FIXD vs. IUSB
Compare and contrast key facts about First Trust Smith Opportunistic Fixed Income ETF (FIXD) and iShares Core Universal USD Bond ETF (IUSB).
FIXD and IUSB 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. IUSB is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Universal Index. It was launched on Jun 10, 2014.
Performance
FIXD vs. IUSB - Performance Comparison
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FIXD vs. IUSB - 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% |
IUSB iShares Core Universal USD Bond ETF | -0.07% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.74% |
Returns By Period
In the year-to-date period, FIXD achieves a -0.54% return, which is significantly lower than IUSB's -0.07% return.
FIXD
- 1D
- 0.38%
- 1M
- -2.33%
- YTD
- -0.54%
- 6M
- 0.52%
- 1Y
- 4.11%
- 3Y*
- 3.36%
- 5Y*
- -0.25%
- 10Y*
- —
IUSB
- 1D
- 0.20%
- 1M
- -1.81%
- YTD
- -0.07%
- 6M
- 0.97%
- 1Y
- 4.55%
- 3Y*
- 4.07%
- 5Y*
- 0.53%
- 10Y*
- 2.06%
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FIXD vs. IUSB - Expense Ratio Comparison
FIXD has a 0.65% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Return for Risk
FIXD vs. IUSB — Risk / Return Rank
FIXD
IUSB
FIXD vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Smith Opportunistic Fixed Income ETF (FIXD) and iShares Core Universal USD Bond ETF (IUSB). 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 | IUSB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.11 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.56 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.92 | -0.54 |
Martin ratioReturn relative to average drawdown | 4.02 | 5.96 | -1.94 |
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 | IUSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.11 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.09 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.46 | -0.11 |
Correlation
The correlation between FIXD and IUSB is 0.89, 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. IUSB - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.65%, more than IUSB's 4.23% 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% |
IUSB iShares Core Universal USD Bond ETF | 4.23% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Drawdowns
FIXD vs. IUSB - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.44%, which is greater than IUSB's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for FIXD and IUSB.
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Drawdown Indicators
| FIXD | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -17.90% | -2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.49% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -17.87% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -4.23% | -1.81% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -3.62% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.80% | +0.28% |
Volatility
FIXD vs. IUSB - Volatility Comparison
First Trust Smith Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 1.84% compared to iShares Core Universal USD Bond ETF (IUSB) at 1.62%. This indicates that FIXD's price experiences larger fluctuations and is considered to be riskier than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIXD | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.62% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 2.41% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 4.13% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 5.77% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 5.03% | +0.83% |