Quick Verdict

VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.

Lower Fees: VTIHigher Returns: VTIMore Diversified: VTI

Side-by-Side Comparison

MetricFPASVTIWinner
Expense Ratio0.10%0.03%
AUM$11M$663.5B
Dividend Yield4.77%1.07%
Holdings53,543
YTD Return-1.99%+14.20%
1Y Return-0.26%+24.16%
3Y Return (annualized)-+21.12%
5Y Return (annualized)-+12.37%
Volatility (annualized)3.0%15.3%
Max Drawdown-3.7%-56.6%
Fund FamilyFPA Investors FirstVanguard (US)
CategoryFixed IncomeEquity
InceptionOct 31, 2024May 24, 2001

FPAS vs VTI Performance

FPA Short Duration Government ETF (FPAS) is a ETF from FPA Investors First and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year FPAS returned -0.26% while VTI returned +24.16%. Year to date, FPAS is down 1.99% versus a gain of 14.20% for VTI.

Risk: Volatility and Drawdowns

VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 -0.10. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

FPAS charges 0.10% per year while VTI 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 1.07% for VTI.

Frequently Asked Questions

Which is cheaper, FPAS or VTI?

FPAS has an expense ratio of 0.10% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $7 per year of difference.

Which performed better, FPAS or VTI?

Over the past year FPAS returned -0.26% vs +24.16% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), FPAS annualized +2.63% vs +8.14% for VTI. Past performance does not guarantee future results.

Which is riskier, FPAS or VTI?

VTI has been the more volatile fund at 15.3% annualized versus 3.0% for FPAS. Worst drawdown: FPAS -3.7% vs VTI -56.6%.

Should I hold both FPAS and VTI?

FPAS and VTI have a monthly-return correlation of -0.10, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, FPAS or VTI?

FPAS yields 4.77% while VTI yields 1.07%, so FPAS currently pays the higher dividend yield.

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