FIXD vs VOO
FIXD vs VOO
First Trust Smith Opportunistic Fixed Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FIXD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $3.2B | $979.0B | |
| Dividend Yield | 4.68% | 1.09% | |
| Holdings | 446 | 509 | |
| YTD Return | -0.70% | +9.95% | |
| 1Y Return | +2.49% | +19.58% | |
| 3Y Return (annualized) | +3.71% | +19.43% | |
| 5Y Return (annualized) | -1.00% | +12.89% | |
| Volatility (annualized) | 5.8% | 14.2% | |
| Max Drawdown | -21.8% | -34.3% | |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 14, 2017 | Sep 7, 2010 |
FIXD vs VOO Performance
First Trust Smith Opportunistic Fixed Income ETF (FIXD) is a ETF from First Trust Portfolios (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FIXD returned +2.49% while VOO returned +19.58%. Year to date, FIXD is down 0.70% versus a gain of 9.95% for VOO.
Over three years, FIXD compounded at +3.71% per year against +19.43% for VOO; over five years the annualized figures are -1.00% and +12.89% respectively. Across the full 10-year window we track, VOO has the edge at +13.35% annualized vs +0.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 5.8% for FIXD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.8% for FIXD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FIXD charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, FIXD currently yields 4.68% against 1.09% for VOO.
Holdings Overlap
FIXD and VOO share 0 holdings out of 826 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FIXD or VOO?
FIXD has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, FIXD or VOO?
Over the past year FIXD returned +2.49% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (10 years), FIXD annualized +0.44% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, FIXD or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 5.8% for FIXD. Worst drawdown: FIXD -21.8% vs VOO -34.3%.
Should I hold both FIXD and VOO?
FIXD and VOO have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIXD and VOO?
FIXD and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 826 unique securities.
Which pays a higher dividend, FIXD or VOO?
FIXD yields 4.68% while VOO yields 1.09%, so FIXD currently pays the higher dividend yield.
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