- ISIN
- US33740F8059
- CUSIP
- 33740F805
- Issuer
- First Trust
- Inception Date
- Feb 14, 2017
- Region
- North America (U.S.)
- Category
- Intermediate Core-Plus Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $3B
Highlights
- Avg. Volume (1M)
- 286K
- Avg. Volume Value (1M)
- $12.35M
Share Price Chart
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Performance
FIXD Performance Chart
First Trust Smith Opportunistic Fixed Income ETF (FIXD) is down 0.8% since the beginning of the year. FIXD is currently trading at $43 per share. Investors who bought $1,000 worth of FIXD shares 5 years ago would now be looking at an investment worth $958.
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Compare this symbol against anything
Returns By Period
First Trust Smith Opportunistic Fixed Income ETF (FIXD) has returned -0.78% so far this year and 2.09% over the past 12 months.
First Trust Smith Opportunistic Fixed Income ETF
- 1D
- -0.16%
- 1M
- -1.41%
- 6M
- -0.99%
- YTD
- -0.78%
- 1Y
- 2.09%
- 3Y*
- 3.90%
- 5Y*
- -0.86%
- 10Y*
- —
- ALL TIME*
- 1.90%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FIXD Monthly Returns History
Based on dividend-adjusted daily data since Feb 15, 2017, FIXD's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2023 with a return of +4.9%, while the worst month was Sep 2022 at -5.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FIXD closed higher 51% of trading days. The best single day was Mar 23, 2020 with a return of +3.3%, while the worst single day was Mar 19, 2020 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.22% | 1.62% | -2.33% | 0.33% | 0.80% | 0.06% | -1.41% | -0.78% | |||||
| 2025 | 0.64% | 2.48% | -0.01% | 0.22% | -0.60% | 1.58% | -0.29% | 1.23% | 1.40% | 0.72% | 0.63% | -0.29% | 7.95% |
| 2024 | -0.18% | -1.57% | 0.56% | -3.15% | 2.13% | 0.92% | 2.90% | 1.83% | 1.59% | -3.06% | 1.07% | -2.06% | 0.75% |
| 2023 | 3.88% | -2.89% | 2.65% | 0.63% | -1.25% | -0.53% | 0.02% | -0.78% | -3.01% | -1.88% | 4.93% | 4.21% | 5.72% |
| 2022 | -2.03% | -1.09% | -3.46% | -3.90% | 0.04% | -2.23% | 2.73% | -2.84% | -5.07% | -1.58% | 3.95% | -0.28% | -15.00% |
| 2021 | -0.45% | -1.22% | -1.15% | 0.85% | 0.35% | 0.68% | 1.11% | -0.04% | -0.89% | -0.18% | 0.23% | -0.34% | -1.07% |
Benchmark Metrics
First Trust Smith Opportunistic Fixed Income ETF has an annualized alpha of 1.86%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 15, 2017.
- This ETF participated in 23.25% of S&P 500 Index downside but only 14.69% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.02 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.86%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 14.69%
- Downside Capture
- 23.25%
Expense Ratio
FIXD has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FIXD ranks 28 for risk / return — above 28% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for First Trust Smith Opportunistic Fixed Income ETF (FIXD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIXD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.00 | -1.09 |
| Martin ratioReturn relative to average drawdown | 2.32 | 8.49 | -6.17 |
Dividends
Dividend History
First Trust Smith Opportunistic Fixed Income ETF provided a 4.80% dividend yield over the last twelve months, with an annual payout of $2.06 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.06 | $2.00 | $1.96 | $1.76 | $1.35 | $0.93 | $1.72 | $2.64 | $1.38 | $0.99 |
Dividend yield | 4.80% | 4.50% | 4.56% | 3.93% | 3.07% | 1.74% | 3.14% | 5.10% | 2.81% | 1.95% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Smith Opportunistic Fixed Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $1.16 | |||||
| 2025 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.17 | $0.17 | $0.17 | $0.19 | $0.19 | $0.19 | $2.00 |
| 2024 | $0.17 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.21 | $0.21 | $0.16 | $0.15 | $0.15 | $1.96 |
| 2023 | $0.15 | $0.14 | $0.13 | $0.13 | $0.13 | $0.13 | $0.14 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $1.76 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.10 | $0.16 | $0.16 | $0.16 | $0.18 | $0.16 | $1.35 |
| 2021 | $0.10 | $0.15 | $0.14 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.93 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Smith Opportunistic Fixed Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Smith Opportunistic Fixed Income ETF was 20.44%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current First Trust Smith Opportunistic Fixed Income ETF drawdown is 4.46%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-20.44%Oct 2022 | 1y 2mo | — | 4y 12moAug 2021 - now | Bear market2022 |
-8.51%Mar 2020 | 10d | 2mo 3d | 2mo 13dMar 2020 - May 2020 | COVID crash2020 |
-3.22%Mar 2021 | 2mo 13d | 4mo 2d | 6mo 15dJan 2021 - Jul 2021 | — |
-3.17%May 2018 | 8mo 12d | 7mo 22d | 1y 3moSep 2017 - Jan 2019 | — |
-2.11%Sep 2019 | 8d | 21d | 29dSep 2019 - Oct 2019 | — |
Drawdown Indicators
| FIXD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -56.78% | +36.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -9.10% | +5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -5.96% | -18.90% | +12.94% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -25.43% | +4.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.46% | -1.58% | -2.88% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -10.70% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.14% | -0.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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