First Trust TCW Opportunistic Fixed Income ETF (FIXD) Performance
FIXD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.2% since Dec 31, 2025
- 1 year
- −1.9% total return
- 5 years
- −0.7% a year
- Since first price
- +1.7% a year since 2017
FIXD trailing returns vs SPY, QQQ, AGG
| Period | FIXD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.2% | −0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.5% | −2.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.4% | −4.6% | +7.8% | +8.4% | −1.5% |
| YTD | −2.2% | −5.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −1.9% | −6.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +16.9%+5.3%/yr | +1.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −3.6%−0.7%/yr | −21.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 15, 2017 | +17.6%+1.7%/yr | −16.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FIXD vs SPY
From Feb 15, 2017: FIXD grew to $11,757, SPY to $37,659.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FIXD returns by calendar year
6 of 8 full years positive. Best 2019 (+9.6%), worst 2022 (−14.9%). 2026 is year to date.
FIXD annual returns table
| Year | FIXD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −2.2% | −5.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.4% | −2.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +0.7% | −5.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.7% | −8.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.9% | −18.7% | −18.2% | −32.6% | −13.0% |
| 2021 | −1.1% | −3.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +8.9% | −8.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +9.6% | −2.1% | +31.2% | +39.0% | +8.5% |
| 2018 | +0.1% | −2.7% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FIXD largest drawdowns
Now 5.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 4, 2021 | −20.3% | Oct 20, 2022 | not yet | 1.2 years | 5.2 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FIXD risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +4.1% | −1.1% | +1.5% |
| Volatility (annualized) | 6.5% | 7.4% | 5.8% |
| Sharpe ratio | -0.02 | -0.61 | -0.13 |
| Sortino ratio | -0.02 | -0.76 | -0.17 |
| Best month | +4.9% | +4.9% | +4.9% |
| Worst month | −3.2% | −5.1% | −5.1% |
| Best 12 months | +12.7% | +12.7% | +12.7% |
| Worst 12 months | −2.2% | −18.0% | −18.0% |
| Positive months | 64% | 52% | 55% |
| Beta vs S&P 500 | 0.27 | 0.29 | — |
| Correlation with S&P 500 | 0.52 | 0.62 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FIXD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 105 | −18.0% | +2.5% | +12.7% | 69% |
| 3-year (a year) | 81 | −6.2% | +2.5% | +6.7% | 58% |
| 5-year (a year) | 57 | −1.3% | −0.1% | +3.3% | 46% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
FIXD performance overview
First Trust TCW Opportunistic Fixed Income ETF (FIXD) returned −1.9% over the past year and −0.7% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +1.7% a year, turning $10,000 into about $11,757. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.3%, from Aug 4, 2021 to Oct 20, 2022; the fund has not yet regained that high. FIXD finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+9.6%) and the worst 2022 (−14.9%). Volatility has been 5.8% a year.
Related: FIXD chart, FIXD dividends. See the FIXD overview for the latest quote and fund facts.
FIXD performance FAQ
What is the FIXD return over the past year?
FIXD returned −1.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.8%.
What is the average annual return of FIXD?
FIXD has returned −0.7% a year over 5 years, +1.7% a year since February 15, 2017 (total return, distributions reinvested).
How much would $10,000 invested in FIXD be worth?
$10,000 invested in FIXD at its first recorded close on February 15, 2017 would be worth about $11,757 on October 23, 2026 with distributions reinvested.
What was the worst year for FIXD?
The worst calendar year was 2022, with a total return of −14.9%. The best was 2019 at +9.6%.
What is the biggest drawdown of FIXD?
The largest peak-to-trough decline was −20.3% between August 4, 2021 and October 20, 2022. It has not yet recovered to that high; it is 5.3% below its peak.
How volatile is FIXD?
Over the past 3 years FIXD had an annualized volatility of 6.5% and a Sharpe ratio of -0.02 (excess return over 1–3 month T-bills per unit of risk).