{
 "cite": {
  "publisher": "ETFIQ",
  "page": "https://etfiq.com/funds/fpaa",
  "methodology": "https://etfiq.com/methodology/benchmarks",
  "as_of": "2026-10-20",
  "class": "ETFIQ-computed",
  "license": "https://etfiq.com/license/",
  "license_text": "Computed by ETFIQ. Free to use with attribution: ETFIQ (etfiq.com).",
  "fields_note": "Each return is computed by ETFIQ from Tiingo daily prices; attribution and credit say so in the file.",
  "cite_as": "ETFIQ, FPAA against the ETFIQ benchmark for its band, data as of 2026-10-20, https://etfiq.com/funds/fpaa"
 },
 "ticker": "FPAA",
 "seriesId": "S000105286",
 "name": "FPA Global Allocation ETF",
 "schema": "3",
 "spec": "1.15",
 "computed": "2026-10-21T05:15:00-04:00",
 "source": "tiingo-daily",
 "credit": "Data sourced by Tiingo",
 "creditUrl": "https://www.tiingo.com",
 "attribution": {
  "text": "Computed by ETFIQ from Tiingo daily prices",
  "source": "tiingo-daily",
  "from": "2026-06-08",
  "to": "2026-10-20",
  "dates": "the first and last closes of the result rows the figures are computed from",
  "licence": "https://etfiq.com/license/",
  "vendor": {
   "text": "Data sourced by Tiingo",
   "url": "https://www.tiingo.com"
  }
 },
 "band": {
  "id": "moderate",
  "name": "Moderate",
  "stockShare": 57.522,
  "categoriesAsOf": "2026-10-21"
 },
 "benchmark": {
  "id": "etfiq-strategic-60",
  "name": "ETFIQ Strategic, 60% stocks",
  "url": "/benchmarks/strategic-60/",
  "frozen": "2026-10-03"
 },
 "asOf": "2026-10-20",
 "windows": {
  "ITD": {
   "from": "2026-06-08",
   "to": "2026-10-20",
   "months": 3,
   "fund": 0.0321388179913118,
   "benchmark": 0.010382294920833646,
   "fundAnnualised": null,
   "benchmarkAnnualised": null,
   "difference": 0.02175652307047815,
   "benchmarkBasis": "hypothetical",
   "differenceAnnualised": null
  }
 },
 "risk": null,
 "calendarYears": [],
 "benchmarkCalendarYears": [
  {
   "year": "2025",
   "from": "2024-12-31",
   "to": "2025-12-31",
   "benchmark": 0.1618849576890935,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2024",
   "from": "2023-12-29",
   "to": "2024-12-31",
   "benchmark": 0.10258591604554312,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2023",
   "from": "2022-12-30",
   "to": "2023-12-29",
   "benchmark": 0.15324108020991511,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2022",
   "from": "2021-12-31",
   "to": "2022-12-30",
   "benchmark": -0.15829602269955512,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2021",
   "from": "2020-12-31",
   "to": "2021-12-31",
   "benchmark": 0.0993552400312605,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2020",
   "from": "2019-12-31",
   "to": "2020-12-31",
   "benchmark": 0.13740225806890183,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2019",
   "from": "2018-12-31",
   "to": "2019-12-31",
   "benchmark": 0.1951242135714557,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2018",
   "from": "2017-12-29",
   "to": "2018-12-31",
   "benchmark": -0.05737179736030573,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2017",
   "from": "2016-12-30",
   "to": "2017-12-29",
   "benchmark": 0.15705911771617753,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2016",
   "from": "2015-12-31",
   "to": "2016-12-30",
   "benchmark": 0.0623253775691901,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2015",
   "from": "2014-12-31",
   "to": "2015-12-31",
   "benchmark": -0.0068597588902727935,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2014",
   "from": "2013-12-31",
   "to": "2014-12-31",
   "benchmark": 0.0466310716088445,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2013",
   "from": "2012-12-31",
   "to": "2013-12-31",
   "benchmark": 0.1239570558109564,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2012",
   "from": "2011-12-30",
   "to": "2012-12-31",
   "benchmark": 0.11878563505402462,
   "benchmarkBasis": "hypothetical"
  },
  {
   "year": "2011",
   "from": "2010-12-31",
   "to": "2011-12-30",
   "benchmark": -0.011972905233990638,
   "benchmarkBasis": "hypothetical"
  }
 ],
 "riskByWindow": {
  "3Y": {
   "from": "2023-09-29",
   "to": "2026-09-30",
   "months": 36,
   "benchmarkBasis": "hypothetical",
   "benchmark": {
    "volatility": 0.08591617963880176,
    "maxDrawdown": -0.09763030710212262,
    "maxDrawdownPeak": "2025-02-18",
    "maxDrawdownTrough": "2025-04-08",
    "worstMonth": -0.04434760131173243,
    "worstMonthMonth": "2026-03",
    "sharpe": 1.0851889173337137
   },
   "fund": {
    "absent": "the fund has 0.4 years of prices (first close 2026-06-08), 3 monthly returns to the last month end before 2026-10-20; the 3Y risk window needs 36"
   }
  },
  "5Y": {
   "from": "2021-09-30",
   "to": "2026-09-30",
   "months": 60,
   "benchmarkBasis": "hypothetical",
   "benchmark": {
    "volatility": 0.1096679876382327,
    "maxDrawdown": -0.22308000069645295,
    "maxDrawdownPeak": "2021-11-08",
    "maxDrawdownTrough": "2022-10-14",
    "worstMonth": -0.07384178662364616,
    "worstMonthMonth": "2022-09",
    "sharpe": 0.28458400874788425
   },
   "fund": {
    "absent": "the fund has 0.4 years of prices (first close 2026-06-08), 3 monthly returns to the last month end before 2026-10-20; the 5Y risk window needs 60"
   }
  },
  "10Y": {
   "from": "2016-09-30",
   "to": "2026-09-30",
   "months": 120,
   "benchmarkBasis": "hypothetical",
   "benchmark": {
    "volatility": 0.100665069233653,
    "maxDrawdown": -0.22308000069645295,
    "maxDrawdownPeak": "2021-11-08",
    "maxDrawdownTrough": "2022-10-14",
    "worstMonth": -0.09245357415287725,
    "worstMonthMonth": "2020-03",
    "sharpe": 0.5637895106013913
   },
   "fund": {
    "absent": "the fund has 0.4 years of prices (first close 2026-06-08), 3 monthly returns to the last month end before 2026-10-20; the 10Y risk window needs 120"
   }
  },
  "benchmarkRelative": "the benchmark measured against itself has no beta, correlation, tracking error or capture: stats leaves them absent, \"measured against itself\""
 },
 "commonPeriod": null,
 "benchmarkWindows": {
  "1Y": {
   "from": "2025-09-30",
   "to": "2026-09-30",
   "months": 12,
   "benchmark": 0.08926630508258704,
   "benchmarkAnnualised": 0.08926630508258704,
   "benchmarkBasis": "hypothetical"
  },
  "3Y": {
   "from": "2023-09-29",
   "to": "2026-09-30",
   "months": 36,
   "benchmark": 0.493285019465475,
   "benchmarkAnnualised": 0.14300352416432838,
   "benchmarkBasis": "hypothetical"
  },
  "5Y": {
   "from": "2021-09-30",
   "to": "2026-09-30",
   "months": 60,
   "benchmark": 0.3743145018375935,
   "benchmarkAnnualised": 0.06565646948710224,
   "benchmarkBasis": "hypothetical"
  },
  "10Y": {
   "from": "2016-09-30",
   "to": "2026-09-30",
   "months": 120,
   "benchmark": 1.1443724513885103,
   "benchmarkAnnualised": 0.07926979271832368,
   "benchmarkBasis": "hypothetical"
  },
  "ITD": {
   "from": "2010-01-04",
   "to": "2026-10-20",
   "months": 200,
   "benchmark": 2.2559492912224948,
   "benchmarkAnnualised": 0.07565598169612442,
   "benchmarkBasis": "hypothetical",
   "annualisedFrom": "2010-01-29",
   "annualisedTo": "2026-09-30"
  }
 },
 "partialHistory": {
  "state": "partial",
  "shortSeries": "fund",
  "fundFirstClose": "2026-06-08",
  "benchmarkFirstClose": "2010-01-04",
  "sharedFrom": "2026-06-08",
  "fundMonths": 3,
  "fundLacks": [
   "1Y",
   "3Y",
   "5Y",
   "10Y"
  ]
 },
 "percentiles": {
  "rule": "the funds categories.json places in the moderate band today, each measured in every window it existed; fewer than 10 with a figure and the percentile is absent; the benchmark is placed against the set and not counted in it",
  "minimum": 10,
  "considered": 24,
  "dropped": [],
  "windows": {
   "1Y": {
    "return": {
     "absent": "FPAA has no total return over 1Y: 3 whole months in the history; the window needs 12"
    },
    "volatility": {
     "absent": "FPAA has no volatility over 1Y: 3 whole months in the history; the window needs 12"
    },
    "maxDrawdown": {
     "absent": "FPAA has no maximum drawdown over 1Y: 3 whole months in the history; the window needs 12"
    }
   },
   "3Y": {
    "return": {
     "absent": "FPAA has no annualised return over 3Y: 3 whole months in the history; the window needs 36"
    },
    "volatility": {
     "absent": "FPAA has no volatility over 3Y: 3 whole months in the history; the window needs 36"
    },
    "maxDrawdown": {
     "absent": "FPAA has no maximum drawdown over 3Y: 3 whole months in the history; the window needs 36"
    }
   },
   "5Y": {
    "return": {
     "absent": "FPAA has no annualised return over 5Y: 3 whole months in the history; the window needs 60"
    },
    "volatility": {
     "absent": "FPAA has no volatility over 5Y: 3 whole months in the history; the window needs 60"
    },
    "maxDrawdown": {
     "absent": "FPAA has no maximum drawdown over 5Y: 3 whole months in the history; the window needs 60"
    }
   },
   "10Y": {
    "return": {
     "absent": "FPAA has no annualised return over 10Y: 3 whole months in the history; the window needs 120"
    },
    "volatility": {
     "absent": "FPAA has no volatility over 10Y: 3 whole months in the history; the window needs 120"
    },
    "maxDrawdown": {
     "absent": "FPAA has no maximum drawdown over 10Y: 3 whole months in the history; the window needs 120"
    }
   }
  }
 },
 "costs": {
  "fundExpenseRatio": {
   "value": 0.49,
   "unit": "percent",
   "source": "485BPOS XBRL",
   "date": "2026-05-22",
   "url": "https://www.sec.gov/Archives/edgar/data/924727/000110465926065761/",
   "path": "site/data/core.json"
  },
  "holdingsWeightedExpenseRatio": {
   "value": 0.0043774999999999994,
   "unit": "percent",
   "booksAsOf": "2026-06-30",
   "path": "site/data/books/fpaa.json",
   "rows": 4,
   "fundWeight": 1.751,
   "funds": [
    {
     "ticker": "HYBB",
     "row": "ISHARES TRUST",
     "weight": 1.751,
     "expenseRatio": 0.25,
     "date": "2026-02-23",
     "source": "485BPOS XBRL",
     "join": "ticker and name"
    }
   ],
   "notJoined": [
    {
     "row": "INVESTMENT MANAGERS SERIES TRUST III",
     "ticker": "FPAG",
     "weight": 60.267,
     "why": "the ticker is 'FPA Global Equity ETF' on ETFIQ; the names do not match (0 of 3 words found)"
    }
   ]
  }
 },
 "absent": [
  {
   "field": "windows.1Y",
   "reason": "the fund has 0.4 years of prices (first close 2026-06-08), 3 whole months to the last month end before 2026-10-20; the 1Y window needs 12"
  },
  {
   "field": "windows.3Y",
   "reason": "the fund has 0.4 years of prices (first close 2026-06-08), 3 whole months to the last month end before 2026-10-20; the 3Y window needs 36"
  },
  {
   "field": "windows.5Y",
   "reason": "the fund has 0.4 years of prices (first close 2026-06-08), 3 whole months to the last month end before 2026-10-20; the 5Y window needs 60"
  },
  {
   "field": "windows.10Y",
   "reason": "the fund has 0.4 years of prices (first close 2026-06-08), 3 whole months to the last month end before 2026-10-20; the 10Y window needs 120"
  },
  {
   "field": "windows.YTD",
   "reason": "FPAA has no year to date: the history starts 2026-06-08, after the last close of December 2025"
  },
  {
   "field": "risk",
   "reason": "the fund has 0.4 years of prices (first close 2026-06-08), 3 monthly returns to the last month end before 2026-10-20; every risk figure needs 36"
  },
  {
   "field": "calendarYears",
   "reason": "the fund's first close is 2026-06-08, so its first whole calendar year is still to come; the benchmark's 15 whole years before it (2011 to 2025) are in benchmarkCalendarYears and not set beside it"
  },
  {
   "field": "riskByWindow.3Y.fund",
   "reason": "the fund has 0.4 years of prices (first close 2026-06-08), 3 monthly returns to the last month end before 2026-10-20; the 3Y risk window needs 36"
  },
  {
   "field": "riskByWindow.5Y.fund",
   "reason": "the fund has 0.4 years of prices (first close 2026-06-08), 3 monthly returns to the last month end before 2026-10-20; the 5Y risk window needs 60"
  },
  {
   "field": "riskByWindow.10Y.fund",
   "reason": "the fund has 0.4 years of prices (first close 2026-06-08), 3 monthly returns to the last month end before 2026-10-20; the 10Y risk window needs 120"
  },
  {
   "field": "commonPeriod",
   "reason": "3 whole months; an annualised return needs 12"
  }
 ],
 "units": {
  "windows": "fund, benchmark, fundAnnualised, benchmarkAnnualised: decimal total return (0.0823 is 8.23%); difference: fund minus benchmark, a decimal of return, printed in percentage points; months: whole months",
  "risk": "volatilities and tracking error: annualised decimals; max drawdowns: decimals of value, on daily values; beta, correlation, upCapture, downCapture: ratios",
  "band.stockShare": "percent of net assets, looked through the funds it holds",
  "costs": "expense ratios: percent a year, as ETFIQ's fee files hold them; weights: percent of the book",
  "calendarYears": "fund, benchmark: decimal total return over the calendar year (December close to December close); difference: fund minus benchmark, a decimal of return",
  "riskByWindow": "volatility: annualised decimal; maxDrawdown and worstMonth: decimals, the drawdown on daily values; sharpe, beta, correlation, upCapture, downCapture: ratios; trackingError: annualised decimal",
  "percentiles": "percentile: 0 to 100, the share of the set at or below the figure, ties counted half (scores.pct_rank); value, median, low, high: decimals in the figure's own unit",
  "commonPeriod": "annualised returns and volatility: annualised decimals; maximum drawdowns: decimals"
 },
 "inputs": {
  "categories": {
   "path": "site/data/categories.json",
   "sha256": "2bcf95347545e478",
   "asOf": "2026-10-21",
   "generated": "2026-10-21T05:09:13-04:00",
   "code": {
    "path": "pipeline/categories.py",
    "sha256": "0a6b9a8297f87a3a",
    "bookDateRule": "5b93a30d78f9f9a2"
   }
  },
  "stockShareDate": "2026-06-30",
  "fund": {
   "fetched": "FPAA",
   "first": "2026-06-08",
   "last": "2026-10-20",
   "rows": 94,
   "sha256": "a9eea879a311685b",
   "nameCheck": "pass",
   "modelStart": "2026-06-08",
   "modelEnd": "2026-10-20"
  },
  "benchmark": {
   "start": "2010-01-04",
   "end": "2026-10-20",
   "knownFrom": "2026-10-05",
   "rebalances": 202,
   "securities": {
    "VT": {
     "fetched": "VT",
     "first": "2010-01-04",
     "last": "2026-10-20",
     "rows": 4225,
     "sha256": "f1752eb96c9cd2e4"
    },
    "BND": {
     "fetched": "BND",
     "first": "2010-01-04",
     "last": "2026-10-20",
     "rows": 4225,
     "sha256": "5d861746eea2df45"
    },
    "AGG": {
     "fetched": "AGG",
     "first": "2010-01-04",
     "last": "2026-10-20",
     "rows": 4225,
     "sha256": "13b61ef44116a9c5"
    }
   }
  },
  "shared": {
   "from": "2026-06-08",
   "to": "2026-10-20",
   "wholeMonths": 3
  },
  "engine": {
   "path": "pipeline/modelhub/engine.py",
   "sha256": "de3143ac5e77cf95"
  },
  "riskFree": {
   "source": "treasury",
   "series": "13-week coupon equivalent",
   "last": "2026-09"
  }
 },
 "published": {
  "url": "https://etfiq.com/data/modelhub/compare/fpaa.json",
  "page": "https://etfiq.com/funds/fpaa"
 }
}