FPASvsSPTLETF Comparison
VS
ETF 2
SPTL
State Street SPDR Portfolio Long Term Treasury ETF
This fund is part of
US Government Bonds
-0.27%
FPA Short Duration Government ETF (FPAS) belongs to the US Aggregate Bonds segment. State Street SPDR Portfolio Long Term Treasury ETF (SPTL) 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 SPTL. FPAS is down -1.99% year-to-date (YTD) with +$12M in YTD flows. SPTL performs worse with -5.35% YTD performance, and +$1.32B in YTD flows. Run a side-by-side ETF comparison of FPAS and SPTL 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 SPTL 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 SPTL | +0.45%-2.22% | -1.41%-3.87% | -1.99%-5.35% | -1.93%-7.95% | n/a+11.70% | n/a-29.71% |
| Flows | FPAS SPTL | +$2M+$645M | +$5M+$1.28B | +$12M+$1.32B | +$12M+$49M | -+$5.28B | -+$10.78B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FPAS SPTL | +3.49%+9.66% | +3.17%+8.65% | n/a+11.74% | n/a+14.36% |
| Max drawdown | FPAS SPTL | -2.71%-6.73% | -4.18%-11.41% | n/a-13.74% | n/a-41.05% |
| Max drawdown duration | FPAS SPTL | 52d83d | 229d232d | n/a763d | n/a1779d |
Trading data
FPAS | SPTL | |
Last sale 10/19/2026 at 1:46 PM | $23.93 | $24.48 |
| Previous close 10/19/2026 | $23.97 | $24.30 |
| 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 | SPTL | |
|---|---|---|
| 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 | SPTL | |
|---|---|---|
| Last price | $23.93 | $24.48 |
| 1D performance | -0.18% | +0.72% |
| AuM | $15.59 M | $11.37 B |
| E/R | 8.9% | 0.03% |
Characteristics
FPAS | SPTL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Pacific Advisors | State Street Investment Management |
| Benchmark | - | Bloomberg US Long Treasury Index |
| N° of holdings | 3 | 100 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 31, 2024 | May 23, 2007 |
| ESG | No | No |
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Exposure
Countries
FPAS
USA
97.99%
Other
2.01%
SPTL
USA
98.1%
Other
1.9%
Sectors
FPAS
Sovereign
97.99%
Other
2.01%
SPTL
Sovereign
98.1%
Other
1.9%
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Diversification
FPAS
Total weight of top 3 holdings out of 3
97.99%
SPTL
Total weight of top 15 holdings out of 15
29.18%
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%
SPTL
USA, Bonds 5% 15may2056, USD
2.28%
USA, Bonds 4.75% 15feb2056, USD
2.19%
USA, Bonds 4.75% 15aug2055, USD
2.18%
USA, Bonds 4.75% 15may2055, USD
2.12%
USA, Bonds 4.625% 15may2054, USD
2.08%
USA, Bonds 4.625% 15nov2055, USD
2.08%
USA, Bonds 4.625% 15feb2055, USD
2.07%
USA, Bonds 4.5% 15nov2054, USD
2.04%
USA, Bonds 4.75% 15nov2053, USD
2.02%
USA, Bonds 4.25% 15aug2054, USD
1.95%
USA, Bonds 4.25% 15feb2054, USD
1.95%
USA, Bonds 4.125% 15aug2053, USD
1.74%
USA, Bonds 4% 15nov2052, USD
1.55%
USA, Bonds 1.75% 15aug2041, USD
1.50%
USA, Bonds 3.625% 15may2053, USD
1.44%
Frequently asked questions about FPAS and SPTL
How have the FPAS and SPTL ETFs performed in 2026?
As of October 16, 2026, FPAS is down -1.99% year-to-date (YTD), while SPTL has lost -5.35%. That puts FPAS better performer ahead so far this year.
Which ETF is attracting more investor money: FPAS or SPTL?
Year-to-date, the FPAS ETF saw +$12M in flows, compared to +$1.32B for SPTL.
Which ETF is more volatile: FPAS or SPTL?
Over the past year, FPAS had a volatility of 3.17%, while SPTL experienced 8.65%.
Which ETF is bigger: FPAS or SPTL?
As of October 16, 2026, FPAS holds $15.59 M in assets under management (AUM), while SPTL manages $11.37 B.
What sectors do the FPAS and SPTL ETFs invest in?
FPAS leans toward sectors like Sovereign. Meanwhile, SPTL focuses on Sovereign.
What are the top holdings of the FPAS ETF and SPTL 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). SPTL holds in its top three: USA, Bonds 5% 15may2056, USD, USA, Bonds 4.75% 15feb2056, USD and USA, Bonds 4.75% 15aug2055, USD.
Which ETF is more diversified: FPAS or SPTL?
FPAS has 3 securities. SPTL has 101 securities and a top 15 weight of 29.18%.
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