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FIXD vs. FBND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FIXD and FBND is 0.02, 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. FBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust TCW Opportunistic Fixed Income ETF (FIXD) and Fidelity Total Bond ETF (FBND). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FIXD:

0.75

FBND:

0.96

Sortino Ratio

FIXD:

1.13

FBND:

1.24

Omega Ratio

FIXD:

1.13

FBND:

1.15

Calmar Ratio

FIXD:

0.33

FBND:

0.50

Martin Ratio

FIXD:

1.70

FBND:

2.42

Ulcer Index

FIXD:

2.72%

FBND:

1.91%

Daily Std Dev

FIXD:

5.99%

FBND:

5.41%

Max Drawdown

FIXD:

-20.35%

FBND:

-17.25%

Current Drawdown

FIXD:

-9.35%

FBND:

-3.87%

Returns By Period

In the year-to-date period, FIXD achieves a 1.50% return, which is significantly lower than FBND's 1.76% return.


FIXD

YTD

1.50%

1M

-0.08%

6M

1.16%

1Y

4.46%

3Y*

0.97%

5Y*

-1.22%

10Y*

N/A

FBND

YTD

1.76%

1M

-0.34%

6M

1.36%

1Y

4.95%

3Y*

2.25%

5Y*

0.32%

10Y*

2.15%

*Annualized

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Fidelity Total Bond ETF

FIXD vs. FBND - Expense Ratio Comparison

FIXD has a 0.56% expense ratio, which is higher than FBND's 0.36% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FIXD vs. FBND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIXD
The Risk-Adjusted Performance Rank of FIXD is 6161
Overall Rank
The Sharpe Ratio Rank of FIXD is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of FIXD is 7272
Sortino Ratio Rank
The Omega Ratio Rank of FIXD is 6363
Omega Ratio Rank
The Calmar Ratio Rank of FIXD is 4444
Calmar Ratio Rank
The Martin Ratio Rank of FIXD is 5454
Martin Ratio Rank

FBND
The Risk-Adjusted Performance Rank of FBND is 7171
Overall Rank
The Sharpe Ratio Rank of FBND is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of FBND is 7777
Sortino Ratio Rank
The Omega Ratio Rank of FBND is 7171
Omega Ratio Rank
The Calmar Ratio Rank of FBND is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FBND is 6868
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FIXD vs. FBND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW 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.


The current FIXD Sharpe Ratio is 0.75, which is comparable to the FBND Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FIXD and FBND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FIXD vs. FBND - Dividend Comparison

FIXD's dividend yield for the trailing twelve months is around 4.55%, less than FBND's 4.68% yield.


TTM20242023202220212020201920182017201620152014
FIXD
First Trust TCW Opportunistic Fixed Income ETF
4.55%4.56%3.93%3.20%1.74%3.03%4.20%2.92%1.95%0.00%0.00%0.00%
FBND
Fidelity Total Bond ETF
4.68%4.73%4.26%3.07%1.86%4.25%2.90%2.93%2.56%2.84%3.26%0.66%

Drawdowns

FIXD vs. FBND - Drawdown Comparison

The maximum FIXD drawdown since its inception was -20.35%, 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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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FIXD vs. FBND - Volatility Comparison

First Trust TCW Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 1.76% compared to Fidelity Total Bond ETF (FBND) at 1.48%. 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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