FPAG vs SCHD
FPA Global Equity ETF vs Schwab US Dividend Equity ETF
Which is better, FPAG or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. FPAG led over 3Y and the full window, SCHD over 1Y. FPAG is less concentrated, with 33.9% of the fund in its ten largest positions against 41.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FPAG | SCHD |
|---|---|---|
| Expense Ratio | 0.49% | 0.06%Best |
| AUM | $624M | $112.2B |
| Dividend Yield | 1.30% | 3.13% |
| Holdings | 65 | 103 |
| YTD Return | +13.87% | +27.56%Best |
| 1Y Return | +20.32% | +30.29%Best |
| 3Y Return (annualized) | +22.17%Best | +16.37% |
| 5Y Return (annualized) | - | +10.23% |
| Volatility (annualized) | 16.9% | 14.7%Best |
| Max Drawdown | -28.4% | -16.9%Best |
| $10,000 over 4.7 years | $18,186Best | $15,604 |
| Top 10 Weight | 33.9%Best | 41.5% |
| Fund Family | FPA Investors First | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Dec 16, 2021 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Dec 17, 2021 to Sep 4, 2026 (4.7 years).
FPAG vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.7 years both funds cover.
FPAG vs SCHD Performance
FPA Global Equity ETF (FPAG) is an ETF from FPA Investors First and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FPAG returned +20.32% while SCHD returned +30.29%. Year to date, FPAG is up 13.87% versus a gain of 27.56% for SCHD.
Over three years, FPAG compounded at +22.17% per year against +16.37% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPAG has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 14.7% for SCHD. 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 -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FPAG charges 0.49% per year while SCHD charges 0.06%. On a $10,000 position that is $49 vs $6 annually, a gap of $43 per year that compounds over a long holding period. On income, FPAG currently yields 1.30% against 3.13% for SCHD.
Holdings Overlap
5.2% of FPAG's money is in holdings SCHD also owns. 6.7% of SCHD's money is in holdings FPAG also owns.
SCHD and FPAG share little of their money.
3 positions in common, counted across the 64 positions we hold weights for in FPAG and 100 in SCHD, against full books of 65 and 103.
What only one of them owns
Our book lists 96 positions for SCHD that do not appear in our book for FPAG (93.3% of the fund), and 34 for FPAG that do not appear in SCHD (56.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FPAG and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FPAG or SCHD?
FPAG has an expense ratio of 0.49% while SCHD charges 0.06%. SCHD is the cheaper option, by $43 a year on a $10,000 investment.
Which performed better, FPAG or SCHD?
Over the past year FPAG returned +20.32% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPAG or SCHD?
FPAG has been the more volatile fund at 16.9% annualized versus 14.7% for SCHD. Worst drawdown: FPAG -28.4% vs SCHD -16.9%.
Should I hold both FPAG and SCHD?
FPAG and SCHD have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FPAG and SCHD?
6.7% of SCHD's money is in holdings FPAG also owns. 6.7% of SCHD's is in holdings FPAG also owns. They hold 3 positions in common, counted across the 64 positions we hold weights for in FPAG and 100 in SCHD.
Which pays a higher dividend, FPAG or SCHD?
FPAG yields 1.30% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FPAG?
SCHD has a lower expense ratio. FPAG led over 3Y and the full window, SCHD over 1Y. FPAG is less concentrated, with 33.9% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.