FISR vs FPAS
State Street Fixed Income Sector Rotation ETF vs FPA Short Duration Government ETF
Which is better, FISR or FPAS?
FISR has been ahead.
FPAS has a lower expense ratio. FISR led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FISR | FPAS |
|---|---|---|
| Expense Ratio | 0.50% | 0.10%Best |
| AUM | $635M | $15M |
| Dividend Yield | 4.39% | 5.01% |
| Holdings | 12 | 10 |
| YTD Return | -2.21%Best | -4.88% |
| 1Y Return | -2.40%Best | -4.69% |
| 3Y Return (annualized) | +4.02% | - |
| 5Y Return (annualized) | -1.51% | - |
| Volatility (annualized) | 4.2% | 3.7%Best |
| Max Drawdown | -5.0%Best | -6.5% |
| $10,000 over 1.9 years | $10,327Best | $10,156 |
| Fund Family | State Street Investment Management | FPA Investors First |
| Category | Fixed Income | Fixed Income |
| Style | Short Term High Quality | Short Term High Quality |
| Inception | Apr 2, 2019 | Oct 31, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 1, 2024 to Oct 14, 2026 (1.9 years).
FISR vs FPAS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
FISR vs FPAS Performance
State Street Fixed Income Sector Rotation ETF (FISR) is an ETF from State Street Investment Management and FPA Short Duration Government ETF (FPAS) is an ETF from FPA Investors First. Over the past year FISR returned -2.40% while FPAS returned -4.69%. Year to date, FISR is down 2.21% versus a loss of 4.88% for FPAS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FISR has been the more volatile fund, with annualized monthly volatility of 4.2% compared with 3.7% 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 -5.0% for FISR and -6.5% for FPAS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FISR charges 0.50% per year while FPAS charges 0.10%. On a $10,000 position that is $50 vs $10 annually, a gap of $40 per year that compounds over a long holding period. On income, FISR currently yields 4.39% against 5.01% for FPAS.
You are not choosing between two funds in isolation.
Whichever of FISR and FPAS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FISR or FPAS?
FISR has an expense ratio of 0.50% while FPAS charges 0.10%. FPAS is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, FISR or FPAS?
Over the past year FISR returned -2.40% vs -4.69% for FPAS, so FISR leads on 1-year performance. Over the longest common window we track (2 years), FISR annualized +1.71% vs +0.82% for FPAS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FISR or FPAS?
FISR has been the more volatile fund at 4.2% annualized versus 3.7% for FPAS. Worst drawdown: FISR -5.0% vs FPAS -6.5%.
Should I hold both FISR and FPAS?
FISR and FPAS have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FISR or FPAS?
FISR yields 4.39% while FPAS yields 5.01%, so FPAS currently pays the higher dividend yield.
Is FPAS better than FISR?
FPAS has a lower expense ratio. FISR led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.