FPAAvsCGBLETF Comparison
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FPA Global Allocation ETF (FPAA) belongs to the Multi-Asset: Other segment. Capital Group Core Balanced ETF (CGBL) is part of the Multi-Asset: Moderate segment. FPAA's top 3 sector exposures are Sovereign, Technology and Consumer Non-Cyclicals. In contrast, CGBL's top sector exposures are Technology, Finance and Industrials. FPAA is more expensive with a Total Expense Ratio (TER) of 1.33%, versus 0.33% for CGBL. Run a side-by-side ETF comparison of FPAA and CGBL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FPAA vs CGBL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPAA CGBL | +1.04%-0.05% | +0.67%-0.85% | n/a+5.85% | n/a+8.25% | n/a+54.73% | n/an/a |
| Flows | FPAA CGBL | +$7M+$256M | +$15M+$874M | -+$3.20B | -+$3.91B | -+$7.17B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPAA CGBL | +8.08%+8.52% | n/a+10.47% | n/a+10.95% | n/an/a |
| Max drawdown | FPAA CGBL | -4.40%-4.17% | n/a-7.88% | n/a-11.64% | n/an/a |
| Max drawdown duration | FPAA CGBL | 51d64d | n/a50d | n/a116d | n/an/a |
Trading data
FPAA | CGBL | |
Last sale 10/16/2026 at 1:30 PM | $25.19 | $36.85 |
| Previous close 10/16/2026 | $25.26 | $37.09 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FPAA | CGBL | |
|---|---|---|
| Last price | $25.19 | $36.85 |
| 1D performance | -0.28% | -0.65% |
| AuM | $27.87 M | $7.81 B |
| E/R | 1.33% | 0.33% |
Characteristics
FPAA | CGBL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Pacific Advisors | Capital Group |
| Benchmark | - | - |
| N° of holdings | 10775 | 1072 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 5, 2026 | September 26, 2023 |
| ESG | No | No |
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Exposure
Countries
FPAA
USA
70.02%
Other
29.98%
CGBL
USA
77.82%
Other
22.18%
Sectors
FPAA
Sovereign
35.98%
Technology
12.92%
Consumer Non-Cycl.
8.56%
Healthcare
7.67%
Other
34.87%
CGBL
Technology
22.61%
Finance
14.49%
Industrials
10.65%
Sovereign
7.71%
Non-Energy Materi.
7.01%
Other
37.53%
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Diversification
FPAA
Total weight of top 15 holdings out of 15
59.12%
CGBL
Total weight of top 15 holdings out of 15
33.32%
Top 15 holdings
Data as of August 31, 2026
FPAA
USA, Notes 4.125% 30jun2031, USD (AA-2031)
21.27%
USA, Notes 4.125% 31may2031, USD (Z-2031)
8.18%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
6.53%
Alphabet, Inc.
2.41%
International Flavors & Fragrances, Inc.
2.26%
Heineken Holding NV
2.03%
US9220408457
2.03%
Analog Devices, Inc.
2.02%
Citigroup, Inc.
1.94%
Becton, Dickinson & Co.
1.92%
Meta Platforms, Inc.
1.80%
Amazon.com, Inc.
1.75%
Arthur J. Gallagher & Co.
1.72%
The Magnum Ice Cream Co. N.V.
1.63%
Glencore Plc
1.63%
CGBL
Capital Group Central Cash Fund
5.79%
Broadcom Inc.
4.42%
Taiwan Semiconductor Manufacturing Co., Ltd.
3.00%
Alphabet, Inc.
2.64%
Microsoft Corp.
2.49%
Philip Morris International, Inc.
2.14%
Apple, Inc.
2.13%
Micron Technology, Inc.
1.98%
Wheaton Precious Metals Corp.
1.45%
Royal Gold, Inc.
1.28%
Vertex Pharmaceuticals, Inc.
1.27%
Booking Holdings, Inc.
1.24%
ATI, Inc.
1.23%
Franco-Nevada Corp.
1.16%
US912810UX45
1.11%
Frequently asked questions about FPAA and CGBL
Which ETF is bigger: FPAA or CGBL?
As of October 16, 2026, FPAA holds $27.87 M in assets under management (AUM), while CGBL manages $7.81 B.
What sectors do the FPAA and CGBL ETFs invest in?
FPAA leans toward sectors like Sovereign, Technology and Consumer Non-Cyclicals. Meanwhile, CGBL focuses on Technology, Finance and Industrials.
What are the top holdings of the FPAA ETF and CGBL ETF?
FPAA top holdings include USA, Notes 4.125% 30jun2031, USD (AA-2031), USA, Notes 4.125% 31may2031, USD (Z-2031) and USA, Notes 4.375% 31jul2031, USD (AB-2031). CGBL holds in its top three: Capital Group Central Cash Fund, Broadcom Inc. and Taiwan Semiconductor Manufacturing Co., Ltd..
Which ETF is more diversified: FPAA or CGBL?
FPAA holds 11103 securities with 59.12% of its assets in the top 15. CGBL has 1857 securities and a top 15 weight of 33.32%.
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Latest news about FPAA & CGBL
A Close Look at Capital Group's 5 New Active ETFs Listed on NYSE ARCA
October 26, 2023
CGBL
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