FPAG vs VYM
FPA Global Equity ETF vs Vanguard High Dividend Yield ETF
Which is better, FPAG or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. FPAG led over 3Y and the full window, VYM over 1Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 33.9%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.49% | 0.04%Best |
| AUM | $624M | $81.6B |
| Dividend Yield | 1.30% | 2.24% |
| Holdings | 65 | 613 |
| YTD Return | +12.68% | +14.33%Best |
| 1Y Return | +18.36% | +20.01%Best |
| 3Y Return (annualized) | +21.65%Best | +18.43% |
| 5Y Return (annualized) | - | +12.16% |
| Volatility (annualized) | 16.9% | 13.6%Best |
| Max Drawdown | -28.4% | -15.8%Best |
| $10,000 over 4.7 years | $17,976Best | $17,034 |
| Top 10 Weight | 33.9% | 25.9%Best |
| Fund Family | FPA Investors First | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Dec 16, 2021 | Nov 10, 2006 |
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 VYM 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 VYM Performance
FPA Global Equity ETF (FPAG) is an ETF from FPA Investors First and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FPAG returned +18.36% while VYM returned +20.01%. Year to date, FPAG is up 12.68% versus a gain of 14.33% for VYM.
Over three years, FPAG compounded at +21.65% per year against +18.43% for VYM.
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 13.6% 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 -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
28.3% of FPAG's money is in holdings VYM also owns. 12.8% of VYM's money is in holdings FPAG also owns.
FPAG and VYM share little of their money.
16 positions in common, counted across the 64 positions we hold weights for in FPAG and 602 in VYM, against full books of 65 and 613.
What only one of them owns
Our book lists 554 positions for VYM that do not appear in our book for FPAG (84.5% of the fund), and 22 for FPAG that do not appear in VYM (34.1%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 0.24% | 7.29% | 7.05% |
| ADIAnalog Devices, Inc. | 3.56% | 0.80% | 2.76% |
| CCitigroup, Inc. | 3.25% | 0.94% | 2.31% |
| IFFIntl Flavors & Fragrances | 3.65% | 0.08% | 3.57% |
| BDXBecton, Dickinson And Company | 2.98% | 0.18% | 2.80% |
| CMCSACOMCAST CORP CLASS A | 2.46% | 0.36% | 2.10% |
| TELTyco Electronics Ltd. | 2.43% | 0.24% | 2.19% |
| MRKMerck & Co. Inc. | 1.08% | 1.32% | 0.24% |
| BAXBaxter International, Inc. | 1.64% | 0.05% | 1.59% |
| MTNVail Resorts Inc. | 1.62% | 0.02% | 1.60% |
28.3% of FPAG is already inside VYM.
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 VYM?
FPAG has an expense ratio of 0.49% while VYM charges 0.04%. VYM is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, FPAG or VYM?
Over the past year FPAG returned +18.36% vs +20.01% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPAG or VYM?
FPAG has been the more volatile fund at 16.9% annualized versus 13.6% for VYM. Worst drawdown: FPAG -28.4% vs VYM -15.8%.
Should I hold both FPAG and VYM?
FPAG and VYM have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FPAG and VYM?
28.3% of FPAG's money is in holdings VYM also owns. 12.8% of VYM's is in holdings FPAG also owns. They hold 16 positions in common, counted across the 64 positions we hold weights for in FPAG and 602 in VYM.
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.
Is VYM better than FPAG?
VYM has a lower expense ratio. FPAG led over 3Y and the full window, VYM over 1Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 33.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.