XFIX vs. BYLD
Compare and contrast key facts about F/m Opportunistic Income ETF (XFIX) and iShares Yield Optimized Bond ETF (BYLD).
XFIX and BYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XFIX is an actively managed fund by F/m. It was launched on Sep 5, 2023. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014.
Performance
XFIX vs. BYLD - Performance Comparison
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XFIX vs. BYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XFIX F/m Opportunistic Income ETF | 0.11% | 5.98% | 4.94% | 5.92% |
BYLD iShares Yield Optimized Bond ETF | -0.06% | 8.41% | 4.17% | 5.62% |
Returns By Period
In the year-to-date period, XFIX achieves a 0.11% return, which is significantly higher than BYLD's -0.06% return.
XFIX
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 0.11%
- 6M
- 1.08%
- 1Y
- 4.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BYLD
- 1D
- -0.08%
- 1M
- -1.15%
- YTD
- -0.06%
- 6M
- 0.77%
- 1Y
- 5.72%
- 3Y*
- 5.99%
- 5Y*
- 2.19%
- 10Y*
- 3.01%
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XFIX vs. BYLD - Expense Ratio Comparison
XFIX has a 0.40% expense ratio, which is higher than BYLD's 0.17% expense ratio.
Return for Risk
XFIX vs. BYLD — Risk / Return Rank
XFIX
BYLD
XFIX vs. BYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m Opportunistic Income ETF (XFIX) and iShares Yield Optimized Bond ETF (BYLD). 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.
| XFIX | BYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 1.25 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.69 | 1.76 | +0.93 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.16 | -0.03 |
Martin ratioReturn relative to average drawdown | 8.58 | 7.80 | +0.78 |
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
| XFIX | BYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.25 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.56 | +1.06 |
Correlation
The correlation between XFIX and BYLD is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XFIX vs. BYLD - Dividend Comparison
XFIX's dividend yield for the trailing twelve months is around 5.21%, less than BYLD's 5.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFIX F/m Opportunistic Income ETF | 5.21% | 5.35% | 5.50% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BYLD iShares Yield Optimized Bond ETF | 5.39% | 5.32% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% |
Drawdowns
XFIX vs. BYLD - Drawdown Comparison
The maximum XFIX drawdown since its inception was -3.66%, smaller than the maximum BYLD drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for XFIX and BYLD.
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Drawdown Indicators
| XFIX | BYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.66% | -14.75% | +11.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.09% | -2.71% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.75% | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.61% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -2.54% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.76% | -0.21% |
Volatility
XFIX vs. BYLD - Volatility Comparison
The current volatility for F/m Opportunistic Income ETF (XFIX) is 0.71%, while iShares Yield Optimized Bond ETF (BYLD) has a volatility of 1.99%. This indicates that XFIX experiences smaller price fluctuations and is considered to be less risky than BYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFIX | BYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 1.99% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | 2.71% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.31% | 4.60% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 5.16% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 5.43% | -1.31% |