FPASvsSCHPETF Comparison
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FPA Short Duration Government ETF (FPAS) belongs to the US Aggregate Bonds segment. Schwab U.S. TIPS ETF (SCHP) is part of the Inflation-linked Bonds segment. Both ETFs have the same top 1 sector exposures: Sovereign. FPAS is more expensive with a Total Expense Ratio (TER) of 8.9%, versus 0.03% for SCHP. FPAS is down -1.99% year-to-date (YTD) with +$12M in YTD flows. SCHP performs better with -0.87% YTD performance, and +$2.29B in YTD flows. Run a side-by-side ETF comparison of FPAS and SCHP 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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FPAS vs SCHP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FPAS SCHP | +0.45%-0.39% | -1.41%-1.81% | -1.99%-0.87% | -1.93%-1.56% | n/a+13.94% | n/a+0.46% |
| Flows | FPAS SCHP | +$2M+$146M | +$5M+$342M | +$12M+$2.29B | +$12M+$2.51B | -+$4.82B | --$910M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPAS SCHP | +3.49%+3.87% | +3.17%+3.41% | n/a+4.39% | n/a+5.99% |
| Max drawdown | FPAS SCHP | -2.71%-3.40% | -4.18%-3.86% | n/a-3.86% | n/a-14.24% |
| Max drawdown duration | FPAS SCHP | 52d55d | 229d162d | n/a162d | n/a1442d |
Trading data
FPAS | SCHP | |
Last sale 10/19/2026 at 1:46 PM | $23.93 | $25.45 |
| Previous close 10/19/2026 | $23.97 | $25.38 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FPAS
is actively managed and doesn’t replicate an indexFPAS | SCHP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:46 PM
Live
Closed
FPAS | SCHP | |
|---|---|---|
| Last price | $23.93 | $25.45 |
| 1D performance | -0.18% | +0.28% |
| AuM | $15.59 M | $16.22 B |
| E/R | 8.9% | 0.03% |
Characteristics
FPAS | SCHP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Pacific Advisors | Schwab ETFs |
| Benchmark | - | Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index |
| N° of holdings | 3 | 48 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 31, 2024 | August 5, 2010 |
| ESG | No | No |
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Exposure
Countries
FPAS
USA
97.99%
Other
2.01%
SCHP
USA
100%
Other
-0%
Sectors
FPAS
Sovereign
97.99%
Other
2.01%
SCHP
Sovereign
100%
Other
-0%
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Diversification
FPAS
Total weight of top 3 holdings out of 3
97.99%
SCHP
Total weight of top 15 holdings out of 15
52.79%
Top 15 holdings
Data as of August 31, 2026
FPAS
USA, Notes 4.125% 30jun2031, USD (AA-2031)
57.93%
USA, Notes 4.125% 31may2031, USD (Z-2031)
22.29%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
17.77%
SCHP
USA, TIPS 1.875% 15jul2035, USD (D-2035)
4.10%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.06%
USA, TIPS 1.875% 15jan2036, USD (A-2036)
4.02%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
3.79%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
3.63%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
3.44%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
3.40%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
3.39%
USA, TIPS 1.125% 15jan2033, USD (A-2033)
3.38%
USA, TIPS 1.375% 15jul2033, USD (D-2033)
3.36%
USA, TIPS 0.625% 15jul2032, USD (D-2032)
3.36%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
3.33%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
3.21%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
3.18%
USA, TIPS 0.125% 15jan2032, USD (A-2032)
3.15%
Frequently asked questions about FPAS and SCHP
How have the FPAS and SCHP ETFs performed in 2026?
As of October 16, 2026, FPAS is down -1.99% year-to-date (YTD), while SCHP has lost -0.87%. That puts SCHP better performer ahead so far this year.
Which ETF is attracting more investor money: FPAS or SCHP?
Year-to-date, the FPAS ETF saw +$12M in flows, compared to +$2.29B for SCHP.
Which ETF is more volatile: FPAS or SCHP?
Over the past year, FPAS had a volatility of 3.17%, while SCHP experienced 3.41%.
Which ETF is bigger: FPAS or SCHP?
As of October 16, 2026, FPAS holds $15.59 M in assets under management (AUM), while SCHP manages $16.22 B.
What sectors do the FPAS and SCHP ETFs invest in?
FPAS leans toward sectors like Sovereign. Meanwhile, SCHP focuses on Sovereign.
What are the top holdings of the FPAS ETF and SCHP ETF?
FPAS 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). SCHP holds in its top three: USA, TIPS 1.875% 15jul2035, USD (D-2035), USA, TIPS 2.125% 15jan2035, USD (A-2035) and USA, TIPS 1.875% 15jan2036, USD (A-2036).
Which ETF is more diversified: FPAS or SCHP?
FPAS has 3 securities. SCHP has 48 securities and a top 15 weight of 52.79%.
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