FIXD vs. SPSB
Compare and contrast key facts about First Trust TCW Opportunistic Fixed Income ETF (FIXD) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
FIXD and SPSB 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. SPSB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. It was launched on Dec 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIXD or SPSB.
Key characteristics
| FIXD | SPSB | |
|---|---|---|
| YTD Return | 1.87% | 4.77% |
| 1Y Return | 8.24% | 7.36% |
| 3Y Return (Ann) | -3.02% | 2.19% |
| 5Y Return (Ann) | -0.07% | 2.20% |
| Sharpe Ratio | 1.31 | 3.93 |
| Sortino Ratio | 1.91 | 6.75 |
| Omega Ratio | 1.23 | 1.93 |
| Calmar Ratio | 0.51 | 6.83 |
| Martin Ratio | 4.22 | 33.38 |
| Ulcer Index | 2.08% | 0.22% |
| Daily Std Dev | 6.70% | 1.86% |
| Max Drawdown | -20.35% | -11.75% |
| Current Drawdown | -9.69% | -0.36% |
Correlation
The correlation between FIXD and SPSB is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIXD vs. SPSB - Performance Comparison
In the year-to-date period, FIXD achieves a 1.87% return, which is significantly lower than SPSB's 4.77% 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. SPSB - Expense Ratio Comparison
FIXD has a 0.56% expense ratio, which is higher than SPSB's 0.07% expense ratio.
Risk-Adjusted Performance
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.
Dividends
FIXD vs. SPSB - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.57%, less than SPSB's 4.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.84% | 4.05% | 1.92% | 1.20% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.44% | 1.26% | 1.41% |
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.
Volatility
FIXD vs. SPSB - Volatility Comparison
First Trust TCW Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 1.73% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.37%. 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.