Correlation
The correlation between FPAG and AOA is 0.90, 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.
FPAG vs. AOA
Compare and contrast key facts about FPA Global Equity ETF (FPAG) and iShares Core Aggressive Allocation ETF (AOA).
FPAG and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPAG is an actively managed fund by FPA. It was launched on Dec 16, 2021. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FPAG or AOA.
Performance
FPAG vs. AOA - Performance Comparison
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Key characteristics
FPAG:
0.60
AOA:
0.87
FPAG:
0.88
AOA:
1.18
FPAG:
1.13
AOA:
1.17
FPAG:
0.57
AOA:
0.85
FPAG:
2.35
AOA:
3.80
FPAG:
4.38%
AOA:
2.89%
FPAG:
19.60%
AOA:
14.13%
FPAG:
-28.43%
AOA:
-28.38%
FPAG:
-1.16%
AOA:
-0.27%
Returns By Period
In the year-to-date period, FPAG achieves a 6.57% return, which is significantly higher than AOA's 5.02% return.
FPAG
6.57%
6.93%
3.88%
11.66%
14.26%
N/A
N/A
AOA
5.02%
4.62%
3.04%
12.20%
9.92%
10.70%
7.79%
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FPAG vs. AOA - Expense Ratio Comparison
FPAG has a 0.49% expense ratio, which is higher than AOA's 0.25% expense ratio.
Risk-Adjusted Performance
FPAG vs. AOA — Risk-Adjusted Performance Rank
FPAG
AOA
FPAG vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Global Equity ETF (FPAG) and iShares Core Aggressive Allocation ETF (AOA). 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.
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Dividends
FPAG vs. AOA - Dividend Comparison
FPAG's dividend yield for the trailing twelve months is around 1.73%, less than AOA's 2.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPAG FPA Global Equity ETF | 1.73% | 1.42% | 1.50% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.21% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% |
Drawdowns
FPAG vs. AOA - Drawdown Comparison
The maximum FPAG drawdown since its inception was -28.43%, roughly equal to the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for FPAG and AOA.
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Volatility
FPAG vs. AOA - Volatility Comparison
FPA Global Equity ETF (FPAG) has a higher volatility of 4.53% compared to iShares Core Aggressive Allocation ETF (AOA) at 3.14%. This indicates that FPAG's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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