FIXD vs. FALN
Compare and contrast key facts about First Trust TCW Opportunistic Fixed Income ETF (FIXD) and iShares Fallen Angels USD Bond ETF (FALN).
FIXD and FALN 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. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIXD or FALN.
Key characteristics
| FIXD | FALN | |
|---|---|---|
| YTD Return | 2.03% | 8.48% |
| 1Y Return | 9.34% | 15.59% |
| 3Y Return (Ann) | -3.04% | 1.75% |
| 5Y Return (Ann) | -0.04% | 5.68% |
| Sharpe Ratio | 1.26 | 3.05 |
| Sortino Ratio | 1.84 | 4.70 |
| Omega Ratio | 1.22 | 1.60 |
| Calmar Ratio | 0.49 | 1.69 |
| Martin Ratio | 4.03 | 21.72 |
| Ulcer Index | 2.09% | 0.69% |
| Daily Std Dev | 6.69% | 4.93% |
| Max Drawdown | -20.35% | -29.22% |
| Current Drawdown | -9.55% | 0.00% |
Correlation
The correlation between FIXD and FALN is 0.32, 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.
Performance
FIXD vs. FALN - Performance Comparison
In the year-to-date period, FIXD achieves a 2.03% return, which is significantly lower than FALN's 8.48% 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. FALN - Expense Ratio Comparison
FIXD has a 0.56% expense ratio, which is higher than FALN's 0.25% expense ratio.
Risk-Adjusted Performance
FIXD vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Opportunistic Fixed Income ETF (FIXD) and iShares Fallen Angels USD Bond ETF (FALN). 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. FALN - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.57%, less than FALN's 6.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust TCW Opportunistic Fixed Income ETF | 4.57% | 3.93% | 3.20% | 1.74% | 3.03% | 4.20% | 2.93% | 1.95% | 0.00% |
FALN iShares Fallen Angels USD Bond ETF | 6.05% | 5.38% | 5.08% | 3.39% | 5.14% | 5.35% | 5.97% | 6.99% | 3.54% |
Drawdowns
FIXD vs. FALN - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.35%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for FIXD and FALN. For additional features, visit the drawdowns tool.
Volatility
FIXD vs. FALN - Volatility Comparison
First Trust TCW Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 1.74% compared to iShares Fallen Angels USD Bond ETF (FALN) at 1.36%. This indicates that FIXD's price experiences larger fluctuations and is considered to be riskier than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.