FIXP vs. NBFC

Last updated Jun 4, 2026

FIXP (FolioBeyond Enhanced Fixed Income Premium ETF) and NBFC (Flexible Credit Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, FIXP returned 6.63% vs 8.01% for NBFC. At a 0.49 correlation, their price movements are largely independent. FIXP charges 1.01%/yr vs 0.40%/yr for NBFC.

Performance

FIXP vs. NBFC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) and Flexible Credit Income ETF (NBFC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FIXP having a 1.33% return and NBFC slightly lower at 1.32%.

FIXP

• 1D: -0.12%
• 1M: -0.16%
• YTD: 1.33%
• 6M: 1.89%
• 1Y: 6.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBFC

• 1D: -0.25%
• 1M: 0.74%
• YTD: 1.32%
• 6M: 1.68%
• 1Y: 8.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIXP vs. NBFC - Yearly Performance Comparison

	2026 (YTD)	2025
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	1.33%	4.72%
NBFC Flexible Credit Income ETF	1.32%	8.80%

Correlation

The correlation between FIXP and NBFC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.49

Return for Risk

FIXP vs. NBFC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIXP

FIXP Risk / Return Rank: 70
FIXP Sharpe Ratio Rank: 68
FIXP Sortino Ratio Rank: 73
FIXP Omega Ratio Rank: 74
FIXP Calmar Ratio Rank: 64
FIXP Martin Ratio Rank: 72

NBFC

NBFC Risk / Return Rank: 75
NBFC Sharpe Ratio Rank: 78
NBFC Sortino Ratio Rank: 87
NBFC Omega Ratio Rank: 85
NBFC Calmar Ratio Rank: 60
NBFC Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIXP vs. NBFC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) and Flexible Credit Income ETF (NBFC). 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.

	FIXP	NBFC	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.51	-0.29
Sortino ratio: Return per unit of downside risk	3.27	3.89	-0.62
Omega ratio: Gain probability vs. loss probability	1.44	1.51	-0.07
Calmar ratio: Return relative to maximum drawdown	3.11	2.91	+0.20
Martin ratio: Return relative to average drawdown	13.24	12.32	+0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIXP vs. NBFC - Sharpe Ratio Comparison

The current FIXP Sharpe Ratio is 2.22, which is comparable to the NBFC Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FIXP and NBFC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIXP	NBFC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.51	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	2.23	-1.05

Drawdowns

FIXP vs. NBFC - Drawdown Comparison

The maximum FIXP drawdown since its inception was -3.42%, smaller than the maximum NBFC drawdown of -3.99%. Use the drawdown chart below to compare losses from any high point for FIXP and NBFC.

Drawdown Indicators

	FIXP	NBFC	Difference
Max Drawdown Largest peak-to-trough decline	-3.42%	-3.99%	+0.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.14%	-2.77%	+0.63%
Current Drawdown Current decline from peak	-0.56%	-0.25%	-0.31%
Average Drawdown Average peak-to-trough decline	-0.53%	-0.44%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	0.65%	-0.15%

Volatility

FIXP vs. NBFC - Volatility Comparison

The current volatility for FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) is 0.93%, while Flexible Credit Income ETF (NBFC) has a volatility of 1.05%. This indicates that FIXP experiences smaller price fluctuations and is considered to be less risky than NBFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIXP	NBFC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	1.05%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	2.46%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.02%	3.21%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.79%	3.63%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.79%	3.63%	+0.16%

FIXP vs. NBFC - Expense Ratio Comparison

FIXP has a 1.01% expense ratio, which is higher than NBFC's 0.40% expense ratio.

Dividends

FIXP vs. NBFC - Dividend Comparison

FIXP's dividend yield for the trailing twelve months is around 5.39%, less than NBFC's 7.33% yield.

Position	TTM	2025	2024
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	5.39%	5.27%	0.00%
NBFC Flexible Credit Income ETF	7.33%	7.71%	3.95%

Frequently Asked Questions

Can I hold both FIXP and NBFC in my portfolio?

FIXP and NBFC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIXP or NBFC?

NBFC has higher volatility (1.05%) compared to FIXP (0.93%). In terms of maximum drawdown, FIXP dropped -3.42% vs NBFC's -3.99%.

Which ETF is better, FIXP or NBFC?

On 1-year performance, NBFC leads with 8.01% vs 6.63% for FIXP. On fees, NBFC is cheaper at 0.40% per year. On volatility, FIXP has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIXP or NBFC?

Over the 1-year period, NBFC has performed better with a 8.01% return vs 6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIXP or NBFC?

NBFC is cheaper with a 0.40% expense ratio, compared with 1.01% for FIXP.

Which ETF pays a higher dividend yield, FIXP or NBFC?

NBFC has the higher dividend yield at 7.33%, compared with 5.39% for FIXP.

What is the main difference between FIXP and NBFC?

They also come from different issuers: FolioBeyond and Neuberger. Their fees differ too: 1.01% for FIXP and 0.40% for NBFC.

Which has better risk-adjusted returns?

NBFC currently has the higher Sharpe Ratio (2.51 vs 2.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.