FPAS vs SCHD
FPAS vs SCHD
FPA Short Duration Government ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | FPAS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.06% | |
| AUM | $11M | $103.7B | |
| Dividend Yield | 4.77% | 3.31% | |
| Holdings | 5 | 104 | |
| YTD Return | -1.99% | +24.26% | |
| 1Y Return | -0.26% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 3.0% | 13.6% | |
| Max Drawdown | -3.7% | -33.4% | |
| Fund Family | FPA Investors First | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 31, 2024 | Oct 20, 2011 |
FPAS vs SCHD Performance
FPA Short Duration Government ETF (FPAS) is a ETF from FPA Investors First and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FPAS returned -0.26% while SCHD returned +31.38%. Year to date, FPAS is down 1.99% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.0% for FPAS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -3.7% for FPAS and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FPAS charges 0.10% per year while SCHD charges 0.06%. On a $10,000 position that is $10 vs $6 annually, a gap of $4 per year that compounds over a long holding period. On income, FPAS currently yields 4.77% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, FPAS or SCHD?
FPAS has an expense ratio of 0.10% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, FPAS or SCHD?
Over the past year FPAS returned -0.26% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), FPAS annualized +2.63% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FPAS or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.0% for FPAS. Worst drawdown: FPAS -3.7% vs SCHD -33.4%.
Should I hold both FPAS and SCHD?
FPAS and SCHD have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FPAS or SCHD?
FPAS yields 4.77% while SCHD yields 3.31%, so FPAS currently pays the higher dividend yield.
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