FPAG vs VTI
FPA Global Equity ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, FPAG or VTI?
Each has led over a different period.
VTI has a lower expense ratio. FPAG led over the full window, VTI over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.90. FPAG is less concentrated, with 32.8% of the fund in its ten largest positions against 33.3%.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.49% | 0.03%Best |
| AUM | $613M | $666.9B |
| Dividend Yield | 1.27% | 1.03% |
| Holdings | 65 | 3,543 |
| YTD Return | +10.87% | +13.60%Best |
| 1Y Return | +17.87% | +18.17%Best |
| 3Y Return (annualized) | +22.35% | +23.04%Best |
| 5Y Return (annualized) | - | +12.14% |
| Volatility (annualized) | 17.0% | 16.0%Best |
| Max Drawdown | -28.4% | -25.4%Best |
| $10,000 over 4.8 years | $17,804Best | $17,302 |
| Top 10 Weight | 32.8%Best | 33.3% |
| Fund Family | FPA Investors First | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 16, 2021 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 17, 2021 to Sep 25, 2026 (4.8 years).
FPAG vs VTI 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 4.8 years both funds cover.
FPAG vs VTI Performance
FPA Global Equity ETF (FPAG) is an ETF from FPA Investors First and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FPAG returned +17.87% while VTI returned +18.17%. Year to date, FPAG is up 10.87% versus a gain of 13.60% for VTI.
Over three years, FPAG compounded at +22.35% per year against +23.04% for VTI.
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 16.0% for VTI. 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 -25.4% for VTI. 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 VTI 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 1.27% against 1.03% for VTI.
Holdings Overlap
51.5% of FPAG's money is in holdings VTI also owns. 15.6% of VTI's money is in holdings FPAG also owns.
The two portfolios partly overlap.
32 positions in common, counted across the 65 positions we hold weights for in FPAG and 3,463 in VTI, against full books of 65 and 3,543.
What only one of them owns
Our book lists 1,119 positions for VTI that do not appear in our book for FPAG (81.8% of the fund), and 6 for FPAG that do not appear in VTI (9.6%).
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.
Top Shared Holdings
| Stock | Weight in FPAG | Weight in VTI | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 2.87% | 3.65% | 0.78% |
| GOOGAlphabet Inc | 3.96% | 2.31% | 1.65% |
| METAMeta Platforms Inc | 2.96% | 1.70% | 1.26% |
| GOOGLAlphabet Inc,class A | 1.71% | 2.90% | 1.19% |
| IFFInternational Flavors & Fragrances Inc. | 3.73% | 0.03% | 3.70% |
| ADIAnalog Devices, Inc. | 3.33% | 0.25% | 3.08% |
| CCitigroup Inc. | 3.20% | 0.30% | 2.90% |
| BDXBecton Dickinson And Co. | 3.17% | 0.06% | 3.11% |
| AJGArthur J Gallagher & Co. | 2.84% | 0.09% | 2.75% |
| AVGOBroadcom Inc | 0.21% | 2.56% | 2.35% |
51.5% of FPAG is already inside VTI.
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 VTI?
FPAG has an expense ratio of 0.49% while VTI charges 0.03%. VTI is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, FPAG or VTI?
Over the past year FPAG returned +17.87% vs +18.17% for VTI, so VTI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPAG or VTI?
FPAG has been the more volatile fund at 17.0% annualized versus 16.0% for VTI. Worst drawdown: FPAG -28.4% vs VTI -25.4%.
Should I hold both FPAG and VTI?
FPAG and VTI 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 VTI?
51.5% of FPAG's money is in holdings VTI also owns. 15.6% of VTI's is in holdings FPAG also owns. They hold 32 positions in common, counted across the 65 positions we hold weights for in FPAG and 3,463 in VTI.
Which pays a higher dividend, FPAG or VTI?
FPAG yields 1.27% while VTI yields 1.03%, so FPAG currently pays the higher dividend yield.
Is VTI better than FPAG?
VTI has a lower expense ratio. FPAG led over the full window, VTI over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.90. FPAG is less concentrated, with 32.8% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.