FPAS vs. PLDR

Last updated Jul 14, 2026

FPAS (FPA Short Duration Government ETF) and PLDR (Putnam Sustainable Leaders ETF) are both exchange-traded funds - FPAS is a Government Bonds fund actively managed by FPA, while PLDR is a Sustainable fund actively managed by Power Corporation of Canada. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. FPAS charges 0.09%/yr vs 0.59%/yr for PLDR.

Performance

FPAS vs. PLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FPA Short Duration Government ETF (FPAS) and Putnam Sustainable Leaders ETF (PLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FPAS

• 1D: -0.02%
• 1M: -0.24%
• 6M: -0.62%
• YTD: -0.85%
• 1Y: 2.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLDR

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FPAS vs. PLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FPAS FPA Short Duration Government ETF	-0.85%	7.15%	-0.42%
PLDR Putnam Sustainable Leaders ETF	1.69%	12.03%	1.12%

Correlation

The correlation between FPAS and PLDR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 1, 2024	0.07

The correlation between FPAS and PLDR shifts across timeframes, from 0.07 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FPAS vs. PLDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FPAS

FPAS Risk / Return Rank: 22
FPAS Sharpe Ratio Rank: 23
FPAS Sortino Ratio Rank: 21
FPAS Omega Ratio Rank: 20
FPAS Calmar Ratio Rank: 23
FPAS Martin Ratio Rank: 23

PLDR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FPAS vs. PLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FPA Short Duration Government ETF (FPAS) and Putnam Sustainable Leaders ETF (PLDR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FPAS	PLDR	Difference
Sharpe ratio: Return per unit of total volatility	0.67	—	—
Sortino ratio: Return per unit of downside risk	1.00	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.88	—	—
Martin ratio: Return relative to average drawdown	2.23	—	—

Drawdowns

Drawdown Indicators

	FPAS	PLDR	Difference
Max Drawdown Largest peak-to-trough decline	-2.47%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	—	—
Current Drawdown Current decline from peak	-1.94%	—	—
Average Drawdown Average peak-to-trough decline	-0.74%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	—	—

Volatility

Volatility by Period

	FPAS	PLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.25%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.09%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.09%	—	—

FPAS vs. PLDR - Expense Ratio Comparison

FPAS has a 0.09% expense ratio, which is lower than PLDR's 0.59% expense ratio.

Dividends

FPAS vs. PLDR - Dividend Comparison

FPAS's dividend yield for the trailing twelve months is around 4.78%, while PLDR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FPAS FPA Short Duration Government ETF	4.78%	4.75%	0.68%	0.00%	0.00%	0.00%
PLDR Putnam Sustainable Leaders ETF	0.37%	0.37%	0.38%	0.56%	0.63%	0.39%

Frequently Asked Questions

Can I hold both FPAS and PLDR in my portfolio?

FPAS and PLDR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FPAS or PLDR?

On fees, FPAS is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FPAS or PLDR?

FPAS is cheaper with a 0.09% expense ratio, compared with 0.59% for PLDR.

Which ETF pays a higher dividend yield, FPAS or PLDR?

FPAS has the higher dividend yield at 4.78%, compared with 0.37% for PLDR.

What is the main difference between FPAS and PLDR?

FPAS is categorized as Government Bonds, while PLDR is Sustainable. They also come from different issuers: FPA and Power Corporation of Canada. Their fees differ too: 0.09% for FPAS and 0.59% for PLDR.