FPAS vs TLT

AFPAS

BTLT

Measures won2–2level · of 6 · 5Y

$10,000 · 5Y$12,084SGOV · TLT $6,714

Lowest cost0.09%SGOV · $9 on $10k

Most income4.82%TLT · $482 on $10k

Smallest drop0.0%SGOV · worst fall in 1Y

Held in common[…]FPAS and TLT

FPAS

TLT

FPA Short Duration Government ETF · $16MiShares 20+ Year Treasury Bond ETF · $48.3B

[…]3 years · per year[…] · $10,971+3.1%

[…]5 years · per year[…] · $6,714−7.7%

8.90%Expense ratio$890 · $15 on $10k · lower wins0.15%

4.67%12-mo yield$467 · $482 on $10k4.82%

−4.6%Worst dropSmaller wins−12.5%

3.7%VolatilityLower wins9.6%

2–2Level

$10,000 · 5 yearsAll three, one scale

Shared top holdingsFPAS · TLT

They share no top holdings, or holdings aren’t on file […]

Held in common[…]

End-of-day Nov 3, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	SGOV	iShares 0-3 Month Treasury Bond ETFRead Desk	0.09%	3.63%	0.0%	+3.1%	+3.8%	+4.5%	+3.9%	0.0%	$116.5B
2	BTLT	iShares 20+ Year Treasury Bond ETFRead Desk	0.15%	4.82%	−0.8%	−3.3%	−5.6%	+3.1%	−7.7%	−12.5%	$48.3B
3	AFPAS	FPA Short Duration Government ETFRead Desk	8.90%	4.67%	−0.2%	−1.3%	−0.4%	new	new	−4.6%	$16M

End-of-day Nov 3, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	SGOV	iShares 0-3 Month Treasury Bond ETFRead Desk	0.09%	3.63%	0.0%	+3.1%	+3.8%	+4.5%	+3.9%	0.0%	$116.5B
2	BTLT	iShares 20+ Year Treasury Bond ETFRead Desk	0.15%	4.82%	−0.8%	−3.3%	−5.6%	+3.1%	−7.7%	−12.5%	$48.3B
3	AFPAS	FPA Short Duration Government ETFRead Desk	8.90%	4.67%	−0.2%	−1.3%	−0.4%	new	new	−4.6%	$16M

End-of-day Nov 3, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

FPAS vs TLT

FPAS

FPA Short Duration Government

[…]

TLT

iShares 20+ Year Treasury Bond

$6,714

MeasureFPASTLT

Fee8.90%0.15%

Cost on $10k a year$890$15

Yield4.67%4.82%

5 years, per year[…]−7.7%

3 years, per year[…]+3.1%

Worst drop · 1Y−4.6%−12.5%

Volatility · 1Y3.7%9.6%

2–2measures won
level

Nov 3, 2026 · $10,000 five years ago, dividends reinvested

SGOV vs BIL

YTD

iSharesSGOV

+3.1%

BILSPDR

+3.1%

+3.1%Year to date+3.1%

3.6%Yield3.7%

$117BAssets$48.1B

1–0BIL wins

End-of-day Nov 3, 2026

SCHD vs VIG

YTD

SchwabSCHD

+32.8%

VIGVanguard

+14.0%

+32.8%Year to date+14.0%

3.0%Yield1.5%

$121BAssets$109B

2–0SCHD wins

End-of-day Nov 3, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+7.5%

JEPIJ.P. Morgan

+7.0%

+7.5%Year to date+7.0%

12.3%Yield8.0%

$41.8BAssets$46.0B

2–0JEPQ wins

End-of-day Nov 3, 2026

Overlap: FPAS, TLT, SGOV

Today

[…]holdings […]

FPASTLTSGOV

FPAS—[…][…]

TLT[…]—[…]

SGOV[…][…]—

End-of-day Nov 3, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$467most kept, TLT

TLT$482 − $15 = $467

SGOV$363 − $9 = $354

FPAS$467 − $890 = −$423

KeptFee

End-of-day Nov 3, 2026 · yield in dollars minus the fee