IQI vs FPAG

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

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

IQI vs FPAG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

IQI

$541M

FPAG

$540M

Expense Ratio

IQI

N/A

FPAG

0.49%

Max Drawdown

IQI

55.16%

Winner

FPAG

29.10%

Sharpe Ratio

Winner

IQI

1.53

FPAG

1.00

5Y Beta

Winner

IQI

0.23

FPAG

0.93

P/E Ratio

IQI

N/A

FPAG

20.55

Forward P/E

IQI

N/A

FPAG

16.53

5Y Dividends CAGR

IQI

4.12%

FPAG

N/A

5Y EPS CAGR

IQI

N/A

FPAG

14.52%

Debt to Equity

IQI

N/A

FPAG

68.96%

P/S Ratio

IQI

N/A

FPAG

2.12

P/B Ratio

IQI

N/A

FPAG

2.28

IQI vs FPAG - Historical Returns

Returns include dividend reinvestment.

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

IQI

+1.32%

Winner

FPAG

+2.14%

IQI

+3.65%

Winner

FPAG

+4.40%

IQI

+4.03%

Winner

FPAG

+5.13%

IQI

+18.85%

Winner

FPAG

+18.91%

5Y(CAGR)

IQI

+0.31%

Winner

FPAG

+12.76%

10Y(CAGR)

IQI

+2.59%

FPAG

N/A

Max(CAGR)

IQI

+5.36%

Winner

FPAG

+12.76%

IQI vs FPAG - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

IQI vs FPAG Drawdown Comparison

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

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

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

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

Correlation

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

0.81

-101

Dividend Comparison (2000 - 2026)

IQI vs FPAG dividend yield comparison.

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