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 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 33.0%.
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 | $632M | $83.1B |
| Dividend Yield | 1.27% | 2.22% |
| Holdings | 134 | 608 |
| YTD Return | +8.25% | +9.22%Best |
| 1Y Return | +13.53%Best | +12.81% |
| 3Y Return (annualized) | +21.34%Best | +18.21% |
| 5Y Return (annualized) | - | +11.39% |
| Volatility (annualized) | 16.9% | 13.7%Best |
| Max Drawdown | -28.4% | -15.8%Best |
| $10,000 over 4.8 years | $17,347Best | $16,339 |
| Top 10 Weight | 33.0% | 26.1%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 4.8 years row, are measured over the window both funds cover: Dec 17, 2021 to Oct 1, 2026 (4.8 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 4.8 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 +13.53% while VYM returned +12.81%. Year to date, FPAG is up 8.25% versus a gain of 9.22% for VYM.
Over three years, FPAG compounded at +21.34% per year against +18.21% 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 13.7% 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 1.27% against 2.22% for VYM.
Holdings Overlap
27.4% of FPAG's money is in holdings VYM also owns. 11.3% of VYM's money is in holdings FPAG also owns.
FPAG and VYM share little of their money.
The two holdings books were reported 46 days apart, FPAG as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
15 positions in common, counted across the 66 positions we hold weights for in FPAG and 557 in VYM, against full books of 134 and 608.
What only one of them owns
Our book lists 514 positions for VYM that do not appear in our book for FPAG (85.8% of the fund), and 24 for FPAG that do not appear in VYM (34.3%).
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 | 0.21% | 7.35% | 7.14% |
| CCitigroup Inc. | 3.44% | 0.89% | 2.55% |
| ADIAnalog Devices, Inc. | 3.54% | 0.73% | 2.81% |
| IFFInternational Flavors & Fragrances Inc. | 3.68% | 0.08% | 3.60% |
| BDXBecton Dickinson And Co. | 3.05% | 0.19% | 2.86% |
| CMCSAComcast Corp-class A Cmcsa | 2.51% | 0.34% | 2.17% |
| TELTE Connectivity PLC Common Stock | 2.44% | 0.24% | 2.20% |
| WFCWells Fargo & Co. | 0.59% | 1.07% | 0.48% |
| MTNVail Resorts Inc. | 1.58% | 0.02% | 1.56% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 1.35% | 0.24% | 1.11% |
27.4% 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 +13.53% vs +12.81% for VYM, so FPAG 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 13.7% 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?
27.4% of FPAG's money is in holdings VYM also owns. 11.3% of VYM's is in holdings FPAG also owns. They hold 15 positions in common, counted across the 66 positions we hold weights for in FPAG and 557 in VYM.
Which pays a higher dividend, FPAG or VYM?
FPAG yields 1.27% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than FPAG?
VYM has a lower expense ratio. FPAG led over 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 33.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.