FIXD vs IGCB
First Trust Smith Opportunistic Fixed Income ETF vs TCW Corporate Bond ETF
Which is better, FIXD or IGCB?
Nearly the same fund. IGCB costs less.
IGCB has a lower expense ratio. IGCB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FIXD | IGCB |
|---|---|---|
| Expense Ratio | 0.65% | 0.35%Best |
| AUM | $2.9B | - |
| Dividend Yield | 4.80% | 4.81% |
| Holdings | 421 | 861 |
| YTD Return | -3.10%Best | -3.12% |
| 1Y Return | -3.03% | -2.97%Best |
| 3Y Return (annualized) | +4.08% | - |
| 5Y Return (annualized) | -1.18% | - |
| Volatility (annualized) | 4.6% | 4.5%Best |
| Max Drawdown | -5.4% | -5.1%Best |
| $10,000 over 1.9 years | $10,366 | $10,453Best |
| Fund Family | First Trust Portfolios (US) | TCW ETFs |
| Category | Fixed Income | Fixed Income |
| Style | Long Term Mid Quality | Long Term Mid Quality |
| Inception | Feb 14, 2017 | Jun 29, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 18, 2024 to Oct 12, 2026 (1.9 years).
FIXD vs IGCB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
FIXD vs IGCB Performance
First Trust Smith Opportunistic Fixed Income ETF (FIXD) is an ETF from First Trust Portfolios (US) and TCW Corporate Bond ETF (IGCB) is an ETF from TCW ETFs. Over the past year FIXD returned -3.03% while IGCB returned -2.97%. Year to date, FIXD is down 3.10% versus a loss of 3.12% for IGCB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIXD has been the more volatile fund, with annualized monthly volatility of 4.6% compared with 4.5% for IGCB. 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 -5.4% for FIXD and -5.1% for IGCB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FIXD charges 0.65% per year while IGCB charges 0.35%. On a $10,000 position that is $65 vs $35 annually, a gap of $30 per year that compounds over a long holding period. On income, FIXD currently yields 4.80% against 4.81% for IGCB.
Holdings Overlap
We hold position weights for 250 holdings in FIXD and 287 in IGCB, totalling 41.9% and 64.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 7 positions appear in both.
7 positions in common, counted across the 250 positions we hold weights for in FIXD and 287 in IGCB, against full books of 421 and 861.
Top Shared Holdings
| Stock | Weight in FIXD | Weight in IGCB | Difference |
|---|---|---|---|
| BA 6.528 05/01/34Boeing Co/The Corp. Note | 0.54% | 0.15% | 0.39% |
| FI 5.25 08/11/35Fiserv Inc Sr Unsecured 08/35 5.25 5.25 2035-08-11 | 0.43% | 0.21% | 0.22% |
| SNPS 5.15 04/01/35Synopsys Inc 5.15% Apr 01, 2035 | 0.47% | 0.07% | 0.40% |
| USB V4.839 02/01/34Us Bancorp 4.839 02/01/2034 | 0.16% | 0.33% | 0.17% |
| FLTR 5.875 06/04/31 | 0.27% | 0.16% | 0.11% |
| JPM V1.953 02/04/32Jp Morgan, 1.953% 4Feb2032, USD | 0.05% | 0.20% | 0.15% |
| PNC V6.875 10/20/34Pnc Financial Services Regd V/R 6.87500000 | 0.08% | 0.09% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of FIXD and IGCB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FIXD or IGCB?
FIXD has an expense ratio of 0.65% while IGCB charges 0.35%. IGCB is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, FIXD or IGCB?
Over the past year FIXD returned -3.03% vs -2.97% for IGCB, so IGCB leads on 1-year performance. Over the longest common window we track (2 years), FIXD annualized +1.91% vs +2.36% for IGCB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FIXD or IGCB?
FIXD has been the more volatile fund at 4.6% annualized versus 4.5% for IGCB. Worst drawdown: FIXD -5.4% vs IGCB -5.1%.
Should I hold both FIXD and IGCB?
FIXD and IGCB have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FIXD or IGCB?
FIXD yields 4.80% while IGCB yields 4.81%, so IGCB currently pays the higher dividend yield.
Is IGCB better than FIXD?
IGCB has a lower expense ratio. IGCB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.