SPSB vs. FIXD
Compare and contrast key facts about SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and First Trust Smith Opportunistic Fixed Income ETF (FIXD).
SPSB and FIXD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FIXD is an actively managed fund by First Trust. It was launched on Feb 14, 2017.
Performance
SPSB vs. FIXD - Performance Comparison
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SPSB vs. FIXD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 0.28% | 5.86% | 5.25% | 5.60% | -3.31% | -0.20% | 3.83% | 5.21% | 1.45% | 1.34% |
FIXD First Trust Smith Opportunistic Fixed Income ETF | -0.54% | 7.95% | 0.75% | 5.72% | -15.00% | -1.07% | 8.99% | 10.56% | -0.00% | 3.50% |
Returns By Period
In the year-to-date period, SPSB achieves a 0.28% return, which is significantly higher than FIXD's -0.54% return.
SPSB
- 1D
- 0.17%
- 1M
- -0.48%
- YTD
- 0.28%
- 6M
- 1.46%
- 1Y
- 4.49%
- 3Y*
- 5.17%
- 5Y*
- 2.64%
- 10Y*
- 2.61%
FIXD
- 1D
- 0.38%
- 1M
- -2.33%
- YTD
- -0.54%
- 6M
- 0.52%
- 1Y
- 4.11%
- 3Y*
- 3.36%
- 5Y*
- -0.25%
- 10Y*
- —
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SPSB vs. FIXD - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is lower than FIXD's 0.65% expense ratio.
Return for Risk
SPSB vs. FIXD — Risk / Return Rank
SPSB
FIXD
SPSB vs. FIXD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and First Trust Smith Opportunistic Fixed Income ETF (FIXD). 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.
| SPSB | FIXD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 0.87 | +2.13 |
Sortino ratioReturn per unit of downside risk | 4.62 | 1.22 | +3.40 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.15 | +0.52 |
Calmar ratioReturn relative to maximum drawdown | 5.22 | 1.38 | +3.84 |
Martin ratioReturn relative to average drawdown | 21.58 | 4.02 | +17.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPSB | FIXD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 0.87 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.35 | -0.04 | +1.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.34 | +0.52 |
Correlation
The correlation between SPSB and FIXD is 0.62, 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.
Dividends
SPSB vs. FIXD - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.50%, less than FIXD's 4.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.50% | 4.55% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% |
FIXD First Trust Smith Opportunistic Fixed Income ETF | 4.65% | 4.50% | 4.56% | 3.93% | 3.07% | 1.74% | 3.14% | 5.10% | 2.81% | 1.95% | 0.00% | 0.00% |
Drawdowns
SPSB vs. FIXD - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, smaller than the maximum FIXD drawdown of -20.44%. Use the drawdown chart below to compare losses from any high point for SPSB and FIXD.
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Drawdown Indicators
| SPSB | FIXD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.75% | -20.44% | +8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -3.14% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -5.96% | -20.44% | +14.48% |
Max Drawdown (10Y)Largest decline over 10 years | -11.75% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -4.23% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -5.53% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 1.08% | -0.87% |
Volatility
SPSB vs. FIXD - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is 0.64%, while First Trust Smith Opportunistic Fixed Income ETF (FIXD) has a volatility of 1.84%. This indicates that SPSB experiences smaller price fluctuations and is considered to be less risky than FIXD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPSB | FIXD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.84% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 2.80% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 4.73% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 6.54% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.06% | 5.86% | -2.80% |