficient of variation of FIRST EAGLE is -8576.13. The daily returns are distributed with a variance of 11.02 and standard deviation of 3.32. The mean deviation of First Eagle Gold is currently at 2.41. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.82

α	Alpha over Dow Jones	0.03	Details
β	Beta against Dow Jones	-0.5996	Details
σ	Overall volatility	3.32	Details
Ir	Information ratio	0.04	Details

Mutual Fund Return Volatility

FIRST EAGLE return volatility captures the typical daily swing in fund returns relative to the mean over the selected period. The fund has volatility of 3.3201% on return distribution over a 90-day investment horizon. Meanwhile, Dow Jones Industrial has volatility of 0.8467% on return distribution over a 90-day investment horizon.

Performance

Timeline

Related Correlations Analysis

	FEGOX	BALPX	FAKTX	ANOIX	ANONX	GSSIX	TCLNX	TMCTX	RMUNX	TMLCX
FEGOX		0.46	0.86	0.37	0.38	0.74	0.59	0.36	0.64	0.62	FEGOX
BALPX	0.46		0.32	0.22	0.22	0.2	0.12	0.06	0.47	0.11	BALPX
FAKTX	0.86	0.32		0.53	0.54	0.91	0.77	0.59	0.73	0.82	FAKTX
ANOIX	0.37	0.22	0.53		1.0	0.58	0.77	0.94	0.18	0.84	ANOIX
ANONX	0.38	0.22	0.54	1.0		0.58	0.77	0.94	0.19	0.84	ANONX
GSSIX	0.74	0.2	0.91	0.58	0.58		0.74	0.65	0.58	0.77	GSSIX
TCLNX	0.59	0.12	0.77	0.77	0.77	0.74		0.83	0.43	0.88	TCLNX
TMCTX	0.36	0.06	0.59	0.94	0.94	0.65	0.83		0.24	0.89	TMCTX
RMUNX	0.64	0.47	0.73	0.18	0.19	0.58	0.43	0.24		0.45	RMUNX
TMLCX	0.62	0.11	0.82	0.84	0.84	0.77	0.88	0.89	0.45		TMLCX
	FEGOX	BALPX	FAKTX	ANOIX	ANONX	GSSIX	TCLNX	TMCTX	RMUNX	TMLCX

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

FIRST EAGLE Mutual Fund can look attractive on recent price action while risk efficiency lags the peer group. Reviewing FIRST EAGLE's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEGOX	2.35	0.18	0.03	0.07	4.35	-1.95	4.57	-5.58	18.19
BALPX	0.14	0.00	0.26	0.01	0.13	-0.19	0.30	-0.30	1.02
FAKTX	0.26	0.02	0.12	0.00	0.38	-0.25	0.55	-0.76	1.87
ANOIX	0.96	0.04	0.00	-0.02	0.00	0.00	1.64	-2.01	7.13
ANONX	0.96	0.04	0.00	-0.02	0.00	0.00	1.64	-2.01	7.09
GSSIX	0.86	0.11	0.08	0.04	1.11	-0.82	1.49	-1.91	5.33
TCLNX	0.46	-0.06	0.00	-0.17	0.00	0.00	0.67	-1.14	4.16
TMCTX	0.85	-0.03	0.00	-0.08	0.00	0.00	1.68	-2.07	5.50
RMUNX	0.17	-0.03	0.00	0.70	0.00	0.00	0.28	-0.56	1.66
TMLCX	0.54	0.02	0.00	-0.03	0.00	0.00	0.82	-1.35	3.05

Risk Metrics, Assumptions & Methodology

Beta exposure for FIRST EAGLE estimates how much of the fund's return variability is driven by market-wide forces versus allocation-specific effects. A beta above one indicates amplified sensitivity to market swings, increasing both upside and downside exposure.

Data shown for First Eagle Gold is aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Source publication timing can introduce delays. Volatility and downside metrics are estimated from historical return dispersion.

This content is curated and reviewed by:

Raphi Shpitalnik - Junior Member of Macroaxis Editorial Board

Last reviewed on March 3rd, 2026

FIRST EAGLE Investment Opportunity

Measured over the selected horizon, First Eagle Gold carries roughly 3.91 times the return volatility of Dow Jones Industrial. Used properly, this comparison frames whether the extra volatility is strategic or simply uncompensated risk.You can use First Eagle Gold to enhance the returns of the portfolio. This directional read frames the latest price swing through a simple momentum and follow-through lens. It is most useful when combined with broader risk controls and position-sizing discipline. a normal upward fluctuation. Check odds of FIRST EAGLE to be traded at $59.8 in 90 days.

Moderate diversification

The correlation between FIRST EAGLE and Dow Jones is 0.28, which Macroaxis classifies as Moderate diversification for the selected horizon. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding FIRST EAGLE alone.

View Details

FIRST EAGLE Additional Risk Indicators

Secondary risk indicators for First Eagle Gold can help investors evaluate exposure beyond standard deviation, beta, or one headline volatility measure. The practical goal is to identify how much risk is being accepted and whether that risk still fits the thesis.

	Risk Adjusted Performance	0.025
	Market Risk Adjusted Performance	-0.09
	Mean Deviation	2.31
	Semi Deviation	4.35
	Downside Deviation	4.46
	Coefficient Of Variation	4690.47
	Standard Deviation	3.23

FIRST EAGLE Suggested Diversification Pairs

Using FIRST EAGLE in a pair-trading setup can improve risk control because gains and losses are judged against a second position instead of against the market alone. The advantage is that adverse movement in one leg may be partly offset by the other when correlation and thesis alignment hold.

	Visa vs. FIRST EAGLE
	Salesforce vs. FIRST EAGLE
	Citigroup vs. FIRST EAGLE
	Microsoft vs. FIRST EAGLE
	Walker Dunlop vs. FIRST EAGLE
	SentinelOne vs. FIRST EAGLE
	Dupont De vs. FIRST EAGLE
	GM vs. FIRST EAGLE

While pairing positions reduces portfolio risk, some forms of risk persist no matter which instruments are combined. No matter how well a pair is constructed around FIRST EAGLE, market-wide risk remains. What pair trading can address is FIRST EAGLE's unsystematic risk - the portion driven by company or sector-specific factors rather than broad market forces.

Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC