FPA vs VTI
First Trust Asia Pacific Ex-Japan AlphaDEX Fund vs Vanguard Morningstar Total Stock Market ETF
Which is better, FPA or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. FPA led over 1Y and 3Y, VTI over 5Y and the full window. FPA is less concentrated, with 26.5% of the fund in its ten largest positions against 33.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FPA | VTI |
|---|---|---|
| Expense Ratio | 0.80% | 0.03%Best |
| AUM | $115M | $689.2B |
| Dividend Yield | 3.90% | 1.06% |
| Holdings | 212 | 3,524 |
| YTD Return | +24.07%Best | +13.02% |
| 1Y Return | +31.55%Best | +16.63% |
| 3Y Return (annualized) | +27.66%Best | +21.97% |
| 5Y Return (annualized) | +11.80% | +11.99%Best |
| Volatility (annualized) | 22.2% | 14.7%Best |
| Max Drawdown | -55.8% | -35.0%Best |
| $10,000 over 5 years | $17,467 | $17,616Best |
| Top 10 Weight | 26.5%Best | 33.5% |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Apr 18, 2011 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Apr 20, 2011 to Oct 14, 2026 (15.5 years).
FPA vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 15.5 years both funds cover.
FPA vs VTI Performance
First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA) is an ETF from First Trust Portfolios (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year FPA returned +31.55% while VTI returned +16.63%. Year to date, FPA is up 24.07% versus a gain of 13.02% for VTI.
Over three years, FPA compounded at +27.66% per year against +21.97% for VTI; over five years the annualized figures are +11.80% and +11.99% respectively. Across the full 16-year window we track, VTI has the edge at +12.16% annualized vs +4.17%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FPA has been the more volatile fund, with annualized monthly volatility of 22.2% compared with 14.7% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -55.8% for FPA and -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FPA charges 0.80% per year while VTI charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, FPA currently yields 3.90% against 1.06% for VTI.
Holdings Overlap
We hold position weights for 100 holdings in FPA and 3,441 in VTI, totalling 99.6% and 98.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in FPA and 3,441 in VTI, against full books of 212 and 3,524.
What only one of them owns
Our book lists 1,156 positions for VTI that do not appear in our book for FPA (97.6% of the fund), and 2 for FPA that do not appear in VTI (2.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FPA and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FPA or VTI?
FPA has an expense ratio of 0.80% while VTI charges 0.03%. VTI is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, FPA or VTI?
Over the past year FPA returned +31.55% vs +16.63% for VTI, so FPA leads on 1-year performance. Over the longest common window we track (16 years), FPA annualized +4.17% vs +12.16% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FPA or VTI?
FPA has been the more volatile fund at 22.2% annualized versus 14.7% for VTI. Worst drawdown: FPA -55.8% vs VTI -35.0%.
Should I hold both FPA and VTI?
FPA and VTI have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FPA or VTI?
FPA yields 3.90% while VTI yields 1.06%, so FPA currently pays the higher dividend yield.
Is VTI better than FPA?
VTI has a lower expense ratio. FPA led over 1Y and 3Y, VTI over 5Y and the full window. FPA is less concentrated, with 26.5% of the fund in its ten largest positions against 33.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.