Why is FPAA measured against ETFIQ Strategic 60?

FPAA holds 57.5% of its net assets in stocks, counting stocks inside any funds it owns. That puts it in the moderate band, more than 50% and up to 70% stocks. ETFIQ Strategic 60 is that band’s benchmark.

What does ETFIQ Strategic 60 hold?

60% VT and 40% US bonds (BND and AGG in equal parts), rebalanced on the last trading day of each month. It is a rule, not a fund. ETFIQ takes no payment from any fund company.

Why are the benchmark’s returns hypothetical?

Its rule was frozen on a set date. Returns before that date apply today’s rule and funds to earlier prices. The fund’s own returns use its market price with distributions reinvested. The price source leaves out funds that closed before 2016, so results lean toward funds that survived.

ETF Model Portfolios · FPAA · Moderate band

FPAA against the ETFIQ Strategic 60 benchmark

FPA Global Allocation ETF holds 57.5% of its net assets in stocks, counting stocks inside any funds it owns. That puts it in the moderate band. Its benchmark is ETFIQ Strategic, 60% stocks, a rule, not a fund.

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As of Oct 9, 2026, FPAA has no full year of prices to set beside the ETFIQ Strategic 60 benchmark.

Growth of $10,000

All

Trailing ranges end on Oct 9, 2026; All ends on Oct 9, 2026. FPAA’s line is its own market-price total return. The benchmark’s is dashed and shaded where hypothetical, before Oct 5, 2026. The largest drawdown of FPAA is shaded where the comparison dates it. Computed by ETFIQ from Tiingo daily prices. Not published: the 1Y range, the comparison carries no such window; the 3Y range, the comparison carries no such window; the 5Y range, the comparison carries no such window; the 10Y range, the comparison carries no such window.

FPAAStrategic 60, the benchmarkHypothetical

Value of $10,000 at six points from Jun 8, 2026 to Oct 9, 2026; the same numbers as the chart. FPAA is its market-price total return; the benchmark is hypothetical.
Value on	Jun 8, 2026	Jul 2, 2026	Jul 28, 2026	Aug 21, 2026	Sep 16, 2026	Oct 9, 2026
FPAA	$10,000	$10,157	$10,305	$10,537	$10,209	$10,180
Reference	$10,000	$10,118	$10,020	$10,259	$10,080	$10,152

FPAA and Strategic 60 by window

Window	From	To	FPAA	Strategic 60	Difference, points	Side
Year to date	not published	not published	not published	not published	not published	not published
1 year	not published	not published	not published	not published	not published	not published
3 years, a year	not published	not published	not published	not published	not published	not published
5 years, a year	not published	not published	not published	not published	not published	not published
10 years, a year	not published	not published	not published	not published	not published	not published
Since the shared start, a year	not published	not published	not published	not published	not published	not published

FPAA’s own market-price total return beside Strategic 60 over the same closes. YTD and 1 year are total returns; the longer windows are yearly rates over whole months. The difference is in percentage points. Data sourced by Tiingo.

Fees

Portfolio	Fee	A year	On $10,000	As of
FPAA	Expense ratio, from its prospectus	0.49%	$49	May 22, 2026
Strategic 60	Weighted fund fee, inside its returns	0.05%	$5	Oct 9, 2026

Both fees are already inside the returns above. On $10,000 is the fee times 100, the dollars a year at that fee.

How a benchmark is published

Each benchmark has its own page with its weights, calendar and returns. Rules were frozen on Oct 3, 2026. Figures before Oct 5, 2026 are hypothetical: we apply today’s rule and funds to earlier prices. Total returns use market price with distributions reinvested, after each fund’s own fees. Nothing else is deducted. The price source leaves out funds that closed before 2016, so results lean toward funds that survived. Methodology v1.3 →

Where to next

FPAA fund page→The Strategic 60 benchmark→Every benchmark at 60% stocks→Every model, side by side→How the benchmarks are built→

Questions people ask about FPAA and its benchmark

Why is FPAA measured against ETFIQ Strategic 60?: FPAA holds 57.5% of its net assets in stocks, counting stocks inside any funds it owns. That puts it in the moderate band, more than 50% and up to 70% stocks. ETFIQ Strategic 60 is that band’s benchmark.
What does ETFIQ Strategic 60 hold?: 60% VT and 40% US bonds (BND and AGG in equal parts), rebalanced on the last trading day of each month. It is a rule, not a fund. ETFIQ takes no payment from any fund company.
Why are the benchmark’s returns hypothetical?: Its rule was frozen on a set date. Returns before that date apply today’s rule and funds to earlier prices. The fund’s own returns use its market price with distributions reinvested. The price source leaves out funds that closed before 2016, so results lean toward funds that survived.

Cite this pageCitation, APA and Markdown

ETFIQ, FPAA ETF vs the ETFIQ Strategic 60 Benchmark, data as of Oct 9, 2026. https://etfiq.com/models/compare/fpaa/

Open data →

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data. Figures before Oct 5, 2026 are hypothetical.

Sources and credit

Prices and distributions, every fund the benchmarks holdData sourced by Tiingo · end of day · Oct 9, 2026 The risk-free rate, for the Sharpe ratioU.S. Treasury daily bill rates FPAA’s page, with its prospectus and feeFPAA’s page, with its prospectus and fee FPAA’s prospectus filing, for its expense ratioFPAA’s prospectus filing, for its expense ratio

Computed by ETFIQ from Tiingo daily prices. Data sourced by Tiingo.