TLT vs FPAS

ATLT

BFPAS

Measures won2–2level · of 6 · 5Y

$10,000 · 5Y$12,090SGOV · MUB $10,414

Lowest cost0.05%MUB · $5 on $10k

Most income4.77%TLT · $477 on $10k

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

Held in common[…]TLT and FPAS

TLT

FPAS

iShares 20+ Year Treasury Bond ETF · $48.9BFPA Short Duration Government ETF · $16M

+3.1%3 years · per year$10,947 · […][…]

−7.8%5 years · per year$6,663 · […][…]

0.15%Expense ratio$15 · $890 on $10k · lower wins8.90%

4.77%12-mo yield$477 · $464 on $10k4.64%

−12.5%Worst dropSmaller wins−4.6%

9.6%VolatilityLower wins3.7%

2–2Level

$10,000 · 5 yearsAll four, one scale

Shared top holdingsTLT · FPAS

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

Held in common[…]

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Four

5Y4 funds

#
1	SGOV	iShares 0-3 Month Treasury Bond ETFRead Desk	0.09%	3.63%	0.0%	+3.2%	+3.8%	+4.5%	+3.9%	0.0%	$116.5B
2	MUB	iShares National Muni Bond ETFRead Desk	0.05%	3.27%	+0.4%	+0.5%	+0.9%	+4.5%	+0.8%	−6.3%	$55.0B
3	ATLT	iShares 20+ Year Treasury Bond ETFRead Desk	0.15%	4.77%	0.0%	−2.3%	−3.6%	+3.1%	−7.8%	−12.5%	$48.9B
4	BFPAS	FPA Short Duration Government ETFRead Desk	8.90%	4.64%	−0.1%	−0.9%	+0.1%	new	new	−4.6%	$16M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Four

5Y4 funds

#
1	SGOV	iShares 0-3 Month Treasury Bond ETFRead Desk	0.09%	3.63%	0.0%	+3.2%	+3.8%	+4.5%	+3.9%	0.0%	$116.5B
2	MUB	iShares National Muni Bond ETFRead Desk	0.05%	3.27%	+0.4%	+0.5%	+0.9%	+4.5%	+0.8%	−6.3%	$55.0B
3	ATLT	iShares 20+ Year Treasury Bond ETFRead Desk	0.15%	4.77%	0.0%	−2.3%	−3.6%	+3.1%	−7.8%	−12.5%	$48.9B
4	BFPAS	FPA Short Duration Government ETFRead Desk	8.90%	4.64%	−0.1%	−0.9%	+0.1%	new	new	−4.6%	$16M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

TLT vs FPAS

TLT

iShares 20+ Year Treasury Bond

$6,663

FPAS

FPA Short Duration Government

[…]

MeasureTLTFPAS

Fee0.15%8.90%

Cost on $10k a year$15$890

Yield4.77%4.64%

5 years, per year−7.8%[…]

3 years, per year+3.1%[…]

Worst drop · 1Y−12.5%−4.6%

Volatility · 1Y9.6%3.7%

2–2measures won
level

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SGOV vs BIL

YTD

iSharesSGOV

+3.2%

BILSPDR

+3.1%

+3.2%Year to date+3.1%

3.6%Yield3.7%

$117BAssets$48.3B

1–1level

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+3.2%

JEPIJ.P. Morgan

+5.3%

+3.2%Year to date+5.3%

12.8%Yield8.1%

$40.7BAssets$45.2B

1–1level

End-of-day Nov 6, 2026

Overlap: TLT, FPAS, SGOV, MUB

Today

[…]holdings […]

TLTFPASSGOVMUB

TLT—[…][…][…]

FPAS[…]—[…][…]

SGOV[…][…]—[…]

MUB[…][…][…]—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$462most kept, TLT

TLT$477 − $15 = $462

SGOV$363 − $9 = $354

MUB$327 − $5 = $322

FPAS$464 − $890 = −$426

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee