Northern Lights Fund Trust III - FPA Global Equity ETF

10-Year Study

FPAG.US · · US · ETF

Executive Summary: Northern Lights Fund Trust III - FPA Global Equity ETF has compounded at 11.7% annually over the last 10 years, with a maximum drawdown of 26.5% and an annualized volatility of 13.5%.

1Y CAGR
+25.3%
3Y CAGR
+21.8%
5Y CAGR
+11.7%
10Y CAGR
+11.7%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
26.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.50
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.79
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
17.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +29.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -17.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20264.82.2-8.77.1————————4.7%
20255.0-0.1-5.00.06.96.40.74.30.61.31.51.625.2%
20240.43.54.7-3.55.80.82.80.31.5-0.92.7-3.115.6%
202310.4-3.01.71.6-0.17.54.5-3.5-3.7-3.49.56.129.5%
2022-2.7-3.00.3-10.33.9-9.87.7-4.5-10.34.811.3-4.1-17.9%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 13.5%. The dominant macroeconomic risk driver is VEA.US, accounting for 37.8% of variance. Idiosyncratic stock-specific factors contribute 5.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2021-12-0110000
2022-01-019725.477498121558
2022-02-019433.43669958612
2022-03-019465.318338999798
2022-04-018494.381276178852
2022-05-018822.828582221835
2022-06-017960.405328551088
2022-07-018573.172098584007
2022-08-018189.59612438821
2022-09-017349.382085673604
2022-10-017699.955581570088
2022-11-018568.64723049014
2022-12-018213.424328845826
2023-01-019064.058017941725
2023-02-018793.645258643952
2023-03-018947.40774873283
2023-04-019089.0485738363
2023-05-019076.055145273172
2023-06-019758.438463869552
2023-07-0110194.486302933694
2023-08-019839.05583853278
2023-09-019477.896642049724
2023-10-019160.118061695954
2023-11-0110029.349373783165
2023-12-0110640.040516250088
2024-01-0110687.323312203445
2024-02-0111065.544167278978
2024-03-0111586.858786754176
2024-04-0111177.503518188725
2024-05-0111824.476630509234
2024-06-0111917.132645055233
2024-07-0112255.293888107071
2024-08-0112289.54174294598
2024-09-0112479.876790747683
2024-10-0112363.641647051989
2024-11-0112697.859197728434
2024-12-0112304.403236318502
2025-01-0112922.02697485585
2025-02-0112913.93202734847
2025-03-0112273.227310277263
2025-04-0112273.227310277263
2025-05-0113118.837980663453
2025-06-0113959.1350444807
2025-07-0114055.195088234928
2025-08-0114660.03296096575
2025-09-0114751.06998601027
2025-10-0114939.993607067097
2025-11-0115162.210294282477
2025-12-0115401.156539679774
2026-01-0116140.079953173845
2026-02-0116488.785384260933
2026-03-0115060.753618856665
2026-04-0116131.777442909864
Annual Return Matrix
YearAnnual Return
2022-0.17865756711541736
20230.29544512620417085
20240.15642447202400223
20250.25167846370807223
20260.04743935309973035
Total Factor Risk
0.134809979100002
VTI.US Exposure
0.2807341466166327
VEA.US Exposure
0.3783600862595597
VWO.US Exposure
0.14942548919255327
QQQ.US Exposure
0.036656544056035946
VTV.US Exposure
-0.05729507521130268
IJR.US Exposure
0.13351604471725279
QUAL.US Exposure
0.09595861901272598
SHV.US Exposure
0.003921520301080566
TLT.US Exposure
0.019078381592274825
LQD.US Exposure
-0.024039494787327302
HYG.US Exposure
-0.013621432858404588
GLD.US Exposure
-0.010222872584695222
USO.US Exposure
0.004596338609669281
VNQ.US Exposure
-0.06282410924499966
BTC-USD.CC Exposure
-0.012890592190453628
CPER.US Exposure
0.028784011314118833
VIX.INDX Exposure
-0.007231515252263382
UUP.US Exposure
-0.001941384450557561
TIP.US Exposure
0.001986492790661194
Idiosyncratic Exposure
0.05704880211743893
Value Score
44.1
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
22.3
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
13.5%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →14.7x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →1.86%
Market Cap$63.2B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.5%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+6.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
2.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.07
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Northern Lights Fund Trust III - FPA Global Equity ETF a high-risk investment?

Northern Lights Fund Trust III - FPA Global Equity ETF (FPAG.US) has an annualized volatility of 13.5% and experienced a maximum drawdown of 26.5% over the last 10 years. Its primary macro risk driver is VEA.US.

What is the 10-year return of FPAG.US?

Over the past 10 years, FPAG.US has generated a Compound Annual Growth Rate (CAGR) of 11.7%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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