FIXD vs. BNDP
FIXD (First Trust Smith Opportunistic Fixed Income ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. FIXD is actively managed, while BNDP is passively managed. With a 0.96 correlation, they move nearly in lockstep. FIXD charges 0.65%/yr vs 0.05%/yr for BNDP.
Performance
FIXD vs. BNDP - Performance Comparison
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Returns By Period
In the year-to-date period, FIXD achieves a 0.84% return, which is significantly lower than BNDP's 1.04% return.
FIXD
- 1D
- 0.00%
- 1M
- 0.88%
- YTD
- 0.84%
- 6M
- 0.64%
- 1Y
- 4.72%
- 3Y*
- 4.06%
- 5Y*
- -0.25%
- 10Y*
- —
BNDP
- 1D
- 0.13%
- 1M
- 1.01%
- YTD
- 1.04%
- 6M
- 0.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIXD vs. BNDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIXD First Trust Smith Opportunistic Fixed Income ETF | 0.84% | -0.29% |
BNDP Vanguard Core-Plus Bond Index ETF | 1.04% | 0.08% |
Correlation
The correlation between FIXD and BNDP is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.96 |
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Return for Risk
FIXD vs. BNDP — Risk / Return Rank
FIXD
BNDP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FIXD vs. BNDP - 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 Core-Plus Bond Index ETF (BNDP). 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.
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 | BNDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | — | — |
| Martin ratioReturn relative to average drawdown | 4.19 | — | — |
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Drawdowns
FIXD vs. BNDP - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.44%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for FIXD and BNDP.
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Drawdown Indicators
| FIXD | BNDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -2.60% | -17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | — | — |
Current DrawdownCurrent decline from peak | -2.90% | -0.62% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -0.89% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | — | — |
Volatility
FIXD vs. BNDP - Volatility Comparison
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Volatility by Period
| FIXD | BNDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 3.72% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 3.72% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 3.72% | +2.11% |
FIXD vs. BNDP - Expense Ratio Comparison
FIXD has a 0.65% expense ratio, which is higher than BNDP's 0.05% expense ratio.
Dividends
FIXD vs. BNDP - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 5.06%, more than BNDP's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BNDP Vanguard Core-Plus Bond Index ETF | 2.06% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIXD First Trust Smith Opportunistic Fixed Income ETF | 5.06% | 4.50% | 4.56% | 3.93% | 3.07% | 1.74% | 3.14% | 5.10% | 2.81% | 1.95% |
Frequently Asked Questions
With a correlation of 0.96, FIXD and BNDP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDP is cheaper with a 0.05% expense ratio, compared with 0.65% for FIXD.
FIXD has the higher dividend yield at 5.06%, compared with 2.06% for BNDP.
They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.65% for FIXD and 0.05% for BNDP.
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