FPAG vs VOO
FPA Global Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FPAG delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FPAG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $611M | $997.4B | |
| Dividend Yield | 1.30% | 1.08% | |
| Holdings | 70 | 509 | |
| YTD Return | +12.18% | +12.95% | |
| 1Y Return | +21.04% | +20.69% | |
| 3Y Return (annualized) | +21.95% | +22.09% | |
| 5Y Return (annualized) | - | +13.40% | |
| Volatility (annualized) | 17.0% | 14.1% | |
| Max Drawdown | -28.4% | -34.3% | |
| Fund Family | FPA Investors First | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2021 | Sep 7, 2010 |
FPAG vs VOO Performance
FPA Global Equity ETF (FPAG) is a ETF from FPA Investors First and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FPAG returned +21.04% while VOO returned +20.69%. Year to date, FPAG is up 12.18% versus a gain of 12.95% for VOO.
Over three years, FPAG compounded at +21.95% per year against +22.09% for VOO. Across the full 5-year window we track, VOO has the edge at +13.50% annualized vs +13.35%. 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 14.1% 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 -34.3% for VOO. 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 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
FPAG and VOO share 26 holdings out of 543 unique holdings combined, representing a 13.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $46 per year of difference.
Which performed better, FPAG or VOO?
Over the past year FPAG returned +21.04% vs +20.69% for VOO, so FPAG leads on 1-year performance. Over the longest common window we track (5 years), FPAG annualized +13.35% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, FPAG or VOO?
FPAG has been the more volatile fund at 17.0% annualized versus 14.1% for VOO. Worst drawdown: FPAG -28.4% vs VOO -34.3%.
Should I hold both FPAG and VOO?
FPAG and VOO 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 VOO?
FPAG and VOO share 26 common holdings with a 13.2% weight overlap. Combined, they hold 543 unique securities.
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.
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