FPAG vs IQI

Comparison between FPA GLOBAL EQUITY ETF (FPAG, ETF) and Invesco Quality Municipal Income Trust (IQI, ETF).

5-Year PerformanceFPAG has outperformed IQI, delivering a return of +12.8% compared to +0.3%

FPAG vs IQI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FPAG(ETF)	IQI(ETF)
Net Assets	$540M	$541M
Expense Ratio	0.49%	N/A
Max Drawdown	29.10%	55.16%
Sharpe Ratio	1.00	1.53
5Y Beta	0.93	0.23
P/E Ratio	20.55	N/A
Forward P/E	16.53	N/A
5Y Dividends CAGR	N/A	4.12%
5Y EPS CAGR	14.52%	N/A
Debt to Equity	68.96%	N/A
P/S Ratio	2.12	N/A
P/B Ratio	2.28	N/A

Net Assets

FPAG

$540M

Winner

IQI

$541M

Expense Ratio

FPAG

0.49%

IQI

N/A

Max Drawdown

Winner

FPAG

29.10%

IQI

55.16%

Sharpe Ratio

FPAG

1.00

Winner

IQI

1.53

5Y Beta

FPAG

0.93

Winner

IQI

0.23

P/E Ratio

FPAG

20.55

IQI

N/A

Forward P/E

FPAG

16.53

IQI

N/A

5Y Dividends CAGR

FPAG

N/A

IQI

4.12%

5Y EPS CAGR

FPAG

14.52%

IQI

N/A

Debt to Equity

FPAG

68.96%

IQI

N/A

P/S Ratio

FPAG

2.12

IQI

N/A

P/B Ratio

FPAG

2.28

IQI

N/A

FPAG vs IQI - Historical Returns

Returns include dividend reinvestment.

Period	FPAG	IQI
1 month	+2.14%	+1.32%
3 months	+4.40%	+3.65%
6 months	+5.13%	+4.03%
1 year	+18.91%	+18.85%
5 years(CAGR)	+12.76%	+0.31%
10 years(CAGR)	N/A	+2.59%
Max(CAGR)	+12.76%	+5.36%

Winner

FPAG

+2.14%

IQI

+1.32%

Winner

FPAG

+4.40%

IQI

+3.65%

Winner

FPAG

+5.13%

IQI

+4.03%

Winner

FPAG

+18.91%

IQI

+18.85%

5Y(CAGR)

Winner

FPAG

+12.76%

IQI

+0.31%

10Y(CAGR)

FPAG

N/A

IQI

+2.59%

Max(CAGR)

Winner

FPAG

+12.76%

IQI

+5.36%

FPAG vs IQI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FPAG	IQI
2026	+8.47%	+5.73%
2025	+25.54%	+8.56%
2024	+17.02%	+9.98%
2023	+28.81%	+4.31%
2022	-18.45%	-27.10%
2021	+2.93%	+9.25%
2020	N/A	+8.86%
2019	N/A	+15.59%
2018	N/A	-4.47%
2017	N/A	+6.13%
2016	N/A	+2.85%
2015	N/A	+8.13%
2014	N/A	+19.39%
2013	N/A	-14.68%
2012	N/A	+7.81%
2011	N/A	+19.74%
2010	N/A	+8.35%
2009	N/A	+33.00%
2008	N/A	-20.84%
2007	N/A	-8.00%
2006	N/A	+10.77%
2005	N/A	+10.91%
2004	N/A	+1.23%
2003	N/A	+11.68%
2002	N/A	+7.07%
2001	N/A	+9.01%
2000	N/A	+16.17%
1999	N/A	-6.11%

FPAG vs IQI Drawdown Comparison

The maximum drawdown for FPAG was -28.44%, occurring on Oct 11, 2022. Recovery took 386 trading sessions.

The maximum drawdown for IQI was -50.21%, occurring on Oct 10, 2008. Recovery took 692 trading sessions.

The current FPAG drawdown is -1.39%. The current IQI drawdown is -2.14%.

Rank	FPAG	IQI
#1	-28.44% Jan 12, 2022 - Jul 28, 2023	-50.21% May 7, 2007 - Feb 3, 2010
#2	-18.05% Feb 18, 2025 - Jun 4, 2025	-35.34% Jul 29, 2021 - Jul 14, 2026
#3	-12.14% Feb 20, 2026 - May 28, 2026	-26.28% Mar 4, 2020 - Nov 24, 2020
#4	-11.85% Jul 28, 2023 - Dec 11, 2023	-22.85% Jul 25, 2012 - Jan 13, 2015
#5	-8.24% Jul 16, 2024 - Sep 26, 2024	-18.18% Sep 30, 2010 - Oct 28, 2011
#6	-5.36% Oct 27, 2025 - Nov 28, 2025	-13.33% Aug 18, 2016 - Apr 10, 2019
#7	-4.85% Jul 23, 2025 - Aug 22, 2025	-11.24% Mar 23, 2004 - Feb 4, 2005
#8	-4.73% Mar 28, 2024 - May 8, 2024	-10.07% Jun 17, 2003 - Jan 15, 2004
#9	-4.48% Dec 6, 2024 - Jan 21, 2025	-9.68% Nov 5, 1999 - Feb 3, 2000
#10	-4.38% Feb 7, 2024 - Mar 7, 2024	-9.35% Feb 2, 2015 - Dec 1, 2015
#11	-3.91% Dec 28, 2023 - Jan 25, 2024	-8.54% Sep 12, 2000 - Jan 2, 2001
#12	-3.84% Sep 18, 2025 - Oct 20, 2025	-7.40% Mar 1, 2012 - Jun 11, 2012
#13	-3.63% Nov 7, 2024 - Dec 6, 2024	-7.23% Oct 2, 2002 - Feb 27, 2003
#14	-3.31% Jun 15, 2026 - Jul 2, 2026	-7.19% Feb 4, 2002 - Jul 10, 2002
#15	-3.09% Jun 4, 2026 - Jun 15, 2026	-7.14% Feb 8, 2000 - Jul 18, 2000

Correlation

Correlation between FPAG and IQI is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2000 - 2026)

FPAG vs IQI dividend yield comparison.

Year	FPAG	IQI
2026	0.32%	4.39%
2025	1.99%	7.60%
2024	1.42%	6.48%
2023	1.51%	4.70%
2022	1.22%	5.82%
2021	0.00%	4.53%
2020	0.00%	4.61%
2019	0.00%	4.88%
2018	0.00%	6.04%
2017	0.00%	5.33%
2016	0.00%	6.15%
2015	0.00%	6.08%
2014	0.00%	6.24%
2013	0.00%	7.39%
2012	0.00%	6.43%
2011	0.00%	6.46%
2010	0.00%	6.96%
2009	0.00%	6.59%
2008	0.00%	7.30%
2007	0.00%	5.66%
2006	0.00%	6.73%
2005	0.00%	7.70%
2004	0.00%	6.33%
2003	0.00%	8.51%
2002	0.00%	8.43%
2001	0.00%	8.85%
2000	0.00%	2.65%