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

Correlation

The correlation between FIXD and SPSB is 0.14, 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.


-0.50.00.51.0
Correlation: 0.1

Performance

FIXD vs. SPSB - Performance Comparison

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

10.00%15.00%20.00%December2025FebruaryMarchAprilMay
13.55%
22.71%
FIXD
SPSB

Key characteristics

Sharpe Ratio

FIXD:

1.31

SPSB:

4.02

Sortino Ratio

FIXD:

1.92

SPSB:

6.55

Omega Ratio

FIXD:

1.23

SPSB:

1.91

Calmar Ratio

FIXD:

0.53

SPSB:

8.69

Martin Ratio

FIXD:

2.98

SPSB:

28.60

Ulcer Index

FIXD:

2.64%

SPSB:

0.23%

Daily Std Dev

FIXD:

5.99%

SPSB:

1.65%

Max Drawdown

FIXD:

-20.35%

SPSB:

-11.75%

Current Drawdown

FIXD:

-8.52%

SPSB:

-0.31%

Returns By Period

In the year-to-date period, FIXD achieves a 2.44% return, which is significantly higher than SPSB's 1.87% return.


FIXD

YTD

2.44%

1M

-0.83%

6M

1.91%

1Y

6.85%

5Y*

-0.93%

10Y*

N/A

SPSB

YTD

1.87%

1M

0.23%

6M

2.62%

1Y

6.29%

5Y*

2.38%

10Y*

2.32%

*Annualized

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FIXD vs. SPSB - Expense Ratio Comparison

FIXD has a 0.56% expense ratio, which is higher than SPSB's 0.07% expense ratio.


Expense ratio chart for FIXD: current value is 0.56%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FIXD: 0.56%
Expense ratio chart for SPSB: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPSB: 0.07%

Risk-Adjusted Performance

FIXD vs. SPSB — 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 7676
Overall Rank
The Sharpe Ratio Rank of FIXD is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of FIXD is 8686
Sortino Ratio Rank
The Omega Ratio Rank of FIXD is 8282
Omega Ratio Rank
The Calmar Ratio Rank of FIXD is 5757
Calmar Ratio Rank
The Martin Ratio Rank of FIXD is 6868
Martin Ratio Rank

SPSB
The Risk-Adjusted Performance Rank of SPSB is 9999
Overall Rank
The Sharpe Ratio Rank of SPSB is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of SPSB is 9999
Sortino Ratio Rank
The Omega Ratio Rank of SPSB is 9898
Omega Ratio Rank
The Calmar Ratio Rank of SPSB is 9999
Calmar Ratio Rank
The Martin Ratio Rank of SPSB is 9898
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. SPSB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Opportunistic Fixed Income ETF (FIXD) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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 chart of Sharpe ratio for FIXD, currently valued at 1.31, compared to the broader market-1.000.001.002.003.004.00
FIXD: 1.31
SPSB: 4.02
The chart of Sortino ratio for FIXD, currently valued at 1.92, compared to the broader market-2.000.002.004.006.008.00
FIXD: 1.92
SPSB: 6.55
The chart of Omega ratio for FIXD, currently valued at 1.23, compared to the broader market0.501.001.502.002.50
FIXD: 1.23
SPSB: 1.91
The chart of Calmar ratio for FIXD, currently valued at 0.53, compared to the broader market0.002.004.006.008.0010.0012.00
FIXD: 0.53
SPSB: 8.69
The chart of Martin ratio for FIXD, currently valued at 2.98, compared to the broader market0.0020.0040.0060.00
FIXD: 2.98
SPSB: 28.60

The current FIXD Sharpe Ratio is 1.31, which is lower than the SPSB Sharpe Ratio of 4.02. The chart below compares the historical Sharpe Ratios of FIXD and SPSB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
1.31
4.02
FIXD
SPSB

Dividends

FIXD vs. SPSB - Dividend Comparison

FIXD's dividend yield for the trailing twelve months is around 4.49%, less than SPSB's 4.85% yield.


TTM20242023202220212020201920182017201620152014
FIXD
First Trust TCW Opportunistic Fixed Income ETF
4.49%4.56%3.93%3.20%1.74%3.03%4.20%2.92%1.95%0.00%0.00%0.00%
SPSB
SPDR Portfolio Short Term Corporate Bond ETF
4.85%4.85%4.05%1.92%1.19%1.94%2.77%2.36%1.94%1.65%1.43%1.26%

Drawdowns

FIXD vs. SPSB - Drawdown Comparison

The maximum FIXD drawdown since its inception was -20.35%, which is greater than SPSB's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for FIXD and SPSB. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-8.52%
-0.31%
FIXD
SPSB

Volatility

FIXD vs. SPSB - Volatility Comparison

First Trust TCW Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 2.45% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.80%. This indicates that FIXD's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%December2025FebruaryMarchAprilMay
2.45%
0.80%
FIXD
SPSB