Sound Enhanced Fixed Income ETF (FXED)

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Sound Enhanced Fixed Income ETF (FXED) is down 0.1% since the beginning of the year. FXED is currently trading at $17 per share. Investors who bought $1,000 worth of FXED shares 5 years ago would now be looking at an investment worth $1,117.

Sound Enhanced Fixed Income ETF (FXED) has returned -0.14% so far this year and 1.88% over the past 12 months.

Based on dividend-adjusted daily data since Dec 31, 2020, FXED's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.

Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +7.7%, while the worst month was Sep 2022 at -7.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FXED closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +3.3%, while the worst single day was Jun 13, 2022 at -3.7%.

Sound Enhanced Fixed Income ETF has an annualized alpha of -0.45%, beta of 0.29, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since December 31, 2020.

• This ETF participated in 67.11% of S&P 500 Index downside but only 40.67% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.29 may look defensive, but with R2 of 0.32 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 0.32 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

FXED has a high expense ratio of 2.33%, indicating above-average management fees.

FXED ranks 16 for risk / return — above 16% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

Sound Enhanced Fixed Income ETF provided a 7.19% dividend yield over the last twelve months, with an annual payout of $1.25 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Sound Enhanced Fixed Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Sound Enhanced 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 Sound Enhanced Fixed Income ETF was 19.70%, occurring on Oct 13, 2022. Recovery took 364 trading sessions.

The current Sound Enhanced Fixed Income ETF drawdown is 2.01%.

The chart below shows the rolling one-month volatility.