FPAG vs. IDV

Last updated Jun 24, 2026

FPAG (FPA Global Equity ETF) and IDV (iShares International Select Dividend ETF) are both Global Equities funds. FPAG is actively managed, while IDV is passively managed. Over the past 3 years, FPAG returned 19.96%/yr vs 24.49%/yr for IDV. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

FPAG vs. IDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FPA Global Equity ETF (FPAG) and iShares International Select Dividend ETF (IDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FPAG achieves a 5.81% return, which is significantly lower than IDV's 9.00% return.

FPAG

• 1D: -1.29%
• 1M: -0.06%
• YTD: 5.81%
• 6M: 5.36%
• 1Y: 20.45%
• 3Y*: 19.96%
• 5Y*: —
• 10Y*: —

IDV

• 1D: -1.21%
• 1M: -4.79%
• YTD: 9.00%
• 6M: 9.11%
• 1Y: 30.43%
• 3Y*: 24.49%
• 5Y*: 11.78%
• 10Y*: 10.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FPAG vs. IDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FPAG FPA Global Equity ETF	5.81%	25.17%	15.64%	29.55%	-17.87%	3.26%
IDV iShares International Select Dividend ETF	9.00%	52.16%	4.00%	10.32%	-6.40%	1.66%

Correlation

The correlation between FPAG and IDV is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.69

The correlation between FPAG and IDV has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

FPAG vs. IDV - Sectors Allocation Comparison

Sectors	FPAG	IDV
Communication Services	16.2%	9.9%
Basic Materials	14.0%	6.3%
Technology	13.8%	0.9%
Healthcare	13.7%	-
Industrials	12.4%	6.9%
Consumer Cyclical	10.0%	9.9%
Financial Services	9.7%	30.6%
Consumer Defensive	8.7%	7.2%
Energy	1.3%	14.8%
Utilities	0.2%	11.5%
Real Estate	0.0%	2.3%

Return for Risk

FPAG vs. IDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPAG

FPAG Risk / Return Rank: 40
FPAG Sharpe Ratio Rank: 41
FPAG Sortino Ratio Rank: 41
FPAG Omega Ratio Rank: 39
FPAG Calmar Ratio Rank: 36
FPAG Martin Ratio Rank: 41

IDV

IDV Risk / Return Rank: 73
IDV Sharpe Ratio Rank: 76
IDV Sortino Ratio Rank: 71
IDV Omega Ratio Rank: 75
IDV Calmar Ratio Rank: 73
IDV Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FPAG vs. IDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FPA Global Equity ETF (FPAG) and iShares International Select Dividend ETF (IDV). 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.

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	IDV	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.32	-0.97
Sortino ratio: Return per unit of downside risk	1.98	3.08	-1.09
Omega ratio: Gain probability vs. loss probability	1.24	1.42	-0.18
Calmar ratio: Return relative to maximum drawdown	1.69	3.59	-1.90
Martin ratio: Return relative to average drawdown	6.37	12.85	-6.48

FPAG vs. IDV - Sharpe Ratio Comparison

The current FPAG Sharpe Ratio is 1.35, which is lower than the IDV Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FPAG and IDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FPAG vs. IDV - Drawdown Comparison

The maximum FPAG drawdown since its inception was -28.43%, smaller than the maximum IDV drawdown of -70.14%. Use the drawdown chart below to compare losses from any high point for FPAG and IDV.

Drawdown Indicators

	FPAG	IDV	Difference
Max Drawdown Largest peak-to-trough decline	-28.43%	-70.14%	+41.71%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-8.52%	-3.62%
Max Drawdown (3Y) Largest decline over 3 years	-18.06%	-11.86%	-6.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.50%	—
Current Drawdown Current decline from peak	-3.31%	-5.67%	+2.36%
Average Drawdown Average peak-to-trough decline	-6.31%	-15.36%	+9.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	2.37%	+0.85%

Volatility

FPAG vs. IDV - Volatility Comparison

FPA Global Equity ETF (FPAG) has a higher volatility of 5.32% compared to iShares International Select Dividend ETF (IDV) at 3.96%. This indicates that FPAG's price experiences larger fluctuations and is considered to be riskier than IDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FPAG	IDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	3.96%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	12.11%	11.11%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.20%	13.18%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.42%	15.59%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.42%	17.70%	+1.72%

FPAG vs. IDV - Expense Ratio Comparison

Both FPAG and IDV have an expense ratio of 0.49%.

Dividends

FPAG vs. IDV - Dividend Comparison

FPAG's dividend yield for the trailing twelve months is around 1.38%, less than IDV's 5.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPAG FPA Global Equity ETF	1.38%	1.99%	1.42%	1.51%	1.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDV iShares International Select Dividend ETF	5.45%	4.94%	6.46%	6.51%	7.33%	5.78%	5.47%	5.15%	5.93%	4.52%	4.69%	5.08%

Frequently Asked Questions

Can I hold both FPAG and IDV in my portfolio?

FPAG and IDV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FPAG or IDV?

FPAG has higher volatility (5.32%) compared to IDV (3.96%). In terms of maximum drawdown, FPAG dropped -28.43% vs IDV's -70.14%.

Which ETF is better, FPAG or IDV?

On 3-year performance, IDV leads with 24.49% vs 19.96% for FPAG. Both ETFs have the same 0.49% expense ratio. On volatility, IDV has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FPAG or IDV?

Over the 3-year period, IDV has performed better with a 24.49% return vs 19.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FPAG or IDV?

FPAG and IDV have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, FPAG or IDV?

IDV has the higher dividend yield at 5.45%, compared with 1.38% for FPAG.

What is the main difference between FPAG and IDV?

They also come from different issuers: FPA and iShares.

Which has better risk-adjusted returns?

IDV currently has the higher Sharpe Ratio (2.32 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.