Correlation
The correlation between FIXD and BND is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FIXD vs. BND
Compare and contrast key facts about First Trust TCW Opportunistic Fixed Income ETF (FIXD) and Vanguard Total Bond Market ETF (BND).
FIXD and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIXD is an actively managed fund by First Trust. It was launched on Feb 14, 2017. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIXD or BND.
Performance
FIXD vs. BND - Performance Comparison
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Key characteristics
FIXD:
1.07
BND:
1.10
FIXD:
1.56
BND:
1.60
FIXD:
1.19
BND:
1.19
FIXD:
0.45
BND:
0.47
FIXD:
2.35
BND:
2.79
FIXD:
2.74%
BND:
2.11%
FIXD:
5.98%
BND:
5.32%
FIXD:
-20.35%
BND:
-18.84%
FIXD:
-8.25%
BND:
-7.09%
Returns By Period
In the year-to-date period, FIXD achieves a 2.73% return, which is significantly higher than BND's 2.49% return.
FIXD
2.73%
-0.33%
0.62%
5.90%
1.17%
-1.04%
N/A
BND
2.49%
-0.40%
0.77%
5.44%
1.52%
-1.00%
1.54%
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FIXD vs. BND - Expense Ratio Comparison
FIXD has a 0.56% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
FIXD vs. BND — Risk-Adjusted Performance Rank
FIXD
BND
FIXD vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Opportunistic Fixed Income ETF (FIXD) and Vanguard Total Bond Market ETF (BND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
FIXD vs. BND - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.50%, more than BND's 3.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust TCW Opportunistic Fixed Income ETF | 4.50% | 4.56% | 3.93% | 3.20% | 1.74% | 3.03% | 4.20% | 2.92% | 1.95% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.74% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
Drawdowns
FIXD vs. BND - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.35%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FIXD and BND.
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Volatility
FIXD vs. BND - Volatility Comparison
First Trust TCW Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 1.74% compared to Vanguard Total Bond Market ETF (BND) at 1.52%. This indicates that FIXD's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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