- Issuer
- FPA
- Inception Date
- Dec 16, 2021
- Region
- Global (Broad)
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $435M
Share Price Chart
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Performance
FPAG Performance Chart
FPA Global Equity ETF (FPAG) is up 7.2% since the beginning of the year. FPAG is currently trading at $40 per share.
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Returns By Period
FPA Global Equity ETF (FPAG) has returned 7.19% so far this year and 23.31% over the past 12 months.
FPA Global Equity ETF
- 1D
- -1.05%
- 1M
- 1.24%
- YTD
- 7.19%
- 6M
- 6.78%
- 1Y
- 23.31%
- 3Y*
- 20.48%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FPAG Monthly Returns History
Based on dividend-adjusted daily data since Dec 17, 2021, FPAG's average daily return is +0.05%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2022 with a return of +11.3%, while the worst month was Sep 2022 at -10.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FPAG closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +9.7%, while the worst single day was Apr 4, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.80% | 2.16% | -8.66% | 7.13% | 3.25% | -0.90% | 7.19% | ||||||
| 2025 | 5.02% | -0.06% | -4.96% | -0.00% | 6.89% | 6.41% | 0.69% | 4.30% | 0.62% | 1.28% | 1.49% | 1.58% | 25.17% |
| 2024 | 0.44% | 3.54% | 4.71% | -3.53% | 5.79% | 0.78% | 2.84% | 0.28% | 1.55% | -0.93% | 2.70% | -3.10% | 15.64% |
| 2023 | 10.36% | -2.98% | 1.75% | 1.59% | -0.15% | 7.52% | 4.47% | -3.49% | -3.67% | -3.35% | 9.49% | 6.09% | 29.55% |
| 2022 | -2.74% | -3.00% | 0.34% | -10.26% | 3.87% | -9.77% | 7.69% | -4.47% | -10.26% | 4.77% | 11.28% | -4.14% | -17.87% |
| 2021 | 3.26% | 3.26% |
Benchmark Metrics
FPA Global Equity ETF has an annualized alpha of 1.67%, beta of 1.01, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since December 17, 2021.
- This ETF captured 103.69% of S&P 500 Index gains but only 97.58% of its losses - a favorable profile for investors.
- With beta of 1.01 and R2 of 0.82, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.67%
- Beta
- 1.01
- R²
- 0.82
- Upside Capture
- 103.69%
- Downside Capture
- 97.58%
Expense Ratio
FPAG has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FPAG ranks 44 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FPA Global Equity ETF (FPAG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FPAG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.78 | -0.85 |
| Martin ratioReturn relative to average drawdown | 7.27 | 12.44 | -5.17 |
Dividends
Dividend History
FPA Global Equity ETF provided a 1.36% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.54 | $0.74 | $0.43 | $0.40 | $0.25 |
Dividend yield | 1.36% | 1.99% | 1.42% | 1.51% | 1.22% |
Monthly Dividends
The table displays the monthly dividend distributions for FPA Global Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 | ||||||
| 2025 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.32 | $0.74 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.21 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.40 |
| 2022 | $0.01 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FPA Global Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FPA Global Equity ETF was 28.43%, occurring on Oct 11, 2022. Recovery took 199 trading sessions.
The current FPA Global Equity ETF drawdown is 2.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -28.43%Oct 2022 | 9mo 1d | 9mo 20d | 1y 6moJan 2022 - Jul 2023 |
2025 selloff2025 | -18.06%Apr 2025 | 1mo 18d | 1mo 27d | 3mo 15dFeb 2025 - Jun 2025 |
2026 correction2026 | -12.14%Mar 2026 | 1mo 2d | 2mo 2d | 3mo 4dFeb 2026 - May 2026 |
2023 correction2023 | -11.85%Oct 2023 | 2mo 28d | 1mo 15d | 4mo 13dJul 2023 - Dec 2023 |
2024 pullback2024 | -8.24%Aug 2024 | 19d | 1mo 22d | 2mo 11dJul 2024 - Sep 2024 |
Drawdown Indicators
| FPAG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.43% | -56.78% | +28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.14% | -9.10% | -3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -18.06% | -18.90% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.05% | -1.80% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -10.71% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.03% | +1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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