FPA Short Duration Government ETF (FPAS) belongs to the Government Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FPAS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FPAS
FPAS charges 0.09% annually. There are 43 ETFs in the Government Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Short-Term U.S. Treasury ETF | 0.03% | 12.67B | Aug 2010 | FPAS vs SCHO | |
| Vanguard Short-Term Treasury ETF | 0.03% | 33.90B | Nov 2009 | FPAS vs VGSH | |
| Schwab Long-Term U.S. Treasury ETF | 0.03% | 755.94M | Oct 2019 | FPAS vs SCHQ | |
| Vanguard Long-Term Treasury ETF | 0.03% | 14.80B | Nov 2009 | FPAS vs VGLT | |
| State Street SPDR Portfolio Treasury ETF | 0.03% | 283.18M | May 2024 | FPAS vs SPTB |
Best Risk-Adjusted Alternatives to FPAS
FPAS has a PortfoliosLab risk / return rank of 22. There are 42 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.75B | May 2007 | FPAS vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.68B | Sep 2016 | FPAS vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.86B | Jan 2007 | FPAS vs SHV | |
| WisdomTree Floating Rate Treasury Fund | 100 | 17.91B | Feb 2014 | FPAS vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.55B | Feb 2014 | FPAS vs TFLO |
Top Performing FPAS Alternatives (YTD)
FPAS is at -0.85% YTD. There are 47 ETFs in the Government Bonds category with higher YTD returns, going as high as 4.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quadratic Deflation ETF | 4.72% | 67.49M | Sep 2021 | FPAS vs BNDD | |
| Simplify Treasury Option Income ETF | 2.36% | 474.96M | Oct 2022 | FPAS vs BUCK | |
| iShares Global Government Bond USD Hedged Active E... | 2.36% | 2.91B | Jun 2025 | FPAS vs GGOV | |
| WisdomTree Floating Rate Treasury Fund | 2.05% | 17.91B | Feb 2014 | FPAS vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 2.02% | 6.55B | Feb 2014 | FPAS vs TFLO |
Lowest Volatility Alternatives to FPAS
FPAS has 3.25% 1-year volatility. There are 36 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 0.20%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.75B | May 2007 | FPAS vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.86B | Jan 2007 | FPAS vs SHV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.23% | 7.68B | Sep 2016 | FPAS vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 17.91B | Feb 2014 | FPAS vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 0.29% | 6.55B | Feb 2014 | FPAS vs TFLO |
Lowest Drawdown Alternatives to FPAS
FPAS has a 1-year max drawdown of -2.47%. There are 30 ETFs in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 46.75B | May 2007 | FPAS vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.68B | Sep 2016 | FPAS vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.91B | Feb 2014 | FPAS vs USFR | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.55B | Feb 2014 | FPAS vs TFLO | |
| iShares 0-1 Year Treasury Bond ETF | -0.03% | 20.86B | Jan 2007 | FPAS vs SHV |
Other ETFs from FPA
The 1 most viewed FPA ETFs shown here include FPAG and span 1 categories. AUM among these funds goes as high as $435M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| FPA Global Equity ETF | Global Equities | 45 | 9.74% | 434.64M | Dec 2021 | FPAS vs FPAG |
Often Compared With FPAS
Investors most often compare FPAS with IDME, PFUT, SPAX. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare FPAS with Any Fund or Stock
Compare FPAS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FPAS with funds that move differently
FPA Short Duration Government ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FPAS.
Explore FPAS Diversifiers