FPAS vs MUB

AFPAS

BMUB

Measures won2–1FPAS wins · of 6 · 5Y

$10,000 · 5Y$11,413VTIP · MUB $10,414

Lowest cost0.03%VTIP · $3 on $10k

Most income4.81%VTIP · $481 on $10k

Smallest drop−2.6%VTIP · worst fall in 1Y

Held in common[…]FPAS and MUB

FPAS

MUB

FPA Short Duration Government ETF · $16MiShares National Muni Bond ETF · $54.9B

[…]3 years · per year[…] · $11,418+4.5%

[…]5 years · per year[…] · $10,414+0.8%

8.90%Expense ratio$890 · $5 on $10k · lower wins0.05%

4.64%12-mo yield$464 · $327 on $10k3.27%

−4.6%Worst dropSmaller wins−6.3%

3.7%VolatilityLower wins3.7%

2–1FPAS wins

$10,000 · 5 yearsAll four, one scale

Shared top holdingsFPAS · MUB

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	VTIP	Vanguard Short-Term Inflation-Protected Securities ETFRead Desk	0.03%	4.81%	0.0%	+0.6%	+1.0%	+4.4%	+2.7%	−2.6%	$20.9B
2	BMUB	iShares National Muni Bond ETFRead Desk	0.05%	3.27%	+0.4%	+0.5%	+0.9%	+4.5%	+0.8%	−6.3%	$54.9B
3	BND	Vanguard Total Bond Market ETFRead Desk	0.03%	4.12%	−0.1%	0.0%	+0.6%	+5.2%	−0.1%	−4.5%	$161.4B
4	AFPAS	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	VTIP	Vanguard Short-Term Inflation-Protected Securities ETFRead Desk	0.03%	4.81%	0.0%	+0.6%	+1.0%	+4.4%	+2.7%	−2.6%	$20.9B
2	BMUB	iShares National Muni Bond ETFRead Desk	0.05%	3.27%	+0.4%	+0.5%	+0.9%	+4.5%	+0.8%	−6.3%	$54.9B
3	BND	Vanguard Total Bond Market ETFRead Desk	0.03%	4.12%	−0.1%	0.0%	+0.6%	+5.2%	−0.1%	−4.5%	$161.4B
4	AFPAS	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

FPAS vs MUB

FPAS

FPA Short Duration Government

[…]

MUB

iShares National Muni Bond

$10,414

MeasureFPASMUB

Fee8.90%0.05%

Cost on $10k a year$890$5

Yield4.64%3.27%

5 years, per year[…]+0.8%

3 years, per year[…]+4.5%

Worst drop · 1Y−4.6%−6.3%

Volatility · 1Y3.7%3.7%

2–1measures won
FPAS first

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

BND vs AGG

YTD

VanguardBND

−0.0%

AGGiShares

−0.0%

−0.0%Year to date−0.0%

4.1%Yield4.1%

$161BAssets$139B

0–0level

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%

$42.6BAssets$46.8B

1–1level

End-of-day Nov 6, 2026

Overlap: VTIP, FPAS, MUB, BND

Today

[…]holdings […]

VTIPFPASMUBBND

VTIP—[…][…][…]

FPAS[…]—[…][…]

MUB[…][…]—[…]

BND[…][…][…]—

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

Income After Fees on $10,000

$478most kept, VTIP

VTIP$481 − $3 = $478

BND$412 − $3 = $409

MUB$327 − $5 = $322

FPAS$464 − $890 = −$426

KeptFee

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