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FEGE vs HWO

First Eagle Global Equity ETF

FEGEANYSE

Hotchkis & Wiley Opportunities Fund

HWODNasdaq

Overlap

Expense ratio

FEGE −0.40pt a year

FEGE0.50%HWO0.90%

Avg volume · 30D

FEGE 1256.2×the volume

FEGE345KHWO275

FEGE vs HWO Performance

Jul 31, 2026 – Oct 30, 2026

+1.9%FEGE+5.6%HWO

Jul 31, 2026 to Oct 30, 2026. FEGE +1.9%. HWO +5.6%. Use the arrow keys to read each point.−2%0%4%Jul 2026Sep 2026Oct 2026
Expense ratio
FEGE 0.50%, better
HWO 0.90%
Fund size
FEGE $2.72B
HWO $1M
1Y total return
FEGE +18.7%
HWO No data
Holdings
FEGE 99
HWO 58
Avg volume (30D)
FEGE 345K sh, better
HWO 275 sh
NAV per share
FEGE $51.65
HWO $27.36
52W range

ETF.net Grade

FEGE: Cost 82, Risk 54, Mission not scored, Tradability 71, Holdings 83, Durability 75. HWO: Cost 18, Risk 88, Mission not scored, Tradability 29, Holdings 46, Durability 21.
Pillar letters and Scores for FEGE, HWO, with each pillar’s weight
PillarFEGEHWO
Cost30% weightA82HigherF18
Mission25% weightNot scoredNot scored
Risk15% weightC54A88Higher
Tradability15% weightA71HigherD29
Holdings10% weightA83HigherC46
Durability5% weightA75HigherF21

Rank among Global Active Value funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FEGE and HWO are both graded against the same 15 Global Active Value funds, so their Grades compare head to head.

Global Active Value⁠

Category · 15 funds
See all 15 ›

FEGE ranks 2nd and HWO 10th of 15 funds in the Global Active Value Category.

  1. Rank 1AAVGVAvantis All Equity Markets Value ETF 9Score 77
  2. Rank 2AFEGEFirst Eagle Global Equity ETFScore 74
  3. Rank 3ASFGVSequoia Global Value ETFScore 73
  4. Rank 9COAKGOakmark Global Large Cap ETFScore 44
  5. Rank 10DHWOHotchkis & Wiley Opportunities FundScore 37
  6. Rank 11DWBIFWBI BullBear Value 3000 ETFScore 36

Our read on each fund

ETF.net Research

FEGEAFirst Eagle Global Equity ETF

HWODHotchkis & Wiley Opportunities Fund

In short

FEGE First Eagle's global value discipline in an ETF wrapper since December 2024, with the "global" written into the rules: at least 40% of assets outside the US, spread across three or more non-US countries.

HWO No data

Stated mandate

FEGE The Fund seeks long-term growth of capital by investing primarily in equities of U.S. and non-U.S. issuers.

HWO No data

Why people hold it

  • FEGE Charges 0.50% a year, below the 0.63% median for its active global value peer group. Modest for a fund run by analysts rather than a screen.
  • Global isn't left to a manager's mood. The prospectus requires at least 80% in equities, at least 40% of assets outside the US, and issuers from three or more non-US countries.sec.gov
  • Active, not index-hugging: MSCI World is the yardstick, not the shopping list, so the book can look very different from the benchmark's mega-cap core.firsteagle.com
  • Already a multi-billion-dollar fund and one of the stronger implementations in a thin field of active global value ETFs.

HWO No data

Worth knowing

  • FEGE Launched in December 2024, so the ETF's own live record is short and risk readings rest on limited history.
  • A value portfolio with a required non-US minimum can move very differently from a US-heavy world index, and currency swings ride along.sec.gov
  • Systematic value costs less: peer AVGV charges 0.28%. The extra fee here buys human judgment on which cheap stocks are worth owning.

HWO No data

Full FEGE profile⁠

Full HWO profile⁠

FEGE vs HWO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FEGE vs HWO Cost

Overpaying HWO vs FEGE

$7,061

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FEGE 0.50%

    $9,979

  • HWO 0.90%

    $17,040

$10,000
30 years

Cost over time

  • FEGE 0.50%
  • HWO 0.90%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HWO $17,040FEGE $9,979

Year by year

YearFEGEHWOOverpaying
10$900$1,593$693
20$3,460$6,015$2,555
30$9,979$17,040$7,061

Expense ratio

  • 0.50%FEGE, cheaper
  • 0.90%HWO
  • Middle half of Global Active Value funds
  • Median 0.68%

FEGE 4th cheapest of 15 funds

HWO 12th cheapest of 15 funds

FEGE vs HWO Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
FEGE No data
HWO None
Last payment
FEGE $0.59
HWO No data
Ex-dividend
FEGE Dec 30, 2025
HWO No data
Paid on
FEGE Dec 31, 2025
HWO No data
Frequency
FEGE Irregular
HWO No data

Distribution history

Per share, 2025 to 2026, same scale for both

FEGEIrregular · 1 paymentAll FEGE payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.59. Use the arrow keys to read each point.$0$0.502026YTD
HWOAll HWO payments⁠

No distribution history available.

FEGE vs HWO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FEGE 12.7%since Jan 2025HWO No data
Return per unit of riskSharpe ratio, 3 years
FEGE 1.54since Jan 2025HWO No data
Worst fallMax drawdown, 5 years
FEGE −11.1%since Dec 2024HWO No data
Market sensitivityBeta, 5 years
FEGE 0.55HWO 0.70

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