Correlation
The correlation between FIXD and SPY 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.
FIXD vs. SPY
Compare and contrast key facts about First Trust TCW Opportunistic Fixed Income ETF (FIXD) and SPDR S&P 500 ETF (SPY).
FIXD and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIXD or SPY.
Performance
FIXD vs. SPY - Performance Comparison
Loading data...
Key characteristics
FIXD:
1.07
SPY:
0.70
FIXD:
1.56
SPY:
1.02
FIXD:
1.19
SPY:
1.15
FIXD:
0.45
SPY:
0.68
FIXD:
2.35
SPY:
2.57
FIXD:
2.74%
SPY:
4.93%
FIXD:
5.98%
SPY:
20.42%
FIXD:
-20.35%
SPY:
-55.19%
FIXD:
-8.25%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FIXD achieves a 2.73% return, which is significantly higher than SPY's 0.87% return.
FIXD
2.73%
0.29%
0.62%
5.90%
1.17%
-1.04%
N/A
SPY
0.87%
3.99%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIXD vs. SPY - Expense Ratio Comparison
FIXD has a 0.56% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FIXD vs. SPY — Risk-Adjusted Performance Rank
FIXD
SPY
FIXD vs. SPY - 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 S&P 500 ETF (SPY). 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.
Loading data...
Dividends
FIXD vs. SPY - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.50%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust TCW Opportunistic Fixed Income ETF | 4.50% | 4.56% | 3.93% | 3.20% | 1.74% | 3.03% | 4.20% | 2.92% | 1.95% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FIXD vs. SPY - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.35%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FIXD and SPY.
Loading data...
Volatility
FIXD vs. SPY - Volatility Comparison
The current volatility for First Trust TCW Opportunistic Fixed Income ETF (FIXD) is 1.74%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that FIXD experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...