FIXD vs. WCPB
FIXD (First Trust Smith Opportunistic Fixed Income ETF) and WCPB (Weitz Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. FIXD charges 0.65%/yr vs 0.45%/yr for WCPB.
Performance
FIXD vs. WCPB - Performance Comparison
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Returns By Period
In the year-to-date period, FIXD achieves a -0.03% return, which is significantly lower than WCPB's 1.31% return.
FIXD
- 1D
- -0.11%
- 1M
- -0.62%
- 6M
- -0.40%
- YTD
- -0.03%
- 1Y
- 4.49%
- 3Y*
- 3.81%
- 5Y*
- -0.60%
- 10Y*
- —
WCPB
- 1D
- 0.04%
- 1M
- -0.18%
- 6M
- 0.60%
- YTD
- 1.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIXD vs. WCPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIXD First Trust Smith Opportunistic Fixed Income ETF | -0.03% | 3.04% |
WCPB Weitz Core Plus Bond ETF | 1.31% | 3.01% |
Correlation
The correlation between FIXD and WCPB is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025 | 0.93 |
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Return for Risk
FIXD vs. WCPB — Risk / Return Rank
FIXD
WCPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FIXD vs. WCPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Smith Opportunistic Fixed Income ETF (FIXD) and Weitz Core Plus Bond ETF (WCPB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIXD | WCPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | — | — |
| Martin ratioReturn relative to average drawdown | 3.85 | — | — |
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Drawdowns
FIXD vs. WCPB - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.44%, which is greater than WCPB's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for FIXD and WCPB.
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Drawdown Indicators
| FIXD | WCPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -2.64% | -17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | — | — |
Current DrawdownCurrent decline from peak | -3.74% | -0.67% | -3.07% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -0.57% | -4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | — | — |
Volatility
FIXD vs. WCPB - Volatility Comparison
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Volatility by Period
| FIXD | WCPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 3.86% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 3.86% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 3.86% | +1.96% |
FIXD vs. WCPB - Expense Ratio Comparison
FIXD has a 0.65% expense ratio, which is higher than WCPB's 0.45% expense ratio.
Dividends
FIXD vs. WCPB - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.74%, more than WCPB's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust Smith Opportunistic Fixed Income ETF | 4.74% | 4.50% | 4.56% | 3.93% | 3.07% | 1.74% | 3.14% | 5.10% | 2.81% | 1.95% |
WCPB Weitz Core Plus Bond ETF | 3.58% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, FIXD and WCPB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, WCPB is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WCPB is cheaper with a 0.45% expense ratio, compared with 0.65% for FIXD.
FIXD has the higher dividend yield at 4.74%, compared with 3.58% for WCPB.
They also come from different issuers: First Trust and Weitz. Their fees differ too: 0.65% for FIXD and 0.45% for WCPB.
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