FPAG vs VOO
FPA Global Equity ETF vs Vanguard S&P 500 ETF
Which is better, FPAG or VOO?
Each has led over a different period.
VOO has a lower expense ratio. FPAG led over 3Y and the full window, VOO over 1Y. The two have moved almost in lockstep, correlation 0.90. FPAG is less concentrated, with 33.9% of the fund in its ten largest positions against 36.4%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.49% | 0.03%Best |
| AUM | $624M | $997.4B |
| Dividend Yield | 1.30% | 1.08% |
| Holdings | 65 | 509 |
| YTD Return | +12.68% | +12.74%Best |
| 1Y Return | +18.36% | +19.43%Best |
| 3Y Return (annualized) | +21.65%Best | +21.18% |
| 5Y Return (annualized) | - | +12.76% |
| Volatility (annualized) | 16.9% | 15.7%Best |
| Max Drawdown | -28.4% | -24.5%Best |
| $10,000 over 4.7 years | $17,976Best | $17,695 |
| Top 10 Weight | 33.9%Best | 36.4% |
| Fund Family | FPA Investors First | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 16, 2021 | Sep 7, 2010 |
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 8, 2026 (4.7 years).
FPAG vs VOO 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 VOO Performance
FPA Global Equity ETF (FPAG) is an ETF from FPA Investors First and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year FPAG returned +18.36% while VOO returned +19.43%. Year to date, FPAG is up 12.68% versus a gain of 12.74% for VOO.
Over three years, FPAG compounded at +21.65% per year against +21.18% for VOO.
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 15.7% for VOO. 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 -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VOO 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 1.08% for VOO.
Holdings Overlap
45.9% of FPAG's money is in holdings VOO also owns. 17.4% of VOO's money is in holdings FPAG also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 64 positions we hold weights for in FPAG and 504 in VOO, against full books of 65 and 509.
What only one of them owns
Our book lists 468 positions for VOO that do not appear in our book for FPAG (81.9% of the fund), and 11 for FPAG that do not appear in VOO (15.8%).
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.
Top Shared Holdings
| Stock | Weight in FPAG | Weight in VOO | Difference |
|---|---|---|---|
| GOOGAlphabet, Inc., Class C | 4.20% | 2.59% | 1.61% |
| AMZNAmazon.Com Inc | 3.05% | 3.62% | 0.57% |
| GOOGL Alphabet Inc. Class A | 2.16% | 3.25% | 1.09% |
| METAMeta Platform Inc | 2.79% | 1.92% | 0.87% |
| ADIAnalog Devices, Inc. | 3.56% | 0.30% | 3.26% |
| IFFIntl Flavors & Fragrances | 3.65% | 0.03% | 3.62% |
| CCitigroup, Inc. | 3.25% | 0.36% | 2.89% |
| BDXBecton, Dickinson And Company | 2.98% | 0.06% | 2.92% |
| AVGOBroadcom Inc | 0.24% | 2.77% | 2.53% |
| AJGArthur J Gallagher & Co. | 2.72% | 0.09% | 2.63% |
45.9% of FPAG is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FPAG or VOO?
FPAG has an expense ratio of 0.49% while VOO charges 0.03%. VOO is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, FPAG or VOO?
Over the past year FPAG returned +18.36% vs +19.43% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPAG or VOO?
FPAG has been the more volatile fund at 16.9% annualized versus 15.7% for VOO. Worst drawdown: FPAG -28.4% vs VOO -24.5%.
Should I hold both FPAG and VOO?
FPAG and VOO have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between FPAG and VOO?
45.9% of FPAG's money is in holdings VOO also owns. 17.4% of VOO's is in holdings FPAG also owns. They hold 26 positions in common, counted across the 64 positions we hold weights for in FPAG and 504 in VOO.
Which pays a higher dividend, FPAG or VOO?
FPAG yields 1.30% while VOO yields 1.08%, so FPAG currently pays the higher dividend yield.
Is VOO better than FPAG?
VOO has a lower expense ratio. FPAG led over 3Y and the full window, VOO over 1Y. The two have moved almost in lockstep, correlation 0.90. FPAG is less concentrated, with 33.9% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.