Data as of Oct 28, 2026.
BOND vs FIXD: Differences, Returns & Fees
Over the year to Oct 28, 2026, BOND returned −1.4% to FIXD's −2.6%, and BOND charges 0.54% to FIXD's 0.65%.
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Net assets: $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund, and $2.8bn on Oct 27, 2026 for First Trust Smith Opportunistic Fixed Income ETF.
Pair scorecard
BOND costs 0.11 points a year less; their one-year returns differ by 1.2 points.
| Measure | BOND | FIXD |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −2.6% |
| Drawdown | ||
| Below its high | 3.1%, high on Feb 27, 2026 | 5.7%, high on Aug 4, 2021 |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.54% | 0.65% |
| Net assets, BOND as of Jun 30, 2026 and FIXD as of Oct 27, 2026 | $8.3bn | $2.8bn |
| Holdings | ||
| Holdings in common | 3% | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Feb 24, 2017 to Oct 23, 2026 · 504 weekly returns · each against AGGBOND returned more: +19.9% to +16.8%. BOND swung slightly less: 5.4% to 5.9%. BOND fell slightly less at its worst: −19.5% to −20.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BOND | FIXD | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +19.9% | +16.8% | BOND | Price change plus distributions, reinvested. | |
| Annualized | +1.9% | +1.6% | BOND | Total return as a yearly rate. | |
| Price return | −16.2% | −17.3% | BOND (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 5.4% | 5.9% | BOND (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 4.1% | 4.3% | BOND (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −19.5% | −20.1% | BOND (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 100.4% | 106.0% | 100.0% | FIXD (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 98.2% | 105.2% | 100.0% | BOND (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.97 | 1.08 | 1.00 | BOND lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.91 | 0.95 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.11 | −0.14 | BOND | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.14 | −0.19 | BOND | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.006 | −0.007 | −0.009 | BOND | Return above Treasury bills per unit of beta. |
| Calmar | 0.10 | 0.08 | BOND | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | +0.3% a year | +0.2% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.61 | 0.40 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.7% to +1.3% | −0.7% to +1.0% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.21 | 0.07 | BOND | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.6% | 1.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 504 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BOND and FIXD hold 3% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
3% in common
Only in one fund ↓
Side by side
BOND and FIXD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BOND and FIXD are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 3% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
- Number of holdings. BOND holds 1,565 positions and FIXD holds 410.
- Cost. BOND charges 0.54% of assets a year and FIXD 0.65%, a gap of 0.11 points.
Data as of Oct 28, 2026.
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BOND
BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 on Oct 28, 2026.
FIXD
FIXD is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −2.6% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.65% a year. It sat 5.7% below its high of Aug 4, 2021 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BOND or FIXD?
- In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and FIXD −2.6%.
- Which is cheaper, BOND or FIXD?
- BOND is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BOND against FIXD, data as of Oct 28, 2026. https://etfiq.com/compare/any/bond-vs-fixd
ETFIQ. (Oct 28, 2026). BOND against FIXD. Retrieved from https://etfiq.com/compare/any/bond-vs-fixd
[BOND against FIXD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bond-vs-fixd)
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