FPACX vs. VGSTX
Compare and contrast key facts about FPA Crescent Fund (FPACX) and Vanguard STAR Fund (VGSTX).
FPACX is managed by FPA. It was launched on Jun 1, 1993. VGSTX is managed by Vanguard. It was launched on Mar 29, 1985.
Performance
FPACX vs. VGSTX - Performance Comparison
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FPACX vs. VGSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPACX FPA Crescent Fund | -3.27% | 17.69% | 12.42% | 20.30% | -9.20% | 15.09% | 12.14% | 20.03% | -7.42% | 10.38% |
VGSTX Vanguard STAR Fund | -4.01% | 15.88% | 13.69% | 17.14% | -18.05% | 9.65% | 21.45% | 22.21% | -5.33% | 16.95% |
Returns By Period
In the year-to-date period, FPACX achieves a -3.27% return, which is significantly higher than VGSTX's -4.01% return. Over the past 10 years, FPACX has outperformed VGSTX with an annualized return of 9.35%, while VGSTX has yielded a comparatively lower 8.76% annualized return.
FPACX
- 1D
- 0.19%
- 1M
- -6.57%
- YTD
- -3.27%
- 6M
- -0.26%
- 1Y
- 14.07%
- 3Y*
- 13.33%
- 5Y*
- 7.95%
- 10Y*
- 9.35%
VGSTX
- 1D
- 0.04%
- 1M
- -6.61%
- YTD
- -4.01%
- 6M
- -1.24%
- 1Y
- 11.52%
- 3Y*
- 11.57%
- 5Y*
- 5.39%
- 10Y*
- 8.76%
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FPACX vs. VGSTX - Expense Ratio Comparison
FPACX has a 1.00% expense ratio, which is higher than VGSTX's 0.31% expense ratio.
Return for Risk
FPACX vs. VGSTX — Risk / Return Rank
FPACX
VGSTX
FPACX vs. VGSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Crescent Fund (FPACX) and Vanguard STAR Fund (VGSTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FPACX | VGSTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.01 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.49 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.25 | +0.46 |
Martin ratioReturn relative to average drawdown | 6.19 | 5.64 | +0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FPACX | VGSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.01 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.46 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.75 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.79 | +0.07 |
Correlation
The correlation between FPACX and VGSTX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FPACX vs. VGSTX - Dividend Comparison
FPACX's dividend yield for the trailing twelve months is around 9.92%, more than VGSTX's 9.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPACX FPA Crescent Fund | 9.92% | 9.60% | 7.95% | 3.72% | 0.77% | 11.62% | 4.80% | 4.65% | 8.87% | 3.70% | 4.98% | 6.34% |
VGSTX Vanguard STAR Fund | 9.51% | 9.13% | 10.67% | 5.35% | 8.34% | 6.70% | 6.68% | 6.07% | 6.90% | 3.32% | 4.77% | 5.62% |
Drawdowns
FPACX vs. VGSTX - Drawdown Comparison
The maximum FPACX drawdown since its inception was -31.60%, smaller than the maximum VGSTX drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for FPACX and VGSTX.
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Drawdown Indicators
| FPACX | VGSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.60% | -38.62% | +7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -8.19% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -25.55% | +7.08% |
Max Drawdown (10Y)Largest decline over 10 years | -29.46% | -25.55% | -3.91% |
Current DrawdownCurrent decline from peak | -7.19% | -6.73% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -4.04% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.82% | +0.22% |
Volatility
FPACX vs. VGSTX - Volatility Comparison
The current volatility for FPA Crescent Fund (FPACX) is 3.28%, while Vanguard STAR Fund (VGSTX) has a volatility of 3.49%. This indicates that FPACX experiences smaller price fluctuations and is considered to be less risky than VGSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPACX | VGSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.49% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 6.36% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 11.32% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 11.79% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.17% | 11.79% | +1.38% |