Data as of Oct 28, 2026.
FIXD vs SMTH: Differences, Returns & Fees
FIXD's duration was 6.2 years on Aug 31, 2026 and SMTH's 6.2 on May 31, 2026; SMTH charges 0.59% to FIXD's 0.65%.
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Net assets: $2.8bn on Oct 27, 2026 for First Trust Smith Opportunistic Fixed Income ETF, and $2.7bn on May 31, 2026 for ALPS Smith Core Plus Bond ETF.
Pair scorecard
SMTH costs 0.06 points a year less; their one-year returns differ by 0.9 points.
| Measure | FIXD | SMTH |
|---|---|---|
| Return | ||
| Total return, 1 year | −2.6% | −1.7% |
| Drawdown | ||
| Below its high | 5.7%, high on Aug 4, 2021 | |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.65% | 0.59% |
| Net assets, FIXD as of Oct 27, 2026 and SMTH as of May 31, 2026 | $2.8bn | $2.7bn |
| Holdings | ||
| Holdings in common | 42% | |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
Dec 15, 2023 to Oct 23, 2026 · 149 weekly returns · each against AGGSMTH returned more: +9.1% to +7.3%. SMTH swung less: 4.6% to 5.5%. SMTH fell less at its worst: −4.6% to −5.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FIXD | SMTH | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +7.3% | +9.1% | SMTH | Price change plus distributions, reinvested. | |
| Annualized | +2.5% | +3.1% | SMTH | Total return as a yearly rate. | |
| Price return | −6.0% | −4.1% | SMTH | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 5.5% | 4.6% | SMTH | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 4.1% | 3.4% | SMTH | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −5.6% | −4.6% | SMTH | Deepest fall from a high to the low after it. | |
| Upside capture | 111.0% | 96.9% | 100.0% | FIXD | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 112.0% | 94.8% | 100.0% | SMTH | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.13 | 0.93 | 1.00 | SMTH lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 0.97 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.33 | −0.28 | SMTH | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.44 | −0.37 | SMTH | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.016 | −0.014 | −0.016 | SMTH | Return above Treasury bills per unit of beta. |
| Calmar | 0.45 | 0.67 | SMTH | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | +0.2% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.07 | 0.37 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.0% to +0.9% | −0.8% to +1.2% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.23 | 0.32 | SMTH | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.0% | 0.9% | 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, 149 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FIXD and SMTH hold 42% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Aug 31, 2026.
half
42% in common
Only in one fund ↓
Side by side
FIXD and SMTH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FIXD and SMTH are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 42% of the weight is in the same securities (holdings dated Aug 31, 2026 and May 31, 2026).
- What each follows (similar). Both follow No index, actively managed.
- One-year total return (similar). Over 1 year to Oct 28, 2026 FIXD returned −2.6% and SMTH −1.7% with distributions reinvested, a gap of 0.9 points.
Data as of Oct 28, 2026.
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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.
SMTH
SMTH is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.7% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.59% a year.
Questions people ask
- Which returned more over the last year, FIXD or SMTH?
- In the year to Oct 28, 2026, with distributions reinvested, FIXD returned −2.6% and SMTH −1.7%.
- Which is cheaper, FIXD or SMTH?
- SMTH is cheaper, by 0.06 percentage points a year. That is about $6 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, FIXD against SMTH, data as of Oct 28, 2026. https://etfiq.com/compare/any/fixd-vs-smth
ETFIQ. (Oct 28, 2026). FIXD against SMTH. Retrieved from https://etfiq.com/compare/any/fixd-vs-smth
[FIXD against SMTH (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fixd-vs-smth)
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