Editor performance issues

I recently started using UE4 and have been noticing that my performance is very poor. Using the in-editor FPS monitor, it never goes above 15 fps and frequently drops below 10. When it performs operations such as compiling, I get the “fps below 10” error and it wants to reduce my graphics settings. Moving through the menus and settings also seems laggy and it makes it difficult to navigate. I’ve searched around and seen similar questions on here and in the forums, but can’t seem to find a good answer. Here are my system specs:

CPU: i7 6850k
GPU: GTX 1080
RAM: 32GB

I’m having a difficult time troubleshooting and nothing seems to improve the performance. I can’t imagine it’s my specs, and was hoping that someone has some ideas. Please let me know if you need any other information about my system.

Thanks!