FPAG vs VYM
FPA Global Equity ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | FPAG | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.04% | |
| AUM | $611M | $81.6B | |
| Dividend Yield | 1.30% | 2.24% | |
| Holdings | 70 | 616 | |
| YTD Return | +13.19% | +15.84% | |
| 1Y Return | +22.13% | +23.95% | |
| 3Y Return (annualized) | +22.51% | +19.02% | |
| 5Y Return (annualized) | - | +12.19% | |
| Volatility (annualized) | 17.0% | 14.6% | |
| Max Drawdown | -28.4% | -58.8% | |
| Fund Family | FPA Investors First | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2021 | Nov 10, 2006 |
FPAG vs VYM Performance
FPA Global Equity ETF (FPAG) is a ETF from FPA Investors First and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FPAG returned +22.13% while VYM returned +23.95%. Year to date, FPAG is up 13.19% versus a gain of 15.84% for VYM.
Over three years, FPAG compounded at +22.51% per year against +19.02% for VYM. Across the full 5-year window we track, FPAG has the edge at +13.58% annualized vs +7.07%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FPAG charges 0.49% per year while VYM charges 0.04%. On a $10,000 position that is $49 vs $4 annually, a gap of $45 per year that compounds over a long holding period. On income, FPAG currently yields 1.30% against 2.24% for VYM.
Holdings Overlap
FPAG and VYM share 16 holdings out of 651 unique holdings combined, representing a 5.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FPAG or VYM?
FPAG has an expense ratio of 0.49% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, FPAG or VYM?
Over the past year FPAG returned +22.13% vs +23.95% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), FPAG annualized +13.58% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, FPAG or VYM?
FPAG has been the more volatile fund at 17.0% annualized versus 14.6% for VYM. Worst drawdown: FPAG -28.4% vs VYM -58.8%.
Should I hold both FPAG and VYM?
FPAG and VYM have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FPAG and VYM?
FPAG and VYM share 16 common holdings with a 5.0% weight overlap. Combined, they hold 651 unique securities.
Which pays a higher dividend, FPAG or VYM?
FPAG yields 1.30% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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