FPAS vs SHY
FPA Short Duration Government ETF compared with iShares 1-3 Year Treasury Bond ETF on yield, payout growth, payment schedule, cost and risk.
FPAS
FPA Short Duration Government ETF
TTM yield · Monthly
SHY
iShares 1-3 Year Treasury Bond ETF
TTM yield · Monthly
Quick take
- FPAS yields more today: 4.71% vs 3.62% (forward).
- Both pay every month.
- Over the last year SHY delivered the higher total return: +1.8% vs -1.6% (price change plus payouts).
- FPAS is cheaper to own: 0.10% vs 0.15% expense ratio.
- SHY has the steadier distribution: consistency 96/100 vs 72/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FPAS | SHY |
|---|---|---|
| Share price | $23.95 | $81.50 |
| TTM yield | 4.71% | 3.62% |
| Forward yield | 4.71% | 3.62% |
| Annual payout per share | $1.128 | $2.947 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 11, 2026 (est.) | Oct 31, 2026 (est.) |
| Expense ratio | 0.10% | 0.15% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 72/100 | 96/100 |
| 1-year total return | -1.6% | +1.8% |
| 1-year price return | -6.0% | -1.8% |
| Size (market cap / AUM) | 13.7M | 26.3B |
| Years paying | 1.9 | 24.1 |
| Sector / category | Short Government | Short Government |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FPAS | SHY | |
|---|---|---|
| Shares | 417.4 | 122.7 |
| Income per year | $471 | $362 |
| Income per month (avg) | $39 | $30 |
At forward yields, before taxes. Model FPAS · Model SHY
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FPAS Nov 11, 2026 | Nov 25, 2026 | $0.094 | Est. |
| FPAS Dec 10, 2026 | Dec 24, 2026 | $0.094 | Est. |
| FPAS Jan 8, 2027 | Jan 22, 2027 | $0.094 | Est. |
| SHY Oct 31, 2026 | Nov 3, 2026 | $0.2456 | Est. |
| SHY Nov 30, 2026 | Dec 3, 2026 | $0.2456 | Est. |
| SHY Dec 30, 2026 | Jan 2, 2027 | $0.2456 | Est. |
Annual payouts per share
FPASSHY
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FPAS or SHY?
FPAS currently has the higher trailing yield: FPAS yields 4.71% and SHY yields 3.62%. Yield changes daily with price, so check the live figures above.
How often do FPAS and SHY pay?
FPAS pays every month and SHY pays every month. FPAS's next ex-date is Nov 11, 2026 and SHY's is Oct 31, 2026.
Is FPAS or SHY better for income?
It depends on what you are optimising for. FPAS and SHY differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.