FPASvsSCHRETF Comparison
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FPA Short Duration Government ETF (FPAS) belongs to the US Aggregate Bonds segment. Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is part of the US Government 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 SCHR. FPAS is down -1.99% year-to-date (YTD) with +$12M in YTD flows. SCHR performs worse with -2.05% YTD performance, and +$1.60B in YTD flows. Run a side-by-side ETF comparison of FPAS and SCHR 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 SCHR 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 SCHR | +0.45%-0.23% | -1.41%-1.68% | -1.99%-2.05% | -1.93%-2.02% | n/a+13.55% | n/a-0.51% |
| Flows | FPAS SCHR | +$2M+$377M | +$5M+$590M | +$12M+$1.60B | +$12M+$2.54B | -+$6.41B | -+$10.93B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPAS SCHR | +3.49%+3.70% | +3.17%+3.43% | n/a+4.34% | n/a+5.38% |
| Max drawdown | FPAS SCHR | -2.71%-2.93% | -4.18%-4.52% | n/a-4.52% | n/a-13.76% |
| Max drawdown duration | FPAS SCHR | 52d55d | 229d232d | n/a232d | n/a1397d |
Trading data
FPAS | SCHR | |
Last sale 10/19/2026 at 1:46 PM | $23.93 | $23.88 |
| Previous close 10/19/2026 | $23.97 | $23.84 |
| 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 | SCHR | |
|---|---|---|
| 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 | SCHR | |
|---|---|---|
| Last price | $23.93 | $23.88 |
| 1D performance | -0.18% | +0.17% |
| AuM | $15.59 M | $13.55 B |
| E/R | 8.9% | 0.03% |
Characteristics
FPAS | SCHR | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Pacific Advisors | Schwab ETFs |
| Benchmark | - | Bloomberg 3-10 Year U.S. Treasury Index |
| N° of holdings | 3 | 99 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 31, 2024 | August 5, 2010 |
| ESG | No | No |
Exposure
Countries
FPAS
USA
97.99%
Other
2.01%
SCHR
USA
100%
Other
0%
Sectors
FPAS
Sovereign
97.99%
Other
2.01%
SCHR
Sovereign
100%
Other
0%
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Diversification
FPAS
Total weight of top 3 holdings out of 3
97.99%
SCHR
Total weight of top 15 holdings out of 15
28.2%
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%
SCHR
USA, Notes 3.5% 30sep2029, USD (AD-2029)
2.48%
USA, Notes 4.625% 15feb2035, USD (B-2035)
1.91%
USA, Notes 4.375% 15may2036, USD (C-2036)
1.91%
USA, Notes 4.25% 15nov2034, USD (F-2034)
1.91%
USA, Notes 4.25% 15may2035, USD (C-2035)
1.90%
USA, Notes 4.25% 15aug2035, USD (E-2035)
1.90%
USA, Notes 4.375% 15may2034, USD (C-2034)
1.89%
USA, Notes 4.125% 15feb2036, USD (B-2036)
1.88%
USA, Notes 4% 15nov2035, USD (F-2035)
1.86%
USA, Notes 4% 15feb2034, USD (B-2034)
1.84%
USA, Notes 4.5% 15nov2033, USD (F-2033)
1.82%
USA, Notes 3.875% 15aug2034, USD (E-2034)
1.82%
USA, Notes 3.875% 30sep2029, USD (Q-2029)
1.72%
USA, Notes 4% 28feb2030, USD (H-2030)
1.68%
USA, Notes 3.875% 15aug2033, USD (E-2033)
1.67%
Frequently asked questions about FPAS and SCHR
How have the FPAS and SCHR ETFs performed in 2026?
As of October 16, 2026, FPAS is down -1.99% year-to-date (YTD), while SCHR has lost -2.05%. That puts FPAS better performer ahead so far this year.
Which ETF is attracting more investor money: FPAS or SCHR?
Year-to-date, the FPAS ETF saw +$12M in flows, compared to +$1.60B for SCHR.
Which ETF is more volatile: FPAS or SCHR?
Over the past year, FPAS had a volatility of 3.17%, while SCHR experienced 3.43%.
Which ETF is bigger: FPAS or SCHR?
As of October 16, 2026, FPAS holds $15.59 M in assets under management (AUM), while SCHR manages $13.55 B.
What sectors do the FPAS and SCHR ETFs invest in?
FPAS leans toward sectors like Sovereign. Meanwhile, SCHR focuses on Sovereign.
What are the top holdings of the FPAS ETF and SCHR 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). SCHR holds in its top three: USA, Notes 3.5% 30sep2029, USD (AD-2029), USA, Notes 4.625% 15feb2035, USD (B-2035) and USA, Notes 4.375% 15may2036, USD (C-2036).
Which ETF is more diversified: FPAS or SCHR?
FPAS has 3 securities. SCHR has 99 securities and a top 15 weight of 28.2%.
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