FPAG vs. INKM
Compare and contrast key facts about FPA Global Equity ETF (FPAG) and SPDR SSgA Income Allocation ETF (INKM).
FPAG and INKM 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. INKM is an actively managed fund by State Street. It was launched on Apr 25, 2012.
Performance
FPAG vs. INKM - Performance Comparison
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FPAG vs. INKM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPAG FPA Global Equity ETF | -1.48% | 25.17% | 15.64% | 29.55% | -17.87% | 2.93% |
INKM SPDR SSgA Income Allocation ETF | 2.48% | 11.86% | 5.70% | 10.26% | -12.58% | 1.41% |
Returns By Period
In the year-to-date period, FPAG achieves a -1.48% return, which is significantly lower than INKM's 2.48% return.
FPAG
- 1D
- 0.74%
- 1M
- -6.59%
- YTD
- -1.48%
- 6M
- 2.35%
- 1Y
- 23.55%
- 3Y*
- 19.25%
- 5Y*
- —
- 10Y*
- —
INKM
- 1D
- 0.20%
- 1M
- -3.01%
- YTD
- 2.48%
- 6M
- 3.39%
- 1Y
- 10.75%
- 3Y*
- 8.82%
- 5Y*
- 4.13%
- 10Y*
- 5.48%
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FPAG vs. INKM - Expense Ratio Comparison
FPAG has a 0.49% expense ratio, which is lower than INKM's 0.50% expense ratio.
Return for Risk
FPAG vs. INKM — Risk / Return Rank
FPAG
INKM
FPAG vs. INKM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Global Equity ETF (FPAG) and SPDR SSgA Income Allocation ETF (INKM). 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.
| FPAG | INKM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.38 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.95 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.92 | -0.01 |
Martin ratioReturn relative to average drawdown | 7.02 | 8.53 | -1.51 |
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
| FPAG | INKM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.38 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.55 | +0.01 |
Correlation
The correlation between FPAG and INKM is 0.72, 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
FPAG vs. INKM - Dividend Comparison
FPAG's dividend yield for the trailing twelve months is around 1.54%, less than INKM's 5.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPAG FPA Global Equity ETF | 1.54% | 1.99% | 1.42% | 1.51% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INKM SPDR SSgA Income Allocation ETF | 5.01% | 5.82% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% |
Drawdowns
FPAG vs. INKM - Drawdown Comparison
The maximum FPAG drawdown since its inception was -28.43%, roughly equal to the maximum INKM drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for FPAG and INKM.
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Drawdown Indicators
| FPAG | INKM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.43% | -28.58% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -5.76% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.58% | — |
Current DrawdownCurrent decline from peak | -8.53% | -3.21% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -3.73% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 1.30% | +2.07% |
Volatility
FPAG vs. INKM - Volatility Comparison
FPA Global Equity ETF (FPAG) has a higher volatility of 6.47% compared to SPDR SSgA Income Allocation ETF (INKM) at 2.97%. This indicates that FPAG's price experiences larger fluctuations and is considered to be riskier than INKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPAG | INKM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 2.97% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 4.62% | +6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 7.83% | +11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.50% | 8.30% | +11.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 9.77% | +9.73% |