FIXT vs. FLXR

Last updated Jun 24, 2026

FIXT (Procure Disaster Recovery Strategy ETF) and FLXR (TCW Flexible Income ETF) are both exchange-traded funds - FIXT is a Global Equities fund tracking the VettaFi Natural Disaster Response and Mitigation Index, while FLXR is a Multisector Bonds fund actively managed by TCW. FIXT is passively managed, while FLXR is actively managed. Over the past year, FIXT returned 4.69% vs 5.35% for FLXR. A 0.68 correlation means they provide meaningful diversification when combined. FIXT charges 0.75%/yr vs 0.40%/yr for FLXR.

Performance

FIXT vs. FLXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Procure Disaster Recovery Strategy ETF (FIXT) and TCW Flexible Income ETF (FLXR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIXT achieves a 0.71% return, which is significantly lower than FLXR's 1.28% return.

FIXT

• 1D: 0.14%
• 1M: 1.07%
• YTD: 0.71%
• 6M: 0.66%
• 1Y: 4.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLXR

• 1D: 0.13%
• 1M: 0.37%
• YTD: 1.28%
• 6M: 1.48%
• 1Y: 5.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIXT vs. FLXR - Yearly Performance Comparison

	2026 (YTD)	2025
FIXT Procure Disaster Recovery Strategy ETF	0.71%	4.57%
FLXR TCW Flexible Income ETF	1.28%	4.45%

Correlation

The correlation between FIXT and FLXR is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 16, 2025	0.68

The correlation between FIXT and FLXR has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.

Return for Risk

FIXT vs. FLXR — Risk / Return Rank

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

FIXT

FIXT Risk / Return Rank: 36
FIXT Sharpe Ratio Rank: 38
FIXT Sortino Ratio Rank: 39
FIXT Omega Ratio Rank: 36
FIXT Calmar Ratio Rank: 33
FIXT Martin Ratio Rank: 32

FLXR

FLXR Risk / Return Rank: 79
FLXR Sharpe Ratio Rank: 77
FLXR Sortino Ratio Rank: 82
FLXR Omega Ratio Rank: 80
FLXR Calmar Ratio Rank: 75
FLXR Martin Ratio Rank: 82

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.

FIXT vs. FLXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Disaster Recovery Strategy ETF (FIXT) and TCW Flexible Income ETF (FLXR). 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.

	FIXT	FLXR	Difference
Sharpe ratio: Return per unit of total volatility	1.26	2.32	-1.06
Sortino ratio: Return per unit of downside risk	1.89	3.44	-1.55
Omega ratio: Gain probability vs. loss probability	1.22	1.45	-0.22
Calmar ratio: Return relative to maximum drawdown	1.56	3.67	-2.11
Martin ratio: Return relative to average drawdown	4.33	15.58	-11.25

FIXT vs. FLXR - Sharpe Ratio Comparison

The current FIXT Sharpe Ratio is 1.26, which is lower than the FLXR Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FIXT and FLXR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIXT vs. FLXR - Drawdown Comparison

The maximum FIXT drawdown since its inception was -3.02%, which is greater than FLXR's maximum drawdown of -1.94%. Use the drawdown chart below to compare losses from any high point for FIXT and FLXR.

Drawdown Indicators

	FIXT	FLXR	Difference
Max Drawdown Largest peak-to-trough decline	-3.02%	-1.94%	-1.08%
Max Drawdown (1Y) Largest decline over 1 year	-3.02%	-1.46%	-1.56%
Current Drawdown Current decline from peak	-1.42%	-0.29%	-1.13%
Average Drawdown Average peak-to-trough decline	-0.75%	-0.36%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	0.34%	+0.74%

Volatility

FIXT vs. FLXR - Volatility Comparison

Procure Disaster Recovery Strategy ETF (FIXT) has a higher volatility of 0.91% compared to TCW Flexible Income ETF (FLXR) at 0.81%. This indicates that FIXT's price experiences larger fluctuations and is considered to be riskier than FLXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIXT	FLXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	0.81%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	1.74%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	3.77%	2.32%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.74%	2.81%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.74%	2.81%	+0.93%

FIXT vs. FLXR - Expense Ratio Comparison

FIXT has a 0.75% expense ratio, which is higher than FLXR's 0.40% expense ratio.

Dividends

FIXT vs. FLXR - Dividend Comparison

FIXT's dividend yield for the trailing twelve months is around 5.52%, less than FLXR's 5.81% yield.

Position	TTM	2025	2024
FIXT Procure Disaster Recovery Strategy ETF	5.52%	3.24%	0.00%
FLXR TCW Flexible Income ETF	5.81%	5.66%	3.44%

Frequently Asked Questions

Can I hold both FIXT and FLXR in my portfolio?

FIXT and FLXR have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIXT or FLXR?

FIXT has higher volatility (0.91%) compared to FLXR (0.81%). In terms of maximum drawdown, FIXT dropped -3.02% vs FLXR's -1.94%.

Which ETF is better, FIXT or FLXR?

On 1-year performance, FLXR leads with 5.35% vs 4.69% for FIXT. On fees, FLXR is cheaper at 0.40% per year. On volatility, FLXR has been the lower-risk option at 0.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIXT or FLXR?

Over the 1-year period, FLXR has performed better with a 5.35% return vs 4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIXT or FLXR?

FLXR is cheaper with a 0.40% expense ratio, compared with 0.75% for FIXT.

Which ETF pays a higher dividend yield, FIXT or FLXR?

FLXR has the higher dividend yield at 5.81%, compared with 5.52% for FIXT.

What is the main difference between FIXT and FLXR?

FIXT is categorized as Global Equities, while FLXR is Multisector Bonds. They also come from different issuers: Procure and TCW. Their fees differ too: 0.75% for FIXT and 0.40% for FLXR.

Which has better risk-adjusted returns?

FLXR currently has the higher Sharpe Ratio (2.32 vs 1.26), 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.