FPAS vs VYM
FPAS vs VYM
FPA Short Duration Government 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 558 holdings.
Side-by-Side Comparison
| Metric | FPAS | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.04% | |
| AUM | $11M | $79.0B | |
| Dividend Yield | 4.77% | 2.86% | |
| Holdings | 5 | 568 | |
| YTD Return | -1.99% | +15.80% | |
| 1Y Return | -0.26% | +26.12% | |
| 3Y Return (annualized) | - | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 3.0% | 14.6% | |
| Max Drawdown | -3.7% | -58.8% | |
| Fund Family | FPA Investors First | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 31, 2024 | Nov 10, 2006 |
FPAS vs VYM Performance
FPA Short Duration Government ETF (FPAS) is a ETF from FPA Investors First and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FPAS returned -0.26% while VYM returned +26.12%. Year to date, FPAS is down 1.99% versus a gain of 15.80% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FPAS charges 0.10% per year while VYM charges 0.04%. On a $10,000 position that is $10 vs $4 annually, a gap of $6 per year that compounds over a long holding period. On income, FPAS currently yields 4.77% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, FPAS or VYM?
FPAS has an expense ratio of 0.10% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, FPAS or VYM?
Over the past year FPAS returned -0.26% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), FPAS annualized +2.63% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, FPAS or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.0% for FPAS. Worst drawdown: FPAS -3.7% vs VYM -58.8%.
Should I hold both FPAS and VYM?
FPAS and VYM have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FPAS or VYM?
FPAS yields 4.77% while VYM yields 2.86%, so FPAS currently pays the higher dividend yield.
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