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ETFs

First Trust Exchange-Traded Fund VIII First Trust TCW Opportunistic Fixed Income ETF

FIXD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 14 2017
Expense Ratio
0.65%
Type
US Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$23,187,642
AUM
$4,452,979,584
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
U.S. Treasury Note 4.375% due 08/31/2028
11.71%
n/a
U.S. Treasury Note 5% due 08/31/2025
6.73%
n/a
U.S. Treasury Bond 4.375% due 08/15/2043
5.28%
n/a
Fannie Mae or Freddie Mac TBA 5% due 06/01/2053
4.69%
n/a
Fannie Mae or Freddie Mac TBA 5.50% due 06/01/2053
3.81%
n/a
U.S. Treasury Bond 4.125% due 08/15/2053
3.79%
n/a
U.S. Treasury Bill 0% due 11/28/2023
3.00%
n/a
U.S. Treasury Note 3.875% due 08/15/2033
2.19%
n/a
Fannie Mae or Freddie Mac TBA 2% due 01/01/2052
2.10%
n/a
Fannie Mae 4 % TBA MBS Single Family 30 Years Maturity Settles October
2.08%
Invest with FIXD

What is FIXD?

The First Trust TCW Opportunistic Fixed Income ETF is an actively managed exchange-traded fund. The Funds investment objective is to seek to maximize long-term total return. Under normal market conditions, the Fund pursues its objective by investing at least 80% of its net assets (including investment borrowings) in fixed income securities of any credit quality.

ETFs related toFIXD

ETFs correlated to FIXD include BND, SCHZ, AGG

FIXD
First Trust Exchange-Traded Fund VIII - First Trust TCW Opportunistic Fixed Income ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFIXD

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FIXD using Composer

FAQ

FIXD is a US Bonds ETF. The First Trust TCW Opportunistic Fixed Income ETF is an actively managed exchange-traded fund. The Funds investment objective is to seek to maximize long-term total return. Under normal market conditions, the Fund pursues its objective by investing at least 80% of its net assets (including investment borrowings) in fixed income securities of any credit quality.

Yes, FIXD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FIXD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FIXD is -0.0148%. This is the percent change in the value of FIXD over the most recent 1-month period. The 3-month return on FIXD is -0.0379%. This is the percent change in the value of FIXD over the most recent 3-month period.

The standard deviation of FIXD for the past year is 0.084%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FIXD include GSY, GVI, and BLV.

ETFs correlated to FIXD include BND, SCHZ, and AGG.

ETFs that are inversely correlated to FIXD include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.