FIXD vs. FBND
Compare and contrast key facts about First Trust Smith Opportunistic Fixed Income ETF (FIXD) and Fidelity Total Bond ETF (FBND).
FIXD and FBND 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FIXD vs. FBND - Performance Comparison
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FIXD vs. FBND - 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% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.49% |
Returns By Period
In the year-to-date period, FIXD achieves a -0.54% return, which is significantly lower than FBND's 0.12% return.
FIXD
- 1D
- 0.38%
- 1M
- -2.33%
- YTD
- -0.54%
- 6M
- 0.52%
- 1Y
- 4.11%
- 3Y*
- 3.36%
- 5Y*
- -0.25%
- 10Y*
- —
FBND
- 1D
- -0.02%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 0.77%
- 1Y
- 4.53%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.78%
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FIXD vs. FBND - Expense Ratio Comparison
FIXD has a 0.65% expense ratio, which is higher than FBND's 0.36% expense ratio.
Return for Risk
FIXD vs. FBND — Risk / Return Rank
FIXD
FBND
FIXD vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Smith Opportunistic Fixed Income ETF (FIXD) and Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.03 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.44 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.69 | -0.31 |
Martin ratioReturn relative to average drawdown | 4.02 | 5.25 | -1.23 |
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 | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.03 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.17 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.44 | -0.10 |
Correlation
The correlation between FIXD and FBND is 0.85, 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. FBND - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.65%, less than FBND's 4.73% 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% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
FIXD vs. FBND - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.44%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FIXD and FBND.
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Drawdown Indicators
| FIXD | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -17.25% | -3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.79% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -17.25% | -3.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -4.23% | -1.80% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -3.38% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.90% | +0.18% |
Volatility
FIXD vs. FBND - Volatility Comparison
First Trust Smith Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 1.84% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that FIXD's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIXD | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.66% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 2.62% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 4.44% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 5.90% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 6.08% | -0.22% |