FPAG vs IVV
FPA Global Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FPAG delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FPAG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $611M | $907.0B | |
| Dividend Yield | 1.30% | 1.10% | |
| Holdings | 70 | 508 | |
| YTD Return | +13.43% | +13.22% | |
| 1Y Return | +22.58% | +21.62% | |
| 3Y Return (annualized) | +22.38% | +22.17% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 17.0% | 15.1% | |
| Max Drawdown | -28.4% | -56.5% | |
| Fund Family | FPA Investors First | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2021 | May 15, 2000 |
FPAG vs IVV Performance
FPA Global Equity ETF (FPAG) is a ETF from FPA Investors First and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FPAG returned +22.58% while IVV returned +21.62%. Year to date, FPAG is up 13.43% versus a gain of 13.22% for IVV.
Over three years, FPAG compounded at +22.38% per year against +22.17% for IVV. Across the full 5-year window we track, FPAG has the edge at +13.61% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPAG has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 15.1% for IVV. 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 -28.4% for FPAG 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FPAG charges 0.49% per year while IVV charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, FPAG currently yields 1.30% against 1.10% for IVV.
Holdings Overlap
FPAG and IVV share 27 holdings out of 542 unique holdings combined, representing a 13.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FPAG or IVV?
FPAG has an expense ratio of 0.49% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, FPAG or IVV?
Over the past year FPAG returned +22.58% vs +21.62% for IVV, so FPAG leads on 1-year performance. Over the longest common window we track (5 years), FPAG annualized +13.61% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, FPAG or IVV?
FPAG has been the more volatile fund at 17.0% annualized versus 15.1% for IVV. Worst drawdown: FPAG -28.4% vs IVV -56.5%.
Should I hold both FPAG and IVV?
FPAG and IVV have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FPAG and IVV?
FPAG and IVV share 27 common holdings with a 13.5% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, FPAG or IVV?
FPAG yields 1.30% while IVV yields 1.10%, so FPAG currently pays the higher dividend yield.
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