FPAG vs SCHD
FPA Global Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | FPAG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.06% | |
| AUM | $611M | $108.7B | |
| Dividend Yield | 1.30% | 3.13% | |
| Holdings | 70 | 104 | |
| YTD Return | +14.26% | +26.54% | |
| 1Y Return | +22.87% | +30.90% | |
| 3Y Return (annualized) | +22.11% | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | 17.0% | 13.6% | |
| Max Drawdown | -28.4% | -33.4% | |
| Fund Family | FPA Investors First | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2021 | Oct 20, 2011 |
FPAG vs SCHD Performance
FPA Global Equity ETF (FPAG) is a ETF from FPA Investors First and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FPAG returned +22.87% while SCHD returned +30.90%. Year to date, FPAG is up 14.26% versus a gain of 26.54% for SCHD.
Over three years, FPAG compounded at +22.11% per year against +16.29% for SCHD. Across the full 5-year window we track, FPAG has the edge at +13.83% annualized vs +11.51%. 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 13.6% 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 -33.4% for SCHD. 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 0.77. 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
FPAG and SCHD share 3 holdings out of 161 unique holdings combined, representing a 3.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $43 per year of difference.
Which performed better, FPAG or SCHD?
Over the past year FPAG returned +22.87% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), FPAG annualized +13.83% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, FPAG or SCHD?
FPAG has been the more volatile fund at 17.0% annualized versus 13.6% for SCHD. Worst drawdown: FPAG -28.4% vs SCHD -33.4%.
Should I hold both FPAG and SCHD?
FPAG and SCHD have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FPAG and SCHD?
FPAG and SCHD share 3 common holdings with a 3.5% weight overlap. Combined, they hold 161 unique securities.
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.
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