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.
Key characteristics
| FIXD | BND | |
|---|---|---|
| YTD Return | 1.01% | 1.55% |
| 1Y Return | 6.97% | 6.53% |
| 3Y Return (Ann) | -3.11% | -2.38% |
| 5Y Return (Ann) | -0.36% | -0.27% |
| Sharpe Ratio | 1.23 | 1.34 |
| Sortino Ratio | 1.81 | 1.98 |
| Omega Ratio | 1.22 | 1.24 |
| Calmar Ratio | 0.50 | 0.51 |
| Martin Ratio | 3.84 | 4.70 |
| Ulcer Index | 2.14% | 1.67% |
| Daily Std Dev | 6.67% | 5.84% |
| Max Drawdown | -20.35% | -18.84% |
| Current Drawdown | -10.46% | -9.21% |
Correlation
The correlation between FIXD and BND is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIXD vs. BND - Performance Comparison
In the year-to-date period, FIXD achieves a 1.01% return, which is significantly lower than BND's 1.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
FIXD vs. BND - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.61%, more than BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust TCW Opportunistic Fixed Income ETF | 4.61% | 3.93% | 3.20% | 1.74% | 3.03% | 4.20% | 2.93% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
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. For additional features, visit the drawdowns tool.
Volatility
FIXD vs. BND - Volatility Comparison
First Trust TCW Opportunistic Fixed Income ETF (FIXD) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.77% and 1.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.