FIXD vs. BND
Compare and contrast key facts about First Trust Smith 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 Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
FIXD vs. BND - Performance Comparison
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FIXD vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust Smith Opportunistic Fixed Income ETF | -0.54% | 7.95% | 0.75% | 5.72% | -15.00% | -1.07% | 8.99% | 10.56% | -0.00% | 3.50% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.51% |
Returns By Period
In the year-to-date period, FIXD achieves a -0.54% return, which is significantly lower than BND's 0.05% return.
FIXD
- 1D
- 0.38%
- 1M
- -2.33%
- YTD
- -0.54%
- 6M
- 0.52%
- 1Y
- 4.11%
- 3Y*
- 3.36%
- 5Y*
- -0.25%
- 10Y*
- —
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
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FIXD vs. BND - Expense Ratio Comparison
FIXD has a 0.65% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
FIXD vs. BND — Risk / Return Rank
FIXD
BND
FIXD vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Smith 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.
| FIXD | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 0.99 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.41 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.81 | -0.43 |
Martin ratioReturn relative to average drawdown | 4.02 | 4.98 | -0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIXD | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.99 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.04 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.59 | -0.24 |
Correlation
The correlation between FIXD and BND is 0.91, 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.
Dividends
FIXD vs. BND - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.65%, more than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust Smith Opportunistic Fixed Income ETF | 4.65% | 4.50% | 4.56% | 3.93% | 3.07% | 1.74% | 3.14% | 5.10% | 2.81% | 1.95% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.91% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
FIXD vs. BND - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.44%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FIXD and BND.
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Drawdown Indicators
| FIXD | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -18.58% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.44% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -17.91% | -2.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -4.23% | -2.58% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -3.07% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.89% | +0.19% |
Volatility
FIXD vs. BND - Volatility Comparison
First Trust Smith Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 1.84% compared to Vanguard Total Bond Market ETF (BND) at 1.63%. 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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Volatility by Period
| FIXD | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.63% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 2.52% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 4.30% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 6.00% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 5.52% | +0.34% |