FPAS vs VOO
FPAS vs VOO
FPA Short Duration Government ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FPAS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.03% | |
| AUM | $11M | $979.0B | |
| Dividend Yield | 4.77% | 1.09% | |
| Holdings | 5 | 509 | |
| YTD Return | -1.99% | +13.80% | |
| 1Y Return | -0.26% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 3.0% | 14.1% | |
| Max Drawdown | -3.7% | -34.3% | |
| Fund Family | FPA Investors First | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 31, 2024 | Sep 7, 2010 |
FPAS vs VOO Performance
FPA Short Duration Government ETF (FPAS) is a ETF from FPA Investors First and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FPAS returned -0.26% while VOO returned +23.71%. Year to date, FPAS is down 1.99% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.0% for FPAS. 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 -3.7% for FPAS 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 -0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FPAS charges 0.10% per year while VOO charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, FPAS currently yields 4.77% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, FPAS or VOO?
FPAS has an expense ratio of 0.10% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, FPAS or VOO?
Over the past year FPAS returned -0.26% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), FPAS annualized +2.63% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, FPAS or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.0% for FPAS. Worst drawdown: FPAS -3.7% vs VOO -34.3%.
Should I hold both FPAS and VOO?
FPAS and VOO have a monthly-return correlation of -0.11, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FPAS or VOO?
FPAS yields 4.77% while VOO yields 1.09%, so FPAS currently pays the higher dividend yield.
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